West Coast Luxury REIT Fortifies Position on Best Dividend Stocks List
We've often said here at Dividend.com, that the top real estate investment trusts (REITs) have one critical thing in common. And that's the location of their buildings. It doesn't matter what kind of property, but rather where the property is located that drives overall rents, cash flows and, ultimately, dividends.
And luckily, for our Best Dividend Stocks List REIT, it has those properties in just the right thriving section of the country. Thanks to its focus on this one region, our pick has had a long history of rising cash flows, better earnings and dividend increases, which is evident by its latest 8.7% jump in its payout.
And as they say, if it ain't broke, don't fix it. Our real estate continues to add additional exposure in its main target areas through strategic asset purchases. That's huge considering our pick's locale features limited room to grow and high barriers to entry. This gives our pick near monopoly status when it comes to its buildings. These asset purchases have only given it an even bigger stranglehold on its main operating area. That will only continue to boost its, and its investors, fortunes over the longer haul. Five reasons why you should own this stock:
- A focus on high barrier-to-entry office and apartment buildings – with a strong, affluent customer base.
- Over the last ten years, adjusted funds from operations have grown by 125%.
- Since its IPO, it has nearly doubled the return of the broader MSCI REIT Index.
- Since the recession, our pick has a been a strong dividend growth contender – with its latest payout increase hitting 8.7%.
- Healthy payout ratio of 52% and forward yield of 2.58%.
All data in the table above updated as of 01/16/2018.
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MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 9.7%.
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