Netstreit Investor Presentation Deck
1
2023E AFFO per Share Growth ¹
7.0%
ESSENTIAL PROPERTIES
Multiple and Earnings Growth Comparison
Relative Valuation and Growth Remains Favorable
6.4%
ESSENTIAL PROPERTIES
4.5%
NETSTREIT
3.8%
3.0% 2.8%
3
2024E AFFO per Share Growth ³
AGREE REALTY
AGREE REALTY Getty Realty #FCPT REALTY INCOME
3.5%
3.3%
2.3%
#FCPT REALTY INCOME
Source: Public filings, FactSet and S&P Capital IQ.
Note: Market data as of October 24, 2023.
1.9%
2.6%
Getty Realty
2.4%
SPIRIT
1.9%
NATIONAL RETAR
MORTES
2.3%
N
NETSTREIT
1.0%
SPIRIT
2.1%
NN
(0.6%)
(W.P. CAREY)
(6.5%)
(W.P. CAREY
2023E AFFO per Share Multiple ²
13.8x
AGREE REALTY
13.3x
AGREE REALTY
12.8x 12.5x 12.4x 12.1x 11.5x 11.0x
1
1. 2023E AFFO per share growth is calculated using FactSet mean 2023E AFFO per share estimates and 2022A AFFO per share.
2. 2023E AFFO per share multiple calculated using current price per share and FactSet mean 2023E AFFO per share estimates.
3. 2024E AFFO per share growth is calculated using FactSet mean 2024E AFFO per share estimates and mean 2023E AFFO per share estimates.
4. 2024E AFFO per share multiple calculated using current price per share and FactSet mean 2024E AFFO per share estimates.
NETSTREIT
ESSENTIAL PROPERTIES #FCPT
2024E AFFO per Share Multiple 4
REALLY INCOME
12.1x 12.0x 12.0x
#FCPT
REALTY INCOME
Getty Realty
ESSENTIAL PROPERTIes
NETSTREIT
11.8x 11.3x
Getty Realty
N
NETSTREIT
NATIONAL RETAIL
PROPERTIES
10.9x
(W.P. CAREY
10.2x
(W.P. CAREY
10.7x
NATIONAL RETAIL
NN PROPERTIES
9.2x
SPIRIT
9.0x
SPIRIT
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