NetSTREIT Corp 2025年度季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of shares of the issuer’s common stock, par value $0.01, outstanding as of April 24, 2025 was81,706,094. PART I — FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of March 31, 2025and December 31, 2024Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income for the Three MonthsEnded March 31, 2025 and 2024 Condensed Consolidated Statements of Changes in Equity for the Three Months Ended March 31, 2025 and 2024 Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 Notes to the Condensed Consolidated Financial StatementsItem 2.Management’sDiscussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II – OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Table of Contents The accompanying notes are an integral part of these condensed consolidated financial statements. NETSTREIT CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Table of Contents NETSTREIT CORP. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1 –Organization and Description of Business NETSTREIT Corp. (the “Company”) was incorporated on October 11, 2019 as a Maryland corporation and commencedoperations on December 23, 2019. The Company conducts its operations through NETSTREIT,L.P., a Delaware limitedpartnership (the “Operating Partnership”). NETSTREIT GP, LLC, a Delaware limited liability company and a wholly The Company elected to be treated as and to qualify as a real estate investment trust (“REIT”) for U.S. federal income taxpurposes beginning with its short taxable year ended December 31, 2019. Additionally, the Operating Partnership formedNETSTREIT Management TRS, LLC (“NETSTREIT TRS”), which together with the Company jointly elected to be The Company is structured as an umbrella partnership real estate investment trust (commonly referred to as an “UPREIT”)and is an internally managed real estate company that acquires, owns, and manages a diversified portfolio of single-tenantretail commercial properties, subject to long-term net leases with high-credit-quality tenants across the United States. TheCompany also invests in property developments and mortgage loans secured by real estate. As of March31, 2025, the Note 2 –Summary of Significant Accounting Policies Basis of Presentation The accompanying interim condensed consolidated financial statements have been prepared in accordance with U.S.generally accepted accounting principles (“GAAP”) and the rules and regulations of the U.S. Securities and ExchangeCommission (“SEC”). The accompanying condensed consolidated financial statements include the accounts of the Interim Unaudited Financial Information The accompanying unaudited interim condensed consolidated financial statements have been prepared pursuant to therules and regulations of the SEC. These unaudited interim condensed consolidated financial statements do not include allof the information and notes required by GAAP for complete financial statements, and should be read in conjunction withthe Company’s audited consolidated financial statements and notes thereto on the Annual Report on Form 10-K as of andfor the year ended December31, 2024, which provide a more complete understanding of the Company’s accounting Use of Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management tomake estimates and assumptions that affect the reported amounts of assets