PHOENIX–(BUSINESS WIRING) –Basic income, the Phoenix-based net lease platform, announces that Net Lease Corporate Real Estate (NYSE Arca: NETL) ETF has exceeded $ 100 million in assets. NETL is the first and only publicly traded ETF that defines the net lease sector as a net game. The fund monitors the NASDAQ Real Estate Rental Net Income Index, which consists of 25 publicly traded equity REITs with a total market capitalization of over $ 150 billion and collectively offers investors access to all 50 states, 26,000+ properties, 40+ industries, and over 3,000 tenants.
NETL’s total annual net income since inception is 30.23% with a 30-day SEC return of 3.79% as of June 30, 2021.
“Achieving this milestone shows that investors see the benefits and opportunities associated with a net lease of real estate in a long-term interest rate environment with high risk-adjusted returns,” said Alexi Panayotakopoulos, chief investment officer at Fundamental Income. “In addition to striving for stable overall returns, we have structured the fund to pay monthly dividends, capitalizing on the unique nature of the long-term contractual cash flows of the net rental sector.”
With a growing customer base, the firm continues to expand. “As a Unified Strategy Specialist, we are committed to expanding our capabilities to better serve our customers and add value in a sector that we truly understand,” said Matt Brudwick, Head of Disbursement.
Date of creation: 03/21/19
Performance data provided represents past performance and is not a guarantee of future performance. The current performance may be lower or higher than the given data. The return on investment and base value will fluctuate, so the investor’s shares may be worth more or less than the original value when bought back. Returns less than one year are not reported on an annualized basis. For current standard performance metrics and costs, visit https://www.netleaseetf.com/netl
Dividend income is not guaranteed and is subject to change.
NETL, which tracks the calculated NASDAQ Index, owns 25 public net rental REITs traded on the NYSE or NASDAQ, which collectively own 26,364 properties in all 50 United States, with more than 40 industries and more than 3,000 tenants. As of 03/31/21, the average remaining lease term for tenants is 12.7 years, and the occupancy rate is 98.7%. Pure Lease REITs aim to offer investors risk-adjusted benefits to investors seeking income, hedging inflation and growth, and may be suitable for those looking to pursue a real estate income or full capital return strategy.
Net lease REITs are equity REITs that own real estate leased to individual tenants under long-term net lease agreements that state that, in addition to the rent, the tenant is responsible for most, if not all, of the property’s expenses. The most common net lease is a “triple net lease”, which requires the tenant to pay property taxes, insurance, and maintenance — the three grids in the lease. NETL is operated by US Bank Global Fund Services and distributed by Quasar Distributors, LLC.
About fundamental income
Managed by seven investment partners with over 50 years of experience and a combined history of $ 15 billion in transactions, Fundamental Income is a net lease platform focused on single tenant commercial real estate investment that is leased out on net leases to mid-sized businesses operating in a wide variety of industries directly or indirectly serve the US consumer. Fundamental Income provides real estate equity and sale and leaseback solutions to businesses and business owners with operations in the United States and ever-growing businesses. In addition to creating the Net Lease Real Estate Index, the Company also raised $ 500 million in capital from a fund managed by Brookfield Asset Management (NYSE: BAM) to create a private net lease platform. For more information please visit www.fundamentalincome.com
About the Net Rentals for Fundamental Income Property (NETLXT)
NETLXT is a rule-based passive index that, for the first time, identifies and tracks the performance of the fast-growing real estate sector, Net Lease, in a diversified manner. The index uniquely identifies the sector not by subordinate types of property, such as industrial, retail, office, etc., but rather by a regulatory legal document known as “net lease”, which can be used with any type of property. The index only includes equity REITs that receive most of their net lease revenue, that is, “net lease REITS”. The index also imposes important restrictions on concentration in any one entity or tenant, which aims to create a diversified portfolio that encompasses multiple companies, investment teams, tenant industries, property types, geographic locations and most importantly, tenants. It is not possible to directly invest in the index.
Investing involves risk. Major loss is possible. The fund can trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not net worth) and are not individually redeemed from the fund. Brokerage commissions will reduce profitability. The Index and therefore the Fund are expected to concentrate their investments in real estate companies. As a result, the value of a fund’s shares can rise and fall more than the value of a fund that invests in securities of companies in a wider range of industries.
Investing in real estate and REIT companies carries unique risks, including limited financial resources, they can trade less frequently and in limited volume, and they can be more volatile than other securities. In addition, securities in the real estate sector are subject to certain risks associated with direct ownership of real estate and the risk that the value of the underlying real estate may decline. Companies in the net lease of real estate sector may be influenced by the unique factors associated with leasing property to individual tenants, including dependence on tenant financial performance and lease terms associated with higher rents based on economic indicators. The fund may invest in foreign securities that are associated with political, economic and foreign exchange risks, differences in accounting methods and greater volatility. Investing in small and medium-sized companies has historically been subject to greater investment risk than large stocks.
Before investing, carefully consider the investment objectives, risk factors, fees and costs of the Fund. This and additional information can be found in the Fund’s prospectus, which can be obtained by visiting www.netleaseetf.com… Please read the prospectus carefully before investing.
Quasar Distributors, LLC, distributor.
The 30-day return is the net investment income earned by the Fund over a 30-day period, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-day period.
NAV: The dollar value of one share based on the value of the fund’s underlying assets minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each working day.