NETSTREIT Corp. entered a $400 million ATM equity offering sales agreement with multiple agents and terminated its prior ATM program under which it had sold approximately $256.1 million of common stock.
Key takeaways
Entered $400M ATM program on April 21, 2026 with 17 sales agents including Wells Fargo Securities and BofA Securities.
Sales commissions capped at 1.5% of gross sales price per agent.
Net proceeds to fund acquisitions, development, working capital, and repay $500M revolving credit facility debt.
Terminated prior ATM agreement dated August 12, 2024 with $256.1M aggregate offering price sold.
12,777,902 unsettled forward sale shares remain from prior programs, maturing September 2026 through March 2027.
Shares issued under S-3 registration (File No. 333-281479) via NYSE at-the-market offerings.