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MARKETS / NYSE / NTST
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Netstreit Corp. NTST

7 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$195.0M
▲ 19.8% YoY
$6.9M
$102.6M
▲ 69.9% YoY
In brief

What this company does

NETSTREIT Corp. is an internally managed real estate company that acquires, owns, and manages a diversified portfolio of single-tenant commercial retail properties, subject to long-term net leases with high-credit-quality tenants across the United States, and it also invests in property developments and mortgage loans secured by real estate. As of December 31, 2025, the company owned or had investments in 761 properties diversified by tenant, industry, and geography, comprising 129 different tenants across 28 retail sectors in 45 states. As of December 31, 2025, the company's investments generated ABR of $198.3 million. Its portfolio was 99.9% occupied and, excluding mortgage loans receivable, had a weighted average remaining lease term of 10.1 years. As of December 31, 2025, the company had 29 full-time employees. The company is structured as an umbrella partnership real estate investment trust, meaning it owns its properties and conducts its business through its operating partnership, directly or through limited partnerships, limited liability companies or other subsidiaries. The company was formed as a Maryland corporation on October 11, 2019, and its common stock began trading on the New York Stock Exchange under the symbol NTST on August 13, 2020.

Written from the business description in NETSTREIT Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth
USD 195.0M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 195.0 · Net income 6.9
80M160M2019202020212022202320242025
Compound annual growth
+26.5%
+42.0%
−5.4%
+100.9%
−20.6%
+2.0%
+21.1%
+54.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +42.0% a year over five years — but profit grew faster: net income at +100.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.6% · Net 3.6%
5%-2%-4%-6%2019202020212022202320242025
ROE
FY2025 · ROE 0.5%
0.5%-0.5%2019202020212022202320242025

Each USD of equity produced 0 cents of profit this year.

Cash & shareholders
USD 70.2M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 102.6
40M80M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 70.2 · Net buybacks -187.6
25.0M50.0M-100.0M-200.0MDividendsNet buybacks2019202020212022202320242025

USD 70.2M in dividends — 1012% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.6B
EquityUSD 1.4B
CashUSD 14.5M
Gross debtUSD 1.1B
Net debtUSD 1.1B

Net debt stands at 75% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.20.20.10.10.10.0·
Operating income $B0.0−0.00.00.00.00.0−0.0
EBITDA $B0.10.10.10.10.00.00.0
Income tax $B0.00.0−0.00.00.00.00.0
Net income $B0.0−0.00.00.00.00.0−0.0
Free cash flow $B0.10.1·····
EPS, diluted $0.08−0.160.110.160.080.01·
Dividend / sh $0.850.830.810.800.800.30·
Payout %1012−5297504829593804·
ROE %0.5−0.90.60.90.50.1·
Shares out B0.090.080.070.060.040.030.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 37 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityReal Estate Investment Trusts
Listed onNYSE
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2019

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