Netstreit IPO Presentation Deck

3 Three-Part Underwriting Philosophy NETSTREIT leverages a disciplined, three-pronged approach to underwriting potential acquisitions which positions the Company to benefit from superior downside protection on its investments Level of Underwriting Emphasis NETSTREIT Bay S - Nigh А |IIII. sipa TENANT CREDIT UNDERWRITING Evaluate corporate level financials Assess business risks Determine ownership/sponsorship For Non-IG tenants, establish NETSTREIT implied credit rating B REAL ESTATE VALUATION Review underlying key real estate metrics to maximize re-leasing potential Location analysis Alternative use analysis i + CH UNIT-LEVEL PROFITABILITY Determine rent coverage (min. 2.0x) and cost variability Assess relative to corporate stability / real estate merits 14

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