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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2025
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
Schedule IV - Mortgage Loans on Real Estate |
NETSTREIT Corp.
Schedule IV - Mortgage Loans on Real Estate
As of December 31, 2025
(Dollars in thousands)
Description and Industry |  | Number of Secured Properties |  | State |  | Interest Rate |  | Final Maturity Date |  | Periodic Payment Terms(1) |  | Final Payment Terms |  | Prior Liens |  | Outstanding Face Amount of Mortgages |  | Carrying Amount of Mortgages |  | Principal amount of loans subject to delinquent principal or interest
Fully collateralized mortgage loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home Improvement |  | 1 |  | Oregon |  | 6.00% |  | 8/31/2027 |  | I/O |  | Balloon of $38.2 million |  | None |  | $ | 38,162 |  |  | $ | 38,162 |  |  | None
Convenience Stores |  | 46 |  | North Carolina |  | 9.55% |  | 3/10/2026 |  | I/O |  | Balloon of $41.9 million |  | None |  | 41,940 |  |  | 41,940 |  |  | None
Convenience Stores |  | 3 |  | North Carolina |  | 6.89% |  | 4/10/2026 |  | I/O |  | Balloon of $4.1 million |  | None |  | 4,132 |  |  | 4,117 |  |  | None
Dollar Stores |  | 2 |  | Mississippi |  | 10.09% |  | 6/10/2026 |  | I/O |  | Balloon of $2.2 million |  | None |  | 2,230 |  |  | 2,154 |  |  | None
Discount Retail |  | 1 |  | Wisconsin |  | 7.00% |  | 1/31/2026 |  | None (2) |  | Interest + Balloon of $0.8 million |  | None |  | 825 |  |  | 825 |  |  | None
Dollar Stores |  | 5 |  | Florida |  | 10.25% |  | 6/5/2026 |  | I/O |  | Balloon of $9.4 million |  | None |  | 9,356 |  |  | 9,356 |  |  | None
Automotive Service |  | 1 |  | Tennessee |  | 10.25% |  | 2/27/2026 |  | I/O |  | Balloon of $1.7 million |  | None |  | 1,703 |  |  | 1,703 |  |  | None
Dollar Stores |  | 1 |  | Pennsylvania |  | 7.25% |  | 9/19/2027 |  | P+I |  | Balloon of $1.4 million |  | None |  | 1,411 |  |  | 1,411 |  |  | None
Drug Stores & Pharmacies |  | 1 |  | Texas |  | 7.00% |  | 9/30/2029 |  | I/O |  | Balloon of $0.6 million |  | None |  | 636 |  |  | 636 |  |  | None
Convenience Stores |  | 1 |  | California |  | 6.50% |  | 12/23/2029 |  | I/O |  | Balloon of $3.3 million |  | None |  | 3,284 |  |  | 3,284 |  |  | None
Convenience Stores |  | 1 |  | California |  | 6.50% |  | 12/23/2029 |  | I/O |  | Balloon of $4.1 million |  | None |  | 4,105 |  |  | 4,105 |  |  | None
Quick Service Restaurants |  | 1 |  | Kentucky |  | 10.25% |  | 1/24/2026 |  | I/O |  | Balloon of $2.0 million |  | None |  | 1,964 |  |  | 1,964 |  |  | None
Quick Service Restaurants |  | 1 |  | Tennessee |  | 10.25% |  | 2/7/2026 |  | I/O |  | Balloon of $2.2 million |  | None |  | 2,216 |  |  | 2,216 |  |  | None
Quick Service Restaurants |  | 1 |  | Indiana |  | 9.75% |  | 3/12/2026 |  | I/O |  | Balloon of $1.8 million |  | None |  | 1,829 |  |  | 1,829 |  |  | None
Quick Service Restaurants |  | 1 |  | Indiana |  | 9.75% |  | 3/28/2026 |  | None (2) |  | Interest + Balloon of $1.7 million |  | None |  | 1,718 |  |  | 1,718 |  |  | None
Quick Service Restaurants |  | 1 |  | Ohio |  | 9.75% |  | 4/8/2026 |  | None (2) |  | Interest + Balloon of $1.8 million |  | None |  | 1,820 |  |  | 1,820 |  |  | None
Quick Service Restaurants |  | 1 |  | Kentucky |  | 9.75% |  | 4/16/2026 |  | None (2) |  | Interest + Balloon of $1.6 million |  | None |  | 1,647 |  |  | 1,647 |  |  | None
Quick Service Restaurants |  | 1 |  | Florida |  | 9.75% |  | 8/19/2026 |  | None (2) |  | Interest + Balloon of $2.0 million |  | None |  | 1,984 |  |  | 1,984 |  |  | None
Quick Service Restaurants |  | 1 |  | Florida |  | 9.75% |  | 8/27/2026 |  | None (2) |  | Interest + Balloon of $2.1 million |  | None |  | 2,088 |  |  | 2,088 |  |  | None
Quick Service Restaurants |  | 1 |  | Kentucky |  | 9.75% |  | 9/9/2026 |  | None (2) |  | Interest + Balloon of $1.7 million |  | None |  | 1,724 |  |  | 1,724 |  |  | None
Drug Stores & Pharmacies |  | 1 |  | Virginia |  | 7.25% |  | 5/18/2027 |  | I/O |  | Balloon of $6.1 million |  | None |  | 6,050 |  |  | 6,050 |  |  | None
Quick Service Restaurants |  | 1 |  | Kentucky |  | 9.75% |  | 10/16/2026 |  | None (2) |  | Interest + Balloon of $2.1 million |  | None |  | 2,095 |  |  | 2,095 |  |  | None
Quick Service Restaurants |  | 1 |  | Indiana |  | 9.75% |  | 10/22/2026 |  | None (2) |  | Interest + Balloon of $1.4 million |  | None |  | 1,427 |  |  | 1,427 |  |  | None
Quick Service Restaurants |  | 1 |  | Indiana |  | 9.75% |  | 10/24/2026 |  | None (2) |  | Interest + Balloon of $1.6 million |  | None |  | 1,551 |  |  | 1,551 |  |  | None
Quick Service Restaurants |  | 1 |  | Alabama |  | 9.75% |  | 10/30/2026 |  | None (2) |  | Interest + Balloon of $1.5 million |  | None |  | 1,474 |  |  | 1,474 |  |  | None
Quick Service Restaurants |  | 1 |  | Georgia |  | 9.75% |  | 1/1/2027 |  | None (2) |  | Interest + Balloon of $1.9 million |  | None |  | 1,872 |  |  | 1,872 |  |  | None
Quick Service Restaurants |  | 1 |  | Kentucky |  | 9.75% |  | 1/8/2027 |  | None (2) |  | Interest + Balloon of $1.0 million |  | None |  | 1,020 |  |  | 1,020 |  |  | None
Quick Service Restaurants |  | 1 |  | Tennessee |  | 9.75% |  | 1/30/2027 |  | None (2) |  | Interest + Balloon of $1.2 million |  | None |  | 1,224 |  |  | 1,224 |  |  | None
Quick Service Restaurants |  | 1 |  | South Carolina |  | 9.75% |  | 12/5/2026 |  | I/O |  | Balloon of $1.1 million |  | None |  | 1,068 |  |  | 1,068 |  |  | None
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 142,555 |  |  | $ | 142,464 |  |  |
(1) I/O: Interest Only; P+I: Principal and Interest. (2) Payments of both interest and principal are due at maturity. The following table shows changes in carrying amounts of mortgage loans receivable, net for the periods presented (in thousands):
|  | Year Ended December 31,
|  | 2025 |  | 2024 |  | 2023
Balance, beginning of year |  | $ | 139,409 |  |  | $ | 114,472 |  |  | $ | 46,378 |
Additions: |  |  |  |  |  |
New mortgage loans receivable |  | 37,597 |  |  | 29,722 |  |  | 72,399 |
Other: Increase in mortgage loans receivable in exchange for disposition of real estate |  | 8,450 |  |  | 20,101 |  |  | 1,970 |
Other: Increase in existing mortgage loans receivable in exchange for settlement of existing mortgage loan |  | — |  |  | — |  |  | 1,327 |
Capitalized loan origination costs and fees |  | 168 |  |  | (45) |  |  | 145 |
Discount on new mortgage loans receivable |  | (340) |  |  | (334) |  |  | (155) |
Amortization of discount |  | 193 |  |  | 302 |  |  | 39 |
Deductions: |  |  |  |  |  |
Collections of principal |  | (31,251) |  |  | (24,870) |  |  | (1,482) |
Other: Reclassification to held for sale |  | (10,480) |  |  | — |  |  | — |
Other: Mortgage loans receivable settled in exchange for acquisition of real estate |  | — |  |  | — |  |  | (4,673) |
Other: Mortgage loans receivable settled in refinancing of existing mortgage loans receivable |  | — |  |  | — |  |  | (1,327) |
Other: Provisions for impairment on mortgage loans receivable |  | (1,122) |  |  | — |  |  | — |
Amortization of loan origination costs and fees |  | (160) |  |  | 61 |  |  | (149) |
Balance, end of year |  | $ | 142,464 |  |  | $ | 139,409 |  |  | $ | 114,472 |
See report of independent registered public accounting firm.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding 3 percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Paragraph Column G -Footnote 8 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Paragraph Column G -Footnote 6 -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478322/948-310-S50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column G)(Footnote 6)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column G)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479628/948-310-S99-1 + Details
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