Netstreit IPO Presentation Deck

5 Public Net Lease REIT G&A Benchmarking G&A % of Rental Revenue 19.1% JL FOUR CORNERS TECH STET LQA Rental Revenue (Sin millions): $158 $152 $469 1.3% NETSTREIT SPIRIT G&A % of Gross Book Value of Assets 0.7% EF FOUR CORNERS Toalerine 0.6% SPIRIT Gross Book Value of Assets (S in mans): $2,406 $2,159 $6,931 Sour Company data and SNL Financial Market dana 2011(22020. ALER $230 0.6% A Net Lease Retail Peer Average: 8.9% $3,258 $698 MTGADE OF KIL ERSITY INETHE STORE HATIKAN 5.1% 0.5% $1,657 $8,835 4.8% Net Lease Retail Peer Average: 0.6% $653 $22,039 NATIONAL RETNL KLAITY INCOME STORE PROPERTIES 0.3% $9,801 IG/Defensive Peers Other Pears 25.8% NETSTREIT | NETSTREIT! 2021E | @-3bn 1 I -$55 1.5% NTST's team is currently built to sustain an asset base of $3bn+ -$950 I i -$210 0.6% NETSTREIT NETSTREIT 2021E I @-3bn I -$3,000 Small Cap REIT Avg- (<$1bn) 1.5% Small Cap REIT Avg. (<$1bn) Mid Cap REIT Avg- 0.8% Mid Cap REIT Avg. ($3-$5bm) NETSTREIT's G&A registers proportionally high compared to peers due to its relative size, but the Company's G&A load will normalize to a level in-line with the public net lease retail peer average as the company achieves scale

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