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

$17.35+0.33(0.02%)After hours

Market Cap

$1.85B

P/E

84.6x

P/S

7.8x

P/B

0.9x

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: 57/100

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

Profitability19/25

Growth22/25

Balance Sheet & Red Flags16/25

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 · 84.6x5y range 80.6x – 8064.5x

Currently below its 16-quarter median.

P/S · 7.8x5y range 7.0x – 31.4x

Currently near its 19-quarter median.

P/B · 0.9x5y range 0.7x – 1.3x

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.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $1.85B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $237.11M
Q. Revenue: $66.26M
TTM EBITDA: $215.77M
TTM Op. Income: $77.03M
Q. Op. Income: $23.32M
TTM Net Income: $21.86M
Q. Net Income: $8.51M
EPS: $0.08
Shares Out.: $103.15M

$237.11M in TTM revenue grew 27.1% YoY, reaching $66.26M last quarter. TTM EBITDA of $215.77M and TTM operating income of $77.03M show growth is flowing through to the bottom line. TTM net income of $21.86M 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: 78.3%
Op. Margin: 35.2%
Net Margin: 12.8%

Op. margin of 35.2% is up 10.4% YoY — cost efficiency is improving. Net margin at 12.8% Over the past year, operating margin is up 42% — an improving trend.

Price Ratios

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

P/E Ratio: 84.6x
P/S Ratio: 7.8x
P/B Ratio: 0.9x

At 84.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.8x and P/B of 0.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 5 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $3.28B
Cash: $42.30M
Long-Term Debt: $1.19B
Book Value: $2.00B
D/E Ratio: 0.6
Debt/EBITDA: 23.0

With $3.28B in assets and $1.19B in long-term debt, D/E is 0.6and book value is $2.00B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 30% — an improving trend.

Cash Flow

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

Op. Cash Flow: $41.76M
TTM Free Cash Flow: $-822.72M
FCF Margin: -347.0%
FCF / Net Income: -37.6

TTM FCF of $-822.72M on $41.76M in operating cash flow. The FCF / Net Income ratio of -37.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 5 consecutive quarters — a weakening trend.