NETSTREIT
REIT acquiring single-tenant, net-leased necessity retail properties.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | N/A | Post IPO Equity |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 75 % | 63 % | 28 % | 22 % | 27 % | 9 % | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 66 % | 68 % | 77 % | 82 % | 79 % | 80 % | 85 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 5 % | 8 % | 6 % | (8 %) | 8 % | 15 % | 13 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
NETSTREIT Corp. (NYSE: NTST) is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant, net-leased retail properties across the United States. The company was formed as a Maryland corporation on October 2, 2019. Its leadership team, including CEO Mark Manheimer, was instrumental in its formation and strategic direction leading to its Initial Public Offering (IPO) on August 13, 2020, which raised approximately $225 million.
Headquartered in Dallas, Texas, NETSTREIT's business model centers on generating stable revenue through long-term net leases. Under this structure, the tenant is responsible for property operating expenses such as taxes, insurance, and maintenance, which minimizes operational responsibilities for the company. The firm's strategy is to invest in high-quality properties leased to creditworthy tenants in sectors deemed resilient to economic downturns and e-commerce pressures. This includes a focus on necessity-based retail and defensive growth sectors like convenience stores, drug stores, home improvement, and quick-service restaurants.
NETSTREIT's clients are primarily national and regional retail tenants that require a physical location to generate sales and profits. By diversifying its portfolio across numerous US states, the company mitigates risks associated with regional economic shifts. Since its IPO, the company has pursued a disciplined acquisition strategy, significantly expanding its portfolio and initiating quarterly cash dividends to shareholders, signaling confidence in its cash flow generation. The company's revenue is derived predominantly from collecting contractual rent payments from its tenants.
Keywords: real estate investment trust, REIT, single-tenant properties, net lease, commercial real estate, retail properties, property acquisition, asset management, e-commerce resistant, necessity retail, long-term leases, creditworthy tenants, property portfolio, real estate finance, sale-leaseback, investment properties, dividend income, Dallas, Texas, Mark Manheimer