For investors seeking reliable, high-yield income, this stock stands out as a solid choice, offering both competitive yield and a commitment to long-term dividend growth. Currently yielding 4.98%, this dividend stock ranks within the top 20% of all dividend stocks, appealing to those prioritizing income stability. With a 35-year track record of non-decreasing dividends, it provides an attractive and consistent income stream backed by a well-managed portfolio of retail properties under long-term leases. This stability is further supported by the company’s high 99.3% occupancy rate, which reflects strong demand for its properties and a well-diversified tenant base, making it a noteworthy addition for income-focused portfolios.
Operating within the eREIT sector, the company is poised to benefit from trends favoring net leases, where tenants cover property taxes, insurance, and maintenance, reducing operational costs and enhancing cash flow reliability. Strategic acquisitions through established tenant relationships have further strengthened its competitive position, allowing for consistent rent growth and a steady pipeline of quality investments. While economic conditions and potential rate hikes pose risks, the company’s disciplined financial management—characterized by an average debt maturity of 12.6 years and access to ample liquidity through a $1.2 billion credit facility—positions it to navigate these challenges while maintaining dividend security.
Investors interested in a stock that combines a robust yield with dependable growth drivers will find this article invaluable. Learn why this reaffirmed recommendation aligns perfectly with the objectives of a high-yield portfolio and how its strong fundamentals support both income stability and long-term growth potential.
