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NETSTREIT Completes Public Offering of Common Stock at $17.70 per Share
ByAinvest
Tuesday, Jul 29, 2025 7:58 am ET1min read
NETSTREIT Corp. completed a public offering of 12.4 million shares of common stock at $17.70 per share. The company entered into forward sale agreements with Bank of America and Wells Fargo, allowing for future settlement and potential proceeds. Analysts rate the stock a Buy with a $19.50 price target. NETSTREIT is a Maryland-based company focused on acquiring and managing single-tenant retail properties.
Title: NETSTREIT Corp. Completes Public Offering, Enters Forward Sale AgreementsNETSTREIT Corp. (NYSE: NTST) has successfully completed a public offering of 12.4 million shares of its common stock at a price of $17.70 per share. The offering, which took place under an underwriting agreement with Bank of America, N.A., and Wells Fargo Bank, National Association, was executed through forward sale agreements that allow for future settlement and potential proceeds for the company.
The forward sale agreements, entered into with Bank of America and Wells Fargo, enable NETSTREIT to delay the issuance of shares and the receipt of net proceeds until the company's expected funding requirements are met. This strategy allows the company to set the price of its shares upon pricing the offering while managing its cash flow effectively.
Analysts have responded positively to the offering, rating the stock a Buy with a price target of $19.50. This rating reflects the company's strong financial health, indicated by a current ratio of 4.66, and its robust liquidity to meet short-term obligations.
NETSTREIT Corp. is a Maryland-based company specializing in acquiring and managing single-tenant retail properties. The company's strategy focuses on creating a high-quality net lease retail portfolio to generate consistent cash flows and dividends for its investors. The recent public offering and forward sale agreements position NETSTREIT to continue its growth trajectory and meet its strategic objectives.
References:
[1] https://finance.yahoo.com/news/netstreit-corp-announces-launch-public-200300824.html
[2] https://www.investing.com/news/sec-filings/netstreit-completes-public-offering-of-124-million-shares-through-forward-sale-93CH-4156207
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