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Netstreit (Netstreit) Operating Income : $26.2 Mil (TTM As of Dec. 2023)


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What is Netstreit Operating Income?

Netstreit's Operating Income for the three months ended in Dec. 2023 was $7.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $26.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Netstreit's Operating Income for the three months ended in Dec. 2023 was $7.6 Mil. Netstreit's Revenue for the three months ended in Dec. 2023 was $34.3 Mil. Therefore, Netstreit's Operating Margin % for the quarter that ended in Dec. 2023 was 22.15%.

Warning Sign:

Netstreit Corp operating margin has been in a 5-year decline. The average rate of decline per year is -5.6%.

Netstreit's 5-Year average Growth Rate for Operating Margin % was -5.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Netstreit's annualized ROC % for the quarter that ended in Dec. 2023 was 1.62%. Netstreit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 79.25%.


Netstreit Operating Income Historical Data

The historical data trend for Netstreit's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Netstreit Operating Income Chart

Netstreit Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial 4.72 4.36 7.72 13.11 24.25

Netstreit Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.70 4.68 6.99 6.90 7.60

Netstreit Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Netstreit  (NYSE:NTST) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Netstreit's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=30.408 * ( 1 - 0.56% )/( (1835.394 + 1908.794)/ 2 )
=30.2377152/1872.094
=1.62 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1946.236 - 19.013 - ( 18.429 - max(0, 110.397 - 217.904+18.429))
=1908.794

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Netstreit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=33.384/( ( (5.74 + max(27.458, 0)) + (5.589 + max(45.465, 0)) )/ 2 )
=33.384/( ( 33.198 + 51.054 )/ 2 )
=33.384/42.126
=79.25 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.195 + 0 + 45.613) - (19.515 + 6.811 + 1.024)
=27.458

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.074 + 0 + 65.788) - (19.013 + 7.153 + 4.231)
=45.465

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Netstreit's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=7.602/34.328
=22.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Netstreit Operating Income Related Terms

Thank you for viewing the detailed overview of Netstreit's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Netstreit (Netstreit) Business Description

Traded in Other Exchanges
Address
2021 McKinney Avenue, Suite 1150, Dallas, TX, USA, 75201
Netstreit Corp is structured as an umbrella partnership real estate investment trust. The company acquires, owns and manages commercial single-tenant lease properties, with the majority being long-term triple-net leases where the tenant is generally responsible for all improvements and contractually obligated to pay all operating costs (such as real estate taxes, utilities and repairs and maintenance costs).
Executives
Daniel P Donlan officer: CFO and Treasurer 2021 MCKINNEY AVENUE, SUITE 1150, DALLAS TX 75201
Mark Manheimer director, officer: President and CEO 14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
Andrew P Blocher officer: CFO, Treasurer and Secretary 7600 WISCONSIN AVENUE, 11TH FLOOR, BETHESDA MD 20814
Heidi Everett director 5910 N. CENTRAL EXPRESSWAY, SUITE 1600, DALLAS TX 75206
Matthew A Troxell director TWO SEAPORT LANE, BOSTON MA 02110
Michael Christodolou director 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Lori Wittman director 191 NORTH WACKER DRIVE, SUITE 1200, CHICAGO IL 60606
David Busker director 5910 N. CENTRAL EXPRESSWAY, SUITE 1600, DALLAS TX 75206
Murtaza Ali director 5910 N. CENTRAL EXPRESSWAY, SUITE 1600, DALLAS TX 75206
Todd Minnis director 5910 N. CENTRAL EXPRESSWAY, SUITE 1600, DALLAS TX 75206
Tilden Park Management I Llc 10 percent owner 452 FIFTH AVE., 28TH FLOOR, NEW YORK NY 10018
Long Pond Capital, Lp 10 percent owner 527 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022
Long Pond Capital Gp, Llc 10 percent owner 527 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022
John Khoury 10 percent owner 527 MADISON AVENUE, 15TH FLOOR, NEW YORK NY 10022
Robin Mcbride Zeigler director 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050