We are committed to maintaining strong oversight of climate strategy, governance and risk management. As a real estate owner and investor, we recognize that the impact of increasing natural hazards and global climate trends, chronic trends, and acute events may pose a risk to our business model and performance. While we operate under a triple-net lease model, and the operation, maintenance, repair, and improvements of our leased properties generally fall under the responsibility of our tenants, our climate change oversight allows us to better understand the risks and opportunities posed by climate change, enhance our climate-related governance and risk management processes, and engage with our tenants regarding their climate change risk evaluation and mitigation efforts. With respect to climate opportunities, as our tenants continue to grow their businesses and develop their operations at our properties, including with respect to climate risk mitigation and resiliency measures, we explore opportunities in our role as a strategic partner and potential capital provider to facilitate our tenants’ objectives (to the extent our tenants elect to utilize such opportunities).

Last updated: September 9, 2024