NETSTREIT Reports $99.4M in Q2 ATM Sales and $705M in Unsettled Forward Equity
NTST sits 28% above its 52-week low of $15.68.
Summary
NETSTREIT Corp. disclosed in an investor presentation that it has sold $99.4 million in equity via its ATM program in Q2 2026 and has $705 million in unsettled forward equity, signaling significant ongoing capital raises.
Key Events · Financing and Capital Events · NTST
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Q2 At-The-Market (ATM) Sales Update
NETSTREIT Corp. has sold 4.9 million shares through its ATM equity offering program in Q2 2026 (quarter-to-date), generating approximately $99.4 million in gross proceeds at a weighted average price of $20.28 per share. This follows the establishment of a new $400 million ATM program on April 21, 2026.
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Significant Unsettled Forward Equity
As of May 2026, the company has $705 million in unsettled forward equity, representing a substantial future capital raise and potential market overhang for existing shares.
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Strong Liquidity Position
The company reports a total pro forma liquidity of $1.2 billion and a low leverage ratio of 2.7x Pro Forma Adjusted Net Debt / Annualized Adjusted EBITDAre, indicating a well-capitalized balance sheet to support growth.
Analysis · NTST · Real Estate & Construction
This 8-K furnishes an investor presentation that provides a significant update on NETSTREIT's capital raising activities. The company has sold approximately $99.4 million in equity through its At-The-Market (ATM) program in Q2 2026 to date, representing a notable dilution for existing shareholders. Furthermore, the disclosure of $705 million in unsettled forward equity as of May 2026 indicates a substantial future capital raise and potential market overhang. While dilutive, these actions bolster the company's liquidity and support its growth strategy, as highlighted in the presentation.
At the time of this filing, NTST was trading at $20.04 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $15.68 to $21.30. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.