NetSTREIT Corp. (NTST) Financial Statements (2024 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)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Deferred costs | 1,031 | 796 | 615 | ||||
| Total current assets: | 1,031 | 796 | 615 | ||||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 3,866 | 4,235 | 4,581 | ||||
| Property, plant and equipment | 462,619 | 403,115 | 301,592 | 189,373 | |||
| Intangible assets, net (including goodwill) | 161,354 | 151,006 | 124,772 | 75,024 | |||
| Intangible assets, net (excluding goodwill) | 161,354 | 151,006 | 124,772 | 75,024 | |||
| Total noncurrent assets: | 627,839 | 558,356 | 430,945 | 264,397 | |||
| Other undisclosed assets | 1,317,366 | 1,046,540 | 636,881 | 461,418 | |||
| TOTAL ASSETS: | 1,946,236 | 1,605,692 | 1,068,441 | 725,815 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Noncurrent Liabilities | |||||||
| Other undisclosed liabilities | 672,804 | 547,269 | 278,626 | 197,742 | |||
| Total liabilities: | 672,804 | 547,269 | 278,626 | 197,742 | |||
| Equity | |||||||
| Equity, attributable to parent | 1,264,904 | 1,048,830 | 779,170 | 494,098 | |||
| Common stock | 732 | 580 | 442 | 282 | |||
| Additional paid in capital | 1,367,505 | 1,091,514 | 809,724 | 501,045 | |||
| Accumulated other comprehensive income | 8,943 | 23,673 | 4,123 | 235 | |||
| Accumulated deficit | (112,276) | (66,937) | (35,119) | (7,464) | |||
| Equity, attributable to noncontrolling interest | 8,528 | 9,593 | 10,645 | 33,975 | |||
| Total equity: | 1,273,432 | 1,058,423 | 789,815 | 528,073 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,946,236 | 1,605,692 | 1,068,441 | 725,815 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 131,905 | 96,279 | 59,140 | 33,727 | ||
| Operating lease, lease income | 123,967 | 93,934 | 59,140 | 33,727 | ||
| Cost of revenue | (80,546) | (62,609) | (37,310) | (18,028) | ||
| Cost of goods and services sold | (80,090) | (61,770) | (36,610) | (18,028) | ||
| Gross profit: | 51,359 | 33,670 | 21,830 | 15,699 | ||
| Operating expenses | (27,259) | (20,167) | (18,349) | (18,759) | ||
| Other operating expense, net (Other Expenses) | (10) | |||||
| Operating income (loss): | 24,100 | 13,503 | 3,481 | (3,070) | ||
| Nonoperating income (expense) | (17,259) | (4,902) | (272) | 1,712 | ||
| Other nonoperating income (expense) | 752 | 131 | 431 | |||
| Interest and debt expense | (128) | (9,181) | (3,700) | (4,741) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 6,713 | (580) | (491) | (6,099) | ||
| Other undisclosed income from continuing operations before income taxes | 128 | 9,181 | 3,700 | |||
| Income (loss) from continuing operations before income taxes: | 6,841 | 8,601 | 3,209 | (6,099) | ||
| Income tax expense (benefit) | 49 | (396) | (59) | |||
| Income (loss) from continuing operations: | 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: | 6,890 | 8,205 | 3,150 | 212 | ||
| Net income (loss) attributable to noncontrolling interest | (53) | (88) | (104) | 518 | ||
| Net income attributable to parent: | 6,837 | 8,117 | 3,046 | 730 | ||
| Preferred stock dividends and other adjustments | (42) | |||||
| Net income available to common stockholders, basic: | 6,837 | 8,117 | 3,046 | 688 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | 53 | 88 | 104 | (518) | ||
| Net income available to common stockholders, diluted: | 6,890 | 8,205 | 3,150 | 170 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income: | 6,890 | 8,205 | 3,150 | 212 | ||
| Other comprehensive income (loss) | (14,822) | 19,758 | 4,057 | 253 | ||
| Other undisclosed comprehensive loss | ||||||
| Comprehensive income (loss): | (7,932) | 27,963 | 7,207 | 465 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 39 | (296) | (273) | 500 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,893) | 27,667 | 6,934 | 965 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.