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This 7.9%-Yielding REIT Is Significantly Undervalued

Published Wed, 23 May 2018 18:37:16 -0400 on Seeking Alpha

VEREIT, Inc. (VER) continues to make a solid investment proposition for income investors that desire high recurring dividend income. Further, I consider VEREIT's shares to be considerably undervalued, improving investors' risk-reward trade-off. VEREIT's dividend looks sustainable, and an investment in VEREIT deals investors a high 7.9 percent covered dividend.
I have doubled down on VEREIT this year, below $7, and still think that the current price level provides income investors with a very good entry point into the stock. VEREIT is cheap, undervalued, and the dividend is reasonably safe.
VEREIT's shares have not rebounded much from the February stock market meltdown, opening up a buying window.
Here's VEREIT's share chart.
Source: StockCharts
VEREIT - Portfolio Overview VEREIT's real estate portfolio included more than 4,000 properties comprising of 94.7 million square feet at the end of the March quarter. The REIT's properties produce ~$1.2 billion in rental income each year and are located in 49 U.S. states, which helps make VEREIT one of the largest commercial property REITs in the country.
Here's a portfolio snapshot. Source: VEREIT Investor Presentation
VEREIT has a good mix of different property types in its real estate portfolio. The REIT's property portfolio includes retail, restaurant, industrial and office properties, with retail properties having the biggest representation.
Source: VEREIT
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Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
VEREIT 8.99   0.0 -0.12 0.55 6.04


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