Thursday, 23 June 2016

REIT with 25+ Million Sq Ft Rentable Space Added to the Best Dividend Stocks List


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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.
Stock Symbol  Unlock   Price Recommended  Unlock
Company Name  Unlock   Date Recommended 06/04/2016
DARS Rating 3.9   Ex-Div Date  Unlock
Current Yield 2.91%   Pay Date  Unlock
All data in table above updated as of 06/23/2016.

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MORE ABOUT THIS STOCK

Trailing 5-Year Dividend Payout History

  • Annualized Growth Over Last 5 Yrs: 4.6%.

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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