One of the top-performing spaces in the real estate sector continues to be warehouses and light industrial properties. Thanks to the rise of omnichannel retailing and various supply chain issues, these spaces have continued to be critical must-haves for manufacturers, retailers and even end-users of various goods. This has been great news for our Best Monthly Dividend Stocks List pick!
Our pick has focused on warehouse, light industrial and office park properties, with 130+ different buildings in its portfolio. This has been great for our firm’s cash flows as occupancy remains high and rent growth has been plentiful.
Better still, our pick’s portfolio is small enough that it has the ability to grow via acquisition as well as be a M&A target in of itself. This provides plenty of capital appreciation potential and higher valuation than many of its peers. With a top niche and already 3 years’ worth of dividend increases under its belt, our pick makes for an ideal monthly dividend payer. The next monthly distribution comes on Friday, July 15 (estimated date) when it goes ex-dividend.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
