The combination of online/omnichannel retailing and supply chain worries have made warehouses and light industrial properties the top real estate sector over the last few years – and you can definitely see that in the performance of our Best Monthly Dividend Stocks List pick. The firm has managed to grow its monthly payout over the last four years!
The strength of that payout growth continues to be surging demand and a portfolio of single-tenant properties in the right places. Our pick’s key focus on smaller, regional distribution hubs and last-mile delivery locations has provided plenty of strong occupancy and demand for its buildings. This has, in turn, spurred rent growth and cash flow growth. So much so that our pick has managed to grow its payout by nearly 11% annually over the last three years.
Even better is the potential for the firm’s growth – with more retailers and manufacturing firms looking to shore up their own distribution needs, warehouse demand has a long runway for growth. This is especially true with the lack of available space.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
