NETSTREIT Corp. (NTST): Principal Real Estate Investors LLC, Principal Global Investors, and Principal Funds, Inc. filed an amended Schedule 13G reporting passive ownership in NETSTREIT. They disclose aggregate beneficial ownership of 8,935,308 shares, representing 10.7% of the common stock. The filing lists the event date as October 31, 2025.
By entity, reported shared voting and dispositive power includes: Principal Real Estate Investors LLC 8,609,093 shares, Principal Global Investors 326,215 shares, and Principal Funds, Inc. 4,451,754 shares. The Principal Real Estate Securities Fund, a series of Principal Funds, Inc., held 4,451,754 shares, or 5.3%, as of October 31, 2025. The certification states the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.
Principal entities report aggregate beneficial ownership of 8,935,308 NETSTREIT shares, or 10.7%, tied to an event on October 31, 2025. The filing is on Schedule 13G/A, which is used for passive investors.
The entities list shared voting and dispositive power (no sole power), and certify ordinary-course acquisition without intent to influence control. One subfund, the Principal Real Estate Securities Fund, holds 4,451,754 shares (5.3%).
As a passive disclosure, this is procedural. Actual impact depends on portfolio decisions by the reporting holders; no transaction terms or corporate actions are described.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
NETSTREIT Corp.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
64119V303
(CUSIP Number)
10/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
64119V303
1
Names of Reporting Persons
PRINCIPAL REAL ESTATE INVESTORS, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,609,093.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,609,093.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,609,093.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
64119V303
1
Names of Reporting Persons
PRINCIPAL GLOBAL INVESTORS
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
326,215.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
326,215.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
326,215.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
64119V303
1
Names of Reporting Persons
PRINCIPAL FUNDS, INC.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MARYLAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,451,754.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,451,754.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,451,754.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
IV
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
NETSTREIT Corp.
(b)
Address of issuer's principal executive offices:
2021 MCKINNEY AVENUE, SUITE 1150, DALLAS, TEXAS
75201
Item 2.
(a)
Name of person filing:
PRINCIPAL REAL ESTATE INVESTORS, LLC
PRINCIPAL GLOBAL INVESTORS
PRINCIPAL FUNDS, INC.
(b)
Address or principal business office or, if none, residence:
PRINCIPAL REAL ESTATE INVESTORS, LLC
711 HIGH STREET
DES MOINES, Iowa
50392-0300
PRINCIPAL GLOBAL INVESTORS
711 HIGH STREET
DES MOINES, Iowa
50392-0300
PRINCIPAL FUNDS, INC.
711 HIGH STREET
DES MOINES, Iowa
50392-0300
(c)
Citizenship:
PRINCIPAL REAL ESTATE INVESTORS, LLC - DELAWARE
PRINCIPAL GLOBAL INVESTORS - DELAWARE
PRINCIPAL FUNDS, INC. - MARYLAND
(d)
Title of class of securities:
Common Stock, $0.01 par value per share
(e)
CUSIP No.:
64119V303
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
8,935,308
(b)
Percent of class:
10.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
PRINCIPAL REAL ESTATE INVESTORS, LLC - 0
PRINCIPAL GLOBAL INVESTORS - 0
PRINCIPAL FUNDS, INC. - 0
(ii) Shared power to vote or to direct the vote:
PRINCIPAL REAL ESTATE INVESTORS, LLC - 8,609,093
PRINCIPAL GLOBAL INVESTORS - 326,215
PRINCIPAL FUNDS, INC. - 4,451,754
(iii) Sole power to dispose or to direct the disposition of:
PRINCIPAL REAL ESTATE INVESTORS, LLC - 0
PRINCIPAL GLOBAL INVESTORS - 0
PRINCIPAL FUNDS, INC. - 0
(iv) Shared power to dispose or to direct the disposition of:
PRINCIPAL REAL ESTATE INVESTORS, LLC - 8,609,093
PRINCIPAL GLOBAL INVESTORS - 326,215
PRINCIPAL FUNDS, INC. - 4,451,754
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
As of October 31, 2025 the Principal Real Estate Securities Fund, a series to the Principal Funds, Inc., had ownership of
4,451,754 shares representing 5.3%.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
PRINCIPAL REAL ESTATE INVESTORS, LLC
Signature:
/s/ J. Markham Penrod
Name/Title:
Chief Compliance Officer - North America, Principal Asset Management
Date:
11/05/2025
PRINCIPAL GLOBAL INVESTORS
Signature:
/s/ J. Markham Penrod
Name/Title:
Chief Compliance Officer - North America, Principal Asset Management
Date:
11/05/2025
PRINCIPAL FUNDS, INC.
Signature:
/s/ John L. Sullivan
Name/Title:
Counsel and Assistant Secretary
Date:
11/06/2025
Exhibit Information
This statement is filed by Principal Global Investors LLC, Principal Real Estate Investors LLC, and Principal Funds Inc. jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1.
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