Netstreit

NTST · NYSE

$17.05+$0.23 (+1.37%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $16.82

NTST analyst rating

BuyConsensus of 14 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy14
Hold0
Underperform0
Sell0

12-month price target · 21 analysts

Average $23.27 (+36.5% upside)

Low: $20.20
Now: $17.05
High: $26.25

Upgrades and downgrades

The latest rating actions, newest first

NTST analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Overweight	$23.00 → $20.00	48%
Mizuho	Oct 19, 2026	Maintains	Outperform	$20.00 → $19.00	44%
Truist Securities	Oct 2, 2026	Initiates	Buy	$22.00 → $21.00	54%
Scotiabank	Sep 24, 2026	Maintains	Sector Outperform	$22.00 → $20.00	47%
Mizuho	Sep 17, 2026	Maintains	Outperform	$23.00 → $20.00	44%
Cantor Fitzgerald	Jul 28, 2026	Maintains	Overweight	$24.00 → $25.00	40%
Baird	Jul 23, 2026	Maintains	Outperform	$22.00 → $23.00	38%
Stifel	Jul 23, 2026	Maintains	Buy	$22.25 → $23.50	54%
BMO Capital	Jul 20, 2026	Maintains	Outperform	$24.00 → $25.00	45%
BTIG	Jun 26, 2026	Maintains	Buy	$22.00 → $24.00	53%

The case for and against

Updated Oct 15, 2026

Bull case

Netstreit is supported by a portfolio concentrated in investment-grade tenants, which account for more than 60% of ABR, giving the company a resilient rent base tied to necessity-driven retail categories such as drug stores, grocers, home improvement, and auto parts. Its small but newly assembled and pruned asset base creates room for outsized FFO per share growth, with estimates implying 2026 FFO of $1.34 per share and FAD of $1.39 per share, followed by 2027 FAD of $1.45 per share. The outlook is further strengthened by a management team with prior public-company experience and by expected acquisition volume of $719 million in 2026 and $740 million in 2027, which should support steady FAD growth and improving scale.

Bear case

Netstreit is vulnerable because its valuation and growth case depend on achieving a 16.0x multiple on 2027 AFFO of $1.47, leaving limited room for disappointment if fundamentals weaken. The outlook is pressured by macro risks such as a prolonged downturn or recession, interest rate volatility, and continued weakness in mortgage-backed securities and commercial real estate fundamentals, any of which could impair its access to capital and acquisition returns. In addition, relatively high tenant concentration raises exposure to bankruptcies, vacancies, rent abatements, and rent deferrals, while further G&A expansion could erode profitability and undercut accretive growth.

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