Credit IssuesCredit issues with major tenants like Walgreens, Family Dollar, and Big Lots create ongoing uncertainties and pressures on the stock.
Stock PerformanceNTST's stock underperformance, with shares down 9% compared to the broader market's gain, has negatively impacted its cost structure.
Tenant Credit RiskThe proportion of investment-grade tenants continues to decrease, with only 37% of recent investments meeting this standard, compared to much higher levels in previous quarters.