NETSTREIT (NTST)
Owns single-tenant retail properties leased to necessity, service, and discount operators.
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Acquires and manages single-tenant retail properties under long-term net leases across the United States. Rent is tied to necessity, service, discount, and other physical-location-dependent retailers, with performance shaped by tenant credit, store economics, and competition for acquisition opportunities.
Acquires, owns, invests in, and manages single-tenant retail real estate under long-term net leases. The portfolio is concentrated in the United States and built around necessity goods, essential services, discount retail, home improvement, quick-service restaurants, auto parts, and other physical-location-dependent operators.
Leasing activity, property developments, and mortgage loans secured by real estate are reported together in one segment. Growth comes mainly through property acquisitions, capital recycling, and balance-sheet funding rather than corporate M&A.
Execution depends on underwriting small-ticket retail sites, sourcing marketed and off-market opportunities through industry relationships, and maintaining tenant quality. Each property is leased to a single tenant, so store-level economics, tenant financial stability, acquisition pricing, and access to capital shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | Mizuho Securities | Target | Target: $19 | Target: $20 |
| Jul 29, 2026 | Jefferies | Reiterate | Rating: —Target: $23 | Target: $25 |
| Jul 28, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $22 | Target: $25 |
| Jul 23, 2026 | Stifel Nicolaus | Target | Target: $22.25 | Target: $23.50 |
| Jul 20, 2026 | BMO Capital | Reiterate | Rating: —Target: $24 | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $20.0M · Total debt $1.42B · Total assets $3.04B · Shareholders' equity $1.57B
- Revenue
- $61.3M
- Operating income
- $19.7M
- Net income
- $6.3M
HistoryDividendAnnual yield
| Institutions | 150.08% | 152.37M shares | |
|---|---|---|---|
| 271 holders · as of Jun 30, 2026 | |||
| Insiders | 0.63% | 644.6K shares | |
| 10 holders · as of Sep 11, 2026 | |||
| Strategic holders | 5.54% | 5.62M shares | |
| 1 holder · as of Jul 17, 2026 | |||
| Adds to | 156.25% | ||
101.53M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 156.25%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.87% | 19.16M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 16.05% | 16.30M | as of Jun 30, 2026 |
Principal Financial Group IncInstitution | 9.48% | 9.62M | as of Jun 30, 2026 |
Principal Real Estate Investors, LLCInstitution | 8.82% | 8.95M | filed May 12, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.85% | 5.94M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Daniel P. Donlan | officer: CFO and Treasurer | +1,200 | $20.12 |
| Jun 18, 2026 | Mark Manheimer | director, officer: President, CEO and Secretary | +5,000 | $19.19 |
| Apr 23, 2026 | Robin McBride Zeigler | director | −7,192 | $20.85 |
| Dec 19, 2025 | Daniel P. Donlan | officer: CFO and Treasurer | +1,000 | $17.40 |
| Dec 8, 2025 | Daniel P. Donlan | officer: CFO and Treasurer | +1,000 | $17.34 |
- Realty Income
Largest net-lease rival for retail assets and capital access
- Agree Realty
Closest public pure-play for retail net-lease acquisitions
- Essential Properties Realty Trust
Middle-market net-lease peer with service-oriented deal flow
- NNN REIT
Established retail net-lease acquirer with broad tenant overlap
- Four Corners Property Trust
Restaurant and retail net-lease peer in branded outparcels
- Broadstone Net Lease
Diversified net-lease peer with retail acquisition overlap
- W. P. Carey
Global net-lease capital source for sale-leaseback assets
- Alpine Income Property Trust
Small-cap retail net-lease peer with loan overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NETSTREIT | $18.47 | +1.74% | $1.77B | 129.8 | 52.2 | 8.2 | +19.8% |
| Realty Income | $56.59 | −0.11% | $52.83B | 41.4 | 35.1 | 8.9 | +1.1% |
| Agree Realty | $67.53 | −0.14% | $8.12B | 36.4 | 34.8 | 10.4 | +16.9% |
| Essential Properties Realty Trust | $27.22 | +1.72% | $5.79B | 20.7 | 21.3 | 8.7 | +10.3% |
| NNN REIT | $41.59 | −0.11% | $7.92B | 20.4 | 19.8 | 8.3 | +7.2% |
| Four Corners Property Trust | $22.56 | −0.27% | $2.48B | 20.4 | 20.4 | 8.1 | +7.7% |
| Broadstone Net Lease | $19.14 | −0.75% | $3.70B | 26.1 | 27.1 | 7.7 | +8.3% |
| W. P. Carey | $67.13 | +1.40% | $15.08B | 22.6 | 22.7 | 7.9 | +7.0% |
| Alpine Income Property Trust | $17.37 | −0.66% | $288.9M | 90.4 | 26.8 | 4.1 | +34.6% |
| Median | 24.3 | 24.8 | 8.2 | +8.0% |