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  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
  "authorId": "netstreit",
  "authorName": "NETSTREIT",
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  "presentationDate": "2024-02-01 00:00:00",
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  "pageNumber": 31,
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      "kind": "paragraph",
      "text": "(unaudited, dollars in thousands)",
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      "text": "1. Adjustment reflects the estimated cash yield on developments in process as of December 31, 2023.\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 December 31, 2023 and 2022 had occurred on\nOctober 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 December 31, 2023 available net settlement price of $16.48.\n5. Reflects 11,040,000 of unsettled forward equity shares from the January 2024 offering.",
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      "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\nAmortization of loan origination costs\nEBITDA\nAdjustments:\nProvisions for impairment\nGain on sales of real estate, net\nEBITDAre\nAdjustments:\nStraight-line rent adjustments\nNon-recurring executive transition costs, severance and related charges\nGain on insurance proceeds\nNon-cash compensation expense\nAdjustment for construction in process (1)\nAdjustment for intraquarter investment activities (2)\nAdjusted EBITDAre\nAnnualized Adjusted EBITDAre (3)\nNet Debt\nPrincipal amount of total debt\nLess: Cash, cash equivalents and restricted cash\nNet Debt\nLess: Net value of unsettled forward equity from 2023 ATM issuance (4)\nAdjusted Net Debt\nLess: Net value of unsettled forward equity from January 2024 offering (5)\nProforma Adjusted Net Debt\nLeverage\nNet debt / Annualized Adjusted EBITDAre\nAdjusted Net Debt / Annualized Adjusted EBITDAre\nProforma Adjusted Net Debt / Annualized Adjusted EBITDAre",
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      "kind": "title",
      "text": "EBITDAre and Adjusted EBITDAre",
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      "evidence": "The deck presents NETSTREIT's vision and approach to ESG",
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      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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