Colterpoint Net Lease Real Estate ETF (NETL) Stock

NETL

Colterpoint Net Lease Real Estate ETF NETL AMEX · Financials · United States

$24.02 -0.88% -$0.21

Summary

Colterpoint Net Lease Real Estate ETF is an ETF - a fund traded on an exchange like a stock - run by NETL. Positions inside: 22. The ten largest make up 64% of the fund.

Yearly costs: 0.60%
Fund size: $48.2M
Positions: 22
Dividend yield: 5.25%
Running since: 2019

What speaks for it

Nothing stands out in its favour.

What to watch

The ten largest positions make up 64% of the fund, so its result rests on a few names.
100% of the fund is in one sector (Real estate).
100% of the fund is in one country (United States).
Costs of 0.60% a year are above the middle of comparable funds (0.45%).
In the last five years its price once dropped by 38% from its high.
A small fund with $48.2M under management; small funds get closed more often.
It trades little: only about $382.4K changes hands a day.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +1.3%
3 months: -10%
This year: +1.2%
1 year: -0.4%
3 years: +12%
5 years: -24%

Avg. market cap: $11.8B
P/E: 19.7x
Forward P/E: 22.6x
P/S: 6.3x
P/B: 1.2x
P/FCF: 15.0x
EV/EBITDA: 14.8x
Dividend yield: 6.77%
ROIC: 4.4%
ROE: 6.7%
Gross margin: 63.9%
Operating margin: 48.4%
Net margin: 32.6%
Payout ratio: 133.1%
Net debt/EBITDA: 6.1x
Beta: 0.81

Weighted average of the 21 largest companies, which make up 99% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Concentrated

1
VI
VICI Properties VICI 8.8%
2
AD
Agree Realty Corporation ADC 8.7%
3
O
Realty Income O 8.7%
4
WP
W. P. Carey WPC 8.3%
5
NN
National Retail Properties, Inc. NNN 8.2%
6
EP
EPR Properties EPR 4.5%
7
ST
STAG Industrial, Inc. STAG 4.4%
8
II
Innovative Industrial Properties IIPR 4.3%
9
FC
Four Corners Property Trust, Inc. FCPT 4.2%
10
EP
Essential Properties Realty Trust EPRT 4.2%

Positions in the fund: 22. The ten largest make up 64% of it.

Composition as of Nov 7, 2026.

Where is it spread?

One sector dominates

By sector

Real estate 100%

By country

United States 100%

By company size

Large cap 30%
Mid cap 38%
Small cap 30%
Micro cap 1.8%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest sector: Real estate (100%). Largest country: United States (100%). Largest size group: Mid cap (38%).

What does it cost me?

Expensive

This fund 0.60%

Middle of comparable ETFs 0.45%

A year from $10,000: $60.00
Over 20 years: $2,873

From every $10,000 invested the fund takes $60.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,873.

How has it done?

Losing value

+22%

-20%

-2.1%

-5.8%

+0.8%

20212022202320242025

A year on average, 5 years: -5.2%
Deepest drop: -38%
Yearly volatility: 15%

Average yearly decline over the last five years: 5.2%. Deepest drop in these years: 38% below the earlier high.

Does it pay dividends?

Yes, it pays out

1.28

1.14

1.20

1.21

20212022202320242025

Yield: 5.25%
Payments a year: 12
Last payment: $0.11

Over the last 12 months it paid $1.26 per share, which is 5.25% of today's price. The last payment was $0.11 on Oct 28, 2026.

Is it easy to buy and sell?

It trades little

Traded a day: $382.4K
Shares a day: 16K

On an average day about $382.4K of the fund changes hands.

How expensive are the companies inside?

Usual valuation

P/E of the companies inside: 19.7
Average Bulios Score: 70 out of 100

Weight by Bulios Fair Price

Undervalued 62%
Fairly valued 32%
Overvalued 5.5%

On average the companies inside trade for 19.7 times their yearly profit. By Fair Price, 62% of the rated weight comes out as undervalued.

Counted from its largest companies (21), which make up 99% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
TS TSRS Truth Social American Red State REITs ETF	United States	0.65%	$254.4K	-	Pays out	42%
KB KBWY Invesco KBW Premium Yield Equity REIT ETF	United States	0.35%	$287.3M	+6.4%	Pays out	30%
RD RDOG ALPS REIT Dividend Dogs ETF	United States	0.35%	$14.6M	+6.5%	Pays out	28%

About the fund

NETL is the first ETF on the market that focuses on the specific type of REIT, net lease real estate. A net lease is an arrangement that requires the tenant to pay all or a portion of the taxes, fees, and maintenance costs for a property in addition to rent. The fund will generally include US companies that derive at least 85% of their revenues from real estate operations in the net lease real estate sector. NETL will include securities of companies with both a diversified customer or tenant base and those generating more than half their revenue from a single customer or tenant. The Index caps the top five holdings at 8%, and the remainder at 4%, except for non-diversified companies, which are capped at 3.5% individually, and capped at 12.5% as a whole. The index is reconstituted and rebalanced quarterly. Prior to Oct. 14, 2025 the fund name was NETLease Corporate Real Estate ETF and index name was Fundamental Income Net Lease Real Estate TR Index.

Issuer: NETL
Asset class: Equity
Domicile: United States
Launched: Mar 21, 2019
Net asset value per share: $24.38

Fund page at the issuer

Ask StockBot about NETL

Online

Ask about this