Netstreit Corporation
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| Public company | |
| Traded as | New York Stock Exchange |
| Industry | Real estate investment trust |
| Founded | 2019 |
| Headquarters | Dallas, Texas |
Key people | Mark Manheimer, President, CEO Andy Blocher, CFO |
| Products | Free-standing, single-tenant net lease commercial retail properties |
| Revenue | $33,727,000 (2020) |
| $212,000 (2020) | |
| Total assets | $725,815,000 (2020) |
| Total equity | $528,073,000 (2020) |
Number of employees | 19 |
| Website | https://www.netstreit.com/ |
Netstreit Corporation is a Public company traded real estate investment trust that owns and manages a well-diversified portfolio of free-standing, single-tenant commercial retail properties throughout the United States that are subject to NNN lease.[1][2] Netstreit focuses on tenants in recession-resistant industries, in which a physical location is critical to generate sales and profits, such as essential goods and services[3].[4] The corporation’s principal office is located in Dallas, Texas.[5][6][2]
History
Netstreit was founded in Dallas, Texas on December 23, 2019. The corporation became publicly traded on the New York Stock Exchange via an initial public offering on August 13, 2020, under the symbol NTST.[3][7]
Investments
As of December 31, 2020, Netstreit’s portfolio includes 203 properties totaling 3.73 million square feet, spanning 38 states.
Corporation's 20 Largest Tenants
| Rank | Tenant | % of 2020 Revenue |
|---|---|---|
| 1 | 7-11 | 8.9% |
| 2 | Lowe's | 8.6% |
| 3 | Advance Auto Parts | 7.6% |
| 4 | Sam's Club/Walmart | 6.5% |
| 5 | CVS Pharmacy | 5.3% |
| 6 | Dollar General | 4.8% |
| 7 | Ollie's Bargain Outlet | 4.6% |
| 8 | Walgreens | 3.2% |
| 9 | Ahold Delhaize (Food Lion/Stop & Shop) | 3.0% |
| 10 | Home Depot | 2.9% |
| 11 | Kohl's | 2.7% |
| 12 | Tractor Supply | 2.4% |
| 13 | Burlington | 2.2% |
| 14 | Best Buy | 2.0% |
| 15 | Floor & Decor | 2.0% |
| 16 | Fresenius (company) | 1.9% |
| 17 | Dollar Tree/Family Dollar | 1.9% |
| 18 | Camping World | 1.7% |
| 19 | Truist Financial | 1.6% |
| 20 | Jack's | 1.6% |
Executive Leadership
Mark Manheimer, President & Chief executive officer|Chief Executive Officer[5][1][8][6]
Andy Blocher, Chief financial officer|Chief Financial Officer, Secretary & Treasurer[5][1][8][6]
Board of directors|Board of Directors[8][6]
Todd Minnis, Chairman of the board|Chairman of the Board
Mark Manheimer
Matthew Troxell
Lori Whittman
Robin Zeigler
Heidi Everett
Michael Christodolou
References
- ↑ 1.0 1.1 1.2 "Check out Netstreit Corp's stock price (NTST) in real time". CNBC. Retrieved 2021-04-07.
- ↑ 2.0 2.1 "Netstreit LP - Company Profile and News". Bloomberg.com. Retrieved 2021-04-07.
- ↑ 3.0 3.1 Editorial, Reuters. "NTST.N - NetSTREIT Corp Profile | Reuters". www.reuters.comundefined. Retrieved 2021-04-07.
{{cite web}}:|first=has generic name (help) - ↑ "NETSTREIT | Nareit". www.reit.com. Retrieved 2021-04-07.
- ↑ 5.0 5.1 5.2 "Dallas real estate investment trust plans IPO with rented stores it says are 'internet-resistant'". Dallas News. 2020-08-10. Retrieved 2021-04-07.
- ↑ 6.0 6.1 6.2 6.3 "NTST | NetSTREIT Corp. Profile". MarketWatch. Retrieved 2021-04-07.
- ↑ "NYSE". www.nyse.com. Retrieved 2021-04-07.
- ↑ 8.0 8.1 8.2 Editorial, Reuters. "NTST.N - NetSTREIT Corp People | Reuters". www.reuters.comundefined. Retrieved 2021-04-07.
{{cite web}}:|first=has generic name (help)
External links
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