NETSTREIT is a Dallas-based real estate investment trust that acquires and manages single-tenant net lease retail properties across the United States. Founded in 2019 and publicly listed on the New York Stock Exchange in 2020 under ticker symbol NTST, the company operates through long-term triple-net lease arrangements where tenants assume responsibility for property taxes, insurance, and maintenance costs.
The REIT's portfolio strategy centers on properties leased to tenants in necessity-based retail categories including convenience stores, discount retailers, home improvement, auto service, and quick-service restaurants. NETSTREIT owns or is invested in over 800 properties spanning 46 states with approximately 14.5 million square feet of retail space. Texas represents the largest geographic concentration at 18.6% of annualized base rent, followed by Illinois at 8.1% and New York at 7.2%. The portfolio maintains 99.9% occupancy with a weighted average lease term of 10.2 years.
Netstreit’s investment strategy prioritizes portfolio diversification by tenant, geography, and industry, while maintaining a meaningful allocation to investment-grade or investment-grade-profile tenants. Top tenants include 7-Eleven, Dollar General, CVS Health, Walgreens, and Home Depot.
Afficher plus