
NETSTREIT Corp (NTST) Stock Forecast & Price Target
NETSTREIT Corp (NTST) Analyst Ratings
Bulls say
Netstreit Corp's portfolio demonstrates inherent strength by focusing on high-credit quality tenants in essential retail sectors, which positions the company favorably amidst economic fluctuations. The company has experienced a 30% year-to-date decrease in its cost of equity, leading to an improved implied AFFO yield of 7.2% and expanding investment spreads to 120 basis points. Forecasts indicate that AFFO per share growth is expected to accelerate to 6% by 2027, enhancing the positive outlook based on improved portfolio and investment accretion potential.
Bears say
Netstreit's stock outlook is negatively impacted by a noticeable decline in average base rent (ABR) exposure from significant tenants such as Family Dollar and Walgreens, indicating potential instability in rental income streams due to increased tenant credit and concentration risks. Additionally, the company faces challenges in sourcing accretive acquisitions amidst rising interest rates and has been adversely affected by tenant bankruptcies, which threaten to decrease net operating income (NOI) and may lead to dividend cuts. The overall investment activity has stalled, highlighting concerns over the sustainability of cash flows and the long-term viability of Netstreit's growth strategy.
This aggregate rating is based on analysts' research of NETSTREIT Corp and is not a guaranteed prediction by Public.com or investment advice.
NETSTREIT Corp (NTST) Analyst Forecast & Price Prediction
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