Netstreit Investor Presentation Deck
Unit-Level Profitability
Assess Unit-Level Financial Performance to Focus on Properties with Strong Rent Coverage and Higher Variability
in Operating Costs
1
Obtain Financial Info
Provides clarity into
location-specific
performance
Obtain unit-level financial
information from parent
company if possible
Ki
If financials are not provided,
utilize data provided by third
party vendors to estimate
sales by location
Third party data includes:
Cell phone traffic
Point of sales (POS) data
●
●
NETSTREIT
2
●
●
●
●
$
Perform Financial Analysis
Analyze store demand
dynamics, cost structure and
liquidity profile
Triangulate P&L based on available
information
●
Foot traffic
• Sales
●
EBITDAR margin
Rent
Account for variability in business
model cost structure
Higher proportion of fixed costs =
more variability in rent coverage
Determine store ranking within
tenant's broader operating portfolio
based on estimated sales
3
Assess Investment Merits
Determine whether property
meets investment criteria
Key Unit-Level Investment Criteria
●
Minimum 2.0x Rent
Coverage
Higher Cost Variability
Ranks in Top Half of
Tenant's Store Portfolio
11View entire presentation