Rising Rates Are a Problem, but This 6.8% Yielder Is Making the Best of It
Swiftly rising interest rates make it more expensive to buy properties because it costs more to finance transactions. The solution is for asset prices to decline, but the math isn't quite that simple because human beings are involved in the mix.
Which is why Broadstone Net Lease (NYSE: BNL) is biding its time right now. But it isn't wasting its time. Here's what you need to know about this 6.8%-yielding dividend stock.
Broadstone owns around 800 net lease properties. Compared to a giant like Realty Income (NYSE: O), with more than 13,000 properties, Broadstone is a pipsqueak. That said, the tiny REIT has grown rapidly.
Source Fool.com