{
  "docId": "019de517-a68b-7445-890a-5d4593f7e34b",
  "docSlug": "59fc747b438d67cbcffaa93b7dfdfecd",
  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
  "authorId": "netstreit",
  "authorName": "Netstreit",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 11,
  "pageCount": 40,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "other",
  "function": "present_framework",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-a68b-7445-890a-5d4593f7e34b/11",
  "deckHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b",
  "deckJsonHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b.json",
  "deckAnchorHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.07,
        "w": 0.05,
        "x": 0.19,
        "y": 0.15
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "icon-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "49f52117-5067-42e2-903e-cf8a5bf91b51",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.05,
        "x": 0.453,
        "y": 0.15
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "icon-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7e748ba4-996f-4acd-90e2-c26ac047ff71",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.05,
        "x": 0.716,
        "y": 0.15
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "icon-grid",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8ef1969b-2013-4293-a5f8-a2ece06391b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.04,
        "x": 0.024,
        "y": 0.03
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2881f911-e53c-4095-8be3-26792a73bede",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.04,
        "x": 0.927,
        "y": 0.03
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4abdecf1-920b-459d-89a8-c0f9b5dd71fe",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.11,
        "x": 0.024,
        "y": 0.94
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dafc0f8c-caf2-4766-a42c-b47377f7e8f3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.219,
        "x": 0.616,
        "y": 0.32
      },
      "kind": "list",
      "text": "Determine whether property meets investment criteria",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03918c21-a2e3-4458-a861-0a9010c25b76",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.079,
        "w": 0.219,
        "x": 0.353,
        "y": 0.614
      },
      "kind": "list",
      "text": "Account for variability in business model cost structure\nHigher proportion of fixed costs = more variability in rent coverage",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "08884f0a-4438-4a2a-acf4-bf51fb618605",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.219,
        "x": 0.702,
        "y": 0.637
      },
      "kind": "list",
      "text": "Higher Cost Variability",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "16547840-aeb2-4f30-bccc-ecd8ba780d52",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.219,
        "x": 0.09,
        "y": 0.418
      },
      "kind": "list",
      "text": "Obtain unit-level financial information from parent company if possible",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3232ee2c-e6ac-472f-addf-c1d2e90e8335",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.059,
        "w": 0.219,
        "x": 0.09,
        "y": 0.516
      },
      "kind": "list",
      "text": "If financials are not provided, utilize data provided by third party vendors to estimate sales by location",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "542846dc-dc31-4e79-8a91-81c52e871ce7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.059,
        "w": 0.219,
        "x": 0.353,
        "y": 0.32
      },
      "kind": "list",
      "text": "Analyze store demand dynamics, cost structure and liquidity profile",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90a47dd9-4fb3-4646-909a-ddcde284cbf3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.209,
        "x": 0.09,
        "y": 0.32
      },
      "kind": "list",
      "text": "Provides clarity into location-specific performance",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0c5875c-cede-40de-9179-e9e2da6f1ad4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.138,
        "w": 0.219,
        "x": 0.353,
        "y": 0.418
      },
      "kind": "list",
      "text": "Triangulate P&L based on available information\nFoot traffic\nSales\nEBITDAR margin\nRent",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bcffa563-4431-4b82-ba32-6638c890c2b3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.079,
        "w": 0.219,
        "x": 0.09,
        "y": 0.614
      },
      "kind": "list",
      "text": "Third party data includes:\nCell phone traffic\nPoint of sales (POS) data",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "caa04112-8c26-4bbd-aeaa-9fbf5648ba5d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.219,
        "x": 0.702,
        "y": 0.479
      },
      "kind": "list",
      "text": "Minimum 2.0x Rent Coverage",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e2e898e1-d646-4147-8cb7-a54ad70a3501",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.059,
        "w": 0.219,
        "x": 0.353,
        "y": 0.752
      },
      "kind": "list",
      "text": "Determine store ranking within tenant's broader operating portfolio based on estimated sales",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e9e07ed5-93f1-4414-9a06-faa185a9d3af",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.219,
        "x": 0.702,
        "y": 0.775
      },
      "kind": "list",
      "text": "Ranks in Top Half of Tenant's Store Portfolio",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f4031f20-7cdf-4419-b9e3-eec5764f9bfd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.23,
        "x": 0.078,
        "y": 0.26
      },
      "kind": "other",
      "text": "1 Obtain Financial Info",
      "attrs": {},
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02059bd1-297d-4e3a-9ec1-e4a34ac4af55",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.219,
        "x": 0.616,
        "y": 0.38
      },
      "kind": "other",
      "text": "Key Unit-Level Investment Criteria",
      "attrs": {},
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "84283e20-d701-4927-8b33-c19d76408889",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.23,
        "x": 0.341,
        "y": 0.26
      },
      "kind": "other",
      "text": "2 Perform Financial Analysis",
      "attrs": {},
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b4adc298-f1f0-4d98-906b-5b193eb44062",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.23,
        "x": 0.604,
        "y": 0.26
      },
      "kind": "other",
      "text": "3 Assess Investment Merits",
      "attrs": {},
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bd94c51f-236d-4310-ad06-3a09f090eab0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.01,
        "x": 0.953,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "11",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a9dac241-e5ed-4dbc-b5c0-082b97bd9476",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.84,
        "x": 0.078,
        "y": 0.07
      },
      "kind": "title",
      "text": "Assess Unit-Level Financial Performance to Focus on Properties with Strong Rent Coverage and Higher Variability in Operating Costs",
      "attrs": {},
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3fbc914-53e6-477e-bd8d-9a98d7d91198",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.36,
        "x": 0.078,
        "y": 0.039
      },
      "kind": "title",
      "text": "Unit-Level Profitability",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7697f86c-03cb-4a2e-8523-eb31e5f5c807",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}