NETSTREIT (NTST) Cash Flow: Operating & Free Cash Flow

NETSTREIT (NTST) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), NETSTREIT generated $109.51M of operating cash flow and spent $52.00K on capital expenditures. That left free cash flow of $109.46M, up 21.4% from $90.16M a year earlier, or 60.3% of revenue. It returned $71.34M to shareholders through $70.59M in dividends and $753.00K in share buybacks.

NETSTREIT Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for NETSTREIT Corp. (NTST) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	6.94	-12.00	6.89	8.21	3.15	0.21	-8.07	-20.30
Depreciation & Amortization	86.38	76.87	63.68	50.08	30.81	15.46	10.42	12.88
Deferred Income Tax	0.00	0.00	0.00	0.00	0.10	0.00	0.00	0.00
Stock Based Compensation	5.90	5.66	4.82	4.76	3.70	2.45	0.00	0.00
Change in Working Capital	0.39	-2.15	2.46	-4.98	-5.15	-0.03	-0.51	0.65
Change in Accounts Payable	0.49	-0.95	3.70	1.22	1.74	3.37	-0.58	0.65
Change in Other Working Capital	0.32	-1.20	-3.65	-4.25	-5.15	-3.40	0.07	0.00
Other Operating Activities	0.32	21.78	-3.65	-4.25	-1.04	-5.34	4.15	15.67
Net Cash from Operating Activities	109.51	90.16	80.16	50.65	31.48	12.75	5.99	8.90
Investing Activities
Capital Expenditures	-0.05	-0.01	-0.04	-1.21	-461.96	-0.05	-2.79	-31.61
Acquisitions	0.00	0.00	0.00	0.00	410.21	0.00	-166.73	0.00
Purchases of Investments	-37.43	0.00	-72.43	-46.47	-441.33	0.00	259.75	0.00
Sales/Maturities of Investments	41.73	0.00	1.48	0.00	31.12	0.00	77.62	9.55
Other Investing Activities	-6.23	-432.87	-0.19	0.99	0.71	-362.08	-91.91	-22.05
Net Cash from Investing Activities	-448.84	-432.88	-451.95	-468.36	-430.13	-362.13	75.93	-22.05
Financing Activities
Debt Repayment	-631.84	258.85	-394.14	-466.05	64.00	0.00	-77.03	7.68
Common Stock Issued	188.34	135.48	271.39	277.72	283.15	281.86	164.73	0.00
Common Stock Repurchased	-0.75	0.00	-0.69	-1.48	-0.50	-0.28	-164.73	0.00
Dividends Paid	-70.59	-63.83	-52.08	-39.95	-31.34	-8.84	-5.62	-10.01
Other Financing Activities	-14.11	-3.39	-4.99	-6.06	-1.69	-0.17	0.34	12.77
Net Cash from Financing Activities	339.48	327.10	331.18	480.65	313.61	272.71	-82.32	10.44
Summary
Net Change in Cash	0.15	-15.61	-40.61	62.94	-85.04	-76.68	-0.39	-2.71
Cash at Beginning of Period	14.32	29.93	70.54	7.60	92.64	169.32	1.95	4.66
Cash at End of Period	14.47	14.32	29.93	70.54	7.60	92.64	1.56	1.95
Free Cash Flow	109.46	90.16	80.12	49.44	-430.48	12.70	3.20	-22.70
Supplemental Disclosures
Interest Paid	44.03	30.30	18.34	7.22	2.99	-	-	-
Income Taxes Paid	-0.06	-0.03	0.63	0.13	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NETSTREIT Cash Flow

What is NETSTREIT's free cash flow?

NETSTREIT generated free cash flow of $109.46M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $109.51M minus $52.00K of capital expenditures. That was up 21.4% from $90.16M a year earlier. Free cash flow equaled 60.3% of revenue.

How much does NETSTREIT spend on capital expenditures?

NETSTREIT spent $52.00K on capital expenditures in fiscal 2025, compared with $8.00K a year earlier. That equals 0.00% of operating cash flow.

Does NETSTREIT pay dividends or buy back shares?

Yes. In fiscal 2025 NETSTREIT returned $70.59M in dividends and $753.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition