Investment PerformanceThe proportion of investment-grade tenants continues to decrease, with only 37% of recent investments being investment-grade, compared to 85% earlier and 61% for the portfolio average.
Stock UnderperformanceThe stock's underperformance, with shares down 9% compared to a 14% rise in the index, has negatively impacted costs.
Tenant Credit RiskCredit issues with tenants like Walgreens, Family Dollar, and Big Lots are expected to remain overhangs on the stock.