GCCs are leasing more offices. Does that make this building a better investment?
Strong national office leasing is a useful backdrop. Investment returns still depend on the specific building, lease and tenant economics.
The tenant is in place. What will the property actually earn?
A leased property can look simple on a brochure. Rebuild the income after vacancy, owner-paid costs and the cash required to buy it.
REIT income: look past the headline yield
A distribution figure is only the start. Understand the properties, tenants, borrowing and purchase price behind a REIT’s income.