Saul Centers vs Netstreit
Saul Centers is the larger business, with $290m of revenue in fiscal 2025 against $195m for Netstreit (1.5 times as much). Netstreit grew faster (19.8% against 7.8%). Saul Centers kept more of each dollar of sales as profit: a net margin of 12.9% against 3.5%. Netstreit carries less debt relative to equity (76.6% against 519.8%).
| Latest fiscal year | Saul CentersBFS, 2025 | NetstreitNTST, 2025 |
|---|---|---|
| Revenue | $290m | $195m |
| Revenue growth | 7.8% | 19.8% |
| Net income | $37.5m | $6.9m |
| Operating margin | 67.4% | — |
| Net margin | 12.9% | 3.5% |
| Return on equity | 11.7% | 0.5% |
| Free cash flow | $99.8m | $109m |
| Cash | $8.7m | $14.5m |
| Total debt | $1.60bn | $1.11bn |
| Debt to equity | 519.8% | 76.6% |
| Dividend per share | $2.36 | $0.85 |
| Dividend yield | 7.9% | 3.7% |
| Share buybacks | — | $753,000 |
| Employees | — | 29 |
| Market value | $713m | $2.23bn |
| Price vs our value range | — | — |
| Moat score | 67 (Moderate) | 34 (Weak) |
| Insider trades, 12 months | 12 buys, 0 sales | 0 buys, 0 sales |