Stock PerformanceNTST's shares have underperformed significantly, with a drop of 9% compared to a 14% increase in the broader RMZ index, highlighting investor concerns about the company's prospects.
Tenant Credit RiskThe proportion of investment-grade tenants continues to decrease, with only 37% of recent investments being investment-grade compared to a much higher percentage earlier, raising concerns about tenant credit quality.
Tenant ExposureExposure to potentially risky tenants, like drug stores and dollar stores, has put pressure on NTST's stock, reflecting broader concerns about the stability and reliability of its tenant base.