OAKBROOK TERRACE, IL - Mid-America Real Estate Corp.'s Net Lease Investment Group recently compiled information comparing net lease data among the top nine banking chains in America.
“Clients are always wondering how one tenant compares to another and what makes one retailer's cap rate more aggressive than the other,” says Mid-America investment broker Tom Fritz. “This study illustrates much more than that by rating each bank among different categories such as total deposits, annual NOI (net operating income), average deposits per branch, and of course, CAP rate, to name a few. It literally shows investors where they can get the biggest BANK for their buck." Mid-America's "Top 9 Banks" include, in order of credit ranking: US Bancorp, Wells Fargo & Co., Bank of Montreal, JP Morgan Chase, The PNC Financial Services Group, Bank of America Corp., KeyCorp, Fifth Third Bancorp and TCF Financial Corp. Financial information on each bank was obtained from Yahoo! Finance and all numbers were rounded. The credit ratings were derived from Standard & Poor's 2012 rankings. “If I'm an investor looking to place $3,000,000 and I'm targeting a 5.00%-5.50% yield,” Fritz says, “I want to know exactly where I can get the most for my money in terms of credit, lease term, and financial strength. This study breaks it down and points out where the differences exist.” The study was co-authored by Fritz, Mark Goldberg and Bill Wright of Mid-America. For the Mid-America comparison chart, click on: http://midamericagrp.com/downloads/BankComparison_Dec12.pdfWant to continue reading?
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