NETSTREIT Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $195.0M | $162.8M | $136.2M | $99.4M | $50.6M | $19.8M | $19.8M |
| Rental Revenue | — | — | $136.2M | $99.4M | $50.6M | $19.8M | — |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $21.7M | $19.7M | $20.2M | $19.1M | $14.8M | $11.3M | $3.6M |
| Operating Income | $58.3M | $18.4M | $25.9M | $17.8M | $6.9M | $5.0M | $2.6M |
| Operating Margin | 29.9% | 11.3% | 19.0% | 17.9% | 13.7% | 25.0% | 13.3% |
| Interest Expense | $51.3M | $30.3M | $19.1M | $9.2M | $3.7M | $4.7M | $10.7M |
| Pretax Income | $7.0M | $-12.0M | $6.8M | $8.6M | $3.2M | $212.0K | $-8.1M |
| Income Tax Expense | $54.0K | $49.0K | $-49.0K | $396.0K | $59.0K | $0 | $0 |
| Net Income | $6.9M | $-12.0M | $6.9M | $8.2M | $3.2M | $212.0K | $-8.1M |
| Net Margin | 3.6% | -7.4% | 5.1% | 8.3% | 6.2% | 1.1% | -40.8% |
| EPS (Basic) | $0.08 | $-0.16 | $0.11 | $0.16 | $0.08 | $0.04 | — |
| EPS (Diluted) | $0.08 | $-0.16 | $0.11 | $0.16 | $0.08 | $0.01 | — |
| Shares Outstanding (Basic) | 82.7M | 76.5M | 63.9M | 49.5M | 37.0M | 17.3M | 8.9M |
| Shares Outstanding (Diluted) | 84.2M | 76.5M | 64.7M | 50.4M | 38.7M | 21.2M | 8.9M |
| Dividends Per Share | $0.85 | $0.83 | $0.81 | $0.80 | $0.80 | $0.30 | — |