Netstreit IPO Presentation Deck
H
My
1
3 A Focus on Investment Grade Tenants
***
AN
Investment grade tenants have outperformed during economic downturns and largely avoided bankruptcy
Price Performance vs. S&P 500 During GFC and COVID-19¹
2005 Financial Crisis
COVID-19 Outbreak
27%
NETSTREIT
Public IG-Rated Tenants Other Public Tonants Wild.
Wtd. Awg. by ABR²
Avg. by ABR3
IG/Defensive Peers vs. Other Peers YTD Price Performance¹
Feb-20
IG/Defensive Pers
Other Peers
www
налит
Mar-20
S&P 500
Jun-20
1:2%)
Major Net Lease Retail Tenant Bankruptcies (2009 - 2020)³
Best Credit Rating
Prior to Filing
(S&P / Moody's)
Retail Tenant
Wurt
Van
SHOPKO
sears
MATTRESS
FIRM
ToysЯus
GANDERMI
SPORTS
AUTHORITY
-Buffets, Inc.
BORDERS
Bankruptcy
Filing Date
Mar-20
Jan-19
Oct-18
Oct-18
Sep-17
Mar-17
Mar-16
Jan-12
Feb-11
Mar-09
NR/NR
BB- (May-01) /
B2 (Apr-01)
BB+ (Mar-05) /
Bal (Mar-05)
B+ (Sep-15) /
B1 (July-15)
BB (Mar-04)/
B1 (Aug-10)
NR/NR
B (Mar-06) /
B2 (Mar-06)
B (Nov-04)/
NR
NR/NR
NR/NR
Investment
Grade?
X
X
X
X
X
X
X X X X
Sources: Capital 10. Company isla, The Dual Pipuline, Bloomberg, SML Financial. 1. Time intervala based on market paaks to markat trough for 2008 Financial Crisis and COMID-19 Qurak (10/9/2007 10 8/9/2008 and 2/19 2020 10 3/28/28020,
respectively. Tonant ABR calculated based on NETSTREIT portfolio taas of 71312020. 2. 10 Wol Aug calousted on all of NETSTREIT public conants (16) total conants) ond includes Tractor Supply which has an equilplant rating of NC-2.3
Other Public Tonanta calul sied on all of NETSTREITs public non IG tonante (11 soal tona), 4. Sourced from SNL Financial market data of 231/2020. IGV Defensive poors include ADC and O. Othor peors incluto NNN, EPRT, FOPT, SRC, and
STOR 5 Badan The Deal Pipelinen of 4/22/2020. 6. indicates bast modit noting held ofer 1/1/2005 and date when the respective and it noting was assigned. Some credit ratings are pro-2006
16View entire presentation