NETSTREIT Corp. NTST
NETSTREIT is an internally managed Real Estate Investment Trust (REIT), headquartered in Dallas, Texas, specializing in the nationwide acquisition of single-tenant net lease retail properties. The company maintains an expanding portfolio of premium assets, leased to financially robust businesses that are well-positioned against e-commerce competition. Guided by a leadership team of accomplished commercial real estate executives, NETSTREIT's strategic objective is to assemble the country's most exceptional net lease retail portfolio, thereby generating reliable cash flows and dividend distributions for its shareholders.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-06-16) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $195.01M | $6.90M | $87.38M | $151.70M | $109.51M |
| 2024 | $162.78M | $-11.94M | $78.09M | $114.60M | $90.16M |
| 2023 | $131.91M | $6.84M | $65.08M | $107.53M | $80.16M |
| 2022 | $96.28M | $8.12M | $49.79M | $70.72M | $50.65M |
| 2021 | $59.14M | $3.05M | $30.51M | $37.24M | $31.48M |
| 2020 | $33.73M | $730.00K | $14.66M | $15.85M | $12.75M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-01 | 2026-06-01 | 2026-06-15 | 2026-04-16 | $0.22 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-03-31 | 2026-02-05 | $0.22 | Quarterly |
| 2025-12-01 | 2025-12-01 | 2025-12-15 | 2025-10-24 | $0.21 | Quarterly |
| 2025-09-02 | 2025-09-02 | 2025-09-15 | 2025-07-23 | $0.21 | Quarterly |
| 2025-06-02 | 2025-06-02 | 2025-06-16 | 2025-04-28 | $0.21 | Quarterly |
| 2025-03-14 | 2025-03-14 | 2025-03-31 | 2025-02-24 | $0.21 | Quarterly |
| 2024-12-02 | 2024-12-02 | 2024-12-13 | 2024-11-04 | $0.21 | Quarterly |
| 2024-09-03 | 2024-09-03 | 2024-09-13 | 2024-07-23 | $0.21 | Quarterly |
| 2024-06-03 | 2024-06-03 | 2024-06-14 | 2024-04-29 | $0.20 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-28 | 2024-02-13 | $0.20 | Quarterly |
| 2023-11-30 | 2023-12-01 | 2023-12-15 | 2023-10-25 | $0.20 | Quarterly |
| 2023-08-31 | 2023-09-01 | 2023-09-15 | 2023-07-24 | $0.20 | Quarterly |
| 2023-05-31 | 2023-06-01 | 2023-06-15 | 2023-04-25 | $0.20 | Quarterly |
| 2023-03-14 | 2023-03-15 | 2023-03-30 | 2023-02-23 | $0.20 | Quarterly |
| 2022-11-30 | 2022-12-01 | 2022-12-15 | 2022-10-25 | $0.20 | Quarterly |
| 2022-08-31 | 2022-09-01 | 2022-09-15 | 2022-07-26 | $0.20 | Quarterly |
| 2022-05-31 | 2022-06-01 | 2022-06-15 | 2022-04-26 | $0.20 | Quarterly |
| 2022-03-14 | 2022-03-15 | 2022-03-30 | 2022-02-24 | $0.20 | Quarterly |
| 2021-11-30 | 2021-12-01 | 2021-12-15 | 2021-10-28 | $0.20 | Quarterly |
| 2021-08-31 | 2021-09-01 | 2021-09-15 | 2021-07-29 | $0.20 | Quarterly |
| 2021-05-28 | 2021-06-01 | 2021-06-15 | 2021-04-29 | $0.20 | Quarterly |
| 2021-03-12 | 2021-03-15 | 2021-03-30 | 2021-03-03 | $0.20 | Quarterly |
| 2020-11-30 | 2020-12-01 | 2020-12-15 | 2020-10-29 | $0.20 | Quarterly |
| 2020-09-14 | 2020-09-15 | 2020-09-25 | 2020-08-18 | $0.10 | Quarterly |
Coverage (payout of operating cash flow): 67.67%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.