← NETSTREIT Corp.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $212k |
$3.1m
+1385.85%
|
$8.2m
+160.48%
|
$6.9m
-16.03%
|
($12.0m)
-274.17%
|
$6.9m
+157.82%
|
— | |
| Depreciation and amortization | $15.5m | $30.8m | $50.1m | $63.7m | $76.9m | $86.4m | $94.2m | |
| Amortization of deferred financing costs | $621k | $627k | $862k | $1.7m | $2.2m | $3.1m | — | |
| Amortization of above/below-market assumed debt | $0 | $0 | $29k | $114k | $114k | $114k | — | |
| Amortization of deferred losses (gains) on interest rate swaps | — | $0 | $0 | ($2.1m) | ($3.8m) | $2.9m | — | |
| Stock-based compensation expense | $2.5m | $3.7m | $4.8m | $4.8m | $5.7m | $5.9m | $6.4m | |
| Provisions for impairment | $2.7m | $3.5m | $1.1m | $7.1m | $30.0m | $17.3m | — | |
| Accounts payable, accrued expenses, and other liabilities | $3.4m | $1.7m | $1.2m | $3.7m | ($946k) | $494k | $4.0m | |
| Deferred offering costs included in accounts payable, accrued expenses, and other liabilities | — | $0 | $0 | $7k | $35k | $0 | — | |
| Loan Origination Fees On Mortgage Loans Receivable, Accrued Not Yet Received | — | — | $0 | $0 | $200k | $230k | — | |
| Accrued capital expenditures and real estate development and improvement costs | $375k | $3.0m | $2.5m | $5.7m | $4.5m | $3.0m | — | |
| Accrued lease incentives | — | — | $0 | $0 | $368k | $0 | — | |
| Other assets, net | ($1.5m) | ($1.1m) | ($6.2m) | ($1.2m) | ($1.2m) | ($102k) | — | |
| Net cash provided by operating activities | $12.7m |
$31.5m
+146.91%
|
$50.6m
+60.90%
|
$80.2m
+58.26%
|
$90.2m
+12.49%
|
$109.5m
+21.46%
|
$119.8m
+9.43%
|
|
| Purchase of computer equipment and other corporate assets | ($51k) | ($732k) | ($1.2m) | ($35k) | ($8k) | ($52k) | — | |
| Proceeds from the settlement of property-related insurance claims | $0 | $928k | $126k | $78k | $403k | $45k | — | |
| Acquisitions of real estate | ($408.6m) | ($441.3m) | ($424.8m) | ($340.5m) | ($479.0m) | ($598.1m) | — | |
| Net cash used in investing activities | ($362.1m) | ($430.1m) | ($468.4m) | ($452.0m) | ($432.9m) | ($448.8m) | ($799.4m) | |
| Loss on debt extinguishment | — | $0 | $0 | $128k | $0 | $46k | — | |
| Issuance of common stock in public offerings, net | $227.3m | $283.1m | $277.7m | $271.4m | $135.5m | $188.3m | $298.5m | |
| Payment of common stock dividends | ($8.1m) | ($30.2m) | ($39.5m) | ($51.7m) | ($63.5m) | ($70.2m) | — | |
| Repurchase of common stock for tax withholding obligations | ($137k) | ($504k) | ($1.5m) | ($688k) | ($1.5m) | ($753k) | — | |
| Payment of restricted stock dividends | ($10k) | ($34k) | ($339k) | ($148k) | ($599k) | ($277k) | — | |
| Dividends declared and unpaid on restricted stock | $113k | $506k | $403k | $501k | $376k | $550k | — | |
| Net cash provided by financing activities | $272.7m |
$313.6m
+15.00%
|
$480.7m
+53.26%
|
$331.2m
-31.10%
|
$327.1m
-1.23%
|
$339.5m
+3.78%
|
$679.8m
+100.25%
|
|
| Cash, cash equivalents, and restricted cash at beginning of the period | $92.6m | $7.6m | $70.5m | $29.9m | $14.3m | $14.5m | — | |
| Net change in cash, cash equivalents, and restricted cash | ($76.7m) | ($85.0m) | $62.9m | ($40.6m) | ($15.6m) | $147k | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Noncash revenue adjustments | ($2.2m) | ($1.8m) | ($2.5m) | ($1.6m) | ($3.7m) | ($5.1m) | — | |
| Gain on sales of real estate, net | ($6.2m) | ($3.0m) | ($4.1m) | ($1.2m) | ($1.9m) | ($7.7m) | — | |
| (Gain) loss on involuntary conversion of building and improvements | $0 | ($438k) | ($126k) | ($78k) | $502k | ($45k) | — | |
| Lease incentive payments | $0 | ($5.8m) | ($2.7m) | ($1.7m) | ($1.7m) | ($667k) | — | |
| Real estate development and improvements | ($2.0m) | ($19.9m) | ($22.4m) | ($78.8m) | ($40.3m) | ($9.4m) | — | |
| Investment in mortgage loans receivable | — | $0 | ($46.5m) | ($72.4m) | ($29.5m) | ($37.4m) | — | |
| Principal collections on mortgage loans receivable | — | $0 | $0 | $1.5m | $24.9m | $31.3m | — | |
| Proceeds from sale of mortgage loans receivable | — | — | — | $0 | $0 | $10.5m | — | |
| Earnest money deposits | $466k | ($219k) | $868k | ($265k) | ($67k) | ($6.3m) | — | |
| Proceeds from sale of real estate | $48.1m | $31.1m | $25.5m | $38.5m | $90.8m | $160.6m | — | |
| Payment of OP unit distributions | ($777k) | ($1.1m) | ($419k) | ($407k) | ($369k) | ($358k) | — | |
| Principal payments on mortgages payable | $0 | $0 | ($48k) | ($138k) | ($155k) | ($164k) | — | |
| Proceeds under revolving credit facilities | $50.0m | $150.0m | $515.0m | $361.0m | $392.0m | $349.0m | — | |
| Repayments under revolving credit facilities | ($50.0m) | ($86.0m) | ($466.0m) | ($394.0m) | ($233.0m) | ($588.0m) | — | |
| Proceeds from term loans | $0 | $0 | $200.0m | $150.0m | $100.0m | $518.7m | — | |
| Principal payments on term loans | $0 | $0 | — | $0 | $0 | ($43.7m) | — | |
| Payment of deferred offering costs | — | ($1.7m) | ($1.2m) | ($878k) | ($1.3m) | ($1.0m) | — | |
| Payment of deferred financing costs | ($129k) | $0 | ($3.8m) | ($3.3m) | $0 | ($12.0m) | — | |
| Cash paid for interest, net of amounts capitalized | $4.2m | $3.0m | $7.2m | $18.3m | $30.3m | $44.0m | — | |
| Cash (received) paid for income taxes, net | — | $0 | $129k | $628k | ($31k) | ($64k) | — | |
| Cash flow hedge change in fair value | $253k | $4.1m | $19.8m | $12.7m | $5.1m | ($17.7m) | — | |
| Mortgage loan receivable settled in exchange for acquisition of real estate | — | $0 | $0 | $4.7m | $0 | $0 | — | |
| Increase in mortgage loan receivable in exchange for disposition of real estate | — | $0 | $0 | $1.8m | $20.1m | $8.4m | — | |
| Refinancing of mortgage loan receivable | — | $0 | $0 | $1.3m | $0 | $0 | — | |
| Mortgage note assumed at fair value | — | $0 | $7.9m | $0 | $0 | $4.9m | — |