Consumers are finally venturing out after the pandemic. That’s boosted the fortunes of a variety of businesses, but perhaps none as much as restaurants. After having negative sales during the pandemic, revenues are booming. That’s boosting the fortunes of the restraint owners. This includes our latest pick in our Best Real Estate Dividend Stocks List.
Our pick doesn’t actually operate restaurants. It owns the buildings that house your local eateries. Often these buildings are rented as triple-net leased, meaning the renters pay for most of the expenses. This helps our pick reap some hefty cash flows. What’s really great is that our pick has started to move away from strictly owning restaurant properties. This expansion into other real estate assets can provide plenty of diversification the next time a big event happens.
It’s worth keeping an eye on the stock when it goes ex-dividend on Wednesday, March 30.
To make room for this restaurant pick, we had to remove a healthcare property owner from our list this week.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
