REIT with 25+ Million Square Feet Rentable Space Added to the Best Dividend Stocks List
Dividend.com added another REIT to its Best Dividend Stock List. This REIT owns a whopping 28 million square feet of rentable space and since this company's spin-off in the 1990s it has increased its quarterly payout by 200%.
Their weighted average occupancy rate was more than 94% in 2015. With a P/FFO ratio of 18.32 based on 2016 earnings, this stock straddles between income and growth. Most importantly they didn't cut their dividend in either of the last two recessions.
4 Reasons Why You Should Own This Stock:
Diverse tenant base across multiple industries.
Very low leverage compared to industry peers.
Rising interest rate environment has historically proven beneficial for REITs.
They did not cut their dividend in either of the last two recessions.
As a dividend investor you need access to the best and safest stocks in the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception.
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