Credit IssuesCredit issues with major tenants such as Walgreens, Family Dollar, and Big Lots are expected to remain a negative factor for the stock.
Stock PerformanceNTST's stock has underperformed, with shares down 9% compared to a market index that is up 14%, impacting the company's cost structure.
Tenant Credit RiskThe proportion of investment-grade tenants has significantly decreased, with only 37% of recent investments being investment-grade, compared to 85% earlier in the year.