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;
abundant liquidity supported by active ATM program
Secured new $250 million unsecured term loan and extended
expiration of $175 million term loan to 2027²
Proven Ability to Source Attractive Investment
Strong investment pace since 2020 with a strong pipeline of
investment opportunities at attractive cash yields
$119 million of completed investments at weighted average
cash yield of 6.8% during 2Q'23
82%
Investment Grade and
Investment Grade Profile¹
100%
Occupancy
87
Tenants
4.6x
Net Debt / Annualized
Adjusted EBITD Are
$557 million
Total PF Liquidity
Opportunities
$115 million
Avg. Quarterly Investments
Since 1Q'20
$248 million
YTD Investments
87%
Necessity, Discount, and
Service-Oriented Tenants
100%
Rent Collections
25
Retail Industries
27%
Gross Debt / Undepreciated
Gross Assets
2027
First Debt Maturity²
6.7%
Cash Yield on New
Investments Since 3Q'20
7.3%
YTD Cash Yield
Note: Portfolio data and balance sheet as of June 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. Assumes Company exercises its one-year extension option to further extend maturity to January 2027.
NETSTREIT
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