Netstreit Corp Announces 9 Million Share Public Offering for General Corporate Purposes

Netstreit Corp has announced a public offering of 9 million shares, linked to forward sale agreements with BofA Securities and Wells Fargo Securities. The proceeds will support general corporate purposes, including debt repayment and property acquisitions. The company is strategically positioning itself to enhance financial flexibility through this offering. However, investors should monitor how the company utilizes the proceeds to assess the long-term impact on shareholder value.

DALLAS — NETSTREIT Corp. (the “Company”) has announced the commencement of a public offering of 9,000,000 shares of its common stock, subject to market and other conditions. The offering is linked to forward sale agreements with BofA Securities and Wells Fargo Securities, with the proceeds expected to support general corporate purposes, including debt repayment and property acquisitions [1].

The offering, which is being made pursuant to the Company’s shelf registration statement, is expected to close on July 28, 2025, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock [2].

NETSTREIT Corp. is an internally managed real estate investment trust (REIT) based in Dallas, Texas, specializing in acquiring single-tenant net lease retail properties nationwide. The Company's strategy involves creating a high-quality net lease retail portfolio to generate consistent cash flows and dividends for its investors.

The forward sale agreements enable the Company to set the price of the shares upon pricing the offering while delaying the issuance of such shares and the receipt of the net proceeds until the expected funding requirements have occurred. The proceeds from the offering will be used to repay amounts outstanding under the Company’s revolving credit facility and fund acquisitions of properties and development activities in the Company’s pipeline.

Investors should monitor how the Company utilizes the proceeds to assess the long-term impact on shareholder value. The Company's forward-looking statements are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict [1].

References:
[1] https://www.stocktitan.net/news/NTST/netstreit-corp-announces-launch-of-public-offering-of-common-s7r50a306ky8.html
[2] https://www.morningstar.com/news/business-wire/20250724489764/netstreit-corp-announces-pricing-of-upsized-forward-common-stock-offering