Why This Dividend Aristocrat REIT Gets Great Deals
If you go to a restaurant and get terrible service, you probably won't want to go back again, no matter how good the food was. But a place with middling food and great service might actually become an old favorite simply because of the pleasurable experience. That's the core story behind National Retail Properties' (NYSE: NNN) long-term success. And its service bonafides are shining bright right now.
Recently, Four Corners Property Trust (NYSE: FCPT) talked about how pricing has increased in the net lease space, specifically for restaurants. Net lease properties are leased to single tenants that are responsible for paying most of the property-level costs of the assets they occupy. During the real estate investment trust's (REIT) third-quarter 2021 earnings conference call, it noted that portfolio deals, which group multiple properties together into a single sale, are getting priced at a premium. Normally, such asset sales would come with a discount. It's a sign of heady times.
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Source Fool.com
