Group 1: Medical Properties Trust (MPW) - Medical Properties Trust has faced challenges due to high tenant concentration, with over 60% of its assets leased to its top five tenants, leading to financial difficulties when those tenants struggled to pay rent [3] - The REIT had to sell off hospital properties and cut its dividend twice to manage its debt load amid rising interest rates and tenant issues [4] - Recent improvements in liquidity and tenant quality have put Medical Properties Trust on a firmer financial foundation, making its high-yielding dividend more sustainable [5][6] Group 2: NNN REIT - NNN REIT employs a conservative investment strategy, focusing on a diversified portfolio of freestanding net lease retail properties, with its top tenant accounting for only 4.4% of annual base rent [7] - The REIT maintains a low dividend payout ratio of 67% and has the longest weighted average debt maturity schedule in its peer group at 12.6 years, reducing annual debt maturity risks [8] - NNN REIT has delivered 35 consecutive annual dividend increases, positioning it among a select group of companies with such a track record, making it a reliable option for income-seeking investors [9][10]
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