NTST NETSTREIT Corp.

Overview and Growth

Fiscal 2025 results for NETSTREIT Corp. combined $195.01M of revenue with net income of $6.90M and an operating cash inflow of $109.51M. The $195.01M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 19.8% from $162.78M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $0.08, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 84.20M, linking total earnings with the per-share result received by shareholders. Compared with 76.52M diluted shares in fiscal 2024, the current 84.20M base was 10.0% higher. Total assets stood at $2.61B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.07x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The bottom-line result was net income of $6.90M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 3.5% margin after operating costs and the remaining recognized items. The earnings statement records $6.99M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 3.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $54.00K of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 0.8%, without assuming a statutory-rate comparison. Return on period-end equity was 0.5%, relating annual net income to the equity capital on the balance sheet. Net income represented 0.3% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Net income of $6.90M replaced the $11.94M loss reported in fiscal 2024.

Liquidity and Capital Structure

Total assets were $2.61B, supported by $1.16B of liabilities and $1.45B of shareholder equity. Cash and equivalents totaled $14.47M, identifying the most liquid reported component available within the broader current-asset balance. Borrowings totaled $1.10B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.75x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 41.9% of total assets, placing borrowing in the context of the company’s full resource base. The equity-to-assets relationship was 55.6%, placing book capital against the total resource base. Relative to total assets, liabilities measured 44.4%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 0.6%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 15.7% from $2.26B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 8.6% from $1.34B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 1.0% higher than fiscal 2024 cash of $14.32M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $109.51M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 15.87x, showing the relationship between accrual earnings and operating cash. The operating cash outcome moved from $90.16M in fiscal 2024 to $109.51M, ending above the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.