NetSTREIT(US:NTST)2025-07-24 15:00Portfolio Highlights - The company boasts a high-quality, resilient net lease portfolio, with 69% of tenants being Investment Grade (IG) or Investment Grade Profile (IGP)[9] - The portfolio maintains a high occupancy rate of 999%[9] - The weighted average lease term (WALT) is 98 years[9] - A significant 88% of tenants are in necessity, discount, and service-oriented sectors[9] Financial Performance - The company's adjusted net debt to annualized adjusted EBITDAre is 46x[9] - Total liquidity stands at $594 million[9] - Adjusted net debt to undepreciated gross assets is 28%[9] - $1171 million of gross investments were completed in 2Q'25[9] Investment Strategy - The weighted average cash yield since 3Q'20 is 70%, with a year-to-date cash yield of 77%[9] - The company focuses on defensive tenancy in necessity-based and e-commerce-resistant retail industries, with 880% of the portfolio in these sectors[27] - The average asset size is $35 million[27] Credit Loss Experience - Since the initial equity raise in 4Q'19, the company has experienced minimal credit loss, with only $404K in lost ABR, representing 4bps of annualized credit loss[13]