Netstreit Investor Presentation Deck
Strong Tenant Credit Underwriting
Credit-Focused Underwriting Approach Drives Stable Revenue and Long-Term Return on Investment
Description
Durability
% Of ABR
Lease Terms (WALT,
Rent Bumps, etc.)
Representative Tenants
Note: Portfolio data as of June 30, 2023.
NETSTREIT
Investment Grade
(rated)
Validated financial strength and
stability
Professional management with
standardized operational practices
Focus on corporate guarantee credit
Lower relative yields
Higher competition for deals
Walgreens
TJX
67.7%
Less negotiating leverage
THE TX COMPANIES, INC
Defensive, consistent performance through economic cycles
Firestone
O TARGET
ELEVEN
Kroger
ABUCK
TAR
Investment Grade
Profile (unrated)
81.8% IG and
IG Profile
Walmart
LOWE'S
WHOLE
Advancel
FOODS Auto Parts
IG-caliber balance sheets without
explicit rating
Threshold metrics:
●
At least $1B in sales
Debt / adjusted EBITDA
of less than 2.0x
14.1%
More negotiating leverage
WAREHOUSE
OLLIE'S Chick-fil-&
Bargain
OUTLET
GOOD STUFF CHEAP
HOBBY
LOBBY
Publix. REI
Sub-IG (rated) &
Sub-IG Profile
(unrated)¹
Well-capitalized retailers
National footprint with strong brand
equity
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
Most negotiating leverage
KFC
Jacks
18.2%
Davita. Wendy's
Caribou
COFFEE.
Bojangles
Winn✔Dixie
Burlington
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