NetSTREIT Corp (N:NTST)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2021 Mckinney Avenue, Suite 1150 DALLAS TX 75201 |
| Tel: | N/A |
| Website: | https://netstreit.com |
| IR: | See website |
| Key People | ||
| Mark L. Manheimer President, Chief Executive Officer, Secretary, Director | Daniel P. Donlan Chief Financial Officer, Treasurer | |
| Business Overview |
| NETSTREIT Corp. is an internally managed real estate company that acquires, owns, invests in and manages a diversified portfolio of single-tenant, retail commercial real estate subject to long-term net leases with high credit quality tenants across the United States. The Company is structured as an umbrella partnership real estate investment trust (UPREIT). The Company's diversified portfolio consists of approximately 598 single-tenant retail net leased properties spanning 45 states, with 85 different tenants represented across 26 retail sectors. The Company 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, convenient stores, discount stores, and quick-service restaurants, which it refers to as defensive retail industries. |
| Financial Overview |
| For the three months ended 31 March 2024, NetSTREIT Corp revenues increased 28% to $37.7M. Net income decreased 29% to $1M. Revenues reflect Rental revenue (including reimbursable) increase of 24% to $35.2M, Interest income on loans receivable increase from $978K to $2.5M. Net income was offset by Depreciation and amortization increase of 23% to $12.6M (expense), Interest Expense - Net of Capitalized In increase of 59% to $5.9M (expense). |
| Employees: | 28 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,978M as of Mar 31, 2024 |
| Annual revenue (TTM): | $140.13M as of Mar 31, 2024 |
| EBITDA (TTM): | $85.12M as of Mar 31, 2024 |
| Net annual income (TTM): | $6.41M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$434.59M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $682.04M as of Mar 31, 2024 |
| Shares outstanding: | 73,366,371 as of Apr 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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