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  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
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  "presentationDate": "2023-12-01 00:00:00",
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      "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 $15.58 per share.",
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      "text": "Enterprise Value\nPrincipal amount of total debt\nEquity market capitalization (2)\nTotal enterprise value\nAs of September 30, 2023\n$ 575,399\n1,077,966\n$ 1,653,364\n% of Total\n34.8%\n65.2%\n100.0%",
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      "text": "Equity\nCommon shares (2)\nOP units (2)\nTotal\nEnding Shares/ Units\nas of September 30, 2023\n68,701,223\n487,841\n69,189,064\nEquity Market\nCapitalization\n$ 1,070,365\n7,601\n$ 1,077,966\n% of Total\n99.3%\n0.7%\n100.0%",
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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": "Liquidity\nUnused unsecured revolver capacity\nCash, cash equivalents and restricted cash\nValue of outstanding forward equity (1)\nTotal Liquidity\nUndrawn term loan balance\nTotal Proforma Liquidity\nAs of September 30, 2023\n$ 358,000\n7,934\n98,671\n$ 464,605\n100,000\n$ 564,605",
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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": "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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