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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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      "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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      "kind": "title",
      "text": "Strong Tenant Credit Underwriting",
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  "loops": [
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The Acquisition Strategy and Stringent Three-Part Underwriting Process slides imply the potential cost of inaction.",
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      "objective": "What is the cost of not investing in inefficiently priced assets?",
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