$NTST
NETSTREIT Corp.

2022 Q3 Form 10-Q Financial Statement

#000179810022000083 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $25.01M $22.63M $21.33M
YoY Change 60.31% 64.04% 78.78%
Cost Of Revenue $2.539M $2.685M $2.932M
YoY Change 46.17% 104.18% 208.63%
Gross Profit $22.47M $19.95M $18.40M
YoY Change 62.08% 59.81% 67.58%
Gross Profit Margin 89.85% 88.14% 86.26%
Selling, General & Admin $4.552M $4.865M $4.190M
YoY Change 20.55% 21.9% 33.44%
% of Gross Profit 20.25% 24.39% 22.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.40M $11.80M $11.00M
YoY Change 65.43% 66.2% 86.44%
% of Gross Profit 59.62% 59.15% 59.78%
Operating Expenses $17.96M $16.62M $15.17M
YoY Change 51.55% 50.15% 67.44%
Operating Profit $4.515M $3.333M $3.230M
YoY Change 123.96% 135.22% 68.23%
Interest Expense $3.017M $1.522M $1.169M
YoY Change 237.09% 70.25% 29.17%
% of Operating Profit 66.82% 45.66% 36.19%
Other Income/Expense, Net -$2.874M $372.0K -$1.008M
YoY Change -371.13% -193.7% 11.38%
Pretax Income $1.590M $2.103M $2.057M
YoY Change -45.99% -179.96% 160.05%
Income Tax $171.0K $93.00K $91.00K
% Of Pretax Income 10.75% 4.42% 4.42%
Net Earnings $1.403M $1.987M $1.942M
YoY Change -52.34% -178.35% 177.03%
Net Earnings / Revenue 5.61% 8.78% 9.1%
Basic Earnings Per Share $0.03 $0.04 $0.04
Diluted Earnings Per Share $0.03 $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 50.34M shares 48.14M shares 44.42M shares
Diluted Shares Outstanding 51.38M shares 48.95M shares 45.60M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.19M $19.85M $4.687M
YoY Change -41.43% -77.48% -65.79%
Cash & Equivalents $16.19M $19.85M $4.687M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.792M $5.489M $4.147M
Other Receivables $50.36M $50.03M $43.53M
Total Short-Term Assets $72.34M $75.37M $52.37M
YoY Change 123.91% -18.08% 199.24%
LONG-TERM ASSETS
Property, Plant & Equipment $1.190B $1.095B $994.2M
YoY Change 53.3% 56.59% 62.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.73M $5.350M $11.63M
YoY Change 1527.04% -69.77% -39.42%
Total Long-Term Assets $1.401B $1.294B $1.147B
YoY Change 56.54% 57.64% 59.41%
TOTAL ASSETS
Total Short-Term Assets $72.34M $75.37M $52.37M
Total Long-Term Assets $1.401B $1.294B $1.147B
Total Assets $1.474B $1.370B $1.200B
YoY Change 58.88% 50.01% 62.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $430.0K $1.981M $1.014M
YoY Change -76.69% 177.06% 153.5%
Accrued Expenses $13.65M $13.11M $11.73M
YoY Change 167.49% 247.94% 278.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.08M $15.10M $12.74M
YoY Change 102.65% 236.64% -22.78%
LONG-TERM LIABILITIES
Long-Term Debt $411.1M $411.4M $294.4M
YoY Change 114.93% 136.17% 68.99%
Other Long-Term Liabilities $38.97M $33.20M $27.56M
YoY Change 59.99% 33.66% 30.59%
Total Long-Term Liabilities $450.1M $444.6M $321.9M
YoY Change 108.72% 123.38% 64.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.08M $15.10M $12.74M
Total Long-Term Liabilities $450.1M $444.6M $321.9M
Total Liabilities $464.2M $459.7M $334.7M
YoY Change 108.53% 125.87% 58.04%
SHAREHOLDERS EQUITY
Retained Earnings -$58.75M -$49.94M -$42.19M
YoY Change 107.4% 115.83% 235.34%
Common Stock $549.0K $503.0K $479.0K
YoY Change 38.64% 27.34% 68.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $999.8M $900.2M $854.9M
YoY Change
Total Liabilities & Shareholders Equity $1.474B $1.370B $1.200B
YoY Change 58.88% 50.01% 62.73%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.403M $1.987M $1.942M
YoY Change -52.34% -178.35% 177.03%
Depreciation, Depletion And Amortization $13.40M $11.80M $11.00M
YoY Change 65.43% 66.2% 86.44%
Cash From Operating Activities $16.46M $13.30M $8.954M
YoY Change 202.06% 40.13% 109.7%
INVESTING ACTIVITIES
Capital Expenditures -$129.8M -$120.4M -$94.95M
YoY Change 42.94% -0.74% 6.0%
Acquisitions
YoY Change
Other Investing Activities $37.83M -$35.19M -$38.76M
YoY Change 122.82% -368.23% 8513.78%
Cash From Investing Activities -$91.94M -$155.5M -$133.7M
YoY Change 24.56% 43.84% 48.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$75.13M
YoY Change -83582.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.82M 157.4M $121.8M
YoY Change 813.38% -9.04% 1685.17%
NET CHANGE
Cash From Operating Activities 16.46M 13.30M $8.954M
Cash From Investing Activities -91.94M -155.5M -$133.7M
Cash From Financing Activities 71.82M 157.4M $121.8M
Net Change In Cash -3.660M 15.16M -$2.916M
YoY Change -93.95% -79.62% -96.31%
FREE CASH FLOW
Cash From Operating Activities $16.46M $13.30M $8.954M
Capital Expenditures -$129.8M -$120.4M -$94.95M
Free Cash Flow $146.2M $133.7M $103.9M
YoY Change 51.95% 2.23% 10.72%

Facts In Submission

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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38018588 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47277468 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33236262 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2010000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2630000 usd
us-gaap Profit Loss
ProfitLoss
3976000 usd
us-gaap Profit Loss
ProfitLoss
-1889000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1338000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-265000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
7549000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2058000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3348000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2895000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
11525000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
169000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
38000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-106000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
138000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
58000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3310000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2789000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11387000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
111000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
789815000 usd
CY2022Q1 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
8997000 usd
CY2022Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
128000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2022Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-362000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1045000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6211000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1966000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
865047000 usd
CY2022Q2 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
9692000 usd
CY2022Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
149000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1298000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1338000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2010000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
909852000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
528073000 usd
CY2021Q1 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
5994000 usd
CY2021Q1 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
132000 usd
CY2021Q1 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
-90000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
557000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2323000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
741000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
525478000 usd
CY2021Q2 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
8177000 usd
CY2021Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
132000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1041000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-265000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2630000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
709476000 usd
us-gaap Profit Loss
ProfitLoss
3976000 usd
us-gaap Profit Loss
ProfitLoss
-1889000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22730000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13004000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
314000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
314000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1427000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
886000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2344000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1598000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2019000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
497000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1114000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3539000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3325000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1366000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1057000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
166000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
400000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
225000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22250000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13758000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
207289000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
205167000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
8016000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
5647000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
46466000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
0 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
39659000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
-349000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
0 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
10000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12177000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12319000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-289253000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-198156000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
125497000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194161000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18476000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13577000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
213000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
594000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
106000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
5000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
245000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
72000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13000000 usd
ntst Proceeds From Property Development Incentives
ProceedsFromPropertyDevelopmentIncentives
605000 usd
ntst Proceeds From Property Development Incentives
ProceedsFromPropertyDevelopmentIncentives
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
363000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
694000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
279250000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
179895000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
12247000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4503000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7603000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92643000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19850000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88140000 usd
us-gaap Interest Paid Net
InterestPaidNet
2345000 usd
us-gaap Interest Paid Net
InterestPaidNet
1352000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
45000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
277000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
264000 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
7549000 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
2058000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2848000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
ntst Accrued Lease Incentives Incurred But Not Yet Received
AccruedLeaseIncentivesIncurredButNotYetReceived
500000 usd
ntst Accrued Lease Incentives Incurred But Not Yet Received
AccruedLeaseIncentivesIncurredButNotYetReceived
0 usd
CY2022Q2 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
384 property
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
CY2022Q2 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
2 property
CY2022Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s most significant assumptions and estimates relate to the useful lives of real estate assets, lease accounting, real estate impairment assessments, and allocation of fair value of purchase consideration. These estimates are based on historical experience and other assumptions which management believes are reasonable under the circumstances. The Company evaluates its estimates on an ongoing basis and makes revisions to these estimates and related disclosures as experience develops or new information becomes known. Further, the uncertainty over the ultimate impact COVID-19 and instability in macroeconomic conditions will have on the global economy and the Company’s business makes any estimates and assumptions as of June 30, 2022 inherently less certain than they would be absent the current and potential impacts of COVID-19 and instability in macroeconomic conditions. Actual results could differ from those estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Risk and Uncertainties</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">COVID-19</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The ongoing COVID-19 pandemic, and the measures taken to limit its spread have negatively impacted the economy across many industries, including industries in which our tenants operate. The impacts may continue and/or increase in severity as the duration of the pandemic lengthens. The Company continues to monitor the global outbreak of COVID-19 and to take steps to mitigate the potential risks to us posed by the pandemic, including the identification and spread of variants. However, the Company’s operations and cash flows during the years presented in the consolidated financial statements were not materially impacted by COVID-19.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents. The Company is exposed to credit risk with respect to cash held at various financial institutions, access to its Credit Facility, amounts due under the mortgage loan receivables, and amounts due or payable under derivative contracts. The credit risk exposure with regard to the Company’s cash, credit facilities, and derivative instruments is spread among a diversified group of investment grade financial institutions.</span></div>
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11800000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7100000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22700000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13000000.0 usd
CY2022Q2 us-gaap Depreciation
Depreciation
7900000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
4900000 usd
us-gaap Depreciation
Depreciation
15300000 usd
us-gaap Depreciation
Depreciation
9000000.0 usd
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3800000 usd
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2200000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
7400000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4000000.0 usd
CY2021Q4 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1 property
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1114000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3469000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1114000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3539000 usd
CY2022Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
0 property
CY2021Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
2 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
0 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
2 property
CY2022Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
CY2021Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Revenue Recognition and Related Matters</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company’s rental revenue is primarily related to rent received from tenants under leases accounted for as operating leases. Rent from leases that have fixed and determinable rent increases is recognized on a straight-line basis over the non-cancellable initial term of the lease and reasonably certain renewal periods, from the later of the date of the commencement of the lease or the date of acquisition of the property subject to the lease. The difference between rental revenue recognized and the cash rent </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">due under the provisions of the lease is recorded as deferred rent receivable and included as a component of other assets in the condensed consolidated balance sheets. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Variable lease revenues include tenant reimbursements, lease termination fees, changes in the index or market-based indices after the inception of the lease or percentage rents. Variable lease revenues are not recognized until the specific events that trigger the variable payments have occurred. The Company recognized variable lease revenue related to tenant reimbursements and lease termination fees for the periods presented.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Capitalized above-market and below-market lease values are amortized on a straight-line basis as a reduction or increase of rental revenue as appropriate over the remaining non-cancellable terms of the respective leases. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Reserves for uncollectible amounts are provided against the portion of accounts receivable, net including straight-line rents, which is estimated to be uncollectible, which includes a portfolio-based reserve and reserves for specifically disputed amounts. Such reserves are reviewed each period based upon recovery experience and the specific facts of each outstanding amount. As of June 30, 2022 and December 31, 2021, the Company had an immaterial reserve for uncollectible amounts specific to uncharged reimbursable expenses. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Mortgage Loan Receivables</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company holds loan receivables, which are mortgage loans secured by real estate, for long-term investment. Loan receivables are carried at amortized cost.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company recognizes interest income on loan receivables using the effective-interest method. Direct costs associated with originating loans, along with any premium or discount, is deferred and amortized as an adjustment to interest income over the term of the related loan receivable using the effective interest method. The Company evaluates its loan receivable balances, including accrued interest, for potential credit losses by analyzing the credit of the borrower, the remaining time to maturity of the loan, collateral value and quality (if any), and other relevant factors. A loan receivable is placed on nonaccrual status when management determines that full recovery of the contractually specified payments of principal and interest is doubtful.</span></div>
ntst Number Of Properties Developed
NumberOfPropertiesDeveloped
4 property
CY2022Q2 ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
500000 usd
CY2021Q2 ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
200000 usd
ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
700000 usd
ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
300000 usd
CY2022Q2 ntst Number Of Retail Properties Owned
NumberOfRetailPropertiesOwned
381 property
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
CY2022Q2 ntst Number Of Distinct Tenants
NumberOfDistinctTenants
75 tenant
CY2022Q2 ntst Number Of Retail Sectors In Which Tenants Represent
NumberOfRetailSectorsInWhichTenantsRepresent
24 retail_sector
ntst Lessor Operating Lease Remaining Lease Term
LessorOperatingLeaseRemainingLeaseTerm
P9Y6M
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
19653000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12497000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37721000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
23450000 usd
CY2022Q2 us-gaap Variable Lease Income
VariableLeaseIncome
2229000 usd
CY2021Q2 us-gaap Variable Lease Income
VariableLeaseIncome
1067000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
4918000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
1856000 usd
CY2022Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-294000 usd
CY2021Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-237000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-577000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-427000 usd
CY2022Q2 ntst Lease Incentives Income
LeaseIncentivesIncome
-128000 usd
CY2021Q2 ntst Lease Incentives Income
LeaseIncentivesIncome
-3000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-246000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-3000 usd
CY2022Q2 us-gaap Lease Income
LeaseIncome
22048000 usd
CY2021Q2 us-gaap Lease Income
LeaseIncome
13798000 usd
us-gaap Lease Income
LeaseIncome
42970000 usd
us-gaap Lease Income
LeaseIncome
25730000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
41095000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
82788000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
83410000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
82937000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
80049000 usd
CY2022Q2 ntst Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
441098000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
811377000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
135000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
270000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
7000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
10000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4400000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5500000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
141000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
533000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
617000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
636000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
653000 usd
CY2022Q2 ntst Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3982000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6562000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1046000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
5516000 usd
CY2022Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0325
CY2022Q2 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
384 property
CY2022Q2 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
6 property
CY2022Q2 us-gaap Real Estate Investments
RealEstateInvestments
1300000000 usd
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
56 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
207300000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1900000 usd
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
66 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
205200000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
2300000 usd
ntst Asset Acquisition Assumed Receivables
AssetAcquisitionAssumedReceivables
0 usd
ntst Asset Acquisition Assumed Receivables
AssetAcquisitionAssumedReceivables
44000 usd
ntst Asset Acquisition Additions
AssetAcquisitionAdditions
213629000 usd
ntst Asset Acquisition Additions
AssetAcquisitionAdditions
211227000 usd
ntst Asset Acquisition Below Market Lease
AssetAcquisitionBelowMarketLease
6316000 usd
ntst Asset Acquisition Below Market Lease
AssetAcquisitionBelowMarketLease
6060000 usd
ntst Asset Acquisition Accounts Payable And Accrued Liabilities
AssetAcquisitionAccountsPayableAndAccruedLiabilities
24000 usd
ntst Asset Acquisition Accounts Payable And Accrued Liabilities
AssetAcquisitionAccountsPayableAndAccruedLiabilities
0 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
207289000 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
205167000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
6 property
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
9600000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1000000.0 usd
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
14700000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
6 property
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
163159000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23627000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
139532000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
140410000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15638000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
124772000 usd
CY2022Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
32217000 usd
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4007000 usd
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
28210000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
26185000 usd
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
2869000 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
23316000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3807000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2206000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7435000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3999000 usd
CY2022Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
627000 usd
CY2021Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
431000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1237000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
803000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
166000 usd
CY2021Q2 ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
234000 usd
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
331000 usd
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
423000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9477000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14993000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14198000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13846000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12642000 usd
CY2022Q2 ntst Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
52946000 usd
CY2022Q2 ntst Finite Lived Intangible Assets Net Of Above Market Leases
FiniteLivedIntangibleAssetsNetOfAboveMarketLeases
118102000 usd
CY2022Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
1650000 usd
CY2022Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2791000 usd
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
2733000 usd
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
2711000 usd
CY2022Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
2598000 usd
CY2022Q2 ntst Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
15727000 usd
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
28210000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Remainder Of Fiscal Year
NetAdjustmentToRentalRevenueRemainderOfFiscalYear
524000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Year One
NetAdjustmentToRentalRevenueYearOne
849000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Year Two
NetAdjustmentToRentalRevenueYearTwo
795000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Year Three
NetAdjustmentToRentalRevenueYearThree
774000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Year Four
NetAdjustmentToRentalRevenueYearFour
662000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue After Year Four
NetAdjustmentToRentalRevenueAfterYearFour
3176000 usd
CY2022Q2 ntst Net Adjustment To Rental Revenue Net
NetAdjustmentToRentalRevenueNet
6780000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
412000000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
239000000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
558000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
670000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
595000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
796000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
410847000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
237534000 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
5489000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2801000 usd
CY2022Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
3390000 usd
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
2263000 usd
CY2022Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1654000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1473000 usd
CY2022Q2 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
41142000 usd
CY2021Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
853000 usd
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
11857000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
4309000 usd
CY2022Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
626000 usd
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
615000 usd
CY2022Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
595000 usd
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
796000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4581000 usd
CY2022Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2128000 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1657000 usd
CY2022Q2 us-gaap Interest Receivable
InterestReceivable
202000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
0 usd
CY2022Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
853000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1003000 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
72335000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
20351000 usd
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6772000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6254000 usd
CY2022Q2 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
826000 usd
CY2021Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
1742000 usd
CY2022Q2 us-gaap Advance Rent
AdvanceRent
2532000 usd
CY2021Q4 us-gaap Advance Rent
AdvanceRent
1918000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5442000 usd
CY2022Q2 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1981000 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
419000 usd
CY2022Q2 ntst Tenant Allowances Payable
TenantAllowancesPayable
1825000 usd
CY2021Q4 ntst Tenant Allowances Payable
TenantAllowancesPayable
0 usd
CY2022Q2 us-gaap Other Liabilities
OtherLiabilities
618000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
1205000 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
20070000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
16980000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2094976 shares
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
8888000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9588000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.40
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18476000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
200000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
600000 usd
CY2022Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2022Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2022Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000.0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 usd
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1400000 usd
CY2022Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2010000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-2630000 usd
us-gaap Profit Loss
ProfitLoss
3976000 usd
us-gaap Profit Loss
ProfitLoss
-1889000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
23000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-94000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
47000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-54000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1987000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2536000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3929000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1835000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
23000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-94000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
47000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-54000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2010000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2630000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3976000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1889000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48140041 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38018588 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46279122 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33236262 shares
CY2022Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
527539 shares
CY2021Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
539054 shares
ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
235295 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
264784 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
48958 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
194508 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48951833 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38018588 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47277468 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33236262 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
ntst Remaining Funding Period Of Real Estate Assets
RemainingFundingPeriodOfRealEstateAssets
P6M

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