NETSTREIT

General Information
Business:

 We are an internally managed real estate company that acquires, owns and manages a diversified portfolio of single-tenant, retail commercial real estate subject to long-term net leases with high credit quality tenants across the United States. Our growth and diversification strategy focuses on tenants in industries where a physical location is critical to the generation of sales and profits, with a focus on necessity goods and essential services in the retail sector, including discount stores, grocers, drug stores and pharmacies, home improvement, automotive service and quick-service restaurants, which we refer to as defensive retail industries. We believe these characteristics make our tenants’ businesses e-commerce resistant and resilient through all economic cycles. We generally target properties with a purchase price between $1 million and $10 million, a segment of the market that we believe is undercapitalized and where we can maintain a consistent pipeline of relatively small assets to acquire on attractive terms without the threat of broad competition. 

          Our diversified portfolio consists of 163 single-tenant retail net leased properties spanning 34 states, with tenants representing 53 different brands or concepts across 23 retail sectors. Our top 10 tenants are 7-Eleven, Walmart, CVS, Ollie’s Bargain Outlet, Lowe’s, Advance Auto Parts, Dollar General, Walgreens, Home Depot and Kohl’s. 

Industry: REIT
Employees: 15
Founded: 2019
Contact Information
Address 5910 N. Central Expressway Suite 1600 Dallas, TX 75206
Phone Number 972-200-7100
Web Address http://www.NETSTREIT.com/
View Prospectus: NETSTREIT
Financial Information
Market Cap $545.9mil
Revenues $20.0 mil (last 12 months)
Net Income $-6.1 mil (last 12 months)
IPO Profile
Symbol NTST
Exchange NYSE
Shares (millions): 15.5
Price range $19.00 - $21.00
Est. $ Volume $310.0 mil
Manager / Joint Managers Wells Fargo Securities/ BofA Securities/ Citigroup/ Stifel/ Jefferies
CO-Managers BMO Capital Markets/ BTIG/ Capital One Securities/ KeyBanc Capital Markets/ Regions Securities/ Truist Securities/ Comerica Securities/ Ramirez/ Scotiabank
Expected To Trade: 8/13/2020
Day: Thursday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change