SCHEDULE: Principal Investors Boost NETSTREIT Stake to 9.5%

Principal Real Estate Investors and Principal Global Investors have increased their combined beneficial ownership in NETSTREIT Corp. to 9.5% of common stock.

Summary

• Principal Real Estate Investors, LLC and Principal Global Investors have updated their beneficial ownership in NETSTREIT Corp. through an Amendment No. 2 to Schedule 13G.
• Combined beneficial ownership totals 7,760,161 shares of NETSTREIT Corp. Common Stock.
• This represents 9.5% of the outstanding class of securities.
• Principal Real Estate Investors, LLC holds 7,570,447 shares, accounting for 9.3% of the class, with shared voting and dispositive power.
• Principal Global Investors holds 189,714 shares, accounting for 0.2% of the class, also with shared voting and dispositive power.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a neutral disclosure of beneficial ownership, indicating a significant stake by institutional investors without providing performance or forward-looking statements.

Positives

• A significant increase in beneficial ownership by institutional investors like Principal Real Estate Investors and Principal Global Investors, reaching 9.5% of the common stock, can be interpreted by the market as a positive signal of confidence in NETSTREIT Corp.'s long-term prospects.

Negatives

• No negative information regarding NETSTREIT Corp.'s operations or financial performance is disclosed.

Risks

• No specific operational or financial risks of NETSTREIT Corp. are disclosed in this beneficial ownership statement. The reporting persons certified that their holdings are not for the purpose of changing or influencing control, mitigating potential control-related risks from their stake.

Future Outlook

No forward-looking statements or guidance regarding NETSTREIT Corp.'s future performance or operations are provided.

Management Comments

• The Chief Compliance Officer of Principal Asset Management certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing is a disclosure of an institutional investor's stake and does not provide broader industry trend analysis or competitive positioning.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional investor's stake can influence market perception and potentially liquidity.

Key Dates

Keywords

NETSTREIT Corp, Common Stock, Schedule 13G, Beneficial Ownership, Principal Real Estate Investors, Principal Global Investors, Investment Adviser, SEC Filing, Real Estate Investment