Lease REITs turn positive

Shares of REITs have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience stores, the Wall Street Journal reports.

The stocks of these so-called net-lease REITs rose rapidly from early 2012 to last month, as low interest rates increased the appeal of the REITs’ dividends, which currently yield in the range of 4.4% to 6.4%.

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