Netstreit Investor Presentation Deck
Investment Highlights & Business Update
High Credit Quality & Diverse Net Lease Portfolio
Focused on growing portfolio with high quality tenants that
offer strong credit profiles and provide consistent performance
through various economic cycles
Proactive asset management with successful track record of
maintaining full occupancy and strong rent collections through
the pandemic
Well diversified by tenant and retail industry across 45 states
Well Capitalized Balance Sheet
Low leverage with no immediate-term debt maturities
Strong liquidity supported by active ATM program; issued
$126 million of common stock through the ATM, with vast
majority completed on a forward basis during 3Q'23
Strong investment pace since 2020 with a strong pipeline of
investment opportunities at attractive cash yields
$117.5 million of investments completed in 3Q'23, which are
97.2% leased to IG and IGP tenants
83%
Investment Grade (IG) and
Investment Grade Profile (IGP)1
100%
Occupancy
85
Tenants
Proven Ability to Source Attractive Investment Opportunities
$115 million
Avg. Quarterly Investments
Since 3Q'20
4.2x
Net Debt2/ Annualized Adj.
EBITD Are
NETSTREIT
$564.6 million
Total PF Liquidity2,3
$327.9 million
YTD Net Investments
3. Pro forma (PF) adjustment includes the $100.0 million remaining available principal from the $250.0 million senior unsecured term loan that closed on July 3, 2023.
4. Assumes Company exercises its one-year extension option to further extend maturity to January 2027.
87%
Necessity, Discount, and
Service-Oriented Tenants
100%
Rent Collections
26
Retail Industries
22%
Net Debt2/ Undepreciated
Gross Assets
2027
First Debt Maturity4
6.7%
Cash Yield on New
Investments Since 3Q'20
Source: Company data and balance sheet as of September 30, 2023, unless otherwise noted. Figures represent percentage of ABR unless otherwise noted.
1. Represents tenants with investment grade credit metrics (more than $1.0 billion in annual sales and a debt to adjusted EBITDA ratio of less than 2.0x), but do not carry a published rating from S&P, Fitch, Moody's, or NAIC.
2. Adjustment reflects 5,983,7116 shares of unsettled forward equity shares under the ATM at the September 30, 2023 available net settlement price of $16.49.
7.2%
YTD Cash Yield
3View entire presentation