Brad Thomas
Dividend growth investing, REITs, newsletter provider, value

I Like This Boring REIT, But Mr. Market Likes It More Than Me

Well it's been almost nine months since I wrote an article on National Retail Properties (NYSE:NNN), and although the "boring" Orlando-based REIT has not seen much excitement, the Triple Net (aka free-standing) sector certainly has.

It all started back in January of this year when Realty Income (NYSE:O) acquired American Realty Capital Trust in a $2.95 billion deal (see my article here). Then in February, American Realty Capital Properties (ARCP) acquired its sister non-traded REIT, American Realty Capital Trust III (ARCT3) in a $2.3 billion (see article here) and then in the same month Spirit Realty Capital (NYSE:SRC) said it was merging with Cole Credit Property Trust II (CCPT2) in a deal...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details