Netstreit IPO Presentation Deck

3 Tenant Credit Underwriting NETSTREIT employs a credit-focused underwriting strategy for all tenants - the MOST IMPORTANT element of the Company's underwriting process that drives stable revenue and long-term return on investment High-Quality Unrated Sub-IG, Not Rated H 19 1 Description Durability % Of ABR¹ Lease Terms (WALT, Rent Bumps, etc.) Representative Tenants NETSTREIT Investment Grade Rated¹ Validated financial strength and stability Professional management with standardized operational practices Focus on corporate guarantee credit Lower relative yields Higher competition for deals Less negotiating leverage Walgreens Kroger Firestone DOLLAR GENERAL Defensive, consistent performance through economic cycles UAN Walmart IG-caliber balance sheets without explicit rating Threshold metrics: 71% Total LOWE'S Advance Auto Partsilo # # >$1B in Sales Max Debt / Unadjusted EBITDA of 2.0x 7% More negotiating leverage HOBBYS LOBBY OLLIE'S Sour Company data. Particia data represents portlas of 20/2020 1. Trus Investment Grade includes Tractor Supply which has an equivalent rating of NAIC-2 Well-capitalized retailers National footprint with strong brand Focus on real estate quality / unit-level profitability Higher relative yields Lower competition for deals Coverage and credit enhancements required given more susceptible to market disruptions 29% Most negotiating leverage CALIBER COLLISION chili's Jacks CAMPING WORLD ***** Burlington

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