NETSTREIT Corp. Announces \$400 Million “At the Market” Equity Offering Sales Agreement

Key Highlights for Investors

• NETSTREIT Corp. has entered into an ATM (At-the-Market) Equity Offering Sales Agreement with a consortium of prominent financial institutions and broker-dealers to offer and sell up to \$400 million in common stock from time to time.
• Sales Agents and Forward Purchasers involved: Wells Fargo Securities, LLC, BofA Securities, Inc., Robert W. Baird & Co. Incorporated, BNY Mellon Capital Markets, LLC (acting through BTIG, LLC as agent), BTIG, LLC, Cantor Fitzgerald & Co., Citigroup Global Markets Inc., Huntington Securities, Inc., Jefferies LLC, Mizuho Securities USA LLC, Nomura Securities International, Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., and Stifel Nicolaus & Company, Incorporated.
• Structure: Shares may be sold either directly through sales agents or via forward sale agreements, where forward purchasers may borrow and sell shares, with NETSTREIT settling in cash or issuing shares at a future date.
• Termination: The offering will terminate upon the earlier of (i) the sale of shares with an aggregate gross sales price of \$400 million, or (ii) the termination of the Sales Agreement according to its terms.
• Price Impact: The offering may be suspended or terminated as allowed under the agreement, and the agents’ sales commissions will not exceed 1.5% of the gross sales price of shares sold as forward sellers, subject to adjustments.
• Listing: All shares sold under this agreement will be listed on the New York Stock Exchange under the trading symbol NTST.
• Use of Proceeds: The net proceeds from the sale of shares will be used for general corporate purposes, as specified in the registration statement and prospectus supplement.
• Regulatory Compliance: NETSTREIT has confirmed compliance with all relevant SEC, NYSE, and FINRA requirements, including the Sarbanes-Oxley Act and internal controls, and maintains its status as a REIT (Real Estate Investment Trust).
• Forward Sale Agreements: The company may enter into forward sale agreements, allowing investors to gain exposure to future share issuances, which could affect the timing of dilution and capital raising.
• Potential Impact on Share Price: The sale of up to \$400 million in common stock, either directly or via forward sale agreements, represents a significant potential dilution and could impact share price, especially if sales occur rapidly or during periods of market volatility.
• Reporting Requirements: NETSTREIT will disclose sales activity and net proceeds in its quarterly and annual filings, ensuring ongoing transparency for investors.

What Shareholders Need to Know

• This ATM equity offering is a major capital-raising event and could result in dilution for existing shareholders, depending on the pace and price of share issuance.
• The forward sale agreements introduce additional complexity—investors should be aware that shares may be issued in the future, potentially at prices different from current market values.
• The company’s ongoing compliance with REIT status and regulatory requirements is crucial for maintaining its tax advantages and credibility in the market.
• Any significant acceleration in sales, or suspension/termination of the offering, could be price sensitive. Investors should monitor NETSTREIT’s filings for updates on sales activity and use of proceeds.
• No off-balance sheet transactions or material contingent liabilities are disclosed outside those specified in the registration statement and prospectus.
• All contracts, agreements, and material relationships are accurately described and available for inspection, supporting full transparency.

Details of the ATM Equity Offering Sales Agreement

Under the Sales Agreement, NETSTREIT Corp. will offer and sell shares of common stock with an aggregate gross sales price not exceeding \$400 million. The offering may occur through multiple channels—either through sales agents acting as principal or as sales agents (including block trades and “at-the-market” offerings), or via forward sale agreements with forward purchasers. Sales agents’ commissions are capped at 1.5% of the gross sales price for forward sales.

The shares will be issued pursuant to NETSTREIT’s automatic shelf registration statement on Form S-3 (File No. 333-281479), as supplemented by the April 21, 2026 prospectus supplement. The offering may be suspended or terminated as permitted under the Sales Agreement.

The company and its operating partnership have undertaken extensive representations and warranties regarding compliance with all applicable laws, regulations, and listing requirements, including robust internal controls and financial reporting systems as required by SEC and NYSE rules.

NETSTREIT has committed to ongoing disclosure of sales activity, use of proceeds, and compliance with REIT requirements. The company will maintain a registrar and transfer agent for the shares and will take all necessary actions to ensure continued eligibility for automatic shelf registration.

Potential Market Impact

The announcement and execution of this ATM equity offering is potentially price sensitive and may significantly affect NETSTREIT’s share value:

• Investors should anticipate possible dilution as new shares are issued.
• The timing and volume of share sales could impact market pricing, especially if sales are concentrated during periods of heightened volatility or if the offering is suspended/terminated.
• The structure of forward sale agreements may also affect investor sentiment, as future share issuance could occur under different market conditions.

Shareholder Action Points

• Monitor NETSTREIT’s SEC filings for updates on share sales, proceeds, and any amendments to the Sales Agreement.
• Consider the impact of dilution and the company’s intended use of proceeds on the long-term value of your investment.
• Assess the risk of market volatility and timing of future share issuances under forward sale agreements.
• Review NETSTREIT’s quarterly and annual reports for ongoing compliance with REIT requirements and internal controls.

Company Representatives

The Sales Agreement is signed by NETSTREIT Corp. and NETSTREIT, L.P., as well as all involved sales agents and forward purchasers, including senior representatives and managing directors from each participating institution.

Conclusion

NETSTREIT Corp.’s \$400 million ATM equity offering is a substantial capital-raising event, with significant implications for shareholder dilution and share price. Investors are advised to review the full terms of the Sales Agreement and monitor ongoing disclosures for further developments.

Disclaimer: This article is based on NETSTREIT Corp.’s public SEC filings and the ATM Equity Offering Sales Agreement. It is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with financial advisors before making any investment decisions. The actual impact on share price will depend on market conditions, timing, and the pace of share sales.