2024 Q3 Form 10-Q Financial Statement

#000179810024000065 Filed on July 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $41.44M $39.57M
YoY Change 22.03% 25.09%
Cost Of Revenue $4.494M $3.982M
YoY Change 15.82% 12.8%
Gross Profit $36.95M $35.59M
YoY Change 22.84% 26.64%
Gross Profit Margin 89.16% 89.94%
Selling, General & Admin $4.287M $5.268M
YoY Change -16.43% 0.15%
% of Gross Profit 11.6% 14.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.44M $18.54M
YoY Change 29.35% 17.02%
% of Gross Profit 55.31% 52.11%
Operating Expenses $24.72M $23.81M
YoY Change 18.08% 12.82%
Operating Profit $12.23M $11.77M
YoY Change 33.75% 68.35%
Interest Expense -$7.965M -$7.604M
YoY Change -301.85% -237.73%
% of Operating Profit -65.15% -64.59%
Other Income/Expense, Net -$7.681M -$10.18M
YoY Change 139.58% 105.07%
Pretax Income -$5.320M -$2.294M
YoY Change -225.06% 178.4%
Income Tax $2.000K $12.00K
% Of Pretax Income
Net Earnings -$5.295M -$2.291M
YoY Change -225.62% 189.63%
Net Earnings / Revenue -12.78% -5.79%
Basic Earnings Per Share -$0.07 -$0.03
Diluted Earnings Per Share -$0.07 -$0.03
COMMON SHARES
Basic Shares Outstanding 77.38M shares 73.37M shares
Diluted Shares Outstanding 77.61M shares 73.59M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.85M $13.23M
YoY Change 227.22% 0.65%
Cash & Equivalents $28.75M $13.73M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $10.80M $11.14M
Other Receivables $155.8M $142.0M
Total Short-Term Assets $192.5M $166.3M
YoY Change 43.54% 20.66%
LONG-TERM ASSETS
Property, Plant & Equipment $1.749B $1.665B
YoY Change 18.25% 20.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $55.67M $75.25M
YoY Change 19.72% 68.77%
Total Long-Term Assets $1.993B $1.932B
YoY Change 15.27% 19.99%
TOTAL ASSETS
Total Short-Term Assets $192.5M $166.3M
Total Long-Term Assets $1.993B $1.932B
Total Assets $2.185B $2.098B
YoY Change 17.31% 20.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.028M $812.0K
YoY Change -74.3% -70.92%
Accrued Expenses $17.53M $17.63M
YoY Change -25.72% -12.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.56M $18.44M
YoY Change -32.76% -19.82%
LONG-TERM LIABILITIES
Long-Term Debt $780.1M $727.7M
YoY Change 36.5% 49.56%
Other Long-Term Liabilities $39.27M $33.95M
YoY Change 16.18% 1.08%
Total Long-Term Liabilities $819.4M $761.7M
YoY Change 35.37% 46.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.56M $18.44M
Total Long-Term Liabilities $819.4M $761.7M
Total Liabilities $837.9M $780.1M
YoY Change 32.38% 43.63%
SHAREHOLDERS EQUITY
Retained Earnings -$165.4M -$143.7M
YoY Change 65.41% 59.12%
Common Stock $816.0K $773.0K
YoY Change 18.78% 15.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.340B $1.310B
YoY Change
Total Liabilities & Shareholders Equity $2.185B $2.098B
YoY Change 17.31% 20.04%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$5.295M -$2.291M
YoY Change -225.62% 189.63%
Depreciation, Depletion And Amortization $20.44M $18.54M
YoY Change 29.35% 17.02%
Cash From Operating Activities $25.11M $25.37M
YoY Change 46.76% 29.5%
INVESTING ACTIVITIES
Capital Expenditures $118.8M $113.3M
YoY Change -0.2% 0.12%
Acquisitions
YoY Change
Other Investing Activities $3.389M $6.605M
YoY Change -2706.92% -160.45%
Cash From Investing Activities -$115.5M -$106.7M
YoY Change -3.14% -14.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 105.4M 72.75M
YoY Change 8.76% -34.5%
NET CHANGE
Cash From Operating Activities 25.11M 25.37M
Cash From Investing Activities -115.5M -106.7M
Cash From Financing Activities 105.4M 72.75M
Net Change In Cash 15.02M -8.608M
YoY Change -388.37% -231.54%
FREE CASH FLOW
Cash From Operating Activities $25.11M $25.37M
Capital Expenditures $118.8M $113.3M
Free Cash Flow -$93.74M -$87.96M
YoY Change -8.08% -6.02%

Facts In Submission

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8000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1252000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6388000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-792000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1204595000 usd
us-gaap Profit Loss
ProfitLoss
689000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36084000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30795000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1115000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
615000 usd
ntst Amortization Of Above And Below Market Assumed Debt
AmortizationOfAboveAndBelowMarketAssumedDebt
57000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1227000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3281000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2279000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1006000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
296000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2836000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
ntst Gain Loss On Involuntary Conversion Of Building And Improvements
GainLossOnInvoluntaryConversionOfBuildingAndImprovements
-905000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4285000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2227000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1481000 usd
CY2023Q2 ntst Dividends Common Stock And Op Units
DividendsCommonStockAndOPUnits
12275000 usd
CY2023Q2 us-gaap Dividends Share Based Compensation Cash
DividendsShareBasedCompensationCash
128000 usd
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1252000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6388000 usd
us-gaap Profit Loss
ProfitLoss
689000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36084000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30795000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1115000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
615000 usd
ntst Amortization Of Above And Below Market Assumed Debt
AmortizationOfAboveAndBelowMarketAssumedDebt
57000 usd
ntst Amortization Of Above And Below Market Assumed Debt
AmortizationOfAboveAndBelowMarketAssumedDebt
57000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1227000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
839000 usd
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
-1958000 usd
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2279000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1006000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
296000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7498000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-128000 usd
ntst Gain Loss On Involuntary Conversion Of Building And Improvements
GainLossOnInvoluntaryConversionOfBuildingAndImprovements
-905000 usd
ntst Gain Loss On Involuntary Conversion Of Building And Improvements
GainLossOnInvoluntaryConversionOfBuildingAndImprovements
47000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4285000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2227000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2192000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1628000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
0 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
1223000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37018000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34395000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
190764000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
163934000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
29996000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
19426000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
18021000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
61422000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
0 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
14000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1066000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
8000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
23000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
32542000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
19299000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
47000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203923000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-226525000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65324000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167439000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30073000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23823000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
188000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
203000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2192000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1628000 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
0 usd
ntst Payments For Lease Incentives
PaymentsForLeaseIncentives
1223000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37018000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34395000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
190764000 usd
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
163934000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
29996000 usd
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
19426000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
18021000 usd
ntst Payments For Investment In Mortgage Loan Receivable
PaymentsForInvestmentInMortgageLoanReceivable
61422000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
2338000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
0 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
14000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
23000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
32542000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
19299000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
47000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203923000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-226525000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
65324000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
167439000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30073000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23823000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
188000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
203000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
441000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
93000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
77000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
63000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
190000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
221000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
172000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
228000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1229000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
368000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
614000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
185000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
977000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
150702000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134727000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16203000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57403000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29929000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70543000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13726000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13140000 usd
us-gaap Interest Paid Net
InterestPaidNet
13437000 usd
us-gaap Interest Paid Net
InterestPaidNet
8045000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-8000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
477000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
441000 usd
ntst Payments Of Restricted Stock Dividends
PaymentsOfRestrictedStockDividends
93000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
77000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
63000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
190000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
221000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
172000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
228000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000 usd
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
368000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
614000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
185000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
977000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
150702000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134727000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16203000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57403000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29929000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
70543000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13726000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13140000 usd
us-gaap Interest Paid Net
InterestPaidNet
13437000 usd
us-gaap Interest Paid Net
InterestPaidNet
8045000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-8000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
477000 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
139000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
250000 usd
ntst Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
22000 usd
ntst Loan Origination Fees On Mortgage Loans Receivable Accrued Not Yet Received
LoanOriginationFeesOnMortgageLoansReceivableAccruedNotYetReceived
200000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2657000 usd
CY2024Q2 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
649 property
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
CY2024Q2 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
12 property
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. Actual results could differ from those estimates.</span></div>
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
139000 usd
CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
250000 usd
ntst Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
22000 usd
ntst Deferred Offering Costs Incurred But Not Yet Paid
DeferredOfferingCostsIncurredButNotYetPaid
121000 usd
ntst Loan Origination Fees On Mortgage Loans Receivable Accrued Not Yet Received
LoanOriginationFeesOnMortgageLoansReceivableAccruedNotYetReceived
200000 usd
ntst Loan Origination Fees On Mortgage Loans Receivable Accrued Not Yet Received
LoanOriginationFeesOnMortgageLoansReceivableAccruedNotYetReceived
0 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
10666000 usd
ntst Noncash Investing And Financing Activities Unrealized Gain Loss On Derivatives
NoncashInvestingAndFinancingActivitiesUnrealizedGainLossOnDerivatives
409000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2657000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3858000 usd
CY2024Q2 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
649 property
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
CY2024Q2 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
12 property
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. Actual results could differ from those estimates.</span></div>
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2836000 usd
CY2024Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
5 property
CY2023Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
6 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
5 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
6 property
CY2024Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
CY2023Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
7 property
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
11500000 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%">Concentrations of Credit Risk</span></div>
us-gaap Asset Impairment Charges
AssetImpairmentCharges
7498000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2836000 usd
CY2024Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
5 property
CY2023Q2 ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
6 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
5 property
ntst Number Of Properties Impaired
NumberOfPropertiesImpaired
6 property
CY2024Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
1 property
CY2023Q2 ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
7 property
ntst Number Of Properties Sold
NumberOfPropertiesSold
0 property
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
500000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
11500000 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%">Concentrations of Credit Risk</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
ntst Lessor Operating Lease Remaining Lease Term
LessorOperatingLeaseRemainingLeaseTerm
P9Y6M
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
33788000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
26808000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
65653000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
51531000 usd
CY2024Q2 us-gaap Variable Lease Income
VariableLeaseIncome
2978000 usd
CY2023Q2 us-gaap Variable Lease Income
VariableLeaseIncome
2715000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
6207000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
6252000 usd
CY2024Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-287000 usd
CY2023Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-377000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-573000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-789000 usd
CY2024Q2 ntst Lease Incentives Income
LeaseIncentivesIncome
-189000 usd
CY2023Q2 ntst Lease Incentives Income
LeaseIncentivesIncome
-193000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-380000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-392000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
36864000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
29707000 usd
us-gaap Lease Income
LeaseIncome
72053000 usd
us-gaap Lease Income
LeaseIncome
58180000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
ntst Lessor Operating Lease Remaining Lease Term
LessorOperatingLeaseRemainingLeaseTerm
P9Y6M
CY2024Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
33788000 usd
CY2023Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
26808000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
65653000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
51531000 usd
CY2024Q2 us-gaap Variable Lease Income
VariableLeaseIncome
2978000 usd
CY2023Q2 us-gaap Variable Lease Income
VariableLeaseIncome
2715000 usd
us-gaap Variable Lease Income
VariableLeaseIncome
6207000 usd
CY2024Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-287000 usd
CY2023Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-377000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-789000 usd
CY2023Q2 ntst Lease Incentives Income
LeaseIncentivesIncome
-193000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-380000 usd
ntst Lease Incentives Income
LeaseIncentivesIncome
-392000 usd
CY2024Q2 us-gaap Lease Income
LeaseIncome
36864000 usd
CY2023Q2 us-gaap Lease Income
LeaseIncome
29707000 usd
us-gaap Lease Income
LeaseIncome
72053000 usd
us-gaap Lease Income
LeaseIncome
58180000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
66247000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
132701000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
66247000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
132701000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
130639000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
127206000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
120591000 usd
CY2024Q2 ntst Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
736410000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1313794000 usd
CY2024Q2 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
12 property
CY2024Q2 us-gaap Real Estate Investments
RealEstateInvestments
2000000000 usd
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
46 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
190800000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1800000 usd
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
48 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
163900000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1700000 usd
CY2024Q2 ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
95611000 usd
CY2023Q2 ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
96217000 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
190764000 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
163934000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
8 property
CY2024Q2 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
12000000.0 usd
ntst Number Of Properties Developed
NumberOfPropertiesDeveloped
14 property
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
35300000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
8 property
ntst Land Acquisition Number Of Properties Acquired
LandAcquisitionNumberOfPropertiesAcquired
20 property
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
130174000 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
114530000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
20000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
130639000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
127206000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
120591000 usd
CY2024Q2 ntst Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
736410000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1313794000 usd
CY2024Q2 ntst Number Of Properties Owned Or Invested
NumberOfPropertiesOwnedOrInvested
649 property
CY2024Q2 ntst Number Of Properties Under Development
NumberOfPropertiesUnderDevelopment
12 property
CY2024Q2 us-gaap Real Estate Investments
RealEstateInvestments
2000000000 usd
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
45 state
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
46 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
190800000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1800000 usd
ntst Asset Acquisition Number Of Properties Acquired
AssetAcquisitionNumberOfPropertiesAcquired
48 property
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
163900000 usd
us-gaap Asset Acquisition Consideration Transferred Transaction Cost
AssetAcquisitionConsiderationTransferredTransactionCost
1700000 usd
CY2024Q2 ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
95611000 usd
CY2023Q2 ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
96217000 usd
ntst Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
163934000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
8 property
CY2024Q2 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
12000000.0 usd
ntst Number Of Properties Developed
NumberOfPropertiesDeveloped
14 property
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
35300000 usd
ntst Number Of Property Developments Under Construction
NumberOfPropertyDevelopmentsUnderConstruction
8 property
ntst Land Acquisition Number Of Properties Acquired
LandAcquisitionNumberOfPropertiesAcquired
20 property
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
300000 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
130174000 usd
CY2023Q4 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
114530000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
20000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
58000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
252000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
116000 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
129941000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
114472000 usd
CY2024Q2 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
25 property
CY2023Q4 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
23 property
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
58000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
252000 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
116000 usd
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
129941000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
114472000 usd
CY2024Q2 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
25 property
CY2023Q4 ntst Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
23 property
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
222103000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59830000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162273000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
212221000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
50867000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161354000 usd
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
33062000 usd
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
9186000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
23876000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
33196000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
7843000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
25353000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1551000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
98000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
222103000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59830000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162273000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
212221000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
50867000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
161354000 usd
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
33062000 usd
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
9186000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
23876000 usd
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
33196000 usd
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
7843000 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
25353000 usd
CY2024Q2 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
380000 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1551000 usd
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
193000 usd
ntst Net Adjustment To Rental Revenue
NetAdjustmentToRentalRevenue
397000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
1394000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2771000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
2681000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
2610000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
2478000 usd
CY2024Q2 ntst Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
11942000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
23876000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Remainder Of Fiscal Year
NetAdjustmentToRentalRevenueRemainderOfFiscalYear
191000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year One
NetAdjustmentToRentalRevenueYearOne
365000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year Three
NetAdjustmentToRentalRevenueYearThree
347000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year Four
NetAdjustmentToRentalRevenueYearFour
290000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue After Year Four
NetAdjustmentToRentalRevenueAfterYearFour
-1018000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Net
NetAdjustmentToRentalRevenueNet
473000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
613361000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3566000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1942000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Remainder Of Fiscal Year
BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear
1394000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
2771000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
2681000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
2610000 usd
CY2024Q2 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
2478000 usd
CY2024Q2 ntst Below Market Lease Amortization Income After Year Four
BelowMarketLeaseAmortizationIncomeAfterYearFour
11942000 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
23876000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Remainder Of Fiscal Year
NetAdjustmentToRentalRevenueRemainderOfFiscalYear
191000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year One
NetAdjustmentToRentalRevenueYearOne
365000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year Two
NetAdjustmentToRentalRevenueYearTwo
298000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year Three
NetAdjustmentToRentalRevenueYearThree
347000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Year Four
NetAdjustmentToRentalRevenueYearFour
290000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue After Year Four
NetAdjustmentToRentalRevenueAfterYearFour
-1018000 usd
CY2024Q2 ntst Net Adjustment To Rental Revenue Net
NetAdjustmentToRentalRevenueNet
473000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
731284000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
613361000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3546000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3566000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1942000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
726167000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
607853000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
186000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
186000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
423000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
371000 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
401000 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
150000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
607853000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
186000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
186000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
371000 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
401000 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
150000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
749000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
301000 usd
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
226000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
150000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
579000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
284000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
7604000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5521000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
13784000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
9465000 usd
CY2023Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
4 derivative
CY2023Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
4 derivative
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
749000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
301000 usd
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
226000 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
150000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
579000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
284000 usd
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
7604000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
5521000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
13784000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
9465000 usd
CY2023Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
4 derivative
CY2023Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
4 derivative
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
11143000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10074000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
9469000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
7744000 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3834000 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
11143000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10074000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
9469000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
7744000 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3834000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1387000 usd
CY2024Q2 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
464000 usd
CY2023Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
450000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
22035000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
14442000 usd
CY2024Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
1244000 usd
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30073000 usd
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OPUnitConversionRatio
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CY2024Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
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CY2024Q2 ntst Op Unit Conversion Ratio
OPUnitConversionRatio
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ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
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OPUnitConversionRatio
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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ProfitLoss
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAvailableToCommonStockholdersBasic
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NetIncomeLossAvailableToCommonStockholdersBasic
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681000 usd
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73419198 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
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CY2023Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
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ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
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ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
IncrementalCommonSharesAttributableToDilutiveEffectOfOPUnits
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
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us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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61043531 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q2 ntst Tenant Improvement Allowance Commitment
TenantImprovementAllowanceCommitment
4100000 usd
CY2024Q2 ntst Tenant Improvement Allowance Commitment Period
TenantImprovementAllowanceCommitmentPeriod
P2Y
CY2024Q2 ntst Expected Investment In Real Estate Assets
ExpectedInvestmentInRealEstateAssets
16100000 usd
ntst Expected Investment In Real Estate Assets Period
ExpectedInvestmentInRealEstateAssetsPeriod
P18M
CY2024Q2 ntst Commitments To Extend Mortgage Notes Receivable
CommitmentsToExtendMortgageNotesReceivable
15300000 usd
ntst Commitments To Extend Mortgage Notes Receivable Period
CommitmentsToExtendMortgageNotesReceivablePeriod
P12M
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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8000 usd
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-792000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1254000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
689000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73588605 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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61043531 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
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0 shares
CY2023Q2 ntst Incremental Common Shares Attributable To Dilutive Effect Of Op Units
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0 shares
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
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509588 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
164322 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
20194 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73588605 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61043531 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73419198 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60294734 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2024Q2 ntst Tenant Improvement Allowance Commitment
TenantImprovementAllowanceCommitment
4100000 usd
CY2024Q2 ntst Tenant Improvement Allowance Commitment Period
TenantImprovementAllowanceCommitmentPeriod
P2Y
CY2024Q2 ntst Expected Investment In Real Estate Assets
ExpectedInvestmentInRealEstateAssets
16100000 usd
ntst Expected Investment In Real Estate Assets Period
ExpectedInvestmentInRealEstateAssetsPeriod
P18M
CY2024Q2 ntst Commitments To Extend Mortgage Notes Receivable
CommitmentsToExtendMortgageNotesReceivable
15300000 usd
ntst Commitments To Extend Mortgage Notes Receivable Period
CommitmentsToExtendMortgageNotesReceivablePeriod
P12M

Files In Submission

Name View Source Status
ntst-20240630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ntst-20240630_cal.xml Edgar Link unprocessable
ntst-20240630_def.xml Edgar Link unprocessable
ntst-20240630_lab.xml Edgar Link unprocessable
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