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No. of Recommendations: 4
From a Seeking Alpha contributor:

NetSTREIT: Lean, Mean, High-Quality Net Lease Growth Machine

Summary

NTST is a brand new net lease REIT that just debuted as a public company in August, 2020.

Its focus on high-quality, investment-grade retailers and exclusion of experiential tenants like movie theaters, fitness centers, and childcare is attractive in this environment.

At its current tiny size, NTST is set to grow rapidly with the proceeds of its IPO.

Can management be trusted? I explain why I believe they can.

NTST ranks among the likes of Realty Income and Agree Realty in terms of overall strategy and portfolio quality.


Read on:

https://seekingalpha.com/article/4373578-netstreit-lean-mean...

It went public last month.

Here are comments from a Wells Fargo analyst:

https://seekingalpha.com/news/3612067-netstreit-gets-bullish...

It may be worth a look. I don't know.

David
No position
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No. of Recommendations: 1
Its hard to make a call about a new player until we see a couple quarters of results. Stated plans and quality and actual results would be meshing nicely by that point, I would think.
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No. of Recommendations: 0
I glanced at their tenant list and see lots of vulnerability there. No secret sauce as far as I can determine, needs to prove itself.
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No. of Recommendations: 0
I glanced at their tenant list and see lots of vulnerability there. No secret sauce as far as I can determine, needs to prove itself.

Agreed.
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No. of Recommendations: 4
...investment-grade retailers and exclusion of experiential tenants like movie theaters, fitness centers, and childcare

I'd tread carefully here.

I haven't read any prospectus but with 12 employees all under the age of 50...most in their late 30s or early 40s, there's not a lot of experience here and it sounds like they are marketing shares to the fear of virus-sensitive businesses.

This may work out or it may be a bit of over-reach, as their top 10 holdings of 7-Eleven, Walmart, CVS, Ollie's Bargain Outlet, Lowe's, Advance Auto Parts, Dollar General, Walgreens, Home Depot and Kohl's...many are trading at high multiples, meaning their RE is likely expensive. And with total assets of around $500MM, its starting small.

Thanks for the head's up....I've added it to my watch list to see how it fares.

BruceM
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