{
  "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": 31,
  "pageCount": 40,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "appendix_data",
  "function": "appendix",
  "density": "overcrowded",
  "nDataPoints": 30,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-a68b-7445-890a-5d4593f7e34b/31",
  "deckHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b",
  "deckJsonHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b.json",
  "deckAnchorHref": "/decks/019de517-a68b-7445-890a-5d4593f7e34b#slide-31",
  "components": [
    {
      "bbox": {
        "h": 0.025,
        "w": 0.12,
        "x": 0.02,
        "y": 0.95
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9529ba12-0dba-4c54-ad4d-7242fcc9b959",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.827,
        "x": 0.076,
        "y": 0.849
      },
      "kind": "list",
      "text": "1. Adjustment reflects the estimated cash yield on developments in process balances as of period end.\n2. The adjustment assumes all re-leasing activity, investments in and dispositions of real estate, including developments and interest earning loan activity completed during the three months ended September 30, 2023 and 2022 had occurred on July 1, 2023 and 2022, respectively.\n3. We calculate Annualized Adjusted EBITDAre by multiplying Adjusted EBITDAre by four.\n4. 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.",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e32ddf9-892a-4e3f-a19f-b850b5fb7a1d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.702,
        "x": 0.076,
        "y": 0.706
      },
      "kind": "table",
      "text": "Principal amount of total debt\nLess: Cash, cash equivalents and restricted cash\nNet Debt\nValue of outstanding forward equity (4)\nNet Debt Adjusted for Outstanding Forward Equity",
      "attrs": {
        "header_rows": 1,
        "first_column_header": false
      },
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6cd68be5-1a27-4baa-90f1-82730d68de2e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.503,
        "w": 0.877,
        "x": 0.076,
        "y": 0.129
      },
      "kind": "table",
      "text": "GAAP Reconciliation:\nNet income\nDepreciation and amortization of real estate\nAmortization of lease-related intangibles\nNon-real estate depreciation and amortization\nInterest expense, net\nIncome tax expense (benefit)\nAmortization of loan origination costs\nEBITDA\nProvision for impairments\nGain on sales of real estate, net\nEBITDAre\nStraight-line rent adjustments\nNon-recurring executive transition costs, severance and related charges\nGain on insurance proceeds\nNon-cash compensation expense\nLease termination fees\nAdjustment for construction in process (1)\nAdjustment for intraquarter investment activities (2)\nAdjusted EBITDAre\nAnnualized Adjusted EBITDAre (3)\nNet Debt Adjusted for Outstanding Forward Equity / Annualized Adjusted EBITDAre",
      "attrs": {
        "header_rows": 2,
        "first_column_header": false
      },
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "70c43550-9194-43c2-a3d0-320ffa11b0f0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.047,
        "w": 0.499,
        "x": 0.076,
        "y": 0.03
      },
      "kind": "title",
      "text": "EBITDAre and Adjusted EBITDAre",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "94bf7d37-b794-485e-a287-fa766b520c20",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.36,
        "x": 0.076,
        "y": 0.077
      },
      "kind": "title",
      "text": "(unaudited, dollars in thousands)",
      "attrs": {},
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a350a56-3777-491b-9594-4a6a0a93f010",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "fbaa0824-82ee-4d5d-b1ed-731e5ffab6e0",
      "evidence": "table/data: GAAP Reconciliation: Net income Depreciation and amortization of real estate Amortization of lease-related intangibles Non-real estate depreciation and amortization Interest expense, net Income tax expense (b",
      "confidence": 0.9
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "8bc89f82-bbc4-41f8-9e0d-dc1155b0df6c",
      "evidence": "table/data: Principal amount of total debt Less: Cash, cash equivalents and restricted cash Net Debt Value of outstanding forward equity (4) Net Debt Adjusted for Outstanding Forward Equity",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 35,
      "from": 28,
      "beatId": "28d58790-0355-4185-89b9-095611e9040a",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "Financial Information and Non-GAAP Reconciliations slides provide financial data.",
      "position": 3,
      "confidence": 0.7,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}