NETSTREIT Corp. Provides Update on Second Quarter Business Activities

DALLAS–(BUSINESS WIRE)–NETSTREIT Corp. (NYSE: NTST) (the “Company”), a nationwide owner of high-quality, single-tenant net lease properties, today provided an update on the Company’s second quarter business activities. The Company also announced that it will release its second quarter 2021 financial results on Thursday, July 29, 2021 after the close of market trading. A conference call will be held on Friday, July 30, 2021 at 10:00 AM ET.

Second Quarter 2021 Highlights

Portfolio Construction:

Second Quarter and Year-to-Date 2021 Portfolio Activity:

  • For the second quarter, the Company had total net investment activity of $107.7 million, which includes acquisitions and development of $120.7 million, net of dispositions of $13.0 million
  • The Company completed $116.7 million of acquisitions at an initial cash capitalization rate, including acquisition costs, of 6.5%. Acquisitions completed during the quarter had a weighted-average…

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