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Office real estate investment trusts (REITs) specialize in owning and managing office properties, including high-rise buildings, business parks, and office campuses.
Office REITs generate revenue by leasing space to businesses and organizations. As with all REITs, they are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.
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Postal Realty Trust, Inc.
Postal Realty Trust (NYSE:PSTL) is the only publicly traded REIT focused on owning and leasing properties to the United States Postal Service (USPS). As of July 29, its portfolio comprises 1,616 properties with approximately 6.2 million interior square feet across 49 states and Puerto Rico.
Postal Realty currently pays a quarterly dividend of $0.24 per share, equating to an annualized dividend of $0.96 per share. At the time of this writing, this gives its stock a yield of about 6.6%.
Postal Realty has also shown a dedication to growing its dividend since coming public. It has raised its annual dividend payment every year since its initial public offering in 2019, so its 1.1% hike in February has it on track for 2024 to mark the fourth consecutive year with an increase.
Investor alert: Triple-net properties can put a check in your pocket every quarter—a can’t-miss opportunity for accredited investors.
Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities (NYSE:ARE) is one of the nation's largest owners and managers of real estate leased to the life sciences industry. As of June 30, its portfolio consists of 408 properties containing approximately 42.1 million rentable square feet in key cluster locations including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City
Alexandria Real Estate Equities currently pays a quarterly dividend of $1.30 per share, equating to an annualized dividend of $5.20 per share. At the time of this writing, this gives its stock a yield of about 4.6%.