Net Lease REITs

"Net lease" refers to the triple-net lease structure, whereby tenants pay all expenses related to property management: property taxes, insurance, and maintenance. One of the more "bond-like" property sectors, net lease REITs tend to operate more like a financing company than a property manager and have investment characteristics similar to corporate bonds due to the long-term nature of most net leases and the underlying "credit" exposure through their tenants' ability to pay rent.

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Symbol
Company
Property Sector
Dividend Yield (%)
Market Cap ($B)
O
Realty Income
Net Lease
4.11
43.14
WPC
W. P. Carey
Net Lease
5.11
15.84
STOR
STORE Capital
Net Lease
5.19
8.15
NNN
National Retail
Net Lease
4.63
8.06
SRC
Spirit Realty
Net Lease
5.56
5.86
ADC
Agree Realty
Net Lease
3.99
4.87
EPR
EPR Properties
Net Lease
6.33
3.91
BNL
Broadstone
Net Lease
4.88
3.55
EPRT
Essential Properties
Net Lease
4.08
3.35
FCPT
Four Corners Property
Net Lease
4.77
2.24
GNL
Global Net Lease
Net Lease
10.62
1.57
GTY
Getty Realty
Net Lease
5.76
1.33
NTST
NetStreit
Net Lease
3.46
1.03
RTL
Necessity Retail
Net Lease
10.93
1
GOOD
Gladstone Commercial
Net Lease
6.71
0.92
OLP
One Liberty
Net Lease
5.9
0.64
PSTL
Postal Realty
Net Lease
5.22
0.33
PINE
Alpine Income
Net Lease
5.83
0.22