VER - Vereit: Cheap Net Lease REIT On Offense

• VER suffered a 50%+ pullback at the onset of the pandemic, but it has also rebounded more strongly than its closest net lease peers.
• Today, the stock remains cheap - much cheaper than its peers and cheaper than it deserves to be.
• Moreover, after a dividend cut at the beginning of the COVID outbreak, the payout ratio is very low, giving the dividend plenty of room to rise.
• With a cheap valuation, low payout ratio, and a return to modest AFFO growth, there's a lot to like about VER right now.

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