After we discussed triple net REITs in our June 2021 REIT Outlook, rising interest rates turned spread math into a moving target.  From 2022 to 2024, higher weighted average cost of capital (or WACC), a slower transaction environment, and shifting acquisition cap rates made value creation difficult to underwrite.  In 2025, the pieces are finally […]

REIT Outlook

November 1, 2025

Triple Net REITs: Becoming Constructive on Stable Spreads | November 2025

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