NETSTREIT Corp. Raises Quarterly Dividend 5% to $0.22 Per Share
NETSTREIT Corp., a net lease real estate investment trust, declared a quarterly cash dividend of $0.22 per share for the second quarter of 2026. The annualized dividend of $0.88 per share represents a $0.04 increase from the prior year.
NETSTREIT Corp. (NYSE: NTRT), a net lease real estate investment trust, declared a quarterly cash dividend of $0.22 per share for the second quarter of 2026, the company's Board of Directors announced April 16, 2026. The annualized dividend of $0.88 per share marks a $0.04 increase over the prior year annualized dividend of $0.84, representing a 5% year-over-year increase. Read more dividend announcements.
The dividend will be paid June 15, 2026 to shareholders of record as of June 1, 2026.
| Dividend Details | Information |
|---|---|
| Dividend Amount | $0.22 per share |
| Annualized Amount | $0.88 per share |
| Record Date | June 1, 2026 |
| Payment Date | June 15, 2026 |
| Prior Year Annualized | $0.84 per share |
Forward Equity Activity and Guidance Update
NETSTREIT settled 4.0 million forward equity shares during the first quarter of 2026 at a weighted average gross price of $16.98 per share, generating net proceeds of $67.9 million. As of March 31, 2026, the company had 34.2 million unsettled forward equity shares at a weighted average gross price of $18.45 per share, representing anticipated net proceeds of $605.6 million.
The company has multiple outstanding forward equity offerings, including a February 2026 follow-on offering of 12.6 million shares with anticipated net proceeds of $228.4 million, all of which remained unsettled at quarter-end. In April 2026, NETSTREIT sold an additional 307,984 shares under its at-the-market program at a weighted average gross price of $19.54 per share on a forward basis.
NETSTREIT raised its full year 2026 adjusted funds from operations per share guidance to a range of $1.36 to $1.39 from the previous range of $1.35 to $1.39. The company also increased its net investment activity guidance to $550.0 million to $650.0 million from $350.0 million to $450.0 million. Cash general and administrative expenses are expected to range between $16.0 million and $17.0 million, excluding transaction costs and severance payments.
The updated AFFO per share guidance includes $0.03 to $0.06 per share of estimated dilution due to outstanding forward equity, up from the previous estimate of $0.015 to $0.03 per share calculated using the treasury stock method.
Additional Financing Activity
In April 2026, NETSTREIT drew an additional $50.0 million under its 2032 term loan, bringing the total outstanding principal amount to $200.0 million.