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  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
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  "authorName": "Netstreit",
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  "presentationDate": "2023-11-01 00:00:00",
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      "kind": "paragraph",
      "text": "(unaudited, dollars in thousands)",
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      "text": "1. Reflects 5,983,711 of unsettled forward equity shares under the ATM program at the September 30, 2023 available net settlement price of $16.49.\n2. Total proforma liquidity includes the $100.0 million remaining undrawn balance on the $250.0 million senior unsecured term loan.\n2. Value is based on the September 30, 2023 closing share price of $15.58 per share.",
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      "text": "Key Debt Covenant Information\nRequired\nActual\nConsolidated total leverage ratio\n≤ 60.0%\n30.1%\nFixed charge coverage ratio\n≥ 1.50x\n5.01x\nMaximum secured indebtedness\n≤ 40.0%\n0.4%\nMaximum recourse indebtedness\n≤ 10.0%\n—%\nUnencumbered leverage ratio\n≤ 60.0%\n33.4%\nUnencumbered interest coverage ratio\n≥ 1.75x\n5.63x",
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      "text": "Enterprise Value\nAs of September 30, 2023\n% of Total\nPrincipal amount of total debt\n$ 575,399\n34.8%\nEquity market capitalization (2)\n1,077,966\n65.2%\nTotal enterprise value\n$ 1,653,364\n100.0%",
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      "text": "Liquidity\nAs of September 30, 2023\nUnused unsecured revolver capacity\n$ 358,000\nCash, cash equivalents and restricted cash\n7,934\nValue of outstanding forward equity (1)\n98,671\nTotal Liquidity\n$ 464,605\nUndrawn term loan balance\n100,000\nTotal Proforma Liquidity\n$ 564,605",
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      "text": "Equity\nEnding Shares/ Units\nEquity Market\nas of September 30, 2023\nCapitalization\n% of Total\nCommon shares (2)\n68,701,223\n$ 1,070,365\n99.3%\nOP units (2)\n487,841\n7,601\n0.7%\nTotal\n69,189,064\n$ 1,077,966\n100.0%",
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      "text": "Net debt / Annualized Adjusted EBITDAre\nNet debt adjusted for outstanding forward equity / Annualized\nAdjusted EBITDAre\n5.1x\n4.2x",
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      "text": "Net Debt\nPrincipal amount of total debt\nLess: Cash, cash equivalents and restricted cash\nNet debt\nLess: Value of outstanding forward equity (1)\nNet debt adjusted for outstanding forward equity\nSeptember 30, 2023\n$ 575,399\n(7,934)\n$ 567,465\n(98,671)\n$ 468,794",
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      "text": "Debt, Capitalization, and Financial Ratios (cont'd)",
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