NETSTREIT Corp. Announces 2020 Tax Treatment of Distributions

Rhea-AI Summary

NETSTREIT Corp. announced the 2020 tax treatment for its common stock distributions. The record date for the first distribution is September 15, 2020, with a payment date of September 25, 2020, totaling $0.100 per share. The ordinary dividends and non-dividend distributions are 8.6538% and 91.3462%, respectively. The second distribution's record date is December 1, 2020, with a payment date of December 15, 2020, totaling $0.200 per share, with 0.0000% ordinary dividends and 100.0000% non-dividend distributions. Shareholders should consult their tax advisors for specific guidance.

Positive

• The company maintains a high-quality portfolio of properties leased to e-commerce resistant tenants.
• Consistent cash flows and dividends are prioritized for investors.

Negative

• None.

NETSTREIT Corp. (the “Company”), a nationwide owner of high-quality, single-tenant net lease properties, today announced the 2020 tax treatment of the Company’s common stock distributions, as described below.

CUSIP: 64119V303
Record Date		Payment Date		Total Distribution per Share		Ordinary Dividends		Nondividend Distributions		Total
09/15/20		9/25/2020		$0.100		8.6538%		91.3462%		100.0000%
12/01/20		12/15/2020		$0.200		0.0000%		100.0000%		100.0000%

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s distributions.

About NETSTREIT
NETSTREIT is a Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality properties leased to e-commerce resistant tenants with healthy balance sheets. Led by a management team of seasoned commercial real estate executives, NETSTREIT aims to create the highest quality net lease retail portfolio in the country with the goal of generating consistent cash flows and dividends for its investors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210125005792/en/

FAQ

What is the total distribution per share for NETSTREIT in 2020?

The total distribution per share for NETSTREIT in 2020 is $0.100 for the first distribution and $0.200 for the second distribution.

What were the record dates for NETSTREIT's distributions in 2020?

The record dates for NETSTREIT's distributions in 2020 were September 15 for the first distribution and December 1 for the second distribution.

When will NETSTREIT make its 2020 distributions?

NETSTREIT will pay its first distribution on September 25, 2020, and the second distribution on December 15, 2020.

What is the tax treatment of NETSTREIT's common stock distributions?

Shareholders are encouraged to consult with their personal tax advisors regarding the specific tax treatment of NETSTREIT's distributions.