Essential Properties: 4 Reasons Why This REIT Continues To Outperform
Essential Properties(EPRT) Seeking Alpha·2024-07-08 11:30AndreyPopov/iStock via Getty Images Previous Buy Rating #1 Lower Rated (Non-Investment Grade) Tenants When you lease to investment-grade tenants like Walmart or Starbucks (SBUX), they are unlikely to negotiate these sorts of leases, as this could handicap the company. That's why REITs with lower rated tenant exposure are not always a bad investment. This is also a reason why EPRT's portfolio was 99.9% leased at the end of their latest quarter. NNN REIT (NNN) & Realty Income's portfolios were 99.4% and 98.6% ...