XML 68 R58.htm IDEA: XBRL DOCUMENT
v3.23.2

Shareholders’ Equity, Partners’ Capital and Preferred Equity - Narrative (Details) - USD ($) |  |  |  |  |  |  |  | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 28, 2023 | Mar. 30, 2023 | Aug. 10, 2022 | Aug. 08, 2022 | Jun. 23, 2022 | Mar. 30, 2022 | Jan. 13, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 23, 2023 | Dec. 31, 2022 | Sep. 01, 2021
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock in public offerings, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 167,439,000 | $ 125,497,000 |  |  |
Payments of offering costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 185,000 | 694,000 |  |  |
Payment of OP unit distributions |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 203,000 | $ 213,000 |  |  |
OP Unit conversion ratio per share |  |  |  |  |  |  |  | 1 |  |  | 1 |  |  |  | 1 |  |  |  |
Restricted Stock Units (RSUs) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forfeited during period (in shares) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18,000 | 17,000 |  |  |
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation, Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 400,000 | $ 400,000 |  |  |
Netstreit, L.P. (The Operating Partnership) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-controlling interest holders ownership |  |  |  |  |  |  |  | 0.80% |  |  | 0.80% |  |  |  | 0.80% |  |  | 0.90% |
Public Offering |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares sold (in shares) |  |  |  |  |  |  | 10,350,000 |  |  |  |  |  |  |  |  |  |  |  |
Shares sold (in dollars per share) |  |  |  |  |  | $ 22.25 | $ 22.25 |  |  |  |  |  |  |  |  |  | $ 22.25 |  |
IPO - Shares From Existing Shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Units converted (in shares) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,694 | 47,894 |  |  |
IPO - Shares From Existing Shareholders | Common stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Units converted (in shares) |  |  |  |  |  |  |  |  |  |  | 0 | 5,694 | 22,265 | 25,629 |  |  |  |  |
August 2022 Follow-On Offering |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares sold (in shares) |  |  | 10,350,000 | 9,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shares sold (in dollars per share) | $ 20.20 | $ 20.20 |  | $ 20.20 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-Allotment Option |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares sold (in shares) |  |  |  | 1,350,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares sold (in shares) |  |  |  |  | 2,397,035 | 3,440,962 |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock in public offerings, net |  |  |  |  | $ 50,000,000 | $ 72,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Payments of offering costs |  |  |  |  | $ 3,300,000 | $ 4,600,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock | ATM Program |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At-the-market sale of equity program |  |  |  |  |  |  |  | $ 127,300,000 |  |  | $ 127,300,000 |  |  |  | $ 127,300,000 |  |  |  | $ 250,000,000
Number of shares sold (in shares) |  |  |  |  |  |  |  | 1,364,815 | 146,745 | 163,774 |  |  |  |  |  |  |  |  |
Shares sold (in dollars per share) |  |  |  |  |  |  |  | $ 17.53 | $ 20.22 | $ 22.08 | $ 17.53 | $ 20.22 |  | $ 22.08 | $ 17.53 |  |  |  |
Issuance of common stock in public offerings, net |  |  |  |  |  |  |  | $ 23,400,000 | $ 2,900,000 | $ 3,500,000 |  |  |  |  |  |  |  |  |
Payments of offering costs |  |  |  |  |  |  |  | $ 300,000 | $ 100,000 | $ 100,000 |  |  |  |  |  |  |  |  |
Common stock | August 2022 Follow-On Offering |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsidiary, Sale of Stock [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of shares sold (in shares) | 4,763,320 | 2,612,736 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuance of common stock in public offerings, net | $ 91,100,000 | $ 50,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments of offering costs | $ 5,100,000 | $ 2,800,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Common Stock, Shares Reserved for Future Issuance, Value + References No definition available. + Details
Name: | ntst_CommonStockSharesReservedForFutureIssuanceValue
Namespace Prefix: | ntst_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition OP Unit Conversion Ratio + References No definition available. + Details
Name: | ntst_OPUnitConversionRatio
Namespace Prefix: | ntst_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation, Value + References No definition available. + Details
Name: | ntst_ShareBasedPaymentArrangementSharesWithheldForTaxWithholdingObligationValue
Namespace Prefix: | ntst_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. + References No definition available. + Details
Name: | us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15 + Details
Name: | us-gaap_PaymentsOfDividendsMinorityInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for cost incurred directly with the issuance of an equity security. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-15 + Details
Name: | us-gaap_PaymentsOfStockIssuanceCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash inflow from the additional capital contribution to the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 14 -Subparagraph (a) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-14 + Details
Name: | us-gaap_ProceedsFromIssuanceOfCommonStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPricePerShare
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of shares issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 + Details
Name: | us-gaap_StockIssuedDuringPeriodSharesConversionOfUnits
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SubsidiarySaleOfStockLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=ntst_NetstreitLPTheOperatingPartnershipMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=ntst_PublicOfferingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=ntst_IPOSharesFromExistingShareholdersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=ntst_August2022FollowOnOfferingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=us-gaap_OverAllotmentOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=ntst_ATMProgramMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |