Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
13 August 2020Website:
http://www.netstreit.comNext earnings report:
04 November 2024Last dividends:
03 September 2024Next dividends:
N/APrice
after hours | 30 min agoAnalysts recommendations
Institutional Ownership
NTST Latest News
Although the revenue and EPS for NETSTREIT (NTST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NETSTREIT (NTST) came out with quarterly funds from operations (FFO) of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.31 per share a year ago.
The $22.5 trillion U.S. commercial real estate market is showing signs of recovery, fueled by improved lending conditions and rebounding property prices. Lower rates and rebounding liquidity could support further growth, but risks remain, particularly for office properties facing a massive maturity wall. Amid these trends, several REITs offer strong income potential and growth opportunities, thanks to strategic positioning and resilient business models.
NETSTREIT is a net-lease retail REIT that operates on a national scale. The REIT's portfolio is well-diversified, and its long-term leases enhance cash flow predictability. Recent performance shows significant growth in ABR, NOI, and AFFO.
NETSTREIT is a small triple-net lease, retail/service-oriented REIT with properties across 45 states. The Company is not as popular as its larger peers. NTST delivered solid Q2 2024 results and upheld its key business and credit metrics. In the meantime, the Company realised $115.8m of investment volume at a positive spread. I've upgraded my rating on NTST as its valuation is substantially more attractive now, both in absolute and relative terms.
NETSTREIT Corp. (NYSE:NTST ) Q2 2024 Earnings Call Transcript July 30, 2024 11:00 AM ET Company Participants Amy An - IR Mark Manheimer - CEO Dan Donlan - CFO Conference Call Participants Wes Golladay - Baird Smedes Rose - Citi Ravi Vaidya - Mizuho Greg McGinniss - Scotiabank Upal Rana - KeyBanc Capital Markets Farrell Granath - Bank of America Ki Bin Kim - Truist Securities Operator Greetings and welcome to the NETSTREIT Corp. Second Quarter 2024 Earnings Call. At this time, all participants are in the listen-only mode.
NETSTREIT (NTST) came out with quarterly funds from operations (FFO) of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to FFO of $0.30 per share a year ago.
NETSTREIT is worth holding due to strong business metrics, well-covered dividends, no debt maturing until 2027, reasonable valuation, investment-grade tenants, and impressive AFFO per share growth. However, there are better alternatives within the retail/service-oriented property sector due to NTST's lower investment spreads, negligible dividend growth, high tenant concentration, and limited upside potential. I perceive ADC, EPRT, and NNN as more attractive opportunities. They share NTST's strengths and have better managed their weaknesses.
NETSTREIT has a conservative portfolio with 100% occupancy and rent collection, making it a low-risk investment. The company's small size doesn't hinder its growth potential, and it continues to find undervalued assets. The valuation of NETSTREIT suggests a potential upside of 15%+ annualized returns, making it an attractive investment opportunity.
NTST is a triple net lease REIT focused on retail/service-oriented properties. Despite a decline in stock price, NTST's P/FFO multiple remains high. The business looks relatively well, but there are better investment opportunities, even within this property sector.
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What type of business is NETSTREIT?
NETSTREIT Corp. is an internally managed real estate investment trust (REIT) 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.
What sector is NETSTREIT in?
NETSTREIT is in the Real Estate sector
What industry is NETSTREIT in?
NETSTREIT is in the Retail industry
What country is NETSTREIT from?
NETSTREIT is headquartered in United States
When did NETSTREIT go public?
NETSTREIT initial public offering (IPO) was on 13 August 2020
What is NETSTREIT website?
https://www.netstreit.com
Is NETSTREIT in the S&P 500?
No, NETSTREIT is not included in the S&P 500 index
Is NETSTREIT in the NASDAQ 100?
No, NETSTREIT is not included in the NASDAQ 100 index
Is NETSTREIT in the Dow Jones?
No, NETSTREIT is not included in the Dow Jones index
When was NETSTREIT the previous earnings report?
No data
When does NETSTREIT earnings report?
The next expected earnings date for NETSTREIT is 04 November 2024