Netstreit Investor Presentation Deck
Conservative Balance Sheet with Improved Liquidity
Balance Sheet Positioned for Growth Given Strong Liquidity Profile and Low Leverage Position
Abundant Liquidity to Support Growth:
$557 million in total PF liquidity ¹
Access to Debt:
Secured new 5.5-year $250 million term loan²
Well-Staggered Debt Maturity Profile:
Substantially increased weighted average debt maturity
to 4.5 years; no term loan maturities expected until
20272,3
Unsecured Balance Sheet:
Asset base is over 99% unencumbered
Low Leverage:
Net Debt / Annualized Adjusted EBITDAre of 4.6x
$600
$500
$400
$300
$200
$100
$0
Debt Maturity Schedule - Pro Forma ²,3
2023
2024
2025
2024 Unsecured Term Loan (3)
2029 Unsecured Term Loan (2)
LRevolving Credit Facility Capacity
2026
$8
I
I
$400
$175
2027
$200
2028
2028 Unsecured Term Loan
Mortgage Note
Source: Company data as June 30, 2023, unless otherwise noted.
1. Pro forma (PF) adjustment includes the new $250 million term loan that closed on July 3, 2023.
2. The three-year $250 million senior unsecured delayed draw term loan includes two one-year extension options and one six-month to extend maturity to January 2029, at Company's discretion, totaling 5.5 year of available term.
3. Company extended the existing $175 million term loan maturity to January 2026 from December 2024, with a one-year extension option to further extend maturity to January 2027.
NETSTREIT
$250
2029
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