{
  "docId": "019de517-6e01-7228-82b3-1226269d2271",
  "docSlug": "fe9e9a2111113f7c24e0afffc4388ade",
  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
  "authorId": "netstreit",
  "authorName": "Netstreit",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 16,
  "pageCount": 40,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "unfair_advantage",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 15,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019de517-6e01-7228-82b3-1226269d2271/16",
  "deckHref": "/decks/019de517-6e01-7228-82b3-1226269d2271",
  "deckJsonHref": "/decks/019de517-6e01-7228-82b3-1226269d2271.json",
  "deckAnchorHref": "/decks/019de517-6e01-7228-82b3-1226269d2271#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.259,
        "w": 0.476,
        "x": 0.486,
        "y": 0.563
      },
      "kind": "chart",
      "text": "Net Debt + Pref. / EBITDA5\n3.7x 4.2x 4.7x 4.8x 5.0x 5.3x 5.3x 5.6x 5.7x\nESSENTIAL PROPERTIES NETSTREIT Getty Realty AGREE REALTY REALTY INCOME NATIONAL RETAIL PROPERTIES SPIRIT FCPT W. CAREY",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "72c13d41-d8a6-48c5-b9d4-4b62a2862805",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.379,
        "w": 0.476,
        "x": 0.486,
        "y": 0.162
      },
      "kind": "chart",
      "text": "Debt Maturity Schedule – Pro Forma2,3\n$600\n$500\n$400\n$300\n$200\n$100\n$0\n2023 2024 2025 2026 2027 2028 2029\n$8 $175 $200 $250\n■2024 Unsecured Term Loan 3\n■2029 Unsecured Term Loan 2\n■2028 Unsecured Term Loan\n■Mortgage Note\nRevolving Credit Facility Capacity",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d60a4e0-a618-43cb-bd23-48b56b9e5f5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.398,
        "x": 0.058,
        "y": 0.518
      },
      "kind": "list",
      "text": "Low Leverage:\nPF Net Debt⁴ / Annualized Adjusted EBITDAre of 4.2x",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1efe4870-cf97-4f28-981f-17af37c26b3a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.398,
        "x": 0.058,
        "y": 0.26
      },
      "kind": "list",
      "text": "Access to Debt:\nSecured new 5.5-year $250 million term loan²",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2bcc9d4f-faea-4f22-8659-b9663d7f842b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.398,
        "x": 0.058,
        "y": 0.438
      },
      "kind": "list",
      "text": "Unsecured Balance Sheet:\nAsset base is over 99% unencumbered",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "55a72427-601f-4ec7-a07e-0d65575dd091",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.398,
        "x": 0.058,
        "y": 0.34
      },
      "kind": "list",
      "text": "Well-Staggered Debt Maturity Profile:\nNo term loan maturities expected until 2027²,³",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f9a61a4-66ae-429e-ad88-5044f18fb154",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.398,
        "x": 0.058,
        "y": 0.162
      },
      "kind": "list",
      "text": "Abundant Liquidity to Support Growth:\n$564.6 million in total PF liquidity¹",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "db666d2a-e632-4a00-94e8-e8cd7dbe4f87",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.102,
        "w": 0.93,
        "x": 0.034,
        "y": 0.83
      },
      "kind": "source-note",
      "text": "Source: Company data as September 30, 2023, unless otherwise noted.\n1. Pro forma (PF) adjustment reflects 5,983,711 of unsettled common stock issued through the ATM during the third quarter were settled for cash on September 30, 2023, and includes the $100.0 million available to draw from the $250.0 million senior\nunsecured term loan that closed on July 3, 2023.\n2. 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.\n3. 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.\n4. Pro forma (PF) adjustment reflects 5,983,711 shares of unsettled common stock issued through the ATM during the third quarter were settled for cash on September 30, 2023.\n5. Net Debt plus Preferred is adjusted for forward equity.",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "07d75c1f-4f82-4e24-bb39-4de3d9ad2a68",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.018,
        "w": 0.789,
        "x": 0.084,
        "y": 0.065
      },
      "kind": "title",
      "text": "Balance Sheet Positioned for Growth Given Strong Liquidity Profile and Low Leverage Position",
      "attrs": {},
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "211541be-7dd1-4849-a300-d4664cc7821b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.035,
        "w": 0.79,
        "x": 0.084,
        "y": 0.03
      },
      "kind": "title",
      "text": "Conservative Balance Sheet with Improved Liquidity",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ccc6f436-cfca-461d-bd51-95ebd7d55132",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "2x2 matrix",
      "slug": "matrix-2x2",
      "agent": null,
      "layer": "slide",
      "matchId": "bfd2f967-f467-4d3e-9543-d99601004c8f",
      "evidence": "Although not a traditional 2x2 matrix, the slide's content could be interpreted as fitting into a 2x2 framework for evaluating balance sheet position and liquidity.",
      "confidence": 0.5
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "99dab77d-3dd2-47e9-a763-a1f53bcb5fa6",
      "evidence": "The slide features a debt maturity schedule and a chart that could be considered a type of waterfall chart for visualizing debt obligations over time.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}