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Strategies & Market Trends : Dividend Growth Investing and chit chat.
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From: rnsmth1/24/2022 2:59:38 PM
2 Recommendations

Recommended By
red cardinal
Tam3262

   of 2146
 
Started a small position in STOR today, my first new venture into REIT land for quite a while.

It has had its safety score upgraded by SSD two in the past couple of years. It had been downgraded due to pandemic and reduced rent collections. That has resolved itself.

Here is a bit from Simply Safe Dividends:

""Today, the REIT owns more than 2,700 properties dispersed throughout the country. These properties are used in over 100 different industries and are filled with a diverse mix of tenants, of which none account for greater than 3% of total rent.""

It has a BBB credit rating and rent collections are up to 95% with occupancy of 99.6%

Also from a SSD note: "Only 4% of STORE's leases mature over the next five years, and the retail REIT continues to boast a lengthy weighted average lease term of 14 years. "

Current yield is a bit over 5%.

5 year DGR is 6%, most recent increase was 6.9%

I think I will be building it over the next year, but there is a lot of competition for investments dollars out there with this correction.
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