Abstract

NetSTREIT Corp. will report quarterly results on February 10, 2026 Post Market; this preview compiles the latest financial forecast, last quarter performance, and the consensus read-through on earnings sensitivity, with emphasis on revenue trajectory, profitability mix, and near-term catalysts.

Market Forecast

For the current quarter, forecasts indicate NetSTREIT Corp.’s revenue of $46.68 million, implying estimated year-over-year growth of 13.75%, with projected EBIT of $18.55 million and estimated EPS of $0.06; the year-over-year EPS growth rate implied by the estimate is 24.72%. Recent modeling indicates profitability remaining reliant on a high gross profit margin base, while net margin expansion is likely modest near term given financing costs, with adjusted EPS expected to tick up year over year. The core leasing portfolio is expected to maintain stable occupancy and cash flows, and the most promising revenue line remains rental income at $45.03 million with an implied mid-teens year-over-year increase.

Last Quarter Review

In the previous quarter, NetSTREIT Corp. delivered revenue of $48.31 million, a gross profit margin of 91.06%, GAAP net profit attributable to the parent company of $0.62 million, a net profit margin of 1.28%, and adjusted EPS of $0.01, with revenue up 16.56% year over year and EPS positive on a reported basis. The company’s rental income remained the primary engine of top line, supported by real estate net lease economics and portfolio growth, while the quarter’s net income was pressured by non-operating and financing items. Main business performance was led by rental income of $45.03 million and mortgage interest income of $3.28 million, with rental revenue demonstrating the most resilient trend year over year.

Current Quarter Outlook (with major analytical insights)

Main leasing income trajectory

Rental income is positioned to remain the foundation of results, with estimated total revenue of $46.68 million suggesting stability in collections and limited churn in the triple-net portfolio. The high gross profit margin profile near 90.00% aligns with the contractual nature of lease structures and minimal operating expense leakage. However, the quarter-on-quarter revenue pullback from $48.31 million to $46.68 million embedded in the estimates hints at timing effects from asset recycling or slower acquisition closings, rather than a deterioration in rent health. Investors will watch leased percentage, cash rent spreads on renewals, and rent escalators to gauge whether same-store growth is compensating for any portfolio pruning.

Most promising business stream: Rental revenue growth and mix

Rental revenue at $45.03 million carries the largest growth potential due to a combination of organic escalators and selective external growth. The estimates imply double-digit year-over-year revenue expansion for the quarter, which would be consistent with a long-duration, high-occupancy net-lease portfolio continuing to accrete assets. A supportive backdrop for necessity-based tenants should aid collections, while careful tenant credit underwriting remains central to sustaining growth. The incremental contribution from mortgage interest income at $3.28 million is comparatively small, but it broadens income sources and may smooth top-line volatility if acquisition cadence moderates.

Key stock price drivers this quarter

Profitability leverage versus financing costs is the principal swing factor for earnings per share in the near term. Forecast EPS of $0.06 alongside EBIT of $18.55 million indicates that interest expense and non-cash items will determine how much of the margin flows to the bottom line. Any reduction in the effective borrowing rate or optimization of the liability stack could support a positive EPS surprise, particularly if recurring general and administrative costs remain controlled. Conversely, elevated interest costs could cap net margin expansion, which is why investors are likely to focus on debt maturity schedules, hedging, and liquidity buffers. In addition, the pace of acquisitions and dispositions affects revenue run-rate; steady external growth at accretive yields would reinforce the revenue trajectory, while elongated closing timelines could explain sequential movements despite solid year-over-year growth. Lastly, visibility into tenant credit health and rent escalations will color the sustainability of the current high gross margin base.

Analyst Opinions

The balance of recent institutional commentary trends Neutral-to-Cautious, reflecting confidence in rental cash flow durability but tempered by the drag from financing costs on net income conversion. Analysts emphasizing the stability of high gross profit margins and year-over-year revenue growth generally maintain a constructive stance on the operating outlook, while acknowledging that EPS upside is contingent on funding conditions and disciplined external growth. The prevailing majority view highlights that a solid EBIT profile and predictable rental income underpin the quarter, yet the path to sustained EPS acceleration depends on managing the interest burden and maintaining acquisition discipline across the pipeline.