Investors eyeing triple net investing in 2024 are seeing steady transaction volumes, supported by $3.4B in deal flow announced in the last 90 days. REIT analysts model an average annualized total return near 7% if interest rates pivot lower before year-end. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $650,607 !" Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,114,716 !" W. P. Carey is among the net lease REITs sitting in a strong capital position. “We've talked this year about having a clear path to fund our investments in 2025 without the need to raise any equity,” Fox says. The REIT plans to fund acquisitions with the sale of non-core operating assets, primarily dispositions of its legacy self-storage properties. The REIT also has a $2 billion credit facility that’s largely undrawn. Market sentiment favors triple net investing going into summer 2024, as vacancy rates in prime metro markets dip below 4%. Sparse new supply is creating competitive bidding for fully leased single-tenant assets.
Return this item within 90 days of purchase.
Get an immediate answer with AI
AI-generated from the text of manufacturer documentation. To verify or get additional information, please contact The Home Depot customer service.