NETSTREIT Corp. Provides Update on Third Quarter Business Activities and Announces Dates for Third Quarter Earnings Release and Conference Call

October 1, 2020 5:12 PM

DALLAS--(BUSINESS WIRE)-- NETSTREIT Corp. (NYSE: NTST), a nationwide owner of high-quality, single-tenant net lease properties (the “Company”), today provided an update on the Company’s third quarter business activities. The Company also announced that it will release its third quarter 2020 financial results on Thursday, October 29, 2020 after the close of trading on the New York Stock Exchange. A conference call will be held on Friday, October 30, 2020 at 10:00 AM ET.

Third Quarter Business Update

Operating Activity:

Portfolio Construction:

Balance Sheet, Financing and Dividend:

“Our third quarter execution represents strong momentum for NETSTREIT in our first quarter as a public company. Our strong rent collections reflect the high-quality nature of our existing portfolio, and our acquisition and disposition activities further enhance those attributes by increasing our exposure to investment grade tenants, maintaining our long weighted-average remaining lease term and improving our portfolio diversification,” said Mark Manheimer, Chief Executive Officer of NETSTREIT. “In addition to our IPO, which reduced our debt and provided significant capital to fund future growth, we hedged the floating rates on our outstanding debt to reduce our interest rate risk.”

Earnings Release and Call Date and Time

The Company will release its third quarter 2020 financial results on Thursday, October 29, 2020, after the close of markets. A conference call will be held on Friday, October 30, 2020 at 10:00 AM ET. During the conference call the Company’s officers will review third quarter performance, discuss recent events, and conduct a question and answer period.

The webcast will be accessible on the “Investor Relations” section of the Company’s website at www.NETSTREIT.com. To listen to the live webcast, please go to the site at least fifteen minutes prior to the scheduled start time to register, as well as download and install any necessary audio software. A replay of the webcast will be available for 90 days on the Company’s website shortly after the call.

The conference call can also be accessed by dialing 1-877-451-6152 for domestic callers or 1-201-389-0879 for international callers. A dial-in replay will be available starting shortly after the call until November 6, 2020, which can be accessed by dialing 1-844-512-2921 for domestic callers or 1-412-317-6671 for international callers. The passcode for this dial-in replay is 13711343.

About NETSTREIT

NETSTREIT is a Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT aims to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.

1 Annualized base rent, or ABR, is calculated by multiplying (i) cash rental payments (a) for the month following the period shown plus (b) for properties under development, the first full month's permanent cash rent contractually due after the development period by (ii) 12.

Investor Relations

ir@netstreit.com

972-597-4825

Source: NETSTREIT Corp.

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