NETSTREIT Corp.
Close on Oct 19, 2026
- Market cap
- $1.73B
- P/E (TTM)
- 112.1
- Dividend yield
- 5.05%
About Netstreit
Real Estate Investment Trusts, SIC 6798
NETSTREIT is an internally managed real estate investment trust that acquires, owns, and manages single-tenant commercial retail properties across the United States. The company leases its properties under long-term net agreements, typically focusing on defensive retail sectors where physical storefronts are essential for consumer sales and service delivery. Its target tenant base primarily includes operators of grocery stores, convenience shops, discount stores, home improvement centers, quick-service eateries, general retail stores, and automotive parts locations, with an emphasis on high-credit-quality and investment-grade businesses. Additionally, the firm engages in development financing and real estate mortgage lending.
As of December 31, 2025, the company's real estate portfolio comprises 761 properties, including three active developments, diversified across 129 commercial tenants and 28 distinct retail sectors spanning 45 U.S. states. The organization conducts its business operations from its corporate headquarters located in Dallas, Texas.
Summary of the business section of Netstreit's latest annual report, written by StockData.
Company profile
Company
- Legal name
- NETSTREIT Corp.
- Founded
- 2019
- Headquarters
- Dallas, TX
- Address
- 2021 Mckinney Avenue, Suite 1150 75201
- Phone
- (972) 200-7100
- Website
- netstreit.com
- Employees
- 29, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Chicago, Illinois
Stock & identifiers
- Ticker
- NTST
- Exchange
- NYSE
- IPO date
- Aug 14, 2020
- Shares outstanding
- 102M, Jul 17, 2026
- Public float
- $1.40B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1798100
- CUSIP
- 64119V303
- ISIN
- US64119V3033
- LEI
- 254900CJL0EDMEQ25Q84
- EIN
- 84-3356606
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Mark Manheimer | President, CEO and Secretary, Director | 415,260 |
| Matthew Fennewald | CAO | 10,191 |
| Daniel P. Donlan | CFO and Treasurer | 44,862 |
| Sofia Chernylo | CAO | 6,033 |
| Robin McBride Zeigler | Director | 18,344 |
| Michael Christodolou | Director | 34,264 |
| Heidi Everett | Director | 25,248 |
| Matthew A. Troxell | Director | 43,998 |
| Todd Minnis | Director | 22,744 |
| Lori Wittman | Director | 30,065 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Manheimer | $5.17M | $9.19M | $2.00M | $113 | $127 |
| FY2024 Mr. Manheimer | $4.92M | $2.23M | $1.59M | $86 | $124 |
| FY2023 Mr. Manheimer | $4.08M | $3.12M | $947.95K | $104 | $118 |
| FY2022 Mr. Manheimer | $3.71M | $1.87M | $1.29M | $102 | $106 |
| FY2021 Mr. Manheimer | $3.88M | $6.00M | $1.99M | $122 | $141 |
| FY2020 Mr.Manheimer | $1.80M | $2.05M | $2.84M | $112 | $106 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 29 full-time employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 14, 2020 | IPO | Initial public offering priced (424B4 prospectus) |
| Aug 12, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |