Netstreit Investor Presentation Deck
Conservative Balance Sheet with Improved Liquidity
Balance Sheet Positioned for Growth Given Strong Liquidity Profile and Low Leverage Position
Abundant Liquidity to Support Growth:
$564.6 million in total PF liquidity ¹
Access to Debt:
Secured new 5.5-year $250 million term loan²
Well-Staggered Debt Maturity Profile:
No term loan maturities expected until 20272,3
Unsecured Balance Sheet:
Asset base is over 99% unencumbered
Low Leverage:
PF Net Debt4 / Annualized Adjusted EBITDAre of 4.2x
$600
NETSTREIT
$500
$400
$300
$200
$100
$0
Debt Maturity Schedule - Pro Forma ²,3
2024
2024 Unsecured Term Loan 3.
2029 Unsecured Term Loan ²
LRevolving Credit Facility Capacity
2023
2025
2026
$8
$400
$175
2027
$200
2028
2028 Unsecured Term Loan
Mortgage Note
$250
2029
Source: Company data as September 30, 2023, unless otherwise noted.
1. Pro forma (PF) adjustment reflects 5,983,711 of unsettled common stock issued through the ATM during the third quarter were settled for cash on September 30, 2023, and includes the $100.0 million available to draw from the $250.0 million senior
unsecured term loan that closed on July 3, 2023.
2. The three-year $250 million senior unsecured delayed draw term loan includes two one-year extension options and one six-month to extend maturity to January 2029, at Company's discretion, totaling 5.5 year of available term.
3. Company extended the existing $175 million term loan maturity to January 2026 from December 2024, with a one-year extension option to further extend maturity to January 2027.
4. Pro forma (PF) adjustment reflects 5,983,711 shares of unsettled common stock issued through the ATM during the third quarter were settled for cash on September 30, 2023.
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