{
  "docId": "019de518-1e18-71bb-ab96-1ce8f3441093",
  "docSlug": "a4c7e6672427de2e10ec34113cb8bf0a",
  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
  "authorId": "netstreit",
  "authorName": "NETSTREIT",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 34,
  "pageCount": 40,
  "prevPage": 33,
  "nextPage": 35,
  "slideType": "other",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 30,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de518-1e18-71bb-ab96-1ce8f3441093/34",
  "deckHref": "/decks/019de518-1e18-71bb-ab96-1ce8f3441093",
  "deckJsonHref": "/decks/019de518-1e18-71bb-ab96-1ce8f3441093.json",
  "deckAnchorHref": "/decks/019de518-1e18-71bb-ab96-1ce8f3441093#slide-34",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.44,
        "x": 0.509,
        "y": 0.446
      },
      "kind": "chart",
      "text": "Debt Maturity Schedule\n$600\n$500\n$400\n$300\n$200\n$100\n$0\n2023\n2024\n2025\n2026\n2027\n2028\n2029\n$400\n$250\n$200\n$8\n$175\n2024 Unsecured Term Loan\n2029 Unsecured Term Loan\nRevolving Credit Facility Capacity\n2028 Unsecured Term Loan\nMortgage Note",
      "attrs": {},
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8f50d40b-57c7-493e-9878-471621c3abe2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.29,
        "w": 0.36,
        "x": 0.09,
        "y": 0.446
      },
      "kind": "chart",
      "text": "Fixed vs. Floating Debt\nFixed, 87%\nFloating, 13%",
      "attrs": {},
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ebf05879-a0c6-4a5a-99c2-488fc0a6c73a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.89,
        "x": 0.049,
        "y": 0.81
      },
      "kind": "list",
      "text": "1. Rates presented exclude the impact of capitalized loan fee amortization.\n2. Interest rate reflects the all-in borrowing rate as of December 31, 2023. Facility fees are charged at an annual rate of 0.15% of the total facility size of $400 million, and are not included in the interest rate presented. The facility has a one year extension option. Remaining capacity reduced by $0.15 million for outstanding letters of credit.\n3. Interest rate consists of the fixed rate SOFR swap of 1.87%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. See the $175 million Term Loan - Interest Rate Schedule table for additional detail on the fixed interest rate changes through the fully extended maturity.\n4. Interest rate consists of the fixed rate SOFR swap of 2.63%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. The swap terminates of February 11, 2028.\n5. Interest rate consists of the fixed rate SOFR swap of 3.64%, plus a credit spread adjustment of 0.10% and a borrowing spread of 1.15%. The term loan matures on July 3, 2026 and includes two one-year extension options and one six-month extension option.\n6. The mortgage note was assumed as part of an asset acquisition during the third quarter of 2022.",
      "attrs": {},
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34ec4f29-af4e-4238-8928-fe8f2c3a24e4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.31,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "(unaudited, dollars in thousands)",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3c52c22e-1ab2-40fa-9d06-3a79dfbece54",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.52,
        "x": 0.035,
        "y": 0.339
      },
      "kind": "table",
      "text": "$175 million Term Loan - Interest Rate Schedule\nStart Date\nEnd Date\nApplicable Balance\nFixed Rate(1)\nNovember 27, 2023\nDecember 23, 2024\n$ 175,000\n3.12%\nDecember 23, 2024\nJanuary 15, 2027\n$ 175,000\n3.65%",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "796efe04-c62a-4a03-a8e5-a9994574dff2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.19,
        "w": 0.935,
        "x": 0.035,
        "y": 0.139
      },
      "kind": "table",
      "text": "Debt Summary\nUnsecured revolver(2)\nUnsecured term loan (3)\nUnsecured term loan(4)\nUnsecured term loan (5)\nMortgage note (6)\nTotal / Weighted Average\nAs of December 31, 2023\nFully Extended Maturity\nPrincipal Balance\nInterest Rate(1)\nRemaining Capacity\nAvailable Term (years)\nAugust 11, 2027\n$ 80,000\n6.49%\n$ 319,850\n3.6\nJanuary 15, 2027\n175,000\n3.12%\n3.0\nFebruary 11, 2028\n200,000\n3.88%\n4.1\nJanuary 3, 2029\n150,000\n4.89%\n100,000\n5.0\nNovember 01, 2027\n8,361\n4.53%\n3.8\n$ 613,361\n4.26%\n$ 419,850\n4.0",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e8298c92-e35c-41be-9823-cda5556fa991",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.65,
        "x": 0.049,
        "y": 0.04
      },
      "kind": "title",
      "text": "Debt, Capitalization, and Financial Ratios",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b2bb76f0-7809-4e5d-8c7c-9cc2bcc489b8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 35,
      "from": 28,
      "beatId": "11858ef8-fa81-46d1-a6a0-f0421dc14863",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The deck presents financial information and Non-GAAP reconciliations",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 40,
      "from": 3,
      "name": "Golden Circle",
      "slug": "11-golden-circle",
      "bestFor": "Visionary leadership, brand positioning, mission statements",
      "matchId": "c78417bf-3c00-41f9-ab53-94aa3fe93883",
      "evidence": "The deck presents NETSTREIT's vision and approach to ESG",
      "position": 1,
      "objective": "Why does NETSTREIT's strategy matter?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
      "confidence": 0.6,
      "description": "Invert the typical pitch by starting with why you exist, rather than what you do"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}