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NETSTREIT (NTST) Financials

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$16.11 -0.10 (-0.62%)
As of 03:58 PM Eastern
Annual Income Statements for NETSTREIT

Annual Income Statements for NETSTREIT

This table shows NETSTREIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-8.07 0.69 3.05 8.12 6.84 -12
Consolidated Net Income / (Loss)
-8.07 0.21 3.15 8.21 6.89 -12
Net Income / (Loss) Continuing Operations
-8.07 0.21 3.15 8.21 6.89 -12
Total Pre-Tax Income
-8.07 0.21 3.21 8.60 6.84 -12
Total Operating Income
-2.95 -1.50 3.48 14 24 18
Total Gross Profit
20 34 53 96 132 163
Total Revenue
20 34 59 96 132 163
Operating Revenue
20 34 59 96 132 163
Total Cost of Revenue
0.00 0.00 5.80 0.00 0.00 0.00
Total Operating Expenses
23 35 50 83 108 144
Selling, General & Admin Expense
3.56 11 15 19 20 20
Depreciation Expense
10 15 31 50 64 77
Other Operating Expenses / (Income)
1.65 5.74 0.70 13 17 18
Impairment Charge
7.19 2.69 3.54 1.11 7.08 30
Total Other Income / (Expense), net
-5.07 1.71 -0.27 -4.90 -17 -30
Interest Expense
11 4.74 3.70 9.18 19 30
Other Income / (Expense), net
5.65 6.45 3.43 4.28 1.93 -0.07
Income Tax Expense
0.00 0.00 0.06 0.40 -0.05 0.05
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 -0.52 0.10 0.09 0.05 -0.06
Basic Earnings per Share
$0.00 $0.04 $0.08 $0.16 $0.11 ($0.16)
Weighted Average Basic Shares Outstanding
0.00 17.32M 37.00M 49.52M 63.92M 76.52M
Diluted Earnings per Share
$0.00 $0.01 $0.08 $0.16 $0.11 ($0.16)
Weighted Average Diluted Shares Outstanding
0.00 21.16M 38.67M 50.43M 64.67M 76.52M
Weighted Average Basic & Diluted Shares Outstanding
- 28.39M 44.24M 58.03M 73.22M 81.66M
Cash Dividends to Common per Share
- $0.30 $0.80 $0.80 $0.81 $0.83

Quarterly Income Statements for NETSTREIT

This table shows NETSTREIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
1.40 2.79 1.47 -0.79 4.22 1.94 1.05 -2.29 -5.30 -5.40
Consolidated Net Income / (Loss)
1.42 2.81 1.48 -0.79 4.24 1.96 1.05 -2.31 -5.32 -5.42
Net Income / (Loss) Continuing Operations
1.42 2.81 1.48 -0.79 4.24 1.96 1.05 -2.31 -5.32 -5.42
Total Pre-Tax Income
1.59 2.85 1.44 -0.82 4.25 1.97 1.07 -2.29 -5.32 -5.41
Total Operating Income
4.46 4.24 5.55 4.14 7.46 6.95 6.53 7.89 2.36 1.66
Total Gross Profit
25 27 26 32 34 41 34 40 41 48
Total Revenue
25 27 29 32 34 37 38 40 41 44
Operating Revenue
25 27 29 32 34 37 38 40 41 44
Total Cost of Revenue
0.00 - 3.94 0.00 0.00 -3.94 4.10 0.00 0.00 -4.10
Total Operating Expenses
21 23 20 27 27 34 27 32 39 47
Selling, General & Admin Expense
4.55 5.45 4.91 5.26 5.13 4.87 5.71 5.27 4.29 4.46
Depreciation Expense
13 14 15 16 16 17 18 19 20 20
Other Operating Expenses / (Income)
2.59 3.67 0.11 3.55 4.03 9.19 0.13 4.03 4.52 9.10
Impairment Charge
0.00 - 0.00 2.84 1.54 2.71 3.66 3.84 9.84 13
Total Other Income / (Expense), net
-2.87 -1.39 -4.11 -4.97 -3.21 -4.98 -5.46 -10 -7.68 -7.06
Interest Expense
3.02 3.47 3.94 5.65 3.95 5.65 6.18 7.60 7.97 8.58
Other Income / (Expense), net
0.14 2.08 -0.17 0.68 0.74 0.67 0.72 -2.58 0.28 1.51
Income Tax Expense
0.17 0.04 -0.04 -0.03 0.02 0.01 0.02 0.01 0.00 0.02
Net Income / (Loss) Attributable to Noncontrolling Interest
0.02 0.03 0.01 -0.00 0.02 0.02 0.01 -0.02 -0.03 -0.03
Basic Earnings per Share
$0.03 $0.05 $0.03 ($0.01) $0.06 $0.03 $0.01 ($0.03) ($0.07) ($0.07)
Weighted Average Basic Shares Outstanding
50.45M 49.52M 58.16M 61.04M 67.11M 63.92M 73.25M 73.59M 77.61M 76.52M
Diluted Earnings per Share
$0.03 $0.05 $0.03 ($0.01) $0.06 $0.03 $0.01 ($0.03) ($0.07) ($0.07)
Weighted Average Diluted Shares Outstanding
51.38M 50.43M 58.88M 61.04M 68.05M 64.67M 74.57M 73.59M 77.61M 76.52M
Weighted Average Basic & Diluted Shares Outstanding
54.88M 58.03M 60.86M 66.99M 68.70M 73.22M 73.37M 77.38M 81.58M 81.66M

Annual Cash Flow Statements for NETSTREIT

This table details how cash moves in and out of NETSTREIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-0.39 -77 -85 63 -41 -16
Net Cash From Operating Activities
5.99 13 31 51 80 90
Net Cash From Continuing Operating Activities
5.99 13 31 51 80 90
Net Income / (Loss) Continuing Operations
-8.07 0.21 3.15 8.21 6.89 -12
Consolidated Net Income / (Loss)
-8.07 0.21 3.15 8.21 6.89 -12
Depreciation Expense
10 15 31 50 64 77
Amortization Expense
1.01 0.62 0.63 0.89 -0.28 -1.45
Non-Cash Adjustments To Reconcile Net Income
3.14 -7.86 -3.78 -3.55 7.41 29
Changes in Operating Assets and Liabilities, net
-0.51 1.86 0.68 -4.98 2.46 -2.15
Net Cash From Investing Activities
76 -362 -430 -468 -452 -433
Net Cash From Continuing Investing Activities
76 -362 -430 -468 -452 -433
Purchase of Property, Plant & Equipment
0.00 -0.05 -0.73 -1.21 -0.04 -0.01
Purchase of Investments
-1.23 -409 -441 -425 -340 -479
Sale of Property, Plant & Equipment
- - 31 26 38 91
Other Investing Activities, net
-0.45 -1.57 -19 -68 -150 -45
Net Cash From Financing Activities
-82 273 314 481 331 327
Net Cash From Continuing Financing Activities
-82 273 314 481 331 327
Repayment of Debt
-78 -50 -86 -470 -397 -233
Repurchase of Common Equity
0.00 -0.14 -0.50 -1.48 -0.69 -1.50
Payment of Dividends
-5.62 -8.84 -31 -40 -52 -64
Issuance of Debt
0.71 50 150 715 511 492
Issuance of Common Equity
0.00 282 283 278 271 135
Other Financing Activities, net
0.54 -0.01 -1.73 -0.80 -1.03 -1.89
Cash Interest Paid
9.46 4.21 2.99 7.22 18 30
Cash Income Taxes Paid
- - 0.00 0.13 0.63 -0.03

Quarterly Cash Flow Statements for NETSTREIT

This table details how cash moves in and out of NETSTREIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-3.66 54 -64 6.54 -5.21 22 -7.60 -8.61 15 -14
Net Cash From Operating Activities
16 12 15 20 17 29 12 25 25 28
Net Cash From Continuing Operating Activities
16 12 15 20 17 29 12 25 25 28
Net Income / (Loss) Continuing Operations
1.42 2.81 1.48 -0.79 4.24 1.96 1.05 -2.31 -5.32 -5.42
Consolidated Net Income / (Loss)
1.42 2.81 1.48 -0.79 4.24 1.96 1.05 -2.31 -5.32 -5.42
Depreciation Expense
13 14 15 16 16 17 18 19 20 20
Amortization Expense
0.24 0.34 0.34 0.34 -0.56 -0.40 -0.39 -0.39 -0.40 -0.26
Non-Cash Adjustments To Reconcile Net Income
-0.03 -3.13 0.33 2.51 1.90 2.67 4.25 5.20 9.91 9.52
Changes in Operating Assets and Liabilities, net
1.42 -2.01 -2.29 1.69 -4.28 7.33 -11 4.32 0.49 3.85
Net Cash From Investing Activities
-92 -87 -102 -124 -119 -106 -97 -107 -115 -113
Net Cash From Continuing Investing Activities
-92 -87 -102 -124 -119 -106 -97 -107 -115 -113
Purchase of Property, Plant & Equipment
-8.07 15 0.00 -19 -28 48 -0.01 -30 -7.31 37
Purchase of Investments
-122 -96 -68 -96 -91 -86 -95 -96 -112 -177
Sale of Property, Plant & Equipment
1.66 12 15 3.84 5.43 14 20 12 10 48
Other Investing Activities, net
36 -18 -50 -12 -5.56 -82 -23 6.81 -6.91 -22
Net Cash From Financing Activities
72 130 24 111 97 100 78 73 105 71
Net Cash From Continuing Financing Activities
72 130 24 111 97 100 78 73 105 71
Repayment of Debt
-331 -67 -116 -113 -133 -35 -87 -85 -9.04 -52
Repurchase of Common Equity
-0.71 0.29 -0.38 -0.18 -0.28 0.14 -1.49 -0.35 -0.35 0.70
Payment of Dividends
-10 -11 -12 -12 -14 -14 -15 -15 -16 -17
Issuance of Debt
320 150 99 122 217 73 182 108 61 141
Other Financing Activities, net
-0.05 -1.26 -0.09 -0.00 -0.06 -0.88 -0.38 -0.06 -0.05 -1.40
Cash Interest Paid
2.00 2.87 3.64 4.40 4.73 5.56 6.54 6.90 9.34 7.52
Cash Income Taxes Paid
- 0.08 - - 0.10 0.05 - - 0.04 -0.06

Annual Balance Sheets for NETSTREIT

This table presents NETSTREIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Total Assets
434 726 1,068 1,606 1,946 2,259
Total Current Assets
8.53 15 2.10 23 52 49
Inventories, net
- 15 2.10 23 52 49
Plant, Property, & Equipment, net
224 538 914 1,263 1,539 1,834
Plant, Property & Equipment, gross
224 548 944 1,325 1,640 1,978
Accumulated Depreciation
0.13 10 31 63 101 143
Total Noncurrent Assets
201 173 153 320 355 376
Noncurrent Note & Lease Receivables
- - 0.00 46 114 139
Intangible Assets
29 75 125 151 161 164
Other Noncurrent Operating Assets
173 98 28 123 79 73
Total Liabilities & Shareholders' Equity
434 726 1,068 1,606 1,946 2,259
Total Liabilities
181 198 279 547 673 921
Total Current Liabilities
2.91 6.31 17 23 36 30
Accounts Payable
2.72 6.31 17 23 36 30
Total Noncurrent Liabilities
179 191 262 525 636 892
Long-Term Debt
174 174 238 494 610 869
Other Noncurrent Operating Liabilities
4.67 17 23 30 25 20
Other Noncurrent Nonoperating Liabilities
- 0.40 0.00 0.41 1.16 1.91
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
252 528 790 1,058 1,273 1,338
Total Preferred & Common Equity
165 494 779 1,049 1,265 1,331
Total Common Equity
165 494 779 1,049 1,265 1,331
Common Stock
165 501 810 1,092 1,368 1,509
Retained Earnings
0.03 -7.46 -35 -67 -112 -188
Accumulated Other Comprehensive Income / (Loss)
0.00 0.24 4.12 24 8.94 10
Noncontrolling Interest
88 34 11 9.59 8.53 7.16

Quarterly Balance Sheets for NETSTREIT

This table presents NETSTREIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
1,474 1,627 1,748 1,863 2,026 2,098 2,185
Total Current Assets
40 5.80 38 39 59 68 46
Inventories, net
24 5.80 38 39 59 68 46
Plant, Property, & Equipment, net
1,184 1,318 1,374 1,474 1,593 1,660 1,744
Plant, Property & Equipment, gross
1,237 1,391 1,455 1,565 1,703 1,782 1,881
Accumulated Depreciation
53 73 81 91 111 122 137
Total Noncurrent Assets
250 303 335 350 374 370 395
Noncurrent Note & Lease Receivables
46 92 108 109 125 130 142
Intangible Assets
149 154 158 164 166 162 165
Other Noncurrent Operating Assets
54 57 70 77 84 78 88
Total Liabilities & Shareholders' Equity
1,474 1,627 1,748 1,863 2,026 2,098 2,185
Total Liabilities
464 532 543 633 756 780 838
Total Current Liabilities
21 121 135 76 26 27 34
Accounts Payable
21 25 29 34 26 27 34
Total Noncurrent Liabilities
443 411 408 557 730 753 804
Long-Term Debt
411 381 381 530 704 728 780
Other Noncurrent Operating Liabilities
31 29 27 27 25 24 23
Other Noncurrent Nonoperating Liabilities
0.42 0.03 0.08 1.02 1.11 1.14 0.73
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,009 1,096 1,205 1,230 1,269 1,318 1,347
Total Preferred & Common Equity
1,000 1,086 1,195 1,221 1,261 1,310 1,340
Total Common Equity
999 1,086 1,195 1,221 1,261 1,310 1,340
Common Stock
1,033 1,146 1,262 1,290 1,369 1,436 1,508
Retained Earnings
-59 -77 -90 -100 -126 -144 -165
Accumulated Other Comprehensive Income / (Loss)
25 18 24 30 18 18 -2.45
Noncontrolling Interest
9.71 9.35 9.29 8.91 8.36 7.65 7.21

Annual Metrics and Ratios for NETSTREIT

This table displays calculated financial ratios and metrics derived from NETSTREIT's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 69.82% 75.35% 62.80% 37.00% 23.41%
EBITDA Growth
0.00% 48.87% 82.30% 79.30% 30.08% 4.89%
EBIT Growth
0.00% 83.78% 39.49% 157.37% 46.37% -29.41%
NOPAT Growth
0.00% 27.39% 327.80% 276.98% 88.43% -46.82%
Net Income Growth
0.00% 102.63% 1,385.85% 160.48% -16.03% -274.17%
EPS Growth
0.00% 0.00% 700.00% 100.00% -31.25% -245.45%
Operating Cash Flow Growth
0.00% 0.00% 0.00% 60.90% 58.26% 12.49%
Free Cash Flow Firm Growth
0.00% 0.00% -12.61% -58.93% 40.02% -1.67%
Invested Capital Growth
0.00% 68.08% 46.34% 51.05% 21.34% 17.25%
Revenue Q/Q Growth
0.00% 0.00% 7.32% 13.99% 7.82% 4.65%
EBITDA Q/Q Growth
0.00% 0.00% -0.59% 16.88% 4.32% -1.10%
EBIT Q/Q Growth
0.00% 0.00% -40.22% 45.22% 5.24% -19.50%
NOPAT Q/Q Growth
0.00% 0.00% -13.22% 48.91% 13.18% -22.29%
Net Income Q/Q Growth
0.00% 0.00% -43.40% 9.55% -10.96% -160.08%
EPS Q/Q Growth
0.00% 0.00% -70.37% -5.88% -15.38% -166.67%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% -0.65% 26.32% -0.67%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -2.41% 18.36% -1.00%
Invested Capital Q/Q Growth
0.00% 0.00% 14.72% 10.55% 4.55% 3.82%
Profitability Metrics
- - - - - -
Gross Margin
100.00% 100.00% 90.19% 100.00% 100.00% 100.00%
EBITDA Margin
71.14% 62.36% 64.83% 71.41% 67.79% 57.62%
Operating Margin
-14.86% -4.45% 5.89% 14.02% 18.27% 11.33%
EBIT Margin
13.57% 14.69% 11.68% 18.47% 19.73% 11.29%
Profit (Net Income) Margin
-40.64% 0.63% 5.33% 8.52% 5.22% -7.37%
Tax Burden Percent
100.00% 100.00% 98.16% 95.40% 100.72% 100.41%
Interest Burden Percent
-299.52% 4.28% 46.45% 48.37% 26.28% -65.05%
Effective Tax Rate
0.00% 0.00% 1.84% 4.60% -0.72% 0.00%
Return on Invested Capital (ROIC)
-0.49% -0.27% 0.39% 1.00% 1.41% 0.63%
ROIC Less NNEP Spread (ROIC-NNEP)
-4.12% 0.74% 0.27% -0.28% -1.73% -2.73%
Return on Net Nonoperating Assets (RNNOA)
-2.70% 0.32% 0.08% -0.11% -0.82% -1.55%
Return on Equity (ROE)
-3.20% 0.05% 0.48% 0.89% 0.59% -0.92%
Cash Return on Invested Capital (CROIC)
0.00% -51.06% -37.23% -39.67% -17.87% -15.25%
Operating Return on Assets (OROA)
0.62% 0.85% 0.77% 1.33% 1.47% 0.87%
Return on Assets (ROA)
-1.86% 0.04% 0.35% 0.61% 0.39% -0.57%
Return on Common Equity (ROCE)
-2.08% 0.05% 0.46% 0.88% 0.59% -0.91%
Return on Equity Simple (ROE_SIMPLE)
-4.91% 0.04% 0.40% 0.78% 0.54% -0.90%
Net Operating Profit after Tax (NOPAT)
-2.07 -1.50 3.42 13 24 13
NOPAT Margin
-10.40% -4.45% 5.78% 13.38% 18.40% 7.93%
Net Nonoperating Expense Percent (NNEP)
3.63% -1.01% 0.13% 1.28% 3.14% 3.36%
Return On Investment Capital (ROIC_SIMPLE)
- - - 0.83% 1.29% 0.58%
Cost of Revenue to Revenue
0.00% 0.00% 9.81% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
17.90% 33.62% 25.04% 19.79% 15.30% 12.12%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
114.86% 104.45% 84.30% 85.98% 81.73% 88.67%
Earnings before Interest and Taxes (EBIT)
2.70 4.95 6.91 18 26 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
14 21 38 69 89 94
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
1.37 0.95 1.04 0.87 0.92 0.87
Price to Tangible Book Value (P/TBV)
1.66 1.12 1.24 1.02 1.06 0.99
Price to Revenue (P/Rev)
11.33 13.95 13.74 9.48 8.85 7.09
Price to Earnings (P/E)
0.00 683.94 266.75 112.45 170.70 0.00
Dividend Yield
0.00% 1.78% 3.90% 4.81% 4.77% 5.87%
Earnings Yield
0.00% 0.15% 0.37% 0.89% 0.59% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.16 0.97 1.03 0.91 0.95 0.92
Enterprise Value to Revenue (EV/Rev)
24.51 20.12 17.95 14.71 13.54 12.48
Enterprise Value to EBITDA (EV/EBITDA)
34.46 32.27 27.68 20.61 19.97 21.65
Enterprise Value to EBIT (EV/EBIT)
180.64 137.01 153.64 79.66 68.60 110.54
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 310.65 109.97 73.56 157.34
Enterprise Value to Operating Cash Flow (EV/OCF)
81.28 0.00 33.72 27.97 22.27 22.53
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - -
Debt to Equity
0.69 0.33 0.30 0.47 0.48 0.65
Long-Term Debt to Equity
0.69 0.33 0.30 0.47 0.48 0.65
Financial Leverage
0.66 0.44 0.31 0.40 0.47 0.57
Leverage Ratio
1.72 1.49 1.36 1.45 1.52 1.61
Compound Leverage Factor
-5.15 0.06 0.63 0.70 0.40 -1.05
Debt to Total Capital
40.79% 24.80% 23.18% 31.83% 32.38% 39.39%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
40.79% 24.80% 23.18% 31.83% 32.38% 39.39%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
20.62% 4.84% 1.04% 0.62% 0.45% 0.32%
Common Equity to Total Capital
38.59% 70.33% 75.78% 67.55% 67.17% 60.29%
Debt to EBITDA
12.31 8.28 6.22 7.19 6.82 9.27
Net Debt to EBITDA
12.31 8.28 6.22 7.19 6.82 9.27
Long-Term Debt to EBITDA
12.31 8.28 6.22 7.19 6.82 9.27
Debt to NOPAT
-84.19 -116.07 69.75 38.37 25.12 67.35
Net Debt to NOPAT
-84.19 -116.07 69.75 38.37 25.12 67.35
Long-Term Debt to NOPAT
-84.19 -116.07 69.75 38.37 25.12 67.35
Altman Z-Score
0.83 1.50 1.76 1.04 1.08 0.74
Noncontrolling Interest Sharing Ratio
34.82% 15.65% 3.41% 1.10% 0.78% 0.60%
Liquidity Ratios
- - - - - -
Current Ratio
2.94 2.35 0.12 1.03 1.44 1.64
Quick Ratio
0.00 0.00 0.00 0.00 0.00 0.00
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -286 -322 -512 -307 -312
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 -60.34 -87.07 -55.77 -16.01 -10.30
Operating Cash Flow to Interest Expense
0.56 0.00 8.51 5.52 4.18 2.97
Operating Cash Flow Less CapEx to Interest Expense
0.56 0.00 16.72 8.16 6.18 5.97
Efficiency Ratios
- - - - - -
Asset Turnover
0.05 0.06 0.07 0.07 0.07 0.08
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.69 0.00 0.00 0.00
Fixed Asset Turnover
0.09 0.09 0.08 0.09 0.09 0.10
Accounts Payable Turnover
0.00 0.00 0.50 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 531.43 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 732.39 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 -200.96 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - -
Invested Capital
418 703 1,028 1,553 1,884 2,210
Invested Capital Turnover
0.05 0.06 0.07 0.07 0.08 0.08
Increase / (Decrease) in Invested Capital
0.00 285 326 525 331 325
Enterprise Value (EV)
487 679 1,061 1,417 1,785 2,031
Market Capitalization
225 471 813 913 1,167 1,154
Book Value per Share
$13.16 $17.65 $19.66 $19.11 $18.41 $16.31
Tangible Book Value per Share
$10.86 $14.97 $16.51 $16.36 $16.06 $14.30
Total Capital
426 702 1,028 1,553 1,883 2,208
Total Debt
174 174 238 494 610 869
Total Long-Term Debt
174 174 238 494 610 869
Net Debt
174 174 238 494 610 869
Capital Expenditures (CapEx)
0.00 0.05 -30 -24 -38 -91
Debt-free, Cash-free Net Working Capital (DFCFNWC)
5.63 8.49 -15 0.67 16 19
Debt-free Net Working Capital (DFNWC)
5.63 8.49 -15 0.67 16 19
Net Working Capital (NWC)
5.63 8.49 -15 0.67 16 19
Net Nonoperating Expense (NNE)
6.01 -1.71 0.27 4.68 17 25
Net Nonoperating Obligations (NNO)
166 175 238 495 611 871
Total Depreciation and Amortization (D&A)
11 16 31 51 63 75
Debt-free, Cash-free Net Working Capital to Revenue
28.33% 25.18% -25.17% 0.69% 12.09% 11.66%
Debt-free Net Working Capital to Revenue
28.33% 25.18% -25.17% 0.69% 12.09% 11.66%
Net Working Capital to Revenue
28.33% 25.18% -25.17% 0.69% 12.09% 11.66%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.04 $0.08 $0.16 $0.11 ($0.16)
Adjusted Weighted Average Basic Shares Outstanding
0.00 17.32M 37.00M 49.52M 63.92M 76.52M
Adjusted Diluted Earnings per Share
$0.00 $0.01 $0.08 $0.16 $0.11 ($0.16)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 21.16M 38.67M 50.43M 64.67M 76.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 28.39M 44.24M 58.03M 73.22M 81.66M
Normalized Net Operating Profit after Tax (NOPAT)
2.96 0.83 6.89 14 22 34
Normalized NOPAT Margin
14.93% 2.47% 11.65% 14.48% 16.55% 20.82%
Pre Tax Income Margin
-40.64% 0.63% 5.43% 8.93% 5.19% -7.34%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.25 1.04 1.87 1.94 1.36 0.61
NOPAT to Interest Expense
-0.19 -0.32 0.92 1.40 1.27 0.43
EBIT Less CapEx to Interest Expense
0.25 1.03 10.08 4.58 3.36 3.60
NOPAT Less CapEx to Interest Expense
-0.19 -0.33 9.14 4.05 3.27 3.42
Payout Ratios
- - - - - -
Dividend Payout Ratio
-69.67% 4,170.75% 993.78% 486.92% 755.91% -531.88%
Augmented Payout Ratio
-69.67% 4,235.38% 1,009.78% 504.94% 765.89% -544.37%

Quarterly Metrics and Ratios for NETSTREIT

This table displays calculated financial ratios and metrics derived from NETSTREIT's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
60.31% 76.31% 38.06% 39.75% 35.77% 35.03% 27.91% 25.09% 22.03% 19.64%
EBITDA Growth
51.23% 93.03% 43.90% 35.24% 28.47% 17.97% 18.05% 11.68% -3.28% -4.28%
EBIT Growth
20.01% 703.56% 66.83% 33.10% 77.99% 20.49% 34.69% 10.05% -67.74% -58.41%
NOPAT Growth
111.46% 2,322.19% 95.09% 75.25% 86.59% 65.24% 12.48% 90.49% -77.77% -83.20%
Net Income Growth
-51.80% 34.13% -24.67% -139.40% 198.73% -30.18% -28.97% -191.16% -225.55% -376.45%
EPS Growth
-57.14% -16.67% -25.00% -125.00% 100.00% -40.00% -66.67% -200.00% -216.67% -333.33%
Operating Cash Flow Growth
202.06% -2.70% 65.36% 47.33% 4.02% 139.87% -21.31% 29.50% 46.70% -2.12%
Free Cash Flow Firm Growth
-164.71% -59.84% 8.09% 15.73% 22.68% 37.69% 3.06% 4.66% 16.94% 0.15%
Invested Capital Growth
56.75% 51.05% 35.65% 28.00% 28.30% 21.34% 25.54% 21.02% 18.07% 17.25%
Revenue Q/Q Growth
10.51% 9.14% 7.88% 7.40% 7.37% 8.54% 2.20% 5.03% 4.74% 6.41%
EBITDA Q/Q Growth
17.52% 12.86% 0.33% 1.64% 11.63% 3.63% 0.40% -3.85% -3.32% 2.57%
EBIT Q/Q Growth
27.09% 37.27% -14.90% -10.35% 69.95% -7.07% -4.87% -26.75% -50.19% 19.81%
NOPAT Q/Q Growth
140.80% 4.97% 36.66% -49.27% 156.39% -7.04% -6.98% -14.08% -70.08% -29.78%
Net Income Q/Q Growth
-29.40% 98.03% -47.30% -153.48% 635.23% -53.72% -46.38% -319.20% -130.79% -1.92%
EPS Q/Q Growth
-25.00% 66.67% -40.00% -133.33% 700.00% -50.00% -66.67% -400.00% -133.33% 0.00%
Operating Cash Flow Q/Q Growth
23.77% -27.44% 23.99% 32.30% -12.62% 67.34% -59.32% 117.72% -1.01% 11.65%
Free Cash Flow Firm Q/Q Growth
-15.86% -3.18% 21.70% 9.97% -6.30% 16.84% -21.82% 11.46% 7.39% 0.04%
Invested Capital Q/Q Growth
6.32% 10.55% 1.28% 7.52% 6.57% 4.55% 4.79% 3.65% 3.98% 3.82%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 86.64% 100.00% 100.00% 110.68% 89.11% 100.00% 100.00% 109.30%
EBITDA Margin
72.97% 75.46% 70.18% 66.41% 69.05% 65.92% 64.76% 59.29% 54.72% 52.75%
Operating Margin
17.85% 15.54% 18.84% 13.10% 21.97% 18.85% 17.34% 19.94% 5.70% 3.76%
EBIT Margin
18.42% 23.16% 18.27% 15.25% 24.15% 20.67% 19.24% 13.42% 6.38% 7.19%
Profit (Net Income) Margin
5.67% 10.29% 5.03% -2.50% 12.48% 5.32% 2.79% -5.83% -12.84% -12.30%
Tax Burden Percent
89.25% 98.56% 102.99% 96.12% 99.65% 99.44% 98.41% 100.52% 100.04% 100.33%
Interest Burden Percent
34.51% 45.08% 26.72% -17.08% 51.88% 25.89% 14.75% -43.20% -201.13% -170.59%
Effective Tax Rate
10.75% 1.44% -2.99% 0.00% 0.35% 0.56% 1.59% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
1.17% 1.14% 1.48% 0.69% 1.67% 1.44% 1.35% 1.11% 0.32% 0.21%
ROIC Less NNEP Spread (ROIC-NNEP)
0.29% 0.77% 0.39% -0.13% 1.01% 0.54% 0.44% -0.18% -0.72% -0.68%
Return on Net Nonoperating Assets (RNNOA)
0.10% 0.30% 0.15% -0.06% 0.44% 0.26% 0.22% -0.09% -0.38% -0.39%
Return on Equity (ROE)
1.27% 1.45% 1.63% 0.63% 2.11% 1.70% 1.57% 1.02% -0.06% -0.18%
Cash Return on Invested Capital (CROIC)
-43.46% -39.67% -29.13% -23.37% -23.46% -17.87% -21.23% -17.49% -15.73% -15.25%
Operating Return on Assets (OROA)
1.30% 1.67% 1.35% 1.11% 1.77% 1.54% 1.48% 1.03% 0.49% 0.56%
Return on Assets (ROA)
0.40% 0.74% 0.37% -0.18% 0.92% 0.40% 0.21% -0.45% -0.99% -0.95%
Return on Common Equity (ROCE)
1.24% 1.43% 1.62% 0.63% 2.09% 1.68% 1.56% 1.01% -0.06% -0.18%
Return on Equity Simple (ROE_SIMPLE)
0.75% 0.00% 0.71% 0.41% 0.63% 0.00% 0.51% 0.38% -0.34% 0.00%
Net Operating Profit after Tax (NOPAT)
3.98 4.18 5.71 2.90 7.43 6.91 6.43 5.52 1.65 1.16
NOPAT Margin
15.93% 15.32% 19.40% 9.17% 21.89% 18.75% 17.06% 13.96% 3.99% 2.63%
Net Nonoperating Expense Percent (NNEP)
0.87% 0.37% 1.10% 0.82% 0.66% 0.90% 0.91% 1.29% 1.03% 0.89%
Return On Investment Capital (ROIC_SIMPLE)
- 0.27% - - - 0.37% - - - 0.05%
Cost of Revenue to Revenue
0.00% 0.00% 13.36% 0.00% 0.00% -10.68% 10.89% 0.00% 0.00% -9.30%
SG&A Expenses to Revenue
18.20% 19.95% 16.67% 16.63% 15.11% 13.22% 15.15% 13.31% 10.34% 10.11%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
82.15% 84.46% 67.80% 86.90% 78.03% 91.83% 71.77% 80.06% 94.30% 105.54%
Earnings before Interest and Taxes (EBIT)
4.61 6.32 5.38 4.83 8.20 7.62 7.25 5.31 2.65 3.17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
18 21 21 21 23 24 24 23 23 23
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.83 0.87 0.92 0.87 0.81 0.92 0.99 0.90 0.95 0.87
Price to Tangible Book Value (P/TBV)
0.97 1.02 1.07 1.00 0.94 1.06 1.14 1.03 1.09 0.99
Price to Revenue (P/Rev)
9.78 9.48 9.56 9.13 8.12 8.85 8.90 7.98 8.22 7.09
Price to Earnings (P/E)
112.18 112.45 130.54 212.63 129.27 170.70 194.56 240.57 0.00 0.00
Dividend Yield
4.87% 4.81% 4.65% 4.70% 5.43% 4.77% 4.49% 5.09% 4.99% 5.87%
Earnings Yield
0.89% 0.89% 0.77% 0.47% 0.77% 0.59% 0.51% 0.42% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.88 0.91 0.94 0.91 0.87 0.95 0.99 0.94 0.97 0.92
Enterprise Value to Revenue (EV/Rev)
14.57 14.71 14.22 13.50 12.86 13.54 13.99 12.94 13.28 12.48
Enterprise Value to EBITDA (EV/EBITDA)
20.93 20.61 19.79 19.01 18.35 19.97 21.04 20.05 21.79 21.65
Enterprise Value to EBIT (EV/EBIT)
100.52 79.66 74.48 72.44 63.62 68.60 70.26 67.54 90.53 110.54
Enterprise Value to NOPAT (EV/NOPAT)
142.28 109.97 96.04 85.54 73.36 73.56 78.27 67.22 124.39 157.34
Enterprise Value to Operating Cash Flow (EV/OCF)
24.14 27.97 26.28 24.38 24.80 22.27 25.45 23.15 22.76 22.53
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.41 0.47 0.44 0.40 0.46 0.48 0.56 0.55 0.58 0.65
Long-Term Debt to Equity
0.41 0.47 0.35 0.32 0.43 0.48 0.56 0.55 0.58 0.65
Financial Leverage
0.34 0.40 0.39 0.42 0.43 0.47 0.50 0.48 0.53 0.57
Leverage Ratio
1.40 1.45 1.44 1.47 1.49 1.52 1.54 1.52 1.57 1.61
Compound Leverage Factor
0.48 0.65 0.39 -0.25 0.77 0.39 0.23 -0.66 -3.16 -2.75
Debt to Total Capital
28.94% 31.83% 30.35% 28.77% 31.73% 32.38% 35.69% 35.58% 36.67% 39.39%
Short-Term Debt to Total Capital
0.00% 0.00% 6.10% 6.27% 2.33% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
28.94% 31.83% 24.24% 22.50% 29.39% 32.38% 35.69% 35.58% 36.67% 39.39%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.68% 0.62% 0.59% 0.55% 0.49% 0.45% 0.42% 0.37% 0.34% 0.32%
Common Equity to Total Capital
70.34% 67.55% 69.06% 70.68% 67.78% 67.17% 63.89% 64.05% 62.99% 60.29%
Debt to EBITDA
6.99 7.19 6.36 6.04 6.67 6.82 7.56 7.61 8.23 9.27
Net Debt to EBITDA
6.71 7.19 6.36 6.04 6.67 6.82 7.56 7.61 8.23 9.27
Long-Term Debt to EBITDA
6.99 7.19 5.08 4.73 6.18 6.82 7.56 7.61 8.23 9.27
Debt to NOPAT
47.52 38.37 30.87 27.18 26.65 25.12 28.13 25.52 46.96 67.35
Net Debt to NOPAT
45.65 38.37 30.87 27.18 26.65 25.12 28.13 25.52 46.96 67.35
Long-Term Debt to NOPAT
47.52 38.37 24.66 21.26 24.69 25.12 28.13 25.52 46.96 67.35
Altman Z-Score
1.10 1.02 1.05 1.08 0.92 1.05 1.00 0.91 0.89 0.72
Noncontrolling Interest Sharing Ratio
2.02% 1.10% 1.02% 0.90% 0.86% 0.78% 0.75% 0.67% 0.63% 0.60%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.90 1.03 0.05 0.28 0.51 1.44 2.24 2.49 1.35 1.64
Quick Ratio
0.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-505 -521 -408 -367 -390 -324 -395 -350 -324 -324
Operating Cash Flow to CapEx
256.68% 0.00% 0.00% 125.47% 74.95% 0.00% 0.00% 141.56% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-167.26 -149.93 -103.37 -64.98 -98.88 -57.46 -63.96 -46.02 -40.69 -37.78
Operating Cash Flow to Interest Expense
5.45 3.44 3.75 3.47 4.34 5.07 1.89 3.34 3.15 3.27
Operating Cash Flow Less CapEx to Interest Expense
3.33 11.08 7.67 0.70 -1.45 15.95 5.20 0.98 3.53 13.22
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.08 0.08 0.08
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 2.31 0.77 0.50 0.00 0.51 0.31 0.39 0.00
Fixed Asset Turnover
0.09 0.09 0.09 0.09 0.09 0.09 0.10 0.10 0.10 0.10
Accounts Payable Turnover
0.38 0.00 0.76 0.64 0.57 0.00 0.65 0.59 0.49 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 158.16 471.57 733.50 0.00 711.70 1,166.96 930.73 0.00
Days Payable Outstanding (DPO)
954.74 0.00 481.36 573.66 641.30 0.00 565.00 621.20 742.80 0.00
Cash Conversion Cycle (CCC)
-954.74 0.00 -323.20 -102.09 92.20 0.00 146.70 545.76 187.93 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,405 1,553 1,573 1,691 1,802 1,884 1,975 2,047 2,128 2,210
Invested Capital Turnover
0.07 0.07 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
Increase / (Decrease) in Invested Capital
509 525 413 370 398 331 402 355 326 325
Enterprise Value (EV)
1,231 1,417 1,485 1,531 1,573 1,785 1,960 1,917 2,066 2,031
Market Capitalization
826 913 998 1,035 993 1,167 1,247 1,181 1,279 1,154
Book Value per Share
$19.85 $19.11 $18.72 $19.64 $18.23 $18.41 $17.21 $17.86 $17.32 $16.31
Tangible Book Value per Share
$16.88 $16.36 $16.06 $17.04 $15.78 $16.06 $14.95 $15.65 $15.19 $14.30
Total Capital
1,421 1,553 1,573 1,691 1,801 1,883 1,974 2,046 2,127 2,208
Total Debt
411 494 477 487 572 610 704 728 780 869
Total Long-Term Debt
411 494 381 381 530 610 704 728 780 869
Net Debt
395 494 477 487 572 610 704 728 780 869
Capital Expenditures (CapEx)
6.41 -27 -15 16 23 -61 -20 18 -2.99 -85
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2.79 0.67 -19 8.85 5.11 16 33 41 12 19
Debt-free Net Working Capital (DFNWC)
19 0.67 -19 8.85 5.11 16 33 41 12 19
Net Working Capital (NWC)
19 0.67 -115 -97 -37 16 33 41 12 19
Net Nonoperating Expense (NNE)
2.56 1.37 4.23 3.69 3.19 4.95 5.38 7.83 6.97 6.58
Net Nonoperating Obligations (NNO)
395 495 477 487 573 611 705 729 781 871
Total Depreciation and Amortization (D&A)
14 14 15 16 15 17 17 18 20 20
Debt-free, Cash-free Net Working Capital to Revenue
3.30% 0.69% -18.45% 7.81% 4.18% 12.09% 23.26% 27.51% 7.69% 11.66%
Debt-free Net Working Capital to Revenue
22.47% 0.69% -18.45% 7.81% 4.18% 12.09% 23.26% 27.51% 7.69% 11.66%
Net Working Capital to Revenue
22.47% 0.69% -110.41% -85.67% -30.15% 12.09% 23.26% 27.51% 7.69% 11.66%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.03 $0.05 $0.03 ($0.01) $0.06 $0.03 $0.01 ($0.03) ($0.07) ($0.07)
Adjusted Weighted Average Basic Shares Outstanding
50.45M 49.52M 58.16M 61.04M 67.11M 63.92M 73.25M 73.59M 77.61M 76.52M
Adjusted Diluted Earnings per Share
$0.03 $0.05 $0.03 ($0.01) $0.06 $0.03 $0.01 ($0.03) ($0.07) ($0.07)
Adjusted Weighted Average Diluted Shares Outstanding
51.38M 50.43M 58.88M 61.04M 68.05M 64.67M 74.57M 73.59M 77.61M 76.52M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
54.88M 58.03M 60.86M 66.99M 68.70M 73.22M 73.37M 77.38M 81.58M 81.66M
Normalized Net Operating Profit after Tax (NOPAT)
3.98 4.18 3.88 4.88 8.97 9.60 10 8.21 8.54 10
Normalized NOPAT Margin
15.93% 15.32% 13.19% 15.44% 26.40% 26.05% 26.63% 20.75% 20.60% 22.68%
Pre Tax Income Margin
6.36% 10.44% 4.88% -2.61% 12.53% 5.35% 2.84% -5.80% -12.84% -12.26%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.53 1.82 1.36 0.85 2.08 1.35 1.17 0.70 0.33 0.37
NOPAT to Interest Expense
1.32 1.20 1.45 0.51 1.88 1.22 1.04 0.73 0.21 0.14
EBIT Less CapEx to Interest Expense
-0.60 9.47 5.29 -1.91 -3.71 12.23 4.48 -1.66 0.71 10.32
NOPAT Less CapEx to Interest Expense
-0.80 8.85 5.37 -2.25 -3.90 12.10 4.35 -1.63 0.58 10.08
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
504.90% 486.92% 553.19% 920.88% 633.04% 755.91% 858.38% 1,178.84% -1,317.47% -531.88%
Augmented Payout Ratio
521.60% 504.94% 565.13% 940.69% 640.02% 765.89% 886.32% 1,218.82% -1,361.90% -544.37%

Frequently Asked Questions About NETSTREIT's Financials

When does NETSTREIT's fiscal year end?

According to the most recent income statement we have on file, NETSTREIT's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NETSTREIT's net income changed over the last 5 years?

NETSTREIT's net income appears to be on a downward trend, with a most recent value of -$12 million in 2024, rising from -$8.07 million in 2019. The previous period was $6.89 million in 2023.

What is NETSTREIT's operating income?
NETSTREIT's total operating income in 2024 was $18.44 million, based on the following breakdown:
  • Total Gross Profit: $162.78 million
  • Total Operating Expenses: $144.34 million
How has NETSTREIT revenue changed over the last 5 years?

Over the last 5 years, NETSTREIT's total revenue changed from $19.86 million in 2019 to $162.78 million in 2024, a change of 719.7%.

How much debt does NETSTREIT have?

NETSTREIT's total liabilities were at $921.21 million at the end of 2024, a 36.9% increase from 2023, and a 407.6% increase since 2019.

How has NETSTREIT's book value per share changed over the last 5 years?

Over the last 5 years, NETSTREIT's book value per share changed from 13.16 in 2019 to 16.31 in 2024, a change of 23.9%.

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This page (NYSE:NTST) was last updated on 4/16/2025 by MarketBeat.com Staff
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