COMP <GO>

NTST vs MS // 10Y YIELD & FRED MACRO BETA

NetSTREIT Corp. (NYSE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: NTST 3 — MS 3

■ METRIC PARITY

LAST: $17.57 (+2.39%) • MKT CAP: $2.21B

macro-sensitivity

—

LAST: $190.00 (-0.07%) • MKT CAP: $298.41B

macro-sensitivity

1.04

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NTST VS. MS) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	NTST	MS	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	3.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	31.0x	—	TIE	/valuation <GO>
Free Cash Flow Yield	4.96%	-7.25%	+12.21	NTST	/fcf-yield <GO>
Operating Margin	—	24.60%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	20.20%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	19.80%	5.50%	+14.30	NTST	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	3.18%	2.21%	+0.97	NTST	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	5/9	-2.00	MS	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	48.8	51.0	-2.20	MS	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta ACTIVE	—	1.04	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	16.5x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.21B	$298.41B	-$296.20B	MS	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	NTST REV	MS REV	NTST GROSS %	MS GROSS %	NTST FCF	MS FCF
FY 2025	$195.0M	$0	—	—	$109.5M	-$17.89B
FY 2024	$162.8M	$0	—	—	$90.2M	$1.36B
FY 2023	$131.9M	$0	—	—	$80.2M	-$33.54B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NTST // BETA —

MS // BETA 1.04