It’s no secret that retail operations have changed. Thanks to the pandemic, omnichannel and digital means are now consumers’ method for buying food, items and even services. This poses a big problem for firms that own retail real estate. The demise of the shopping mall may be at hand. But that’s not the case for our newest Best Monthly Dividend Stocks List pick.
Our pick is one of the largest owners of single tenant retail real estate in the country, with over 1,400 properties. The win is that our pick has been focusing its portfolio on omnichannel players. Redesigning its portfolio to take advantage of the environment, our pick is quickly becoming insulated from many of the issues retail is having.
This has worked well for investors. Profits have continued to expand during the pandemic, while the stock has plenty of cash flows to pay its rich monthly dividend.
To make room for this REIT, we had to remove a different REIT this week.
You can check out the Best Monthly Dividend Stocks List to explore all monthly dividend-paying stocks.
