NETSTREIT Reports 22% Revenue Growth and Net Income Turnaround in Q2 2025

NETSTREIT Corp. reported significant financial performance improvements in its latest quarterly filing, with total revenues for the three months ended June 30, 2025, reaching $48.3 million, a 22% increase from $39.6 million in the same period last year. This growth was primarily driven by a rise in rental revenue, which increased to $45.2 million from $36.9 million, alongside a boost in interest income from loans receivable, which rose to $3.1 million from $2.7 million. For the six months ended June 30, 2025, total revenues also increased to $94.2 million, up from $77.2 million in the prior year.

The company’s net income for the second quarter was $3.3 million, a turnaround from a net loss of $2.3 million in the same quarter of 2024. For the first half of 2025, NETSTREIT reported a net income of $5.0 million, compared to a loss of $1.3 million in the previous year. The improved profitability was attributed to increased rental revenues, gains from real estate sales, and a reduction in non-recurring losses experienced in the prior year.

Operationally, NETSTREIT expanded its portfolio, acquiring 23 properties for $96.5 million in the second quarter and a total of 41 properties for $174 million in the first half of 2025. The company also sold 20 properties for $55.6 million in the second quarter, realizing a net gain of $3.5 million. As of June 30, 2025, NETSTREIT owned or had investments in 707 properties across 45 states, with a weighted average remaining lease term of 9.8 years and a portfolio occupancy rate of 99.9%.

In terms of financial strategy, NETSTREIT amended its credit agreements in January 2025, which included a new $175 million term loan and an upsized $500 million revolving credit facility. The company reported total liabilities of $988.2 million as of June 30, 2025, up from $921.2 million at the end of 2024, primarily due to increased borrowings to finance acquisitions. The company’s cash flow from operating activities also improved, totaling $52.7 million for the first half of 2025, compared to $37.0 million in the same period last year.

Looking ahead, NETSTREIT remains focused on expanding its portfolio through strategic acquisitions and maintaining its operational efficiency. The company anticipates that its ongoing cash flows, along with available borrowing capacity and proceeds from unsettled forward sale agreements, will adequately support its operational and capital needs for the foreseeable future.