Netstreit drops after stock offering launch
ReutersFeb 11, 2026 9:23 PM
Shares of Netstreit Corp NTST.N down 1.4% in extended trading to $18.99 after planned equity raise news
Dallas, Texas-based retail real estate investment trust commences 8.75 mln share offering with forward sale component
It expects to enter into 1-yr forward sale agreements with bookrunners Wells Fargo and BofA
Upon settlements of agreements, it intends to use net proceeds for general purposes, including debt repayment, funding of acquisitions of properties and development activities in its pipeline
Co has ~97 mln shares outstanding
NTST shares on Weds finished down 0.1% at $19.26. Stock up 9% YTD and up ~35% over the past 12 months
15 of 18 analysts rate the stock "strong buy" or "buy", 3 "hold"; median PT $21, per LSEG
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