Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on tenant ability to pay rent, rising interest rates, and recessionary conditions.
• Inability to renew leases or lease vacant space at favorable rates.
• Potential for environmental liabilities related to property contamination.
• Risks associated with real estate ownership, including economic downturns and changes in market conditions.
• Dependence on key personnel.
• Conflicts of interest with the Adviser and other affiliates.
• Risks related to maintaining REIT qualification.
• Cybersecurity risks.
• Potential impacts of climate change, including extreme weather events and increased insurance costs.

Mitigation Strategies

• Diverse tenant base with limited exposure to high-risk industries.
• Active management of lease expirations and vacant space.
• Due diligence and environmental assessments on properties.
• Conservative liquidity position and access to credit facilities.
• Succession planning and employee retention strategies.
• Conflict of interest policies and independent director oversight.
• Strict adherence to REIT requirements.
• Implementation of cybersecurity measures.
• Monitoring and adapting to climate-related risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events (severe storms, fires, floods)

Transition Risks

• Stricter energy efficiency standards or greenhouse gas regulations

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Potential impacts of climate change on real estate properties, including catastrophic weather events and increased costs of resources and insurance.

Mitigation Strategies

• No specific mitigation strategies are explicitly mentioned in the report related to climate change. The company mentions that it does not currently consider itself materially exposed to regulatory risks related to climate change due to the nature of its operations.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Catastrophic weather events such as severe storms, fires, or floods.

Transition Risks

• Stricter energy efficiency standards or greenhouse gas regulations for the industrial building sectors.