NETSTREIT Corp. reported significant financial growth in its latest quarterly results, with total revenues reaching $57.1 million for the three months ended March 31, 2026, compared to $45.9 million in the same period last year, marking an increase of 24.5%. The company's rental revenue, which includes reimbursable income, also saw a notable rise, climbing to $54.0 million from $42.6 million year-over-year. This growth in revenue contributed to a net income of $5.7 million, or $0.06 per diluted share, up from $1.7 million, or $0.02 per diluted share, in the prior year.
The company’s total assets increased to $2.81 billion as of March 31, 2026, compared to $2.61 billion at the end of 2025. This growth was primarily driven by a rise in real estate investments, which totaled approximately $2.79 billion, up from $2.59 billion at the end of the previous fiscal year. The increase in assets was accompanied by a rise in liabilities, which grew to $1.30 billion from $1.16 billion, largely due to new term loans and a revolving credit facility. The company’s equity also improved, reaching $1.51 billion, up from $1.45 billion.
Strategically, NETSTREIT has been active in expanding its portfolio, acquiring 56 properties during the first quarter of 2026, with a total investment of $234 million. This is a significant increase compared to the 18 properties acquired in the same period last year for $77.5 million. The company also reported that it owned or had investments in 808 properties across 46 states as of March 31, 2026, reflecting its ongoing commitment to geographic diversification.
Operationally, NETSTREIT's engagement metrics showed positive trends, with a weighted average remaining lease term of 10.2 years for its properties. The company’s cash flow from operating activities was $26.3 million, up from $22.1 million in the prior year, indicating improved operational efficiency. The company also reported a total of 97.3 million shares outstanding as of March 31, 2026, an increase from 93.1 million shares at the end of 2025, reflecting its recent equity offerings.
Looking ahead, NETSTREIT remains optimistic about its growth trajectory, with plans to continue expanding its property portfolio and enhancing shareholder value. The company has declared a cash dividend of $0.22 per share for the second quarter of 2026, demonstrating its commitment to returning value to shareholders. Additionally, the company has drawn $50 million under its 2032 Term Loan, further strengthening its financial position to support future growth initiatives.
About NETSTREIT Corp.
NETSTREIT is a real estate investment trust specializing in acquiring, owning, and managing a diversified portfolio of single-tenant retail properties across the U.S. leased to high-credit, necessity-based tenants in industries resistant to e-commerce and economic cycles. The company focuses on long-term net leases, property development, and mortgage loans, generating stable cash flows and leveraging relationships for strategic acquisitions in fragmented markets.
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