XML 74 R56.htm IDEA: XBRL DOCUMENT v3.20.4
Stockholders’ Equity, Partners’ Capital and Preferred Equity - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 2 Months Ended 12 Months Ended
Dec. 15, 2020
Sep. 25, 2020
Aug. 17, 2020
Jun. 30, 2020
Jan. 27, 2020
Dec. 31, 2019
Dec. 23, 2019
Aug. 31, 2020
May 31, 2020
Jan. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 22, 2019
Subsidiary, Sale of Stock [Line Items]                          
Issuance of common stock in initial public offering, net     $ 227,300     $ 0         $ 227,301   $ 0
Issuance of common stock in private offering, net           164,727         54,559   0
Redemption of preferred stock upon initial public offering                     $ 138    
Preferred stock, shares outstanding (in shares)                     0    
Payment of OP unit distributions $ 400 $ 400       0         $ 777   0
Payment of common stock dividends   $ 2,400       $ 0         $ 8,057   $ 0
Annual required distribution                       $ 200  
Number of OP units received (in shares)             11,797,645            
Proceeds from sale of units     $ 227,300                    
Contributions to operating partnership             $ 219,000            
Restricted Stock Units (RSUs)                          
Subsidiary, Sale of Stock [Line Items]                          
Shares withheld for restricted stock units vested (in shares)                     7,000    
Value of shares withheld for restricted stock units vested                     $ 100    
Netstreit, L.P. (The Operating Partnership)                          
Subsidiary, Sale of Stock [Line Items]                          
Non-controlling interest holders ownership           33.40% 27.40%       5.80% 33.40%  
OP Units                          
Subsidiary, Sale of Stock [Line Items]                          
Number of OP units received (in shares)     13,681,561                    
OP Units | Netstreit, L.P. (The Operating Partnership) | Class A OP Units                          
Subsidiary, Sale of Stock [Line Items]                          
Operating partnership units issued (in shares)             11,797,645            
OP Units | Predecessor                          
Subsidiary, Sale of Stock [Line Items]                          
Operating partnership units issued (in shares)             4,449,019            
OP Units | Predecessor | Class A OP Units                          
Subsidiary, Sale of Stock [Line Items]                          
Operating partnership units issued (in shares)             3,652,149            
OP Units | Predecessor | Class B OP Units                          
Subsidiary, Sale of Stock [Line Items]                          
Operating partnership units issued (in shares)             796,870            
IPO                          
Subsidiary, Sale of Stock [Line Items]                          
Issuance of common stock in initial public offering, net     $ 227,300                    
Payments of offering costs     $ 18,900                    
Number of shares sold (in shares)     13,681,561                    
Private Placement                          
Subsidiary, Sale of Stock [Line Items]                          
Number of shares sold (in shares)                   11,797,645      
Issuance of common stock in private offering, net                   $ 219,000      
Discount and placement fees                   $ 13,900      
Common stock                          
Subsidiary, Sale of Stock [Line Items]                          
Units converted (in shares)     255,268                    
Shares withheld for restricted stock units vested (in shares)                     7,398    
Common stock | IPO                          
Subsidiary, Sale of Stock [Line Items]                          
Number of shares sold (in shares)     12,244,732                    
Units converted (in shares)                     255,268    
Common stock | Private Placement                          
Subsidiary, Sale of Stock [Line Items]                          
Number of shares sold (in shares)             8,860,760            
Shares sold (in dollars per share)             $ 19.75            
Common stock | IPO - Shares From Existing Shareholders                          
Subsidiary, Sale of Stock [Line Items]                          
Units converted (in shares)                     2,441,869    
Shares sold (in dollars per share)     $ 18.00                    
Common stock | IPO - Shares From Existing Shareholders | Netstreit, L.P. (The Operating Partnership)                          
Subsidiary, Sale of Stock [Line Items]                          
Number of shares sold (in shares)     255,268               2,441,869    
Preferred stock                          
Subsidiary, Sale of Stock [Line Items]                          
Number of shares sold (in shares)         125                
Preferred stock, dividend rate         12.00%                
Preferred stock, par value (in dollars per share)         $ 0.01                
Shares sold (in dollars per share)         1,000                
Preferred stock, redemption price (in dollars per share)         1,000     $ 100          
Preferred dividend paid (in dollars per share)       $ 51.33                  
Preferred dividend declared (in dollars per share)                 $ 51.33        
Redemption of preferred stock upon initial public offering (in shares)     125         125     125    
Redemption of preferred stock upon initial public offering               $ 100     $ 104    
Preferred stock | Until December 31, 2021                          
Subsidiary, Sale of Stock [Line Items]                          
Preferred stock, redemption premium per share (in dollars per share)         100                
Preferred stock | After December 31, 2021                          
Subsidiary, Sale of Stock [Line Items]                          
Preferred stock, redemption premium per share (in dollars per share)         $ 0