Vereit (VER) is a triple-net REIT which has, for the past few years, not received the respect it deserves due to pending litigation regarding its misgivings in its past life as American Realty Capital Properties. VER has outsized exposure to the restaurant sector, which may be the reason it trades so cheaply. Still, sporting an 11% yield and positioned with strong liquidity, Wall Street may be missing the long-term picture. I rate shares a buy.
The Complicated Story Is No Longer So Complicated
VER owns a diversified portfolio of single-tenant net-lease real estate.