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Stock impact report

NETSTREIT Corp Achieves BBB- Credit Rating From Fitch Ratings

NetSTREIT Corp. (NTST) 
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today announced that Fitch Ratings (“Fitch”) has assigned the Company a BBB- issuer rating with a stable outlook.According to Fitch’s press release, the BBB- issuer rating reflects the Company’s solid property portfolio and stable operating performance as demonstrated by resilient pandemic-era performance, with occupancy over 99%. In addition, Fitch noted the Company’s solid unit-level rent coverage, minimal credit losses relative to peers, well staggered debt maturities, and a liquidity profile that provides significant flexibility.“This recognition is a significant achievement for NETSTREIT that affirms our commitment to a conservatively managed balance sheet and low leverage profile, which the Company has consistently maintained since our IPO over five years ago,” said Daniel Donlan, Chief Financial Officer. “Given this inaugural investment grade rating, the Company can now recognize substantial interest expe Show less Read more
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