Netstreit Corp. (NTST) intrinsic value & 10-year financials

Netstreit Corp. (NTST) has a Graham intrinsic value of $2.66 per share. At $17.19 on Oct 17, 2026, the stock trades 546% above that value. Over the last 8 fiscal years revenue grew 42.0% a year to $195.0M, with an average return on invested capital of 0.2%.

Graham intrinsic value
$2.66
Share price (Oct 17, 2026)
$17.19
Price vs Graham value
546% above
Market cap
$1.4B
Revenue (FY2025)
$195.0M
Revenue growth (8-yr CAGR)
42.0%
ROIC (10-yr avg)
0.2%
Free cash flow (FY2025)
$109.5M

NTST 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $195.0M $6.9M $0.08 $109.5M — 0.3%
FY2024 $162.8M -$12.0M -$0.16 $90.2M — -0.6%
FY2023 $131.9M $6.9M $0.11 $80.1M — 0.4%
FY2022 $96.3M $8.2M $0.16 $49.4M — 0.7%
FY2021 $59.1M $3.1M $0.08 $30.7M — 0.4%
FY2020 $33.7M $212.0K $0.01 $12.7M — 0.0%
FY2019 — -$8.1M — — — —
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

NETSTREIT Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

NETSTREIT Corp. has historically struggled to out-earn its cost of capital, averaging just 0.2% ROIC.

NETSTREIT Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, NETSTREIT Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.66 per share.

NTST stock: frequently asked questions

What is the intrinsic value of Netstreit Corp. (NTST) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, NTST's intrinsic value is about $2.66 per share.

Is NTST stock undervalued?

At $17.19 (close on Oct 17, 2026), NTST trades 546% above its Graham value of $2.66. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Netstreit Corp. generate free cash flow?

Netstreit Corp. generated $109.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 6 reported years.

What is NTST's return on invested capital?

Average ROIC over the last 8 fiscal years was 0.2%, and average return on equity was 0.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NTST data come from?

From Netstreit Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 22, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar real estate investment trusts stocks