NETSTREIT Corp Announces Upsized Forward Sale of 11 Million Shares at $18.90 Each
NETSTREIT Corp. has announced the pricing of its upsized forward common stock offering. The company revealed plans to issue 11,000,000 shares of its common stock at a public offering price of $18.90 per share. This figure represents an increase from the previously planned issuance of 9,500,000 shares. NETSTREIT also granted underwriters a 30-day option to purchase up to an additional 1,650,000 shares at the same price.
The offering is structured as a forward sale agreement with Morgan Stanley and Citibank N.A., allowing NETSTREIT to sell shares directly or indirectly through these institutions. The company stated that it does not intend to receive immediate proceeds from this transaction but may use funds generated in the future for general corporate purposes, including potential acquisitions and debt repayment. The offering is expected to close on February 15, 2026, subject to customary closing conditions.
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Date: February 12, 2026
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