NETSTREIT Corp. Announces Pricing of Upsized Forward Common Stock Offering

Core Viewpoint - NETSTREIT Corp. has announced the pricing of an upsized public offering of 10,980,000 shares of common stock at a price of $19.00 per share, with an option for underwriters to purchase an additional 1,647,000 shares [1] Offering Details - The offering is expected to close on February 13, 2026, subject to customary closing conditions [1] - Wells Fargo Securities and BofA Securities are acting as book-running managers, with several other firms participating as joint book-running managers and co-managers [1] - The company has entered into forward sale agreements for the shares, which may increase to 12,627,000 shares if the underwriters fully exercise their option [1] Financial Implications - The company will not receive immediate proceeds from the forward sale agreements but intends to use any future net proceeds for general corporate purposes, including repaying outstanding amounts under its revolving credit facility and funding property acquisitions [1] - The offering is made under the company's shelf registration statement, which became effective on August 12, 2024 [1] Company Overview - NETSTREIT Corp. is a Dallas-based real estate investment trust (REIT) focused on acquiring single-tenant net lease retail properties across the U.S. [1] - The company aims to build a high-quality net lease retail portfolio with a focus on generating consistent cash flows and dividends for investors [1]