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.
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.
17 of our top 20 tenants have ESG commitments, representing 87% of our top 20 tenants by Annual Base Rent. Click on a company below to view its environmental, social, and governance initiatives.
These tenants represents
of our Total Portfolio Annual Base Rent.
Elements of the new headquarters, such as building automation systems, lighting controls, green cleaning, and recycling programs, significantly decrease natural resource use by conserving energy and water, minimizing waste, and reducing CO2 emissions. The building management has also partnered with an urban beekeeping company to address declining bee populations and create ecological awareness of bees. Beehives visible from conference room windows are managed by a beekeeping team that provides educational workshops and other bee-related events, including harvesting honey once a year.
At NETSTREIT, we encourage sustainable practices among our employees and are dedicated to further reducing our environmental impacts through:
"When I was in my second trimester, I never expected to have management ask me for input in the development of NETSTREIT's maternity leave policy. I remember making a list of recommendations for what I'd like to see, and thinking, 'Well what about dads or couples that plan on adopting? They deserve time with their babies too.' So l included in my recommendations that the company should account for non-birthing parents. I'm proud to say that NETSTREIT has Family Bonding Leave for all employees, no matter the gender or how they became a parent. I can't say enough how important it was to me having those first few months with my baby."
An Employee Experience Committee (EEC) was established last year with a mission to ensure that all employees have a clear voice in sharing and upholding the company's cultural values and expectations. Committee members are drawn from every level of the organization and rotate annually. Members meet periodically to discuss recommendations to present to the leadership team. These recommendations may include additional training, activities, software, benefits, or other ideas to improve the employee experience and engagement.
We believe in the value of a diverse workforce and inclusive culture where all employees backgrounds, experiences, and perspectives are appreciated and respected. Harassment and discrimination of any kind are not tolerated. Our Code of Business Conduct and Ethics lays out our commitment to equal and fair treatment of all employees without concern for factors such as gender or gender identity, race or color, religion, ethnicity, disability, age, military status, sexual orientation, medical condition, or family status. Mandatory harassment and discrimination training includes a scenario-based module to help recognize and combat unconscious bias.
NETSTREIT'S
WORKFORCE
DIVERSITY
We are helping to cultivate the next generation of real estate finance professionals through our summer internship program. We typically recruit interns who are in their sophomore and junior year at local universities and provide meaningful, hands-on experience through participating in all stages of the acquisition process and helping to grow our customer relationship management platform.
Our societal contributions extend beyond our workforce to the consideration of partners we engage. In 2021, Roberts & Ryan Investments, Inc., a Service-Disabled Veteran Owned broker dealer, served as a co-manager for our April Secondary Offering. Proceeds from their commission directly benefit veteran-focused nonprofits, such as Boulder Crest Foundation, Children of Fallen Patriots, and Helmets to Hardhats, which support veterans and their families in general wellness, mental health, and career transitions.
We are committed to acting with honesty and integrity and conducting all corporate opportunities in an ethical manner.
As a fiduciary to our shareholders, we strive to promote exemplary corporate governance that ensures NETSTREIT's corporate strategy aligns with our values. We also endeavor to have a Board with a strong mix of perspectives and experiences.
Annual director elections
Majority voting standard for election of directors
Director resignation policy
Annual director and committee assessments
No poison pill or differential voting stock structure to chill shareholder participation
Shareholders' right to amend the charter and bylaws by simple majority vote
Separate non-executive Chair and CEO roles and Lead Independent Director with strong role and significant governance duties
NETSTREIT has a balance of experienced and independent directors: five out of seven are independent. Our Audit, Compensation, Nominating, and Investment Comittees are comprised of fully independent directors as well. We have a proactive commitment to diversity. 43% of our directors (60% of our independent directors) are women and 29% of directors (40% of our independent directors) are racially/ethnically diverse.
Independent Directors
Diverse Independent Directors
Female Directors
Fully Independent Committees
Find Corporate Governance Guidelines, NETSTREIT's Code of Business Conduct, and Ethics and Committee Charters on our Investor Governance Page.
VIEW DOCUMENTS
ESG
Social
Human Capital management is the cornerstone of our ESG and corporate strategy.
We want people to be excited to come to work, to like what they are doing, and to feel valued. This requires a commitment, from every employee up to the Board-level, to create a strong internal culture that promotes inclusion and employee well-being. Our past and continued success relies on our ability to attract and retain quality team members, and we have strengthened our people capabilities by recruiting a board member, Heidi Everett, with this specific expertise. We have increased our focus on the recruitment of employees with backgrounds that have historically been under-represented in our industry and institutions whose recruitment efforts have been underserved. We offer attractive compensation comprised of a salary and annual bonus, as well as equity participation so that every employee has a personal stake in our collective success. Equity awards are divided into time-based and performance-based restricted stock that vest over time, better aligning the interests of our employees and shareholders. We are proactive and responsive to our employees regarding our benefits package, seeking feedback from employees for ways we can further meet their financial, educational, health, and well-being needs. Our benefits package includes:
401K Plan
100% company match of up to a 3% contribution, and 50% of up to the next 2%
Insurance
Health, dental and vision insurance costs covered at 90% for employees and 60% for dependents
Leave
Six weeks of paid maternity leave at 100% salary as well as eight weeks of paid family bonding
Paid Time Off
A minimum of fifteen PTO days
Paid Holidays
Twelve days of paid holidays
Sick Days
Up to eight days of sick time
Employee Assistance
24/7 toll-free hotline to access confidential counseling on various physical and mental health needs
Continuing Education
Reimbursement for certifications, tuition, courses, and seminars for continuing professional education