Ecommerce, supply chain woes, and omnichannel retailing have lit a fire under a potentially boring real estate segment. We’re talking warehouses. These flex- and mixed-use spaces continue to see rising demand and rent growth above and beyond. This has been absolutely wonderful for our latest Best Monthly Dividend Stocks List pick.
Our pick is a big owner of warehouses and other flex-use spaces. The win is that these warehouses are located throughout key corridors of the country. These spaces continue to be in high demand as they make for great last-mile distribution centers. Even better is that our pick’s properties continue to be triple-net leased to single tenants via long-term contracts. This provides plenty of steady cash flows and supports the firm’s high monthly dividend.
With continued supply chain pressures and rising omnichannel growth, the need for more warehouse space is only getting larger. That’s great news for our pick. The next monthly distribution comes on Wednesday, June 29 when it goes ex-dividend.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
