The three operating pillars.
Real Estate
Balance Sheet
People
Our mission.
NETSTREIT's mission is to build a best in class portfolio, provide shareholders with consistent risk-adjusted returns, and build a team that's honest, proud of their work, and encourages growth individually and as a company.
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.
Growth.
We seek to grow our company and expand opportunities for all we work with.
ESG
Environment
Tenant initiatives and impacts.
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.
Our Tenants' Sustainability Commitments
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
68%
of our Total Portfolio Annual Base Rent.
Our tenant sustainability commitments are identified from publicly available ESG disclosures. Figures represent portfolio as of 09.30.2021.
FEATURED TENANTS
7-Eleven
7-Eleven, Inc is an international chain of convenience stores, headquartered in Tokyo, Japan. What started as an icehouse in Dallas back in 1927 has evolved to become the world's leading convenience store. Today, 7-Eleven operates, franchises, and licenses more than 60,000 stores around the world.
OUR PHILOSOPHY TO LEAD THROUGH SERVICE FUELS OUR COMMITMENT TO CREATE POSITIVE CHANGE BOTH IN OUR STORES AND IN OUR COMMUNITIES. 7-ELEVEN IS PROUD TO SET THE STANDARD FOR RESPONSIBLE RETAILING IN THE CONVENIENCE INDUSTRY.
SUSTAINIBILITY HIGHLIGHTS
- Reduce CO2 emissions from stores by 50% by 2030
- Add electric vehicle charging sites to 250 locations by 2022
- Initiated an LED lighting program with more than 7,000 stores transitioned as of December 2019
- Installed energy management systems at more than 6,500 stores to monitor, control, and optimize HVAC and refrigeration equipment performance
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:
- Reducing waste by recycling paper, plastic, aluminum, and e-waste
- Reducing paper use significantly by i) adopting electronic software for signatures on all investment-related materials and tenant agreements and ii) utilizing board book software to make our quarterly Board meetings 100% paperfree
Designing maternity leave.
"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."
Amy An, Investor Relations ManagerAn 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.
ESG
Governance
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.
Governance Highlights
1
Annual director elections
2
Majority voting standard for election of directors
3
Director resignation policy
4
Annual director and committee assessments
5
No poison pill or differential voting stock structure to chill shareholder participation
6
Shareholders' right to amend the charter and bylaws by simple majority vote
7
Separate non-executive Chair and CEO roles and Lead Independent Director with strong role and significant governance duties
Board Independence and Diversity.
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.
71%
Independent Directors
60%
Diverse Independent Directors
43%
Female Directors
4
Fully Independent Committees
Director engagement and access.
- Active investor relations team with shareholder ability to contact directors
- Availability of directors at annual general meetings to respond to shareholder questions
- Significant interaction with senior business leaders through regular business reviews
Looking for other Governance documents?
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