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  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
  "authorId": "netstreit",
  "authorName": "Netstreit",
  "documentKindSlug": "pitchdeck",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-11-01 00:00:00",
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  "pageNumber": 9,
  "pageCount": 40,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "unfair_advantage",
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  "nDataPoints": 5,
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      "kind": "source-note",
      "text": "Source: Company data as of September 30, 2023.",
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      },
      "kind": "table",
      "text": "Investment Grade (rated) Validated financial strength and stability Professional management with standardized operational practices Focus on corporate guarantee credit Lower relative yields Higher competition for deals Investment Grade Profile (unrated) IG-caliber balance sheets without explicit rating Threshold metrics: At least $1B in sales Debt / adjusted EBITDA of less than 2.0x Sub-IG (rated) & Sub-IG Profile (unrated) Well-capitalized retailers National footprint with strong brand equity Focus on real estate quality / unit-level profitability Higher relative yields Lower competition for deals Durability Defensive, consistent performance through economic cycles Coverage and credit enhancements required given more susceptible to market disruptions % Of ABR 68.6% 83.3% IG and IG Profile 14.6% 16.7% Lease Terms (WALT, Rent Bumps, etc.) Less negotiating leverage More negotiating leverage Most negotiating leverage Representative Tenants Walgreens 7-ELEVEN Kroger TJX Firestone Walmart OLLIE'S Bargain OUTLET LOWE'S Publix Chick-fil-A HOBBY LOBBY TARGET WHOLE FOODS Advance Auto Parts gerber REI KFC DaVita Wendy's Jack's Caribou Coffee Winn Dixie Bojangles Burlington",
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      "kind": "title",
      "text": "Credit-Focused Underwriting Approach Drives Stable Revenue and Long-Term Return on Investment",
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      "subkind": "action-title",
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      "kind": "title",
      "text": "Strong Tenant Credit Underwriting",
      "attrs": null,
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      "componentId": "df444d53-28d9-4fd8-964f-0863f6f02f2d",
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      "beatId": "d878c619-36ac-4b2b-9f48-b836c99a3dfb",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The deck outlines NETSTREIT's acquisition strategy and underwriting process",
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      "confidence": 0.8,
      "parentBeatName": "Turn",
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  "loops": [
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      "from": 7,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "bec0d12e-c895-4d2f-98af-2fa638c60405",
      "evidence": "The deck presents a comparison of NETSTREIT's investment approach to peers",
      "position": 0,
      "objective": "Highlight the benefits of NETSTREIT's acquisition strategy",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
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