NETSTREIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	182.14	150.82	123.97	93.93	59.14
Other Revenue	0.25	0.4	0.55	-	-
Total Revenue	195.01	162.78	131.91	96.28	59.14
Revenue Growth (YoY	19.79%	23.41%	37.00%	62.80%	75.35%
Property Expenses	19.43	17.78	16.87	12.53	6.5
Selling, General & Administrative	21.72	19.72	20.18	19.05	14.81
Depreciation & Amortization	86.38	76.87	63.68	50.08	30.81
Total Operating Expenses	127.53	114.37	100.72	81.66	52.12
Operating Income	67.48	48.41	31.18	14.62	7.02
Interest Expense	-51.3	-30.32	-19.06	-9.18	-3.7
Other Non-Operating Income	0.44	1.26	0.75	0.13	0.43
EBT Excluding Unusual Items	16.62	19.34	12.88	5.57	3.75
Gain (Loss) on Sale of Assets	7.69	1.88	1.18	4.15	3
Asset Writedown	-17.27	-29.97	-7.08	-1.11	-3.54
Other Unusual Items	-0.05	-3.2	-0.13	-	-
Pretax Income	6.99	-11.95	6.84	8.6	3.21
Income Tax Expense	0.05	0.05	-0.05	0.4	0.06
Earnings From Continuing Operations	6.94	-12	6.89	8.21	3.15
Minority Interest in Earnings	-0.04	0.06	-0.05	-0.09	-0.1
Net Income	6.9	-11.94	6.84	8.12	3.05
Net Income to Common	6.9	-11.94	6.84	8.12	3.05
Net Income Growth	-	-	-15.77%	166.48%	317.26%
Basic Shares Outstanding	83	77	64	50	37
Diluted Shares Outstanding	84	77	65	50	39
Shares Change (YoY)	10.05%	18.33%	28.22%	30.41%	82.78%
EPS (Basic)	0.08	-0.16	0.11	0.16	0.08
EPS (Diluted)	0.08	-0.16	0.11	0.16	0.08
EPS Growth	-	-	-34.51%	99.74%	913.85%
Dividend Per Share	0.850	0.830	0.810	0.800	0.800
Dividend Growth	2.41%	2.47%	1.25%	-	166.67%
Operating Margin	34.60%	29.74%	23.64%	15.18%	11.87%
Profit Margin	3.54%	-7.33%	5.18%	8.43%	5.15%
EBITDA	154.86	126.5	96.26	64.41	37.53
EBITDA Margin	79.41%	77.71%	72.98%	66.90%	63.47%
D&A For Ebitda	87.38	78.09	65.08	49.79	30.51
EBIT	67.48	48.41	31.18	14.62	7.02
EBIT Margin	34.60%	29.74%	23.64%	15.18%	11.87%
Funds From Operations (FFO)	101.24	92.65	-	-	-
FFO Per Share	1.20	1.20	-	-	-
Adjusted Funds From Operations (AFFO)	109.92	97.41	-	-	-
AFFO Per Share	1.31	1.26	-	-	-
FFO Payout Ratio	69.64%	69.14%	-	-	-
Effective Tax Rate	0.77%	-	-	4.60%	1.84%
Revenue as Reported	195.01	162.78	131.91	96.28	59.14

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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