Preferred Stock of REITS (Real Estate Investment Trusts). Therefore, Essex earns a high place on the list due to its long dividend history of annual increases, and strong dividend growth rate. In December, Realty Income raised its dividend by 0.2%, bringing the total dividend growth rate to ~3% for 2020. About this page + View less A real estate investment trust (REIT) is a company that owns, operates or finances income-generating real estate across a range of industries. Also, click on ‘Descending’ at the top of the filter window to list the REITs with the highest dividend yields at the top of the spreadsheet. There is somereinvestment risk for preferred share investors, since REITs generally can redeem preferred stock. STAG has an added advantage due to the company’s exposure to e-commerce properties, which gives it access to a key growth segment in real estate. It is focused on single-tenant industrial properties and has ~450 buildings across 38 states in the United States. This will help to eliminate any REITs with exceptionally high (and perhaps unsustainable) dividend yields. In fact, one of the best methods to find high-quality dividend stocks is looking for stocks with long histories of steadily rising dividend payments. In addition, its portfolio is centered in metropolitan areas with favorable long-term demand. This geographic diversification, coupled with the fact that demand for its services is not very cyclical, means that Iron Mountain is relatively resilient to recessions, which should help during the current crisis. The Indxx REIT Preferred Stock Index is a modified market cap weighted index designed to provide diversified exposure to high yielding liquid preferred securities issued by Real Estate Investment Trusts listed in the US. For the quarter Digital Realty’s revenue came in at $1.024 billion, representing a 3% increase compared to last quarter and 27% increase compared to Q3 2019, aided by the Interxion acquisition. From an accounting perspective, this means that REITs incur significant non-cash depreciation and amortization expenses. Carey has an investment grade credit rating of BBB from Standard & Poor’s. These figures somewhat decreased in the first 20 days of October, as SLG collected 90.3% of total billings. Note: Yield values are as of May 14th, and subject to change. Crown Castle does not have the highest dividend yield among REITs, but it makes up for this with a high level of dividend safety as well as growth potential. Again, these are relatively modest declines, which give investors hope that the company will quickly recover once the broader economy improves. Preferred Stocks. It concentrates in high-income, densely-populated coastal markets in the US, allowing it to charge more per square foot than its competition. Preferred stocks of REITs do NOT pay qualified dividends. The S&P U.S. Companies that have increased their payouts through many market cycles are highly likely to continue doing so for a long time to come. REITs are unique because they are organized as pass-thru entities - they must distribute their income to stockholders to … Bluerock Residential Growth REIT Inc., a Real Estate Investment Trust (REIT) whose common stock is listed on the New York Stock Exchange (NYSE American: BRG), is offering its Series T Redeemable Preferred Stock with the following features and benefits: Carey will navigate the coronavirus crisis. Realty Income leaps to the top spot on the list, because of its highly impressive dividend history, which is unmatched among the other monthly dividend stocks. It’s … The U.S. West Coast has high economic output (California and Washington combined would have the 5th-highest GDP in the world) as well as limited supply. The stock table is sorted in a descending order by market capitalization and the fund table is sorted in a descending order by net assets. Plus, due to the defensive nature of its business and a strong performance during past recessions, we believe that W.P. In exchange for listing as a REIT, these trusts must pay out at least 90% of their net income as dividend payments to their unitholders (REITs trade as units, not shares). On March 13th, 2020 Digital Realty announced that it had completed the combination of Interxion (prior ticker: INXN),a provider of cloud data centers in Europe. In early November, STAG Industrial reported (11/5/20) financial results for the third quarter of fiscal 2020. During the quarter the company generated $432 million in core funds from operations or $1.54 per share. The stock table includes relevant common stocks, ADRs and preferred shares, and the funds table includes relevant exchange-traded funds (ETFs) and institutional share class mutual funds. On October 29th, 2020 Digital Realty reported Q3 2020 results for the period ending September 30th, 2020. To give a better sense of financial performance and dividend safety, REITs eventually developed the financial metric funds from operations, or FFO. Essex Property Trust has generated impressive growth over the course of its history. However, the effect of the pandemic on the REIT has been limited so far thanks to the high credit profile of its tenants. For an example of how FFO is calculated, consider the following net income-FFO reconciliation from a recent earnings release of Realty Income (O), one of the largest and most popular REIT securities. Approximately 97% of its retail tenants (based on ABR) were open and operating as of October 30th. Revenues totaled $300 million, down 2% year-over-year. REIT preferreds carry a cumulative dividend covenant in which the issuer is … Now that you have the tools to identify high-quality REITs, the next section will show some of the benefits of owning this asset class in a diversified investment portfolio. This means that the properties are viable for many different tenants, including government services, healthcare services, and entertainment. Preferred Stock of REITS (Real Estate Investment Trusts) Below is a complete listing of current preferred stocks of Real Estate Investment Trusts (REITs). Iron Mountain’s focus on secure data storage sets the trust aside from competitors in the storage industry by providing a unique focus. Realty Income is a retail-focused REIT that owns more than 6,500 properties. The benchmark S&P U.S. It is the largest brand of self-storage services in the US. All securities have an active dividend policy and are either exchange-listed or … List of U.S. Digital Realty also updated its2020 outlook. Our goal is to provide you with the information and metrics related to the Artis REIT preferreds. Thanks to its financial strength, the REIT can endure the ongoing crisis and emerge stronger whenever the pandemic subsides. Crown Castle’s cash flow per share –defined as the sum of earnings plus depreciation, minus preferred dividends –has shown robust levels of growth over the past decade. Digital Realty’s chief competitive advantage is that it is among the largest technology REITs in the world. OHI recently reported third-quarter results which showed resilience in the face of the coronavirus pandemic. REIT Stocks. Preferred Stock ETF is the largest preferred stock exchange-traded fund, or ETF, by a significant margin and allows investors … Net operating income grew 15% over last year’s quarter. The REITs chosen … With current prices and yields, you should be able to select a few that appear to meet your yield requirements. Essex Property Trust invests in west coast multi-family residential proprieties where it engages in development, redevelopment, management and acquisition of apartment communities and a few other select properties. It also signs multi-year contracts (7-15 years) with its tenants in order to secure reliable cash flows. Its services include record management, destruction, fulfillment services, data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media. SLG benefits from reliable growth in rental rates in one of the most popular commercial areas in the world, Manhattan. Omega Healthcare Investors is one of the premier skilled nursing focused healthcare REITs. Bonus: Listen to our interview with Brad Thomas on The Sure Investing Podcast about intelligent REIT investing in the below video. The REIT Directory provides a comprehensive list of REIT and publicly traded real … Please send any feedback, corrections, or questions to support@suredividend.com. To that end, Sure Dividend has created the following two articles: You might also be looking to create a highly customized dividend income stream to pay for life’s expenses. SLG has grown its funds from operations per share at a 4.1% average annual rate in the last decade and at a 3.6% annual rate in the last five years. PFFR | A complete InfraCap REIT Preferred ETF exchange traded fund overview by MarketWatch. All things considered, this was a relatively impressive performance for Essex, as the U.S. economy fell into a deep recession over the course of 2020. Furthermore, it only owns ~0.5% of the assets in its target universe, giving it an enormous growth runway. REITS are some of the largest issuers of preferred stocks and some of them finance their businesses entirely with preferred and common stock issuance and avoid debt–Public Storage and PS Business Parks … Contrary to their name, preferred shares just aren’t many, or even most, investors’ first choice. One might think that the high payout ratios of REITs would result in inferior total return performance compared to their peers (even though they have high dividend yields). Federal Realty is on the exclusive list of Dividend Kings. The iShares U.S. Most REIT Preferred Stocks are unrated. During the quarter, occupancy dipped from 97.0% to 96.3% but it remained decent under the prevailing business conditions. The stock has a 3.5% current dividend yield, and the company has increased its dividend for 26 consecutive years, placing it on the exclusive list of Dividend Aristocrats. The Indxx REIT Preferred Stock Index is a market cap weighted index designed to provide diversified exposure to high yielding liquid preferred securities issued by Real Estate Investment Trusts listed in the U.S. List of Preferred Stock ETFs List of 4x Leveraged ETFs List of 2x Leveraged ETFs List of Leveraged Reit … The company’s long history of dividend payments and increases is due to its high-quality business model and diversified property portfolio. Iron Mountain has achieved organic revenue growth rates of ~3% in the past, and guides for organic revenue growth of 3% to 5% annually in the future. Total fund flow is the capital inflow into an ETF minus the capital outflow from the ETF for a … The company also increased its quarterly dividend by 11%. As per the latest data, 55% of the tenants are publicly rated and 33% of the tenants are rated “investment grade.” The company typically does business with established tenants to reduce risk. It also has a long history of stable dividend growth, having increased its dividend every year since 1998. Gabelli Equity Trust, Inc. (The) 5.00% Series K … The high dividend yields of REITs are due to the regulatory implications of doing business as a real estate investment trust. Rank Artis REIT Preferreds. Updated on January 14th, 2021 by Bob Ciura. Funds-from-operation, or FFO, increased 3% on a per-share basis to $1.15 for the quarter. In the 2020 third quarter, AFFO per share fell 2.4% to $0.81 year-over-year. You can see more high-quality dividend stocks in the following Sure Dividend databases, each based on long streaks of steadily rising dividend payments: Alternatively, another great place to look for high-quality business is inside the portfolios of highly successful investors. Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust (REIT). They’re not often their second, third, or fourth choice either, for that matter. View the latest ETF prices and news for better ETF investing. W. P. Carey reported its third-quarter earnings results on October 30th. These stocks have positive expected rates of return over the next five years, and high dividend yields which make them appealing for income investors. With preferred REITs, you receive dividends paid in cash on a quarterly basis. It has managed to grow per-share cash flow at double-digit rates annually for the past ten years, despite relatively weaker results for the past three years. It also has a very high level of dividend safety. REITs run unique business models. The portfolio benefits from a favorable near-term supply and demand outlook. Depreciation and amortization expenses reduce a company’s net income, which means that sometimes a REIT’s dividend will be higher than its net income, even though its dividends are safe based on its cash flow. It outperformed the MSCI USA Investable Market Index (IMI), its parent index that tracks the large, mid and small cap segments of the USA market, by approximately 60 basis points per year in the same period. However, SLG has observed improved trends lately and expects to achieve funds from operations per share of $6.60-$7.10 this year. W.P. This shows the profound effect that depreciation and amortization can have on the GAAP financial performance of real estate investment trusts. W. P. Carey also reinstated its guidance for 2020, now forecasting FFO-per-share in a range of $4.65 to $4.75. Cherry Hill Mortgage Preferred A. CHMI-A yields 10.3%. Carey benefited from 99% rent collection in October, fueling hopes that the worst is behind it. Iron Mountain reported its third-quarter earnings results on November 5th. Below is a complete listing of current preferred stocks of Real Estate Investment Trusts (REITs). Normalized FFO-per-share declined 1.5% year-over-year to $0.61. Growth is fueled by investments in new properties. On a per-share basis, AFFO is expected to increase 7% in 2020 and another 10% in 2021. Buy or sell from 345 Stocks including WMC, UE, and EPR. Since 2010 Digital Realty increased its FFO-per-share by an average compound rate of 7.8% per year. List of Quasi-Equity: REITs, Preferreds, MLPs etc ETFs. However, Core FFO per share remained flat at $0.46 due to extensive issuance of new units. Growth has been driven by several contributing factors. The trust’s growth rate is especially impressive considering that it has increased its share count every single year during this time frame. We currently expect Realty Income to generate adjusted FFO-per-share of $3.50 for 2020. W.P. In order to demonstrate this, we chose three REITs and compared the preferred stock of the REIT to the equity of the REIT. For instance, 98% of REIT preferred stocks in the Index REIT Preferred Stock Index are structured such that dividends are cumulative. The first one is organic revenue growth, primarily through pricing increases. The trust is active in several geographic markets across the US and internationally, and plans to expand its international operations further. STAG Industrial is the only pure-play industrial REIT active across the entire domestic industrial real estate market. Iron Mountain withdrew its previously announced guidance for 2020. In the quarter, the REIT collected 96.9% of total billings for office, 70.0% of billings for retail and 92.6% of total billings. In the 2020 third quarter, core FFO-per-share declined 6% from the same quarter last year. SLG has been significantly affected by the coronavirus crisis, which has caused a recession and thus has hurt several tenants. The stocks are listed in order of attractiveness based on a combination of qualitative and quantitative factors, such as future growth potential, dividend yield, and dividend safety. These qualities make it the most attractive REIT for investors looking for a combination of dividend yield, dividend growth, and dividend safety. Step 2: Click on the filter icon at the top of the ‘Dividend Yield’ column in the Complete REIT Excel Spreadsheet List. Its robust cash flow generation will afford it the opportunity to continue to grow, as well as pay the dividend. The future is still bright as consumers demand more and more access to data over time. Digital Realty owns and develops properties for the technology industry. While uncertainties over the future of the healthcare system in the United States remain and some of its tenants are not financially strong, the company’s exposure to a growing segment of healthcare combined with a high dividend yield, make the stock a recession-resistant buy. Crown Castle can achieve this growth through continued organic revenue increases in the low-to mid-single-digits, a bit of margin expansion as it boosts organic revenue and integrates acquisitions, as well as new revenue purchased from acquisitions. The company has also paused acquisitions to preserve cash in this uncertain environment. Your goal is to establish which preferred will provide you the best returns. Keep reading this article to learn more. Federal Realty’s competitive advantages include its superior development pipeline, its focus on high-income, high-density areas and its decades of experience in running a world-class REIT. Click on the name … There are currently 183 U.S. real estate investment trusts or REITs in our database. High occupancy and rent collection bodes well for the sustainability of the company’s dividend payout. Essex Property Trust has achieved impressive growth for several decades, on the back of the strong west coast property market. Added emphasis has been placed on dividend sustainability, which is even more important for investors to take into account during the coronavirus crisis, as it has had a particularly large impact on REITs. It has managed to grow per-share cash flow at double-digit rates annually for the past ten years, despite relatively weaker results for the past three years. Dividends are cumulative in all cases. With 1 ETF traded in the U.S. markets, Indxx REIT Preferred Stock Index ETF gathers total assets under management of $58.57M. The company will see a negative impact from coronavirus in 2020, but it has taken aggressive action to shore up its financial position to weather the storm. As per the feedback received from its tenants, management expects its office tenants to work from home at a 50% rate in September. The trust owns, operates and leases more than 40,000 cell towers and 80,000 route miles of fiber across every major US market, helping it support data infrastructure across the country. Digital Realty has been very strategic in its acquisitions. Omega also has an investment-grade credit rating of BBB-. means, collectively, the REIT Series A Preferred Stock and the REIT Series B Preferred Stock. In fact, this asset class has traded at a higher dividend yield than the S&P 500 for decades. Click the tab on the top of the chart for either alphabetical or by current yield. As an example of its operational strength, SLG recently raised its dividend by 2.8%, and also announced a special dividend of $1.6967 per share due to its asset dispositions in 2020. Revenue excluding one-time items was roughly flat with the year-ago period, while the company generated growth in adjusted FFO. 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