| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 8 | 83.3x | 17.3x | Bottom tier | |
Growth | 92 | 27.1% | 7.1% | Top tier | |
Quality | 62 | 2.9% | 4.5% | Around median | |
Safety | 43 | 6.2x | 2.6x | Around median | |
Capital Return | 60 | 5.03% | 0.06% | Around median | |
Momentum | 36 | -2.9% | -1.6% | Bottom tier | |
Sentiment | 92 | 6 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
NETSTREIT Corp. is a real estate company that owns assets leased to tenants in essential retail and service sectors, generating income from rents and from recycling capital through property acquisitions and selected asset sales. At the end of fiscal 2026 Q2, the portfolio included 859 investments leased to 156 tenants across 28 industries and 46 states, while new investments were distributed among quick-service restaurants, grocery stores, convenience stores, automotive services, and other essential retail categories.
Revenue for fiscal 2026 Q2 was approximately $61.3 million, compared with net income of $6.3 million and diluted earnings per share of $0.06, equivalent to a calculated net income margin of approximately 10.3%. Core funds from operations totaled $34.2 million, or $0.33 per share, while adjusted funds from operations totaled $35.5 million, or $0.35 per share, representing annual growth of 6.1%.
Recurring general and administrative expenses increased 6.7% year over year to $5.8 million in fiscal 2026 Q2 due to hiring increases implemented during 2025, but declined as a percentage of revenue to 9.5% from 11.3%. In terms of portfolio quality, the weighted average remaining lease term was 10 years, tenants with investment-grade ratings or investment-grade credit profiles represented 56.5% of annual base rent, unit-level rent coverage was 3.8 times, and occupancy reached 100%.
The analyst consensus is “Buy,” with an average price target of $23.5 and a range of $22 to $25, compared with a 52-week trading range of $17.02 to $22.47. The average target is approximately 4.6% above the 52-week range high, but the low end of the target range is slightly below that high, reflecting a balance between investment growth and strong liquidity on one hand, and expected dilution and the interest-rate sensitivity of real estate values on the other.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Revenue was $61.3 million and net income was $6.3 million, with diluted earnings per share of $0.06. Core funds from operations totaled $34.2 million, or $0.33 per share. Adjusted funds from operations totaled $35.5 million, or $0.35 per share, representing annual growth of 6.1%.
The company closed total investments of $299 million at a blended cash yield of 7.4% and a weighted average lease term of 9.8 years. Management raised its fiscal 2026 net investment activity range to $700–$800 million and increased the lower end of adjusted funds from operations per share guidance to a range of $1.37–$1.39. Management said on July 23, 2026 that the acquisition market remained strong across sale-leaseback transactions, portfolio transactions, and individual property transactions.
Through an UPREIT structure, the company acquired 20 Speedway properties that it had previously financed with a first mortgage in early 2023. The transaction's initial cash yield was 6.75%, with long-term leases, investment-grade credit support, and high rent coverage. Management explained that the transaction reduced the quarter's blended yield to 7.4%, while the yield would have been approximately 7.5% to 7.6% excluding it.
Automated analysis for informational purposes only — not investment advice.
Total liquidity was $1.1 billion at the end of fiscal 2026 Q2, including $301 million available under the credit facility and $714 million of unsettled forward equity. Adjusted net debt was $672.2 million, while the ratio of adjusted net debt to adjusted earnings before interest, taxes, depreciation, and amortization stood at 3.2 times. There are no material debt maturities until February 2028 when including extension options that the company may exercise at its discretion.
New investments are concentrated in categories including grocery stores, convenience stores, quick-service restaurants, and automotive services, and management sets an indicative limit of approximately 15% for exposure to any single industry. Management acknowledged on July 23, 2026 that lower-income consumers are under pressure, so it focuses on locations with strong cash flows and rent coverage. Despite these risks, unit-level rent coverage was 3.8 times and occupancy reached 100% after the former Big Lots location was re-leased to TJ Maxx at a rent increase exceeding 20%.
On July 16, 2026, the board of directors declared a quarterly cash distribution of $0.225 per share. The company set September 1, 2026 as the record date and September 15, 2026 as the payment date. These distributions should be evaluated alongside fiscal 2026 adjusted funds from operations per share guidance of $1.37–$1.39 and the estimated dilution impact of between $0.05 and $0.08 per share.