2022 Q4 Form 10-Q Financial Statement

#000179810022000103 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $27.30M $25.01M
YoY Change 53.3% 60.31%
Cost Of Revenue $3.539M $2.539M
YoY Change 96.5% 46.17%
Gross Profit $23.76M $22.47M
YoY Change 48.44% 62.08%
Gross Profit Margin 87.04% 89.85%
Selling, General & Admin $5.445M $4.552M
YoY Change 39.4% 20.55%
% of Gross Profit 22.92% 20.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.94M $13.40M
YoY Change 43.26% 65.43%
% of Gross Profit 58.66% 59.62%
Operating Expenses $19.38M $17.96M
YoY Change 42.16% 51.55%
Operating Profit $4.377M $4.515M
YoY Change 84.61% 123.96%
Interest Expense -$3.473M $3.017M
YoY Change 244.89% 237.09%
% of Operating Profit -79.35% 66.82%
Other Income/Expense, Net $95.00K -$2.874M
YoY Change -77.96% -371.13%
Pretax Income $2.850M $1.590M
YoY Change 35.46% -45.99%
Income Tax $40.00K $171.0K
% Of Pretax Income 1.4% 10.75%
Net Earnings $2.785M $1.403M
YoY Change 36.99% -52.34%
Net Earnings / Revenue 10.2% 5.61%
Basic Earnings Per Share $0.03
Diluted Earnings Per Share $0.05 $0.03
COMMON SHARES
Basic Shares Outstanding 54.88M shares 50.34M shares
Diluted Shares Outstanding 51.38M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.54M $16.19M
YoY Change 827.83% -41.43%
Cash & Equivalents $70.54M $16.19M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $7.167M $5.792M
Other Receivables $52.26M $50.36M
Total Short-Term Assets $130.0M $72.34M
YoY Change 926.08% 123.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.269B $1.190B
YoY Change 38.17% 53.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.55M $29.73M
YoY Change 771.2% 1527.04%
Total Long-Term Assets $1.476B $1.401B
YoY Change 39.78% 56.54%
TOTAL ASSETS
Total Short-Term Assets $130.0M $72.34M
Total Long-Term Assets $1.476B $1.401B
Total Assets $1.606B $1.474B
YoY Change 50.28% 58.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.394M $430.0K
YoY Change 232.7% -76.69%
Accrued Expenses $12.51M $13.65M
YoY Change -6.88% 167.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.91M $14.08M
YoY Change 0.37% 102.65%
LONG-TERM LIABILITIES
Long-Term Debt $494.2M $411.1M
YoY Change 107.36% 114.93%
Other Long-Term Liabilities $39.17M $38.97M
YoY Change 48.15% 59.99%
Total Long-Term Liabilities $533.4M $450.1M
YoY Change 101.44% 108.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.91M $14.08M
Total Long-Term Liabilities $533.4M $450.1M
Total Liabilities $547.3M $464.2M
YoY Change 96.42% 108.53%
SHAREHOLDERS EQUITY
Retained Earnings -$66.94M -$58.75M
YoY Change 90.6% 107.4%
Common Stock $580.0K $549.0K
YoY Change 31.22% 38.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.049B $999.8M
YoY Change
Total Liabilities & Shareholders Equity $1.606B $1.474B
YoY Change 50.28% 58.88%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $2.785M $1.403M
YoY Change 36.99% -52.34%
Depreciation, Depletion And Amortization $13.94M $13.40M
YoY Change 43.26% 65.43%
Cash From Operating Activities $11.94M $16.46M
YoY Change -2.7% 202.06%
INVESTING ACTIVITIES
Capital Expenditures $103.3M -$129.8M
YoY Change -164.44% 42.94%
Acquisitions
YoY Change
Other Investing Activities $16.16M $37.83M
YoY Change 640.85% 122.82%
Cash From Investing Activities -$87.17M -$91.94M
YoY Change -44.88% 24.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 129.6M 71.82M
YoY Change 2.97% 813.38%
NET CHANGE
Cash From Operating Activities 11.94M 16.46M
Cash From Investing Activities -87.17M -91.94M
Cash From Financing Activities 129.6M 71.82M
Net Change In Cash 54.35M -3.660M
YoY Change -371.21% -93.95%
FREE CASH FLOW
Cash From Operating Activities $11.94M $16.46M
Capital Expenditures $103.3M -$129.8M
Free Cash Flow -$91.39M $146.2M
YoY Change -152.94% 51.95%

Facts In Submission

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21436000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2063000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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15306000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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2949000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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26831000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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3118000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
95000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
287000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
153000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15157000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2854000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26544000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2965000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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789815000 usd
CY2022Q1 ntst Dividends Common Stock And Op Units
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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
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CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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362000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1045000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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6211000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1966000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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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
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1298000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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1338000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2010000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
909852000 usd
CY2022Q3 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
10176000 usd
CY2022Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
141000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
187000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1309000 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13887000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1419000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1009485000 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 Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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
CY2021Q3 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
8181000 usd
CY2021Q3 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
125000 usd
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
229000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1033000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
2944000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
704923000 usd
us-gaap Profit Loss
ProfitLoss
5395000 usd
us-gaap Profit Loss
ProfitLoss
1055000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36137000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21078000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
553000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
471000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2076000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1289000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3646000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2623000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2162000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2452000 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
3641000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3879000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
676000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2065000 usd
ntst Increase Decrease In Leasee Improvement Obligations
IncreaseDecreaseInLeaseeImprovementObligations
0 usd
ntst Increase Decrease In Leasee Improvement Obligations
IncreaseDecreaseInLeaseeImprovementObligations
1000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
936000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
4004000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38706000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19206000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
328986000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
292046000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
15492000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
9512000 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
3486000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
789000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
595000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
52000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13837000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
30436000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-381188000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271963000 usd
CY2022Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
4300000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
219019000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194161000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28549000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21493000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
316000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
859000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
154000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
29000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
365000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
399000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
13000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
200000000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
12000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 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
549000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
318000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1220000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
704000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3755000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
351069000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
187758000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8587000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-64999000 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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16190000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27644000 usd
us-gaap Interest Paid Net
InterestPaidNet
4345000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
14300000 usd
us-gaap Interest Paid Net
InterestPaidNet
2118000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
45000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
411000 usd
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
382000 usd
ntst Deferred Financing Costs Incurred But Not Yet Paid
DeferredFinancingCostsIncurredButNotYetPaid
0 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 usd
ntst Deferred Financing Costs Incurred But Not Yet Paid
DeferredFinancingCostsIncurredButNotYetPaid
88000 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
21436000 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
2063000 usd
ntst Involuntary Conversion Insurance Proceeds Receivable
InvoluntaryConversionInsuranceProceedsReceivable
0 usd
ntst Involuntary Conversion Insurance Proceeds Receivable
InvoluntaryConversionInsuranceProceedsReceivable
490000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
7913000 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
952000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
345000 usd
ntst Accrued Lease Incentives Incurred But Not Yet Received
AccruedLeaseIncentivesIncurredButNotYetReceived
1690000 usd
ntst Accrued Lease Incentives Incurred But Not Yet Received
AccruedLeaseIncentivesIncurredButNotYetReceived
0 usd
CY2022Q3 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
409 property
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
CY2022Q3 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 September 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 Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1000000.0 usd
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 periods presented in the condensed 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 facilities, amounts due under mortgage loans receivable, 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>
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1114000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13400000 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8100000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36100000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21100000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
9100000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
5600000 usd
us-gaap Depreciation
Depreciation
24400000 usd
us-gaap Depreciation
Depreciation
14500000 usd
CY2021Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2500000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
11700000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6500000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
3539000 usd
CY2022Q3 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
12 property
CY2021Q4 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1 property
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q3 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
0 property
CY2021Q3 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
0 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
0 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
3 property
CY2022Q3 ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
CY2021Q3 ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
3 property
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2022Q3 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 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 September 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 style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Mortgage Loans Receivable</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 loans receivable, which are mortgage loans secured by real estate, for long-term investment. Loans receivable 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 loans receivable 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>
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
14010000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
59661000 usd
CY2022Q3 ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
100000 usd
CY2021Q3 ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
100000 usd
ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
700000 usd
ntst Business Combination Dead Deal And Other Costs
BusinessCombinationDeadDealAndOtherCosts
500000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37460000 usd
CY2022Q3 us-gaap Variable Lease Income
VariableLeaseIncome
2086000 usd
CY2022Q3 ntst Number Of Retail Properties Owned
NumberOfRetailPropertiesOwned
406 property
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
CY2022Q3 ntst Number Of Distinct Tenants
NumberOfDistinctTenants
77 tenant
CY2022Q3 ntst Number Of Retail Sectors In Which Tenants Represent
NumberOfRetailSectorsInWhichTenantsRepresent
24 retail_sector
ntst Lessor Operating Lease Remaining Lease Term
LessorOperatingLeaseRemainingLeaseTerm
P9Y7M6D
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
21940000 usd
CY2021Q3 us-gaap Variable Lease Income
VariableLeaseIncome
1434000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
7004000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
3290000 usd
CY2022Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-444000 usd
CY2021Q3 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-182000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-1021000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-609000 usd
CY2022Q3 ntst Lease Incentives Income
LeaseIncentivesIncome
-131000 usd
CY2021Q3 ntst Lease Incentives Income
LeaseIncentivesIncome
-23000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-377000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-26000 usd
CY2022Q3 us-gaap Lease Income
LeaseIncome
24339000 usd
CY2021Q3 us-gaap Lease Income
LeaseIncome
15603000 usd
us-gaap Lease Income
LeaseIncome
67309000 usd
us-gaap Lease Income
LeaseIncome
41333000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
22429000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
90548000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
91527000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
90798000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
87941000 usd
CY2022Q3 ntst Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
503378000 usd
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
886621000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
135000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
0 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
406000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
33000 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
42000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4300000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5500000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
111000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
533000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
617000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
636000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
653000 usd
CY2022Q3 ntst Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3982000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
6532000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1001000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5531000 usd
CY2022Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0325
CY2022Q3 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
409 property
CY2022Q3 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
6 property
CY2022Q3 us-gaap Real Estate Investments
RealEstateInvestments
1400000000 usd
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
42 state
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
82 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
329000000.0 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
3200000 usd
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
92 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
292000000.0 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
3000000.0 usd
ntst Asset Acquisition Assumed Receivables
AssetAcquisitionAssumedReceivables
0 usd
ntst Asset Acquisition Assumed Receivables
AssetAcquisitionAssumedReceivables
44000 usd
ntst Asset Acquisition Additions
AssetAcquisitionAdditions
347673000 usd
ntst Asset Acquisition Additions
AssetAcquisitionAdditions
298598000 usd
ntst Asset Acquisition Below Market Lease
AssetAcquisitionBelowMarketLease
10734000 usd
ntst Asset Acquisition Below Market Lease
AssetAcquisitionBelowMarketLease
6552000 usd
ntst Asset Acquisition Noncurrent Liabilities Long Term Debt
AssetAcquisitionNoncurrentLiabilitiesLongTermDebt
7913000 usd
ntst Asset Acquisition Noncurrent Liabilities Long Term Debt
AssetAcquisitionNoncurrentLiabilitiesLongTermDebt
0 usd
ntst Asset Acquisition Accounts Payable And Accrued Liabilities
AssetAcquisitionAccountsPayableAndAccruedLiabilities
40000 usd
ntst Asset Acquisition Accounts Payable And Accrued Liabilities
AssetAcquisitionAccountsPayableAndAccruedLiabilities
0 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
328986000 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
292046000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
6 property
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
6 property
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
177353000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27996000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
149357000 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
CY2022Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
36143000 usd
CY2022Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4705000 usd
CY2022Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
31438000 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
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
644000 usd
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
20.20
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000.0 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4274000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2517000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11709000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6516000 usd
CY2022Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
787000 usd
CY2021Q3 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
528000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2024000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1332000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
313000 usd
CY2021Q3 ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
159000 usd
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
583000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4352000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16161000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15389000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14815000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13602000 usd
CY2022Q3 ntst Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
60034000 usd
CY2022Q3 ntst Finite Lived Intangible Assets Net Of Above Market Leases
FiniteLivedIntangibleAssetsNetOfAboveMarketLeases
124353000 usd
CY2022Q3 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
784000 usd
CY2022Q3 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
3075000 usd
CY2022Q3 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
3024000 usd
CY2022Q3 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
3002000 usd
CY2022Q3 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
2910000 usd
CY2022Q3 ntst Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
18643000 usd
CY2022Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
31438000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Remainder Of Fiscal Year
NetAdjustmentToRentalRevenueRemainderOfFiscalYear
262000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Year One
NetAdjustmentToRentalRevenueYearOne
988000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Year Two
NetAdjustmentToRentalRevenueYearTwo
941000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Year Three
NetAdjustmentToRentalRevenueYearThree
920000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Year Four
NetAdjustmentToRentalRevenueYearFour
829000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue After Year Four
NetAdjustmentToRentalRevenueAfterYearFour
2494000 usd
CY2022Q3 ntst Net Adjustment To Rental Revenue Net
NetAdjustmentToRentalRevenueNet
6434000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
413534000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
239000000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2431000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
670000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2871000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
796000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
408232000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
237534000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
153000 usd
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
101000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
354000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
302000 usd
CY2022Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
86000 usd
CY2021Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
56000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
199000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
169000 usd
CY2022Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
115000 usd
CY2021Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
218000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
38000 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
3017000 usd
CY2021Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
895000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
5708000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
2693000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
900000 usd
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
615000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3600000 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
5792000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2801000 usd
CY2022Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
3731000 usd
CY2021Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
2263000 usd
CY2022Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1717000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1473000 usd
CY2022Q3 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
4539000 usd
CY2021Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
853000 usd
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
25745000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
4309000 usd
CY2022Q3 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1153000 usd
CY2022Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2871000 usd
CY2021Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
796000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4326000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4581000 usd
CY2022Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2045000 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1657000 usd
CY2022Q3 us-gaap Interest Receivable
InterestReceivable
218000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
0 usd
CY2022Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1950000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
1003000 usd
CY2022Q3 us-gaap Other Assets
OtherAssets
54087000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
20351000 usd
CY2022Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
21200000 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
16980000 usd
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6898000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6254000 usd
CY2022Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
1221000 usd
CY2021Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
1742000 usd
CY2022Q3 us-gaap Advance Rent
AdvanceRent
3510000 usd
CY2021Q4 us-gaap Advance Rent
AdvanceRent
1918000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5531000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5442000 usd
CY2022Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
430000 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
419000 usd
CY2022Q3 us-gaap Other Liabilities
OtherLiabilities
3610000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
1205000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10068000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
28544000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
300000 usd
CY2022Q3 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
1400000 usd
CY2022Q3 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
1
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1419000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
2944000 usd
us-gaap Profit Loss
ProfitLoss
5395000 usd
us-gaap Profit Loss
ProfitLoss
1055000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
96000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
63000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1403000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2848000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5332000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1013000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
96000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
63000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
42000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1419000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2944000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5395000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1055000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50449735 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39559605 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47679870 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35359551 shares
CY2022Q3 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
514890 shares
CY2021Q3 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
1334571 shares
ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
530940 shares
ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
1462419 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
255613 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
439403 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
261727 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
286455 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
164520 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
184512 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51384758 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41333579 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48657049 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37108425 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03

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