Dear subscribers, ROIC - Very good for a REIT that's not a class leader This, to my mind, acts as a further insulator towards any risk to the company, even to what's going on in California and the West Coast at this time. The company is historically apt at selecting leading metro markets that have high barriers to entry, and they pick tenants that focus on basic consumer goods and conservative services, with minimal concentration on one single tenant. There is "proof to the pudding" here, in the form of: 96 ...