trending Market Intelligence /marketintelligence/en/news-insights/trending/YXVHTQuqZk-wm3qHSSZ6Tw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch affirms National Retail Properties at BBB+

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Fitch affirms National Retail Properties at BBB+

Fitch Ratings affirmed National Retail Properties Inc.'s long-term issuer default rating at BBB+, with a stable outlook.

The ratings action incorporates predictable cash flows and long lease terms in the company's real estate portfolio, strong financial flexibility, high liquidity coverage and strong asset coverage of unsecured debt.

Specifically, for rentals that have leases of 15 to 20 years, annual rent bumps at the company tied to consumer price inflation average 1.5%. It also had a weighted average lease term of 11.4 years as of June 30, which Fitch considers strong for companies rated BBB.

The company's real estate investment trust leverage was 4.9x at the end of the second quarter, and Fitch expects to see a leverage in the low 5x range through 2020.

Fitch noted that the company only has modest same-store growth, which has essentially been flat over the previous two years amid vacancies, rent roll downs and impairment losses.