NETSTREIT Management

Management criteria checks 2/4

NETSTREIT's CEO is Mark Manheimer, appointed in Oct 2019, has a tenure of 5.08 years. total yearly compensation is $4.08M, comprised of 17.2% salary and 82.8% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth €3.45M. The average tenure of the management team and the board of directors is 4.7 years and 4.9 years respectively.

Key information

Mark Manheimer

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage	17.2%
CEO tenure	5.1yrs
CEO ownership	0.3%
Management average tenure	4.7yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Manheimer's remuneration changed compared to NETSTREIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$5m
Jun 30 2024	n/a	n/a	US$5m
Mar 31 2024	n/a	n/a	US$6m
Dec 31 2023	US$4m	US$700k	US$7m
Sep 30 2023	n/a	n/a	US$8m
Jun 30 2023	n/a	n/a	US$5m
Mar 31 2023	n/a	n/a	US$8m
Dec 31 2022	US$4m	US$600k	US$8m
Sep 30 2022	n/a	n/a	US$7m
Jun 30 2022	n/a	n/a	US$9m
Mar 31 2022	n/a	n/a	US$4m
Dec 31 2021	US$4m	US$600k	US$3m
Sep 30 2021	n/a	n/a	US$5m
Jun 30 2021	n/a	n/a	US$280k
Mar 31 2021	n/a	n/a	US$3m
Dec 31 2020	US$2m	US$550k	US$688k
Sep 30 2020	n/a	n/a	US$1m
Jun 30 2020	n/a	n/a	US$411k
Mar 31 2020	n/a	n/a	US$2m
Dec 31 2019	US$3m	US$16k	US$28k

Compensation vs Market: Mark's total compensation ($USD4.08M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.

CEO

Mark Manheimer (48 yo)

5.1yrs

Tenure

US$4,078,215

Compensation

Mr. Mark L. Manheimer serves as President, Chief Executive Officer and Director at Netstreit Corporation since October 2019. He serves as Secretary at Netstreit Corporation. From 2012 through 2016, Mr. Man...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Manheimer	President	5.1yrs	US$4.08m	0.28% € 3.5m
Daniel Donlan	CFO, Interim Principal Accounting Officer & Treasurer	1.6yrs	US$1.60m	0.013% € 167.2k
Amy An	Senior Associate of Investor Relations	no data	no data	no data
Jeff Fuge	Senior Vice President of Acquisitions	4.9yrs	no data	no data
Chad Shafer	Senior Vice President of Real Estate & Underwriting	4.5yrs	no data	no data

4.7yrs

Average Tenure

48yo

Average Age

Experienced Management: 64N's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Manheimer	President	5.1yrs	US$4.08m	0.28% € 3.5m
Michael Christodolou	Independent Director	4.3yrs	US$168.79k	0.027% € 335.3k
Matthew Troxell	Lead Independent Director	4.9yrs	US$185.00k	0.039% € 484.5k
Todd Minnis	Independent Director	5.1yrs	US$178.79k	0.013% € 158.8k
Lori Wittman	Independent Chairman	4.9yrs	US$1.07m	0.022% € 270.9k
Robin Zeigler	Independent Director	4.3yrs	US$177.50k	0.016% € 201.5k
Heidi Everett	Independent Director	4.3yrs	US$165.00k	0.016% € 197.2k

4.9yrs

Average Tenure

54yo

Average Age

Experienced Board: 64N's board of directors are considered experienced (4.9 years average tenure).

NETSTREIT Management

Management criteria checks 2/4

Key information

Recent management updates

NETSTREIT Corp. Announces Board Governance Changes

NETSTREIT Corp., Annual General Meeting, May 16, 2024

Insufficient new directors

High number of new directors

Netstreit Corp. Announces Resignation of Andrew Blocher as Chief Financial Officer

High number of new and inexperienced directors

Recent updates

Third quarter dividend of US$0.21 announced

Third quarter 2024 earnings released: FFO per share: US$0.3 (vs US$0.35 in 3Q 2023)

NETSTREIT Corp. Announces Board Governance Changes

NETSTREIT Corp. to Report Q3, 2024 Results on Nov 04, 2024

Upcoming dividend of US$0.21 per share

NETSTREIT Corp. has filed a Follow-on Equity Offering in the amount of $300 million.

Second quarter dividend of US$0.21 announced

NETSTREIT Corp. Declares Quarterly Cash Dividend for the Third Quarter of 2024, Payable on September 13, 2024

Second quarter 2024 earnings released: US$0.031 loss per share (vs US$0.013 loss in 2Q 2023)

NETSTREIT Corp. to Report Q2, 2024 Results on Jul 29, 2024

Upcoming dividend of US$0.20 per share

First quarter dividend of US$0.20 announced

NETSTREIT Corp. Declares Cash Dividend for the Second Quarter of 2024, Payable on June 14, 2024

First quarter 2024 earnings released: EPS: US$0.014 (vs US$0.025 in 1Q 2023)

NETSTREIT Corp. to Report Q1, 2024 Results on Apr 29, 2024

NETSTREIT Corp., Annual General Meeting, May 16, 2024

Upcoming dividend of US$0.20 per share

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings released: FFO per share: US$1.2 (vs US$1.10 in FY 2022)

NETSTREIT Corp. Declares Quarterly Cash Dividend for the First Quarter of 2024, Payable on March 28, 2024

NETSTREIT Corp. to Report Q4, 2023 Results on Feb 14, 2024

NETSTREIT Corp. has completed a Follow-on Equity Offering in the amount of $172.8 million.

NETSTREIT Corp. has completed a Follow-on Equity Offering in the amount of $172.8 million.

Upcoming dividend of US$0.20 per share at 5.3% yield

Third quarter 2023 earnings released: EPS: US$0.063 (vs US$0.028 in 3Q 2022)

NETSTREIT Corp. Declares Cash Dividend for the Fourth Quarter of 2023. Payable on December 15, 2023

NETSTREIT Corp. to Report Q3, 2023 Results on Oct 25, 2023

Insufficient new directors

Upcoming dividend of US$0.20 per share at 4.8% yield

NETSTREIT Corp. Declares A Quarterly Cash Dividend for the Third Quarter of 2023, Payable on September 15, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: US$0.013 loss per share (vs US$0.041 profit in 2Q 2022)

NETSTREIT Corp. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.20 per share at 4.4% yield

First quarter 2023 earnings released: FFO per share: US$0.3 (vs US$0.31 in 1Q 2022)

Upcoming dividend of US$0.20 per share at 3.9% yield

Full year 2022 earnings released: FFO per share: US$1.1 (vs US$0.92 in FY 2021)

NETSTREIT Corp. to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.20 per share

High number of new directors

Netstreit Corp. Announces Resignation of Andrew Blocher as Chief Financial Officer

Third quarter 2022 earnings released: EPS: US$0.028 (vs US$0.072 in 3Q 2021)

NETSTREIT Corp. Declares Quarterly Cash Dividend for the Fourth Quarter of 2022, Payable on December 15, 2022

NETSTREIT Corp. to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.20 per share

NETSTREIT Corp. has completed a Follow-on Equity Offering in the amount of $181.8 million.

Second quarter 2022 earnings released: FFO: US$22.6m per share (vs US$0.26 in 2Q 2021)

NETSTREIT Corp. Declares Quarterly Cash Dividend, Payable on September 15, 2022

NETSTREIT Corp. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.20 per share

First quarter 2022 earnings released: FFO: US$21.3m per share (vs US$0.31 in 1Q 2021)

High number of new and inexperienced directors

NETSTREIT Corp., Annual General Meeting, May 19, 2022

NETSTREIT Corp. to Report Q1, 2022 Results on Apr 28, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

NETSTREIT Corp. Declares Cash Dividend for the First Quarter of 2022, Payable on March 30, 2022

High number of new and inexperienced directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age