{ "docId": "019de516-3222-7048-96ea-375861364e4e", "docSlug": "a5c0ec31fa0fbc279274fda6b8625448", "documentTitle": "Netstreit | Investor Presentation Deck | 41 slides", "authorId": "netstreit", "authorName": "Netstreit", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-07-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 12, "pageCount": 41, "prevPage": 11, "nextPage": 13, "slideType": "competitive_analysis", "function": "compare_peers", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de516-3222-7048-96ea-375861364e4e/12", "deckHref": "/decks/019de516-3222-7048-96ea-375861364e4e", "deckJsonHref": "/decks/019de516-3222-7048-96ea-375861364e4e.json", "deckAnchorHref": "/decks/019de516-3222-7048-96ea-375861364e4e#slide-12", "components": [ { "bbox": { "h": 0.026, "w": 0.08, "x": 0.615, "y": 0.339 }, "kind": "image", "text": "NNN REIT", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "50b228ea-dfcb-4804-8760-0ee1fe7b22fe", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.121, "x": 0.826, "y": 0.339 }, "kind": "image", "text": "ESSENTIAL PROPERTIES", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "789ae223-b7da-4063-8904-2def309d1214", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.07, "x": 0.726, "y": 0.339 }, "kind": "image", "text": "FCPT", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "af1fd467-7b3d-44dc-9cef-d8f0215333c6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.109, "x": 0.473, "y": 0.339 }, "kind": "image", "text": "AGREE REALTY", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d0436f7f-d6bc-435c-ad24-5581daf0132a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.08, "x": 0.368, "y": 0.339 }, "kind": "image", "text": "NETSTREIT", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f7140023-f98d-4b49-9f93-a186b4e74247", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.012, "w": 0.47, "x": 0.039, "y": 0.929 }, "kind": "source-note", "text": "3. Assumes cash cap rate is 30bps lower than reported GAAP cap rate.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "08a608e4-01a9-423e-9561-c5b22dadf610", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.024, "w": 0.907, "x": 0.039, "y": 0.889 }, "kind": "source-note", "text": "1. Investments 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.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5dbfa7bd-5d08-4b9b-a1b0-c716d0ba0a9c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.012, "w": 0.54, "x": 0.039, "y": 0.915 }, "kind": "source-note", "text": "2. Excludes lease extension options and investments that secure mortgage loans receivable.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "734f9ca8-35a0-440a-a2ee-01366f8720f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.012, "w": 0.84, "x": 0.039, "y": 0.874 }, "kind": "source-note", "text": "Source: Company filings from August 2020 through June 30, 2023. ADC, NNN, FCPT, EPRT data as of March 31, 2023.", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "74d9c8f2-a78d-4244-b909-ec704cc52deb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.319, "w": 0.874, "x": 0.073, "y": 0.334 }, "kind": "table", "text": "Volume $(000)s from 3Q'20 – 2Q'23 $1,278 $4,096 $1,665 $714 $2,511\nInvestment Grade % 67.0% 66.9% NA 52.1% NA\nInvestment Grade Profile¹ % 13.6% NA NA NA NA\nIG + IG Profile % 80.7% NA NA NA NA\nWALT² 9.8 9.3 10.5 9.3 14.1\nWeighted Average Cash Yield 6.7% 6.0%³ 6.4% 6.5% 7.1%", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6d1cdb9c-cc77-4d3d-90ac-9236c4cc23c9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.63, "x": 0.081, "y": 0.106 }, "kind": "title", "text": "Consistently Invested at Above-Market Yields Despite Focus on High-Quality Tenants", "attrs": {}, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6e63bd90-97b4-4dcc-894a-667d15ebd0c7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.746, "x": 0.081, "y": 0.065 }, "kind": "title", "text": "History of Sourcing Investments at Attractive Yields", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8447f5fe-540b-4998-86d9-ba4a84c5a3d0", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Data Story Arc", "slug": "data-story-arc", "agent": "Storyteller", "layer": "slide", "matchId": "d8328f34-da25-4520-93ad-92bc83987d61", "evidence": "table/data: Volume $(000)s from 3Q'20 – 2Q'23", "confidence": 0.5 } ], "frameworks": [], "arcBeats": [ { "to": 12, "from": 10, "beatId": "e9d8cfc1-cc18-49ea-afb0-2e5866a504c0", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Market Size", "beatSlug": "sequoia-pitch-market-size", "evidence": "Portfolio highlights and business model", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }