NETSTREIT Corp. Plans Quarterly Dividend of $0.23 (NYSE:NTST)

Key Points

• NETSTREIT declared a quarterly dividend of $0.225 per share, payable September 15 to shareholders of record September 1. The annualized dividend is $0.90 per share, yielding approximately 4.4%.
• The dividend payout ratio is currently high at 310.3%, meaning earnings do not fully cover the dividend; however, expected earnings of $1.39 per share next year imply a more sustainable 64.7% payout ratio.
• NETSTREIT reported quarterly earnings of $0.06 per share, below analyst expectations of $0.08, while revenue of $61.28 million exceeded the $56.41 million consensus estimate.

NETSTREIT Corp. (NYSE:NTST - Get Free Report) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.225 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

NETSTREIT has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. NETSTREIT has a payout ratio of 310.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect NETSTREIT to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 64.7%.

NETSTREIT Stock Performance

NYSE NTST opened at $20.49 on Friday. NETSTREIT has a 52-week low of $17.02 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 3.54 and a current ratio of 3.55. The company has a market capitalization of $2.08 billion, a P/E ratio of 136.60, a P/E/G ratio of 2.64 and a beta of 0.81. The company has a fifty day moving average of $21.13 and a 200-day moving average of $20.46.

NETSTREIT (NYSE:NTST - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). NETSTREIT had a net margin of 6.35% and a return on equity of 0.95%. The firm had revenue of $61.28 million during the quarter, compared to the consensus estimate of $56.41 million. NETSTREIT has set its FY 2026 guidance at 1.370-1.390 EPS. As a group, equities research analysts predict that NETSTREIT will post 1.31 EPS for the current fiscal year.

About NETSTREIT

NetSTREIT Corp. is a real estate investment trust that specializes in the acquisition and management of single‐tenant, net lease retail properties across the United States. The company targets assets leased to investment‐grade or creditworthy tenants under long‐term, triple‐net leases, which generally shift property‐level expenses—such as taxes, insurance and maintenance—to the tenant. This business model is designed to generate predictable, stable income streams and to limit landlord responsibilities.

NetSTREIT’s portfolio encompasses a diversified mix of essential retail and service properties, including quick‐service restaurants, convenience stores, banks, automotive service centers and medical clinics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source