NTST · NETSTREIT Corp.
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 23, 2026TL;DR. NetStreit raised its full-year 2026 net investment guidance to $700–$800M (from $550–$650M) and lifted the bottom end of AFFO/share guidance to $1.37–$1.39, citing $298.9M of Q2 gross investments at a 7.4% blended cash yield, 100% occupancy, and $1.1B of pro forma liquidity at a 3.1x leverage ratio.
- + Raised full-year 2026 AFFO/share guidance to $1.37–$1.39 (from $1.36–$1.39)
- + Raised full-year 2026 net investment activity guidance to $700–$800M (from $550–$650M)
- + Q2 AFFO/share of $0.35 was a 6.1% YoY increase
- − G&A expenses rose 6.7% YoY to $5.8M in Q2
- − Investment-grade and IG-profile share of ABR declined to 56.5% from 58.3% sequentially and 68.7% a year ago
- − $4.2M provisions for impairment recognized in Q2
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDAre non-GAAP | $53M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDAre 50.3M
-2.28M Straight-line rent adjustments
+16K Debt-related transaction costs
-375K Other non-recurring gain
-474K Other income, net
+6K Transaction costs, net
+1.75M Non-cash compensation expense
+266K Adjustment for construction in process
+3.8M Adjustment for intraquarter investment activities
= Adjusted EBITDAre 53M
|
|||
| AFFO non-GAAP | $35.49M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Core FFO 34.22M
-2.28M Straight-line rent adjustments
+972K Amortization of deferred financing costs
+28K Amortization of above/below-market assumed debt
-102K Amortization of loan origination costs and discounts
+112K Amortization of lease-related intangibles
+181K Earned development interest
-102K Capitalized interest expense
+713K Non-cash interest expense
+1.75M Non-cash compensation expense
= AFFO 35.49M
|
|||
| Annualized Adjusted EBITDAre non-GAAP | $212M | Three Months Ended June 30, 2026 filing | — |
| Core FFO non-GAAP | $34.22M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP FFO 34.58M
+0K Non-recurring executive transition costs, severance, and related charges
+16K Debt-related transaction costs
-375K Other non-recurring gain
+0K Other loss
= Core FFO 34.22M
|
|||
| EBITDA non-GAAP | $47.76M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+25.73M Depreciation and amortization of real estate
+112K Amortization of lease-related intangibles
+75K Non-real estate depreciation and amortization
+15.55M Interest expense, net
+79K Income tax expense
-102K Amortization of loan origination costs and discounts
= EBITDA 47.76M
|
|||
| EBITDAre non-GAAP | $50.3M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDA 47.76M
+4.2M Provisions for impairment
-1.66M Gain on sales of real estate, net
= EBITDAre 50.3M
|
|||
| FFO non-GAAP | $34.58M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+25.73M Depreciation and amortization of real estate
+4.2M Provisions for impairment
-1.66M Gain on sales of real estate, net
= FFO 34.58M
|
|||
| Properties acquired | 79 | Three months ended June 30, 2026 filing | +243.5% |
|
|
|||
| properties sold | 16 | three months ended June 30, 2026 filing | — |
| Property-Level Cash NOI non-GAAP | $50.05M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Property-Level NOI 52.22M
-2.28M Straight-line rent adjustments
+112K Amortization of lease-related intangibles
= Property-Level Cash NOI 50.05M
|
|||
| Property-Level Cash NOI Estimated Run Rate non-GAAP | $53.41M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Property-Level Cash NOI 50.05M
+3.36M Adjustment for intraquarter acquisitions, dispositions, and completed developments
= Property-Level Cash NOI Estimated Run Rate 53.41M
|
|||
| Property-Level NOI non-GAAP | $52.22M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.31M
+5.84M General and administrative
+25.81M Depreciation and amortization
+4.2M Provisions for impairment
+6K Transaction costs, net
+15.55M Interest expense, net
-1.66M Gain on sales of real estate, net
+78K Income tax expense
-102K Amortization of loan origination costs and discounts
-2.91M Interest income on mortgage loans receivable
-908K Other income, net
= Property-Level NOI 52.22M
|
|||
| Total purchase price of acquired properties (inclusive of capitalized acquisition costs) | $252.7M | Three months ended June 30, 2026 filing | — |
| WALT | 9.8 | three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NTST
this stock
NETSTREIT Corp.
|
$1.85B | +1.6% | +19.8% | 130.1 | 14.0% |
|
SPG
Simon Property Group Inc.
|
$66.27B | +10.4% | +6.7% | 14.4 | 3.0% |
|
O
Realty Income Corp
|
$52.55B | -2.2% | +9.1% | 40.5 | 4.3% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$16.24B | -7.0% | — | — | 0.0% |
|
KIM
Kimco Realty Corp
|
$15.05B | +10.6% | +5.1% | 26.1 | 5.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NTST | -2.1% | -11.9% | -9.3% | -11.9% | +1.6% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | -0.9% | -11.6% | -22.4% | -11.6% | -10.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.