NETSTREIT Corp. (NYSE: NTST) received a BBB‑ issuer rating with a stable outlook from Fitch Ratings on December 30, 2025. The rating confirms the REIT’s conservative balance‑sheet management and solid property portfolio, and marks the first investment‑grade assessment for the company.
Fitch highlighted the company’s 99.9% occupancy rate, minimal credit losses relative to peers, and well‑staggered debt maturities that provide liquidity flexibility. The rating is expected to lower borrowing costs on the company’s revolving credit and term loan facilities, improving its cost of capital and enabling more efficient capital deployment.
The investment‑grade status reinforces NETSTREIT’s strategy of acquiring high‑quality, single‑tenant net‑lease retail properties with e‑commerce‑resistant tenants. Management expects the rating to accelerate the capital‑recycling plan, allowing the REIT to divest non‑core assets and reinvest in higher‑quality properties, potentially supporting higher dividend growth and shareholder returns.
CFO Daniel Donlan emphasized that the rating “affirms our commitment to a conservatively managed balance sheet and low leverage profile… With this inaugural investment‑grade rating, the Company can now recognize substantial interest expense savings across our revolving credit and term loan facilities.” The rating also positions NETSTREIT to access broader debt markets at more favorable terms.
While the rating is the lowest tier of investment‑grade, it still signals strong credit quality and provides a buffer against economic changes. Analysts note that the rating, combined with the REIT’s robust occupancy and disciplined capital structure, strengthens its competitive position in the single‑tenant net‑lease market.
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