Dane Bowler
Value, hedge fund analyst, REITs, long/short equity

Investing In Industrial REITs Part 2: CapLease Evades The Pure-Play Premium

There are good reasons to want exposure to the industrial REIT sector as it has growth potential from new development as well as contractually steady revenue streams. Unfortunately, it can be difficult to find an efficient way to do so. In part one, we demonstrated STAG Industrial (NYSE:STAG) to be the most viable investment candidate among industrial REITs as it is both the cheapest and the fastest growing. However, even with growth factored in, its price was unjustifiable. If the cheapest industrial REIT is slightly overvalued, how would an investor gain exposure without sacrificing value? This article will demonstrate CapLease Inc. (NYSE:LSE) to be an excellent value-adjusted play on the industrial sector. We will begin...

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