NetSTREIT Corp. Common Stock (NTST)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable, understandable businesses with conservative balance sheets, and NetSTREIT is understandable: it owns single-tenant retail properties and collects rent. The recorded growth is real. Filed revenue rose from $131.9 million in FY2023 to $162.8 million in FY2024 and $195.0 million in FY2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $61.3 million with net income of $6.3 million and diluted EPS of $0.06. After a FY2024 net loss of $12.0 million, FY2025 net income was $6.9 million, so FairStock calls it a TURNAROUND, reasonably enough. But the economics are thin: FairStock’s trailing P/E is 124.21 at the 2026-10-13 close, ROE is 0.96%, and ROCE is 1.90%. Depreciation distorts REIT EPS, and FFO/AFFO—the right REIT measures—are not in the data. That makes the 4.95% dividend yield and 1.12 price-to-book more useful. FCF yield is 6.8%, FairStock’s EV/EBITDA is 19.64, not a giveaway, and leverage is meaningful at D/E 0.89 and Altman Z 0.65. The moat is modest: long net leases with e-commerce-resistant tenants help, but single-tenant concentration and a 29-employee internal manager mean execution matters. At $17.39, near the low of the $17.00-$22.47 range, price seems fair rather than a bargain. I would need FFO/AFFO and coverage before calling it cheap.

In plain English: NetSTREIT owns retail buildings and collects rent from tenants, mostly under single-tenant leases. Revenue has been growing and the dividend is high, but reported profits are thin and the company carries meaningful debt. Compared with its net assets, the price looks roughly fair, though without REIT-specific cash-profit figures it is hard to call it clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer