Recent podcast drops
The Net Lease Observer Podcast continues to deliver engaging conversations with executives from across net lease and finance. Recently released episodes include:
June 9th: Sumit Roy, President & CEO of Realty Income (NYSE: O)
Podcast: Sumit Roy of Realty Income
June 16th: Michael Batnick, Managing Partner of Ritholtz (co-host of the Animal Spirits and Compound & Friends podcasts; Author of the Irrelevant Investor blog)
Podcast: Michael Batnick of Ritholtz
June 25th: Glenn Rufrano, Chairman of PREIT, former CEO of New Plan Excel, Centro Properties, Cushman & Wakefield, and VEREIT
Podcast: Evergreen principles with Glenn Rufrano
Search “Net Lease Observer” on Apple podcasts, Spotify, or Podbean:
Net Lease Observer | Apple Podcasts
Net Lease Observer | Spotify
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Index inclusion
S&P Dow Jones Indices announced net lease-focused NETSTREIT (NYSE: NTST) will replace ProAssurance (NYSE: PRA) in the S&P SmallCap 600 index effective Monday, June 29th.
NETSTREIT joins seven other single tenant REITs as an index constituent: Broadstone; Essential Properties; Four Corners; Global Net Lease; Getty; Innovative Industrial; and Safehold.
Net lease REITs also hold two spots in the S&P 500 index and six spots in the S&P 400 MidCap index.
NTST has generated a year-to-date total return of 18.1% and sports a $2.0 billion equity market capitalization.
Middle child syndrome
Although the 10-year bond and Fed Funds interest rates get all the attention, the middle of the yield curve has experienced significantly more action since January 1st.
Source: Y-Charts
The 2-, 3-, and 5-year U.S. treasury rates are up 64, 60, and 44 basis points year-to-date yet no one seems to mention.
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