- SRC has been taking a lot of positive steps to raise portfolio quality, increase balance sheet strength, and return to growth mode.
- And yet, the market continues to punish the REIT with a below-average valuation — and thus an above-average cost of capital.
- Even so, management has done excellent work at sourcing appropriate acquisitions with high yields and attractive lease terms.
- One very interesting transaction in Q3 involved ClubCorp, the largest owner and operator of private golf courses and country clubs in the nation.
For further details see:
Now Yielding 5.4%, Spirit Realty Capital Is Unfairly Maligned By The Market