Revenue: As of FY2026 Q2, the actual value is USD 61.28 M.

EPS: As of FY2026 Q2, the actual value is USD 0.06.

EBIT: As of FY2026 Q2, the actual value is USD 21.94 M.

Financial Performance Highlights

Net Income

For the three months ended June 30, 2026, NETSTREIT Corp. reported a net income of $6,311 thousand, an increase of approximately 91.9% compared to $3,289 thousand for the same period in 2025. For the six months ended June 30, 2026, net income was $12,022 thousand, a 140.9% increase from $4,989 thousand in 2025.

Funds from Operations (FFO)

FFO for the three months ended June 30, 2026, was $34,577 thousand, up from $25,611 thousand in the prior year period. For the six months ended June 30, 2026, FFO was $66,044 thousand, compared to $49,702 thousand for the same period in 2025.

Core Funds from Operations (Core FFO)

Core FFO for the three months ended June 30, 2026, increased to $34,218 thousand from $25,614 thousand in the prior year period. For the six months ended June 30, 2026, Core FFO was $66,259 thousand, compared to $50,184 thousand for the same period in 2025.

Adjusted Funds from Operations (AFFO)

AFFO for the three months ended June 30, 2026, was $35,491 thousand, an increase from $27,460 thousand in the prior year period. For the six months ended June 30, 2026, AFFO totaled $68,715 thousand, up from $53,707 thousand for the same period in 2025.

Dividends Per Share

Dividends per share for the three months ended June 30, 2026, were $0.220, an increase from $0.210 in the prior year period. For the six months ended June 30, 2026, dividends per share were $0.440, compared to $0.420 for the same period in 2025.

Total Revenues

Total revenues for the three months ended June 30, 2026, were $61,284 thousand, up from $48,286 thousand in the prior year period. For the six months ended June 30, 2026, total revenues reached $118,346 thousand, compared to $94,196 thousand in 2025. Rental revenue (including reimbursable) for the three months ended June 30, 2026, was $57,822 thousand, compared to $45,158 thousand in 2025.

Operating Expenses

Total operating expenses for the three months ended June 30, 2026, were $41,570 thousand, compared to $35,960 thousand in 2025. For the six months ended June 30, 2026, total operating expenses were $79,194 thousand, compared to $70,518 thousand in 2025.

Interest Expense, Net

Net interest expense for the three months ended June 30, 2026, was - $15,554 thousand, compared to - $12,638 thousand in the prior year period. For the six months ended June 30, 2026, net interest expense was - $29,820 thousand, compared to - $24,098 thousand in the prior year period.

Gain on Sales of Real Estate, Net

Gain on sales of real estate, net, for the three months ended June 30, 2026, was $1,662 thousand, compared to $3,533 thousand in the prior year period. For the six months ended June 30, 2026, this gain was $1,781 thousand, compared to $5,608 thousand in the prior year period.

EBITDAre and Adjusted EBITDAre

EBITDAre for the three months ended June 30, 2026, was $50,295 thousand, up from $38,356 thousand in 2025. Adjusted EBITDAre for the same period was $53,001 thousand, compared to $38,825 thousand in 2025. Annualized Adjusted EBITDAre as of June 30, 2026, was $212,004 thousand.

Net Debt and Leverage

As of June 30, 2026, Net Debt was $1,386,410 thousand, Adjusted Net Debt was $672,234 thousand, and Pro Forma Adjusted Net Debt was $667,753 thousand. The Net Debt / Annualized Adjusted EBITDAre ratio was 6.5x, Adjusted Net Debt / Annualized Adjusted EBITDAre was 3.2x, and Pro Forma Adjusted Net Debt / Annualized Adjusted EBITDAre was 3.1x.

Property-Level Cash NOI

Property-Level Cash NOI for the three months ended June 30, 2026, was $50,049 thousand, compared to $39,256 thousand in 2025. The Property-Level Cash NOI Estimated Run Rate for the three months ended June 30, 2026, was $53,405 thousand.

Balance Sheet

Total assets as of June 30, 2026, were $3,036,128 thousand, an increase from $2,614,196 thousand as of December 31, 2025. Total liabilities as of June 30, 2026, were $1,456,536 thousand, compared to $1,161,630 thousand as of December 31, 2025. Cash, cash equivalents, and restricted cash totaled $20,047 thousand as of June 30, 2026, up from $14,467 thousand as of December 31, 2025.

Liquidity

Total Liquidity as of June 30, 2026, was $1,085,573 thousand, which included $301,350 thousand in unused Unsecured Revolver Capacity and $714,176 thousand in Net Value of Unsettled Forward Equity. Total Pro Forma Liquidity was $1,090,055 thousand as of June 30, 2026.

Operational Metrics

Portfolio Growth

The number of investments increased to 859 as of June 30, 2026, from 705 as of June 30, 2025. Total square feet grew to 15,418,621 as of June 30, 2026, from 12,787,231 as of June 30, 2025. Occupancy remained high at 100.0% as of June 30, 2026, compared to 99.9% as of June 30, 2025. The weighted average lease term remaining was 10.0 years as of June 30, 2026, up from 9.8 years as of June 30, 2025.

Tenant Quality

The combined investment grade (rated) & investment grade profile (unrated) as a percentage of ABR was 56.5% as of June 30, 2026, down from 68.7% as of June 30, 2025. As of June 30, 2026, 40.7% of ABR came from investment-grade rated tenants, and 15.8% from investment-grade profile (unrated) tenants.

Investment Activity (Three Months Ended June 30, 2026)

NETSTREIT Corp. acquired 93 investments with a gross investment of $298,857 thousand, at a cash yield of 7.4%. The company disposed of 16 investments, generating gross proceeds of $49,143 thousand, at a cash yield of 6.8%. There were 22 loan repayments totaling $20,093 thousand, with a cash yield of 9.0%.

Outlook / Guidance

This report includes forward-looking statements regarding NETSTREIT Corp.’s business and growth strategies, investment, financing, and leasing activities, and market trends for single-tenant retail commercial real estate. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from expectations. The company does not commit to updating or revising these statements, except as legally required.