NETSTREIT

NTST

REIT - Retail · Real Estate

Exchange

New York Stock Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Good

Cash Flow

Good

Stability

Mixed

Valuation

Good

Dividends

Strong

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Winston Score History

The full picture

NETSTREIT is a real estate investment trust (REIT) that owns single-tenant retail properties across the United States. The company buys buildings and leases them to retailers and service businesses — tenants include pharmacy chains, dollar stores, home improvement retailers, and fast food restaurants. It focuses on properties leased to tenants with strong credit ratings, meaning tenants that are less likely to stop paying rent.

NETSTREIT makes money by collecting rent from its tenants under long-term net leases, where tenants pay most property expenses like taxes and maintenance. The company operates entirely in the U.S. and has a portfolio of several hundred properties spread across dozens of states. Its focus on investment-grade tenants gives it some protection against tenant defaults, but rising interest rates are a key risk because REITs typically borrow heavily to buy properties, and higher borrowing costs can squeeze profits and slow portfolio growth.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+26.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+50.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$20M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

NETSTREIT grew revenue 27% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

90.7%

Premium pricing power — 90.7% gross margin

Profit after running costs

Operating Margin

32.2%

Excellent — 32.2% operating margin

Return on the money invested

ROCE

2.5%

Weak — 2.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+20.3%

Fast-growing sales (+20.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

862%

Turns 862% of profit into real cash

Spare cash per sale

FCF Margin

-167.3%

Burning cash (-167.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.89

Moderate — manageable debt (0.89)

Covers its interest

Interest Cover

1.23x

Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

142.6x

no trend

Expensive — P/E 142.6

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+97.4

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (142.6 → 45.2)

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Dividends

Dividend

Dividend Yield

4.40%

no trend

Healthy income — 4.40% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+4.1%

no trend

Dividend growing modestly (4.1% YoY)

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