VER - Vereit: Cheapest In Its Peer Group With Attractive Prospects
Investment Thesis
Vereit Inc. (VER) is a net lease real estate investment trust that owns a large and diversified portfolio of mostly single-tenant properties across the United States. Its $14.7 billion portfolio is mostly made up of retail properties (2,068 total) and restaurants (1,536), with smaller industrial (147 properties) and office (75 properties) segments.
The following article is a follow-up to May 22nd's "The High Yield Comeback Kid," which detailed VER's past as American Realty Capital and how it has transformed itself by strengthening its balance sheet and distilling its portfolio.