Netstreit IPO Presentation Deck
5 Balance Sheet Strategy
The Company intends to maintain a conservative balance sheet strategy, enabling it to be well-positioned for
sustainable growth
Balance Sheet Characteristics
$250 million unsecured revolving credit facility due December 2023
■ Interest Rate: L + 1.25%
* Pre-IPO projected outstanding balance of $36.9 million
$175 million unsecured term loan due December 2024
▪ Interest Rate: L + 1.20%
No upcoming debt maturities until 2024
Peer Metrics Comparison¹
Net Debt / EBITDA
MAGHEMBALITY
CORPORATION
NETSTREIT
MAINE PUPOIS
NETSTREIT target long-term leverage level of 4.5x - 5.5x aligns with peer set
PATIONAL RETAIL
PROPLE LY
IG/Defensive Peers Other Peers
5.0x
| NETSTREIT
Proceeds from the IPO will be used
to pay down revolver; a substantial
majority of remaining proceeds,
together with existing credit
capacity, provide ample liquidity to
fund acquisition pipeline
HEALTY
STORE
5.7x
#FCPT
5.7x
SPIRIT
HUA
Sour Public, 1. ParNo Debe/ERITOA represent run-rate matice of 01 2000 ADC, FCPT and SRC, which are of 02, and do not contemplaris capital na see sube equant to quarter and, NETSTREIT ou represents point at
target long-termNet Debt! EBITDA Inval of 4 5x – 15.5x ADC sted a pro forma net debt resuming EBITOA of 15x at the end of 02 2020, which in pro form for the salomont of the Company's April 2020 Forward Oraning and ATM Forward Offerings
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