Netstreit Investor Presentation Deck
Debt, Capitalization, and Financial Ratios
(unaudited, dollars in thousands)
Debt Summary
Unsecured revolver(2)
Unsecured term loan (3)
Unsecured term loan (4)
Unsecured term loan (5)
Mortgage note (6)
Total Weighted Average
Start Date
Current
November 27, 2023
December 23, 2024
Fully Extended
Maturity
NETSTREIT
August 11, 2027
January 15, 2027
February 11, 2028
January 3, 2029
November 01, 2027
Fixed, 93%
$
$
$
$
$
$175 million Term Loan Interest Rate Schedule
Applicable Balance
175,000
End Date
November 27, 2023
December 23, 2024
January 15, 2027
175,000
175,000
Fixed vs. Floating Debt
Floating,
7%
Principal Balance
42,000
175,000
200,000
150,000
8,399
575,399
As of September 30, 2023
Interest Rate (1)
Fixed Rate (1)
1.37 %
3.12%
3.65 %
6.42%
1.37%
3.88%
4.89%
4.53%
3.57%
$600
$500
$400
$300
$200
$100
$0
Remaining Capacity
358,000
$
$
2023
100,000
458,000
Available Term (years)
3.9
3.3
4.4
5.3
4.1
4.2
Debt Maturity Schedule
2024
2025
2026
2024 Unsecured Term Loan
2029 Unsecured Term Loan
LRevolving Credit Facility Capacity
$8
I $400
$175
2027
$200
2028
■2028 Unsecured Term Loan
Mortgage Note
1. Rates presented exclude the impact of capitalized loan fee amortization.
2. Interest rate reflects the all-in borrowing rate as of September 30, 2023. Facility fees are charged at an annual rate of 0.15% of the total facility size of $400 million, and are not included in the interest rate presented. The
facility matures on August 11, 2026 and includes a one-year extension option.
3. Interest rate consists of the fixed rate SOFR swap of 0.12%, plus a credit s ead adjustment of 0.10% and a borrowing spread of 1.15%. See the $175 million Term Loan - Interest Rate Schedule table for additional detail on
the fixed interest rate changes through the fully extended maturity.
4. Interest rate consists of the fixed rate SOFR swap of 2.63%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. The swap terminates of February 11, 2028.
5. Interest rate consists of the fixed rate SOFR swap of 3.64%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. The term loan matures on July 3, 2026 and includes two one-year extension options
and one six-month extension option.
6. The mortgage note was assumed as part of an asset acquisition during the third quarter of 2022.
$250
2029
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