1 High-Yield Retail REIT That's a Buy During the Coronavirus Lockdown
With the coronavirus pandemic shutting down wide swaths of the economy, real estate has been hit especially hard. Small and fast-growing real estate investment trust STORE Capital (NYSE: STOR), which specializes in single-tenant properties focused on retail and services industries, is no exception. Shares of the REIT are down some 55% from their mid-February highs.
It's going to be a long road back, and the recovery will be highly contingent on how sectors of the economy adapt after the pandemic-fueled crisis abates. Nevertheless, STORE provided an update this month that indicates it is doing far better than the average real estate portfolio, and it has taken positive steps to keep its income stream and future expansion on the right track.
Image source: Getty Images.
Source Fool.com
