Financial Snapshot

Revenue
$155.5M
TTM
Gross Margin
88.62%
TTM
Net Earnings
-$4.600M
TTM
Current Assets
$192.5M
Q3 2024
Current Liabilities
$18.56M
Q3 2024
Current Ratio
1037.24%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.347B
Q3 2024
Cash
Q3 2024
P/E
-280.4
Nov 29, 2024 EST
Free Cash Flow
-$365.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $131.9M $96.28M $59.14M $33.73M $20.32M $23.83M
YoY Change 37.0% 62.8% 75.33% 66.01% -14.74%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $131.9M $96.28M $59.14M $33.73M $20.32M $23.83M
Cost Of Revenue $16.41M $11.70M $5.803M $2.570M $1.165M $1.730M
Gross Profit $115.5M $84.58M $53.34M $31.16M $19.15M $22.10M
Gross Profit Margin 87.56% 87.85% 90.19% 92.38% 94.27% 92.74%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $20.18M $19.05M $14.81M $11.34M $4.141M $3.790M
YoY Change 5.89% 28.65% 30.6% 173.85% 9.26%
% of Gross Profit 17.47% 22.53% 27.77% 36.39% 21.62% 17.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $63.68M $50.08M $30.80M $15.50M $10.62M $12.88M
YoY Change 27.16% 62.58% 98.71% 45.99% -17.57%
% of Gross Profit 55.14% 59.2% 57.75% 49.74% 55.43% 58.28%
Operating Expenses $83.85M $69.13M $45.62M $26.80M $14.76M $16.68M
YoY Change 21.3% 51.54% 70.21% 81.6% -11.52%
Operating Profit $31.64M $15.46M $7.720M $4.360M $4.395M $5.420M
YoY Change 104.7% 100.21% 77.06% -0.8% -18.91%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $19.06M $9.181M $3.700M $4.741M -$10.89M -$11.00M
YoY Change 107.58% 148.14% -21.96% -143.56% -1.05%
% of Operating Profit 60.24% 59.4% 47.93% 108.74% -247.67% -202.95%
Other Income/Expense, Net -$17.26M -$4.902M -$272.0K $1.712M
YoY Change 252.08% 1702.21% -115.89%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $6.841M $8.601M $3.209M $212.0K -$8.030M -$20.30M
YoY Change -20.46% 168.03% 1413.68% -102.64% -60.44%
Income Tax -$49.00K $396.0K $59.00K $0.00
% Of Pretax Income -0.72% 4.6% 1.84% 0.0%
Net Earnings $6.890M $8.205M $3.150M $212.0K -$8.044M -$20.30M
YoY Change -16.03% 160.48% 1385.85% -102.64% -60.37%
Net Earnings / Revenue 5.22% 8.52% 5.33% 0.63% -39.59% -85.19%
Basic Earnings Per Share $0.11 $0.16 $0.08 $0.04
Diluted Earnings Per Share $0.11 $0.16 $0.08 $0.01 -$331.1K -$835.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $29.93M $70.54M $7.603M $92.60M $169.3M $2.000M
YoY Change -57.57% 827.83% -91.79% -45.31% 8365.95%
Cash & Equivalents $29.93M $70.54M $7.603M $92.60M $169.3M $2.000M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $10.07M $7.167M $2.801M $1.500M $625.0K $900.0K
Other Receivables $123.6M $52.26M $2.263M $1.400M $15.00K $1.200M
Total Short-Term Assets $163.6M $130.0M $12.67M $95.50M $170.0M $4.100M
YoY Change 25.88% 926.08% -86.74% -43.81% 4045.34%
Property, Plant & Equipment $1.544B $1.269B $918.2M $537.6M $223.9M $237.8M
YoY Change 21.72% 38.17% 70.8% 140.08% -5.84%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.59M $30.55M $3.507M $16.00M $10.08M $58.30M
YoY Change 88.5% 771.2% -78.08% 58.67% -82.7%
Total Long-Term Assets $1.783B $1.476B $1.056B $630.3M $264.0M $329.0M
YoY Change 20.8% 39.78% 67.5% 138.78% -19.77%
Total Assets $1.946B $1.606B $1.068B $725.8M $433.9M $333.1M
YoY Change
Accounts Payable $4.691M $1.394M $419.0K $900.0K $1.165M $200.0K
YoY Change 236.51% 232.7% -53.44% -22.75% 482.5%
Accrued Expenses $19.43M $12.51M $13.44M $3.600M $438.0K $1.700M
YoY Change 55.23% -6.88% 273.28% 721.92% -74.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.12M $13.91M $13.86M $4.500M $1.853M $1.900M
YoY Change 73.4% 0.37% 207.93% 142.85% -2.47%
Long-Term Debt $609.8M $494.2M $238.3M $174.1M $173.9M $243.2M
YoY Change 23.39% 107.36% 36.89% 0.11% -28.49%
Other Long-Term Liabilities $38.89M $39.17M $26.44M $19.10M $5.724M $5.200M
YoY Change -0.71% 48.15% 38.42% 233.68% 10.08%
Total Long-Term Liabilities $648.7M $533.4M $264.8M $193.2M $179.6M $248.4M
YoY Change 21.62% 101.44% 37.04% 7.55% -27.68%
Total Liabilities $681.3M $556.9M $289.3M $231.7M $269.4M $250.3M
YoY Change 22.35% 92.51% 24.85% -13.99% 7.63%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 63.92M shares 49.52M shares 37.00M shares 17.32M shares
Diluted Shares Outstanding 64.67M shares 50.43M shares 38.67M shares 21.16M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.29 Billion

About NETSTREIT Corp.

NetSTREIT Corp. is an internally managed Real Estate Investment Trust that specializes in acquiring single-tenant net lease retail properties nationwide. The company is headquartered in Dallas, Texas and currently employs 28 full-time employees. The company went IPO on 2020-08-13. The firm is structured as an umbrella partnership real estate investment trust (UPREIT). The Company’s diversified portfolio consists of approximately 598 single-tenant retail net leased properties spanning 45 states, with 85 different tenants represented across 26 retail sectors. The firm focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenient stores, discount stores, and quick-service restaurants, which it refers to as defensive retail industries.

Industry: Real Estate Investment Trusts Peers: ACADIA REALTY TRUST ALEXANDERS INC Necessity Retail REIT, Inc. CBL & ASSOCIATES PROPERTIES INC GETTY REALTY CORP /MD/ InvenTrust Properties Corp. REALTY INCOME CORP SAUL CENTERS, INC. TANGER INC. Urban Edge Properties