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Video: What is a Stock Split?
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NetSTREIT is an internally-managed real estate company that acquires, owns and manages a portfolio of single-tenant, retail commercial real estate subject to long-term net leases across the U.S. Co.'s portfolio consisted of single-tenant retail net leased properties spanning various states, with different tenants represented across several retail sectors. According to our NTST split history records, NetSTREIT has had 1 split. | |
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NetSTREIT (NTST) has 1 split in our NTST split history database. The split for NTST took place on September 15, 1998. This was a 1 for 3
reverse split, meaning for each 3
shares of NTST owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as NetSTREIT conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the NTST split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NetSTREIT shares, starting with a $10,000 purchase of NTST, presented on a split-history-adjusted basis factoring in the complete NTST split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
08/14/2020 |
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End date: |
03/28/2024 |
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Start price/share: |
$18.00 |
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End price/share: |
$18.37 |
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Starting shares: |
555.56 |
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Ending shares: |
646.44 |
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Dividends reinvested/share: |
$2.92 |
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Total return: |
18.75% |
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Average Annual Total Return: |
4.86% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,875.37 |
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Years: |
3.62 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/14/2020 |
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End date: |
03/28/2024 |
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Start price/share: |
$18.00 |
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End price/share: |
$18.37 |
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Dividends collected/share: |
$2.92 |
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Total return: |
18.25% |
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Average Annual Total Return: |
4.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,826.22 |
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Years: |
3.62 |
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Date |
Ratio |
09/15/1998 | 1 for 3
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