Here's Why STORE Capital Is a Warren Buffett Stock
The adverse economic effects caused by the COVID-19 pandemic have been particularly hard on real estate investment trusts (REITs). The retail REITs have been hammered by store closures and declining foot traffic. Many in the mortgage REIT space had a near-death experience. Some investors used this downturn in the pricing of many REITs as an investment opportunity.
Berkshire Hathaway CEO Warren Buffett was one such investor and his company just took advantage of the weakness in the REIT space to increase Berkshire's position in STORE Capital (NYSE: STOR), a retail-focused triple-net lease REIT.
What makes this REIT a Warren Buffett stock?
Source Fool.com
