OUR ESG APPROACH

Environmental, Social, and Governance Issues Matter

OUR ESG APPROACH

We are committed to integrating environmental, social, and governance (ESG) into our strategy and processes, providing clear, straightforward disclosures, and fulfilling our obligations as corporate citizens.

As we grow, we will leverage this commitment to deepen our ESG approach, using ESG frameworks to identify material risks and opportunities, analyzing data to refine our strategy, policies, and practices, and providing transparency to our investors and stakeholders.

CORPORATE HEADQUARTERS

Operating at the
Highest Level

Our new corporate headquarters in Dallas, TX was selected with social and environmental considerations, such as green building certification, access to transportation, and the walkability of the surrounding community, in mind. The building is operated at the highest level of efficiency and sustainability, obtaining a LEED v4 O+M: EB Gold certification, meaning it meets both LEED criteria as well as strict EPA guidelines to achieve an Energy Star rating.

Our Tenants' Sustainability Commitments

18 of our top 20 tenants have ESG commitments, representing 89.2% of our top 20 tenants by Annual Base Rent. Click on a company below to view its environmental, social, and governance initiatives.

1 CVS
2 Walgreens
3 Dollar General
4 7-Eleven
5 Advance Auto Parts
6 Sam's/Walmart
7 Lowe's
8 Dollar Tree/Family Dollar
9 Best Buy

These tenants represent

65.9%

of our Total Portfolio Annual Base Rent.

10 Ahold Delhaize
11 Festival Foods
12 Floor & Decor
13 Big Lots
14 Winn Dixie
15 Home Depot
16 Harbor Freight
17 Dick's Sporting Goods
18 Tractor Supply

Figures represent portfolio as of 12/31/2022

ENVIRONMENTAL

Most of our properties operate under a "triple-net" lease structure, which means our tenants have operational control of the property, including environmental management programs, such as those that conserve resources.

As part of evaluating a potential acquisition, we incorporate information about a tenant’s commitment to ESG into our investment committee memorandum and take into consideration environmental and climate risks that might subject us to financial liabilities or regulatory actions. We are committed to identifying sustainable practices that are financially responsible and operationally feasible when working with our tenants or managing capital improvement projects.

Tenant Initiatives
and Impacts

We are committed to identifying sustainable practices that are financially responsible and operationally feasible when working with our tenants or managing capital improvement projects. Our top tenants have corporate sustainability programs that govern their business operations and help them become stewards of reducing resource consumption by eliminating wasteful practices and implementing feasible and practical conservation policies at their retail locations.