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Camping World delays annual report; triple-net REITs on watch

Published 03/02/2018, 08:35 AM
© Reuters.  Camping World delays annual report; triple-net REITs on watch
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  • Citing material weakness with certain accounting policies, Camping World (NYSE:CWH) announces a delay in the filing of its 10-K.
  • Camping World is a key tenant in the land of triple-net lease players, says Mizuho's Haendel St. Juste, and the delay is likely to renew concerns about the group.
  • National Retail Properties (NYSE:NNN) is most-exposed to CWH, says St. Juste, at about 4% of revenue. Realty Income (NYSE:O), Spirit Realty (NYSE:SRC) and Store Capital (NYSE:STOR) are in the area of 0.5%-1.2% of total revenue.
  • Source: Bloomberg
  • Now read: An Investigative Analysis Suggests Realty Income Is A Predicable 'Sleep Well At Night' REIT


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