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Real estate investment trusts (REITs) offer a compelling opportunity for income-seeking investors, but they are often overlooked. REITs own, operate, or finance income-generating real estate, allowing individuals to invest in various real estate types without direct ownership or management responsibilities.
REITs must distribute a large percentage of their taxable income to shareholders through dividends, often resulting in high yields. If you're an income-seeking investor, here are three high-quality REITs with track records of dividend growth you could invest in today.
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Institutional investors are increasingly turning to private credit for higher potential returns and lower volatility. You can copy their strategy by investing in your own private credit deals.
CubeSmart
CubeSmart (NYSE:CUBE) is the third-largest owner and operator of self-storage properties in the United States. As of June 30, its portfolio comprised 1,494 self-storage properties in 185 markets across 40 states and the District of Columbia.
CubeSmart currently pays a quarterly dividend of $0.51 per share, which equates to an annualized dividend of $2.04 per share, giving it a yield of about 3.8%.
In addition to sporting a high yield, CubeSmart has an extensive track record of dividend growth. It has raised its annual dividend payment for 14 consecutive years, with a 62% dividend growth rate over the last five years.
EastGroup Properties, Inc.
EastGroup Properties (NYSE:EGP) is a leading owner and manager of industrial properties in the United States. As of June 30, its portfolio comprised approximately 60.2 million square feet of premier distribution facilities across major Sunbelt markets in 12 states.
EastGroup currently pays a quarterly dividend of $1.40 per share, equating to an annualized dividend of $5.60 per share, giving it a yield of about 3% at the time of this writing.
EastGroup's latest dividend increase was 10% last month. In the news release, the company noted that it has paid dividends for 32 consecutive years, with 29 increases and no reductions, including increases in each of the last 13 years.