NETSTREIT Management

Management criteria checks 4/4

NETSTREIT's CEO is Mark Manheimer, appointed in Oct 2019, has a tenure of 4.67 years. total yearly compensation is $4.08M, comprised of 17.2% salary and 82.8% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $3.79M. The average tenure of the management team and the board of directors is 4.1 years and 4.5 years respectively.

Key information

Mark Manheimer

Chief executive officer

US$4.1m

Total compensation

CEO salary percentage	17.2%
CEO tenure	4.7yrs
CEO ownership	0.3%
Management average tenure	4.1yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

Netstreit Q3 Earnings Preview: Shares Attractive On Consistent Portfolio Strength (Ratings Upgrade)

Oct 24

Netstreit: Attractive Dividend, But Share Dilution May Limit Its Growth

Sep 29

Netstreit: First Dividend Increase Attracts Attention, Shares Fairly Valued

Aug 30

Netstreit: Looking Attractive After Solid Q2 Results (Rating Upgrade)

Aug 11

Netstreit: Now Is The Time To Buy

Jul 17

STORE Capital: Netstreit Could Be A Great Replacement

Dec 28

Netstreit: Running Out Of Patience

Dec 17

Netstreit: At 100% Occupancy Levels, It's Too Dependent On External Growth

Oct 31

Netstreit: Still Waiting For Dividend Growth

Aug 23

Netstreit: Avoid The 3 Ts By Owning The 3 Qs

Aug 17

NETSTREIT announces public stock offering

Aug 03

NETSTREIT FFO of $0.28 beats by $0.01, revenue of $22.63M beats by $0.4M

Jul 28

Netstreit: 100% Occupancy And A Quality Tenant Mix

Jun 28

Netstreit: This Small REIT Has A Lot Of Potential And We Like Its Defensive Strategy

May 28

Netstreit: A Compelling Buy For Long Term Investors

Apr 09

Results: NETSTREIT Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 28

CEO Compensation Analysis

How has Mark Manheimer's remuneration changed compared to NETSTREIT's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD4.08M) is about average for companies of similar size in the US market ($USD5.66M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Manheimer (48 yo)

4.7yrs

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	4.7yrs	US$4.08m	0.30% $ 3.8m
Daniel Donlan	CFO & Treasurer	1.2yrs	US$1.60m	0.013% $ 166.0k
Trish Patricia McBratney-Gibbs	Senior VP & Chief Accounting Officer	4.1yrs	no data	0.017% $ 217.3k
Amy An	Senior Associate of Investor Relations	no data	no data	no data
Jeff Fuge	Senior Vice President of Acquisitions	4.5yrs	no data	no data
Chad Shafer	Senior Vice President of Credit & Underwriting	4.1yrs	no data	no data

4.1yrs

Average Tenure

48yo

Average Age

Experienced Management: NTST's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Manheimer	President	4.7yrs	US$4.08m	0.30% $ 3.8m
Michael Christodolou	Independent Director	3.8yrs	US$168.79k	0.030% $ 374.1k
Matthew Troxell	Lead Independent Director	4.5yrs	US$185.00k	0.043% $ 540.6k
Todd Minnis	Independent Chairman of the Board	4.7yrs	US$178.79k	0.014% $ 177.1k
Lori Wittman	Independent Director	4.5yrs	US$1.07m	0.024% $ 302.3k
Robin Zeigler	Independent Director	3.9yrs	US$177.50k	0.018% $ 224.9k
Heidi Everett	Independent Director	3.8yrs	US$165.00k	0.018% $ 219.9k

4.5yrs

Average Tenure

53yo

Average Age

Experienced Board: NTST's board of directors are considered experienced (4.5 years average tenure).

NETSTREIT Management

Management criteria checks 4/4

Key information

Recent management updates

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

President exercised options and sold US$199k worth of stock

President exercised options and sold US$330k worth of stock

President exercised options and sold US$207k worth of stock

Insufficient new directors

President exercised options and sold US$167k worth of stock

Recent updates

Netstreit: Still A REIT With A Significant, Double-Digit Upside

Upcoming dividend of US$0.20 per share

Consensus EPS estimates fall by 26%

First quarter dividend of US$0.20 announced

NETSTREIT's Q1 Earnings: Salient Features Assessed

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

First quarter 2024 earnings: EPS misses analyst expectations

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

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

President exercised options and sold US$199k worth of stock

Consensus EPS estimates increase by 17%

Upcoming dividend of US$0.20 per share

President exercised options and sold US$330k worth of stock

Fourth quarter dividend of US$0.20 announced

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

NETSTREIT Is Still Buyable, Even Beyond Trough

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 filed a Follow-on Equity Offering in the amount of $146.32 million.

Netstreit: 3 Reasons To Buy This REIT As Real Estate Rebounds

President exercised options and sold US$207k worth of stock

The Reasons We Prefer Netstreit Over Realty Income

Consensus EPS estimates increase by 57%

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

New major risk - Financial position

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

Netstreit Q3 Earnings Preview: Shares Attractive On Consistent Portfolio Strength (Ratings Upgrade)

Price target decreased by 8.2% to US$19.09

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

Netstreit: Attractive Dividend, But Share Dilution May Limit Its Growth

Insufficient new directors

Netstreit: First Dividend Increase Attracts Attention, Shares Fairly Valued

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

Consensus EPS estimates fall by 63%

Netstreit: Looking Attractive After Solid Q2 Results (Rating Upgrade)

Consensus EPS estimates fall by 53%

New minor risk - Profit margin trend

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Netstreit: Now Is The Time To Buy

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: EPS and revenues exceed analyst expectations

Consensus EPS estimates fall by 33%

President exercised options and sold US$167k worth of stock

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

President exercised options and sold US$109k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

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

President exercised options and sold US$230k worth of stock

STORE Capital: Netstreit Could Be A Great Replacement

Netstreit: Running Out Of Patience

Upcoming dividend of US$0.20 per share

Consensus forecasts updated

High number of new directors

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

Netstreit: At 100% Occupancy Levels, It's Too Dependent On External Growth

Third quarter 2022 earnings: EPS misses analyst expectations

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: Still Waiting For Dividend Growth

President exercised options and sold US$51k worth of stock

Netstreit: Avoid The 3 Ts By Owning The 3 Qs

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

Consensus forecasts updated

NETSTREIT announces public stock offering

Second quarter 2022 earnings: EPS misses analyst expectations