NetSTREIT Corp.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Mark L. Manheimer
- Full Time Employees
- 29
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 2021 McKinney Avenue Dallas TX United States 75201-2237
- IPO Date
- Aug 13, 2020
- CIK
- 0001798100
- Website
- netstreit.com
- Similar Companies
- Business
- NETSTREIT Corp. (NYSE: NTST) is an internally managed real estate investment trust (REIT) that acquires, owns, invests in, and manages a diversified portfolio of single-tenant net lease retail properties nationwide across 45 states; the portfolio features high-quality, e-commerce resistant properties leased under long-term triple-net or double-net leases to high-credit quality tenants in necessity-based industries including home improvement, auto parts, drug stores and pharmacies, grocers, convenience stores, discount stores, quick-service restaurants, and general retail with operators such as 7-Eleven, Walmart, and Target; as of late 2024, the portfolio comprises over 700 investments across 114 tenants and 28 industries, with nearly 47% leased to investment-grade tenants and occupancy approaching 100%. Founded in 2019 and headquartered in Dallas, Texas, the company targets retailers where physical locations drive sales and profits, emphasizing essential goods and services to generate consistent cash flows and dividends for investors. In recent developments, NETSTREIT secured $450.0 million in additional financing commitments and amendments to existing credit facilities in September 2025, closed $275.0 million in new debt including a $175.0 million senior unsecured term loan and an upsized $500.0 million revolving facility in January 2025, launched a $300 million at-the-market equity program amid amendments with banks such as PNC, Wells Fargo, and Truist to enhance debt flexibility and pursue investment-grade ratings, reported record Q4 2024 investments of $195.1 million at 7.4% cash yield with $59.3 million in dispositions, increased its quarterly dividend to $0.215 per share following strong Q2 2025 net income of $9.8 million, and raised full-year 2025 AFFO guidance to $1.30-$1.31 per diluted share.
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