NETSTREIT CORP (NTST)
Real Estate · Retail Real Estate / Net Lease REIT · NYSE
NETSTREIT is an internally-managed REIT that acquires and owns single-tenant retail properties net-leased to high-credit-quality tenants in defensive retail sectors like groceries, convenience stores, and home improvement across the US.
What NETSTREIT CORP does
NETSTREIT CORP is an internally managed real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial retail properties subject to long-term net leases. As of December 31, 2025, the company owned or had investments in 761 properties across 129 different tenants and 28 retail sectors in 45 states. The portfolio focuses on necessity goods and essential services in defensive retail industries including grocers, convenience stores, discount stores, home improvement, quick-service restaurants, and auto parts, with 99.9% occupancy and a weighted-average remaining lease term of 10.1 years. The company also invests in property developments and mortgage loans secured by real estate.
Themes: ["retail real estate / net leases","defensive retail sectors","necessity goods and essential services","single-tenant commercial properties","REIT / real estate investment"]
Fundamentals
- Price$21.66 as of 2026-07-09 close
- Market cap$2.1B as of 2026-07-10
- 1-year return+28.8% as of 2026-07-09 close
- P/E194.81 as of 2026-07-10
- Net margin+5.3% as of 2026-07-10
- Gross margin+90.4% as of 2026-07-10
- ROE+0.8% as of 2026-07-10
- Debt / equity0.82 as of 2026-07-10
- Revenue growth (YoY)+20.6% as of 2026-07-10
- Revenue CAGR (3y)+26.5% SEC XBRL
- Beta0.82 as of 2026-07-10
Dividend: yield +4.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Portfolio concentration risk: Reliance on retail sector tenants, particularly those in defensive retail industries that could be disrupted by e-commerce or economic downturns","Interest rate and refinancing risk: Significant debt obligations ($1.14 billion term loans as of Q1 2026) expose the company to rising rates and refinancing challenges","Tenant credit and lease renewal risk: Dependency on long-term net lease payments from high-credit-quality tenants, with potential for tenant defaults or lease non-renewals at maturity"]
Competitors & peers
- Realty Income Corporation (O)
- STORE Capital (STOR)
- Four Corners Property Trust (FCPT)
- Lexington Realty Trust (LXP)
- Spirit Realty Capital (SRC)
- Agree Realty Corporation (ADC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.