VER - 1 Reason I'll Never Sell VEREIT
In some ways, real estate investment trust (REIT) VEREIT (NYSE: VER) has been a terrible investment for me. Yet as I watched the company navigate through headwinds that could have destroyed another company, I couldn't help but be impressed.
And now that the landlord has fixed the foundation of its business, I'm pretty sure I'm going to be sticking around for a very long time. Here's why.
I first bought VEREIT when it was called American Realty Capital Properties, a fast-growing net-lease real estate investment trust with a huge 10% yield. I had watched as management used a string of acquisitions to quickly turn the company into an industry giant, at the time rivaling the size of peers like industry bellwether Realty Income . I should have known better, but I let my investment demons run free.
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1 Reason I'll Never Sell VEREIT