This is true because of the success of our platform and the diverse capabilities and expertise of our people. Together with our proven development strategy, it has driven strong and steady growth in free cash flow.
We have achieved this outstanding performance by targeting value-add greenfield and brownfield opportunities that are often overlooked by others. As a result, we create properties that are highly appealing to national retailers.
*This is a non-GAAP financial measure. Refer to the Non-GAAP Financial Measures in Part I and VIII of the REIT’s Management and Discussion Analysis for the year ended December 31, 2021 for more information on each non-GAAP financial measure.
Our properties are primarily leased to national retailers with a focus in the consumer staples market segment – a segment that tends to withstand broader economic conditions and other retail trends, such as online sales.
of gross rents are from National retailers.