NetSTREIT (NTST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NetSTREIT

NYSE•Real Estate•REIT - Retail

$18.25-1.04(-0.05%)Pre-market

Market Cap

$1.77B

P/E

126.6x

P/S

8.1x

P/B

1.1x

NETSTREIT Corp. is an internally managed real estate investment trust based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT's strategy is to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors. NETSTREIT Corp. was incorporated in 2019 in Maryland and is based in Dallas, Texas.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Growth (22/25); weakest: Cash & Earnings Quality (0/25).

Profitability16/25

Growth22/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality0/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 126.6x5y range 101.7x – 8064.5x

Currently below its 16-quarter median.

P/S · 8.1x5y range 7.0x – 46.5x

Currently near its 18-quarter median.

P/B · 1.1x5y range 0.9x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Watch

Debt-to-equity has risen 26.1% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $1.77B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $219.16M
Q. Revenue: $61.28M
TTM EBITDA: $197.24M
TTM Op. Income: $65.68M
Q. Op. Income: $19.71M
TTM Net Income: $13.97M
Q. Net Income: $6.31M
EPS: $0.06
Shares Out.: $97.35M

$219.16M in TTM revenue grew 21.9% YoY, reaching $61.28M last quarter. TTM EBITDA of $197.24M and TTM operating income of $65.68M show growth is flowing through to the bottom line. TTM net income of $13.97M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 74.3%
Op. Margin: 32.2%
Net Margin: 10.3%

Op. margin of 32.2% is up 6.6% YoY — cost efficiency is improving. Net margin at 10.3% Over the past year, operating margin is up 26% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 126.6x
P/S Ratio: 8.1x
P/B Ratio: 1.1x

At 126.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 8.1x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 4 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.04B
Cash: $20.05M
Long-Term Debt: $1.40B
Book Value: $1.57B
D/E Ratio: 0.9
Debt/EBITDA: 30.7

With $3.04B in assets and $1.40B in long-term debt, D/E is 0.9and book value is $1.57B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $36.74M
TTM Free Cash Flow: $-772.36M
FCF Margin: -352.4%
FCF / Net Income: -55.3

TTM FCF of $-772.36M on $36.74M in operating cash flow. The FCF / Net Income ratio of -55.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 4 consecutive quarters — a weakening trend.