Once the only place for a multi-tasking shopping experience, regional malls have come under fire in recent years as omnichannel shopping and the death of the specialty store have become real trends. But not all mall owners and operators are struggling. In fact, some – like our newest Best High-Yield Dividend Stocks Model Portfolio pick – are thriving, providing plenty of income and dividend growth for shareholders!
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
Our pick happens to be one of the largest operators of malls, outlet centers and shopping plazas in the world. With more than 200 properties, our pick dominates the sector. Key is that our pick has continued to prune its portfolio to only focus on so-called Class A malls. These malls are located in high income areas and haven’t experienced any dramatic slowdowns in sales. This has continued to boost our pick’s cash flow and shareholder rewards.
Moreover, our pick has continued to expand outside its core holdings of mall ownership, including a venture arm designed to bring new retail/dining concepts to life as well as taking equity stakes in some of its tenants to provide guidance. The combination has only added additional sales and cash flow to its bottom line.
All in all, when it comes to the mall operators, it pays to go with the best – in this case that is essentially a juicy 6.6% dividend yield.
To make room for our new regional mall pick, we’ve removed an owner of triple net lease real estate stock from the portfolio.
