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  "documentTitle": "Netstreit | Investor Presentation Deck | 40 slides",
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  "authorName": "NETSTREIT",
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  "presentationDate": "2024-02-01 00:00:00",
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      "text": "NETSTREIT",
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      "kind": "paragraph",
      "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 December 31, 2023 available net settlement price of $16.48.\n2. Reflects 11,040,000 of unsettled forward equity shares from the January 2024 offering.\n2. Value is based on the December 31, 2023 closing share price of $17.85 per share.",
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      "kind": "table",
      "text": "Net debt / Annualized Adjusted EBITDAre\nAdjusted Net Debt / Annualized Adjusted EBITDAre\nProforma Adjusted Net Debt / Annualized Adjusted EBITDAre\n5.0 x\n4.1 x\n2.5 x",
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      "text": "Enterprise Value\nPrincipal amount of total debt\nEquity market capitalization(3)\nTotal enterprise value\nAs of December 31, 2023\n$ 613,361\n1,315,302\n$ 1.928.662\n% of Total\n31.8%\n68.2%\n100.0%",
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      "kind": "table",
      "text": "Net 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 (1)\nAdjusted Net Debt\nLess: Net value of unsettled forward equity from January 2024 offering (2)\nProforma Adjusted Net Debt\nDecember 31, 2023\n$ 613,361\n(29,929)\n$ 583,432\n(98,594)\n$ 484,838\n(190,771)\n$ 294,067",
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      "kind": "table",
      "text": "Key Debt Covenant Information\nConsolidated total leverage ratio\nFixed charge coverage ratio\nMaximum secured indebtedness\nMaximum recourse indebtedness\nUnencumbered leverage ratio\nUnencumbered interest coverage ratio\nRequired\n≤ 60.0%\n≥ 1.50x\n≤ 40.0%\n≤ 10.0%\n≤ 60.0%\n≥ 1.75x\nActual\n30.5%\n4.8x\n0.4%\n— %\n33.3%\n5.3x",
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      "text": "Equity\nCommon shares (3)\nOP units (3)\nTotal\nEnding Shares/ Units\nas of December 31, 2023\n73,207,080\n479,298\n73,686,378\nEquity Market Capitalization\n$ 1,306,746\n8,555\n$ 1,315.302\n% of Total\n99.3%\n0.7%\n100.0%",
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      "text": "Liquidity\nUnused unsecured revolver capacity\nCash, cash equivalents and restricted cash\nNet value of unsettled forward equity from 2023 ATM issuance (1)\nUndrawn term loan balance\nTotal Liquidity\nNet value of unsettled forward equity from January 2024 offering (2)\nTotal Proforma Liquidity\nAs of December 31, 2023\n$ 319,850\n29,929\n98,594\n100,000\n$ 548,373\n190,771\n$ 739,144",
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      "kind": "title",
      "text": "Debt, Capitalization, and Financial Ratios (cont'd)",
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