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NETSTREIT Corp. (NTST) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
2021 MCKINNEY AVENUE DALLAS, TX 75201 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2026 MRQ | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Deferred costs | 2,171 | 1,641 | 1,031 | 796 | 615 | ||||
| Total current assets: | 2,171 | 1,641 | 1,031 | 796 | 615 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,086 | 3,484 | 3,866 | 4,235 | 4,581 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 773,600 | 572,697 | 462,619 | 403,115 | 301,592 | 189,373 | |||
| Intangible asset, including goodwill, after accumulated amortization | 173,440 | 164,392 | 161,354 | 151,006 | 124,772 | 75,024 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 173,440 | 164,392 | 161,354 | 151,006 | 124,772 | 75,024 | |||
| Total noncurrent assets: | 950,126 | 740,573 | 627,839 | 558,356 | 430,945 | 264,397 | |||
| Other undisclosed assets | 1,661,899 | 1,517,132 | 1,317,366 | 1,046,540 | 636,881 | 461,418 | |||
| TOTAL ASSETS: | 2,614,196 | 2,259,346 | 1,946,236 | 1,605,692 | 1,068,441 | 725,815 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Deferred rent credit | |||||||||
| Other liabilities | |||||||||
| Total current liabilities: | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,161,630 | 921,214 | 672,804 | 547,269 | 278,626 | 197,742 | |||
| Total liabilities: | 1,161,630 | 921,214 | 672,804 | 547,269 | 278,626 | 197,742 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,446,012 | 1,330,971 | 1,264,904 | 1,048,830 | 779,170 | 494,098 | |||
| Common stock | 931 | 816 | 732 | 580 | 442 | 282 | |||
| Additional paid in capital | 1,701,572 | 1,507,995 | 1,367,505 | 1,091,514 | 809,724 | 501,045 | |||
| Accumulated other comprehensive income (loss) | (4,565) | 10,206 | 8,943 | 23,673 | 4,123 | 235 | |||
| Accumulated deficit | (251,926) | (188,046) | (112,276) | (66,937) | (35,119) | (7,464) | |||
| Equity, attributable to noncontrolling interest | 6,554 | 7,161 | 8,528 | 9,593 | 10,645 | 33,975 | |||
| Total equity: | 1,452,566 | 1,338,132 | 1,273,432 | 1,058,423 | 789,815 | 528,073 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,614,196 | 2,259,346 | 1,946,236 | 1,605,692 | 1,068,441 | 725,815 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 195,006 | 162,784 | 131,905 | 96,279 | 59,140 | 33,727 | ||
| Operating lease, lease income | 182,136 | 150,823 | 123,967 | 93,934 | 59,140 | 33,727 | ||
| Cost of revenue | (105,805) | (94,652) | (80,546) | (62,609) | (37,310) | (18,028) | ||
| Cost of product and service sold | (105,587) | (94,293) | (80,090) | (61,770) | (36,610) | (18,028) | ||
| Gross profit: | 89,201 | 68,132 | 51,359 | 33,670 | 21,830 | 15,699 | ||
| Operating expenses | (38,991) | (49,691) | (27,259) | (20,167) | (18,349) | (18,759) | ||
| Other operating expense, net (Other Expenses) | (10) | |||||||
| Operating income (loss): | 50,210 | 18,441 | 24,100 | 13,503 | 3,481 | (3,070) | ||
| Nonoperating income (expense) | (43,218) | (30,392) | (17,259) | (4,902) | (272) | 1,712 | ||
| Other nonoperating income (expense) | 444 | (1,944) | 752 | 131 | 431 | |||
| Interest and debt expense | (46) | (30,324) | (128) | (9,181) | (3,700) | (4,741) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,946 | (42,275) | 6,713 | (580) | (491) | (6,099) | ||
| Other undisclosed income from continuing operations before income taxes | 46 | 30,324 | 128 | 9,181 | 3,700 | |||
| Income (loss) from continuing operations before income taxes: | 6,992 | (11,951) | 6,841 | 8,601 | 3,209 | (6,099) | ||
| Income tax expense (benefit) | (54) | (49) | 49 | (396) | (59) | |||
| Income (loss) from continuing operations: | 6,938 | (12,000) | 6,890 | 8,205 | 3,150 | (6,099) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 3,150 | (6,099) | |
| Other undisclosed net income | 6,311 | |||||||
| Net income (loss): | 6,938 | (12,000) | 6,890 | 8,205 | 3,150 | 212 | ||
| Net income (loss) attributable to noncontrolling interest | (37) | 63 | (53) | (88) | (104) | 518 | ||
| Net income (loss) attributable to parent: | 6,901 | (11,937) | 6,837 | 8,117 | 3,046 | 730 | ||
| Preferred stock dividends and other adjustments | (42) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | ||||||||
| Net income (loss) available to common stockholders, basic: | 6,901 | (11,937) | 6,837 | 8,117 | 3,046 | 688 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 37 | (63) | 53 | 88 | 104 | (518) | ||
| Net income (loss) available to common stockholders, diluted: | 6,938 | (12,000) | 6,890 | 8,205 | 3,150 | 170 | ||
Comprehensive Income ($ in thousands)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,938 | (12,000) | 6,890 | 8,205 | 3,150 | 212 | ||
| Other comprehensive income (loss) | (14,851) | 1,269 | (14,822) | 19,758 | 4,057 | 253 | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | (7,913) | (10,731) | (7,932) | 27,963 | 7,207 | 465 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 43 | 57 | 39 | (296) | (273) | |||