Tariffs are causing headaches for retailers, but net lease REITs seem insulated since tenants are responsible for property-level costs. Realty Income (O) yields 4.8% across 15,500 properties. It is low risk but slow moving, with the dividend only increasing 2.3% in 2025. Agree Realty (ADC) is the growth alternative. It has a smaller portfolio but the dividend grew 3.5% this year. The yield is lower at 3.8%. The article notes that tariff pressure could actually help these companies. If tenants get squeezed and need cash, they might sell properties to these REITs to raise capital.