NTST

NETSTREIT Corp
NTST

$16.42

0.97%

Market Cap: $1.27B

About: Netstreit Corp is structured as an umbrella partnership real estate investment trust. The company acquires, owns, and manages single-tenant, retail commercial real estate subject to long-term net leases with high-credit quality tenants across the United States. It focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including home improvement, auto parts, drug stores and pharmacies, general retail, grocers, convenience stores, discount stores, and quick-service restaurants.

Employees: 28

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 20

29% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 56

6% more funds holding

Funds holding: 163 [Q1] → 173 (+10) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

6.77% less ownership

Funds ownership: 131.28% [Q1] → 124.51% (-6.77%) [Q2]

17% less capital invested

Capital invested by funds: $1.77B [Q1] → $1.47B (-$294M) [Q2]

84% less call options, than puts

Call options by funds: $82K | Put options by funds: $512K

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

3%

downside

Avg. target

$17.33

6%

upside

High target

$19

16%

upside

3 analyst ratings

1 positive

33%

2 neutral

67%

0 negative

0%

Raymond James RJ Milligan 95% 1-year accuracy 21 / 22 met price target	16%upside $19	Strong Buy Upgraded	21 Aug 2024
Wedbush Jay Kornreich 100% 1-year accuracy 2 / 2 met price target	4%upside $17	Neutral Initiated	19 Aug 2024
Scotiabank Nicholas Yulico 65% 1-year accuracy 15 / 23 met price target	3%downside $16	Sector Perform Maintained	7 Aug 2024

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Financial journalist opinion

Based on 3 articles about NTST published over the past 30 days

Buried Treasures: 11 Dramatically Undervalued REITs

REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns.

Buried Treasures: 11 Dramatically Undervalued REITs

If I Was Retiring In 10-20 Years With 10 REITs - Part 3

The Federal Reserve is expected to cut interest rates, benefiting REITs, which have shown strong performance and offer attractive investment opportunities for long-term growth. NETSTREIT, Kite Realty, VICI Properties, and Plymouth Industrial are recommended buys due to their strong fundamentals, high-quality tenants, and solid balance sheets. REITs offer reliable dividends and potential for compounding returns, making them ideal for investors with 10–20 years until retirement.

If I Was Retiring In 10-20 Years With 10 REITs - Part 3

Netstreit: Agree Realty 2.0 Or Potential Takeover Target?

NETSTREIT Corp. is a retail-focused REIT with similarities to Agree Realty but with differences in tenant exposure and investment spreads. The company's financial performance has been solid, with growth in FFO and revenue, a strong balance sheet, and a safe dividend payout ratio. NETSTREIT Corp. is currently undervalued compared to its retail REIT peers, with potential for future growth.

Netstreit: Agree Realty 2.0 Or Potential Takeover Target?

Netstreit Has Become More Compelling (Rating Upgrade)

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 Has Become More Compelling (Rating Upgrade)

2 'Under The Radar' REITs Up To 40% Undervalued

The purpose of this article isn't to make the case that a recession will happen. What matters is that the pressure on the Fed is rising to finally cut rates, and to figure out what happens when the Fed starts cutting rates. REITs like Netstreit and Plymouth Industrial REIT offer attractive yields, growth potential, and undervaluation amid shifting rate expectations.

2 'Under The Radar' REITs Up To 40% Undervalued

NETSTREIT Corp. (NTST) Q2 2024 Earnings Call Transcript

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 Corp. (NTST) Q2 2024 Earnings Call Transcript

Zacks Investment Research

NETSTREIT (NTST) Q2 FFO and Revenues Beat Estimates

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 (NTST) Q2 FFO and Revenues Beat Estimates

NETSTREIT Reports Second Quarter 2024 Financial and Operating Results

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced financial and operating results for the second quarter ended June 30, 2024. “I am pleased to report we completed $116 million in investments at a blended cash yield of 7.5% for the second quarter, and have completed approximately $245 million year to date. As we head into the second half of 2024, we remain disciplined in identifying strategic and accretive transactions to further diversify our portfolio while.

NETSTREIT Reports Second Quarter 2024 Financial and Operating Results

Netstreit: Worth Holding, But There Are Better Alternatives

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: Worth Holding, But There Are Better Alternatives

Thinking Outside The (Net Lease REIT) Box

Thinking outside the box involves looking at problems from a different perspective, such as using virtual reality to stimulate creativity. Realty Income has grown into a $73 billion REIT by thinking outside the box and expanding into various property sectors. Evaluating cost of capital is crucial for REITs to create value, with lower costs allowing for higher quality investments.

Thinking Outside The (Net Lease REIT) Box

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