There's no question that 2020 has been a difficult year for real estate investment trusts (REITs) that own retail assets. At one point, STORE Capital's (NYSE: STOR) shares were off by around 60%. Through Thursday's close, the year-to-date loss is "only" 24%.
Is STORE Capital on sale, or should investors look elsewhere for a better deal?
STORE Capital is a net-lease real estate investment trust, which means that its tenants pay for most of the operating costs of the properties they occupy. It's generally considered a low-risk sector of the REIT space because leases are traditionally quite long. At the end of the second quarter, STORE's average lease had 14 years left on it. That's enough time to get through most economically difficult periods, even ones as uncertain as today's.
Source Fool.com