NETSTREIT Corp. (NTST)

Address2021 McKinney Avenue
Suite 1150
Dallas, TX 75201
United States
Websitenetstreit.com
IR ContactRandy Haugh, SVP - Finance, (972) 597-4825
Sector / CurrencyNet Lease / USD
DescriptionNETSTREIT is a newly formed small-cap equity REIT specializing in the acquisition of net lease retail properties across the U.S.  The portfolio currently includes 327 properties in 41 states with an average remaining lease term of 9.9 years.   Approximately 65% of the company's properties are leased to investment grade tenants. Top tenants include Walgreens, 7 Eleven, Hobby Lobby, Advance Auto Parts, Dollar General, CVS, Lowe's, and Walmart.  Highlights from the 1Q'22 earnings release include.
  • 2022 AFFO guidance of $1.15/share, up 22% from 2021.
  • In January, completed a $230 million forward equity offering.
  • Declared a regular 2Q dividend of $0.20/share.
As of December 31, 2021, NTST had a total market capitalization of $1.3 billion.
Bond Ratings
Moody'sS&PFitchKBRA
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