NETSTREIT Corp.

PART I — FINANCIAL INFORMATION

Unless the context otherwise requires, references in this Annual Report on Form 10-K to the terms “registrant,” the “Company,” “NETSTREIT,” “we,” “our,” or “us” refer to NETSTREIT Corp. and all of its consolidated subsidiaries, including NETSTREIT, L.P. (the “operating partnership”).

Forward-Looking Statements

This report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). NETSTREIT intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” “may,” “will,” “seek,” “could,” “project,” or similar expressions. Forward-looking statements in this report include information about possible or assumed future events, including, among other things, discussion and analysis of our future financial condition, results of operations, our strategic plans and objectives, occupancy and leasing rates and trends, liquidity and ability to refinance our indebtedness as it matures, anticipated expenditures of capital, and other matters. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially adversely affect actual results, performances, or achievements. Factors which may cause actual results to differ materially from current expectations, include, but are not limited to:

•global market and economic conditions;

•risks inherent in the real estate business, including tenant defaults, illiquidity of real estate investments, potential liability relating to environmental matters, and potential damages from natural disasters;

•our ability to successfully execute our property acquisition or development strategies;

•the accuracy of our assessment that certain businesses are e‑commerce resistant and recession‑resilient;

•the accuracy of the tools we use to determine the creditworthiness of our tenants;

•concentration of our business within certain geographic markets, tenant categories, and with certain tenants;

•demand for retail space;

•ability to renew leases, lease vacant space, or re‑lease space as existing leases expire or are terminated;

•the degree and nature of our competition;

•our ability to retain our key management personnel;

•failure, weakness, interruption, or breach in security of our information systems;

•business interruptions and increased liabilities associated with evolving data privacy laws, regulations, and other obligations and compliance efforts;

•access to capital markets;

•our failure to generate sufficient cash flows to service our outstanding indebtedness;

•inflation and interest rate fluctuations;

•uncertainty regarding tariffs and global trade policies;

•failure to maintain our current credit ratings;

•failure to qualify or remain qualified for taxation as a REIT;

•changes in, or the failure or inability to comply with, applicable law or regulation; and

•the other risks identified in this Annual Report on Form 10-K, including, without limitation, those under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

The factors included in this report, including the documents incorporated by reference, and documents the Company subsequently files or furnishes with the Securities and Exchange Commission (“SEC”) are not exhaustive and additional factors could cause actual results to differ materially from those described in our forward-looking statements. For a discussion of additional risk factors, see the factors included under the caption “Risk Factors” within this report. All forward-looking statements are based on information that was available and speak only as of the date on which they were made. Except as required by law, the Company disclaims any obligation to review or update these forward-looking statements to reflect events or circumstances as they occur.

Summary of Selected Risk Factors

Our business is subject to numerous risks and uncertainties, including the risks described in the section titled “Risk Factors” included under Part I, Item 1A of this Annual Report on Form 10-K. The following is only a summary of the principal risks associated with an investment in our common stock. Material risks that may adversely affect our business, financial condition, or results of operations include, but are not limited to, the following:

•global market and economic conditions, which may materially and adversely affect us and our tenants;

•risks related to the ownership of commercial real estate;

•our ability to successfully execute our acquisition or development strategies;

•the ability of our tenants to successfully operate their businesses;

•our assessment that certain businesses are e-commerce resistant and recession-resilient;

•the availability of external sources of capital on commercially reasonable terms or at all;

•our level of indebtedness, which could materially affect our financial position, and restrictions and covenants contained in our debt agreements;

•risks associated with geographic and tenant concentrations in our portfolio;

•our ability to renew leases, lease vacant space, or re-lease space as leases expire on favorable terms or at all;

•defaults on our mortgage loans receivable;

•maintaining our credit ratings;

•competition for tenants;

•the loss of key management personnel;

•failures, weakness, interruptions, or breaches in the security of our information systems or those of the third parties with whom we work;

•business interruptions and increased liabilities associated with evolving data privacy laws, regulations, and other obligations and compliance efforts;

•liabilities arising under environmental laws;

•insurance not adequately covering losses, or uninsured losses;

•failure to qualify or maintain qualification as a REIT for U.S. federal income tax purposes;

•the ability of our board of directors to revoke our REIT qualification without stockholder approval;

•future issuances of common stock;

•certain provisions of our charter, bylaws and Maryland law that could inhibit changes in control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could trigger rights to require us to redeem our shares of common stock; and

•the designation of the Circuit Court for Baltimore City, Maryland as the sole and exclusive forum for certain actions and proceedings that may be initiated by our stockholders.