NTSTNETSTREIT Corp.
Real Estate Investment Trusts
- Revenue
- $195M
- 20% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $2.2B
- Employees
- —
- Net debt / EBITDA
- —
- $1.1B net debt
- AI in 10-K
- 1.2
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo3% of revenueOver 10% of revenue
- Payouts exceed cash flowNo65% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.2 per 10K words · 39th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$2.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$5K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $59M | $96M | $132M | $163M | $195M | 20% |
| Operating cash flow | $31M | $51M | $80M | $90M | $110M | 21% |
| Stock-based comp | $4M | $5M | $5M | $6M | $6M | 4.3% |
| Buybacks | $504K | $1M | $688K | $1M | $753K | 50% |
| Dividends | $30M | $40M | $52M | $63M | $70M | 11% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $155K · 4
- Open-market sells, 12 mo
- $150K · 1
- Net
- $5K
Pay vs performance
No pay-versus-performance disclosure yet.