While many investors are growing concerned about home sales due to rapidly rising interest rates, the rental market continues to run hot. Razor-thin inventories and the lack of updated home options in high-end markets have given leasing companies an upper hand in the current economic climate. Our latest edition to the Best Real Estate Dividend Stocks List is a real estate investment trust (REIT) that has expanded its presence in highly desirable residential markets. Solid revenue and earnings growth also strengthen its appeal among investors who can grab the stock before Monday, November 7 when the stock goes ex-dividend with a regular quarterly payout of $0.22 per share.
Due to the decline in home purchase affordability, a growing list of residential properties and strong pricing power, our pick offers a solid value proposition for investors looking to diversify into residential REITs. Our pick may have flown under the radar due to its limited track record of dividend growth, but if recent history is any indication, the company is on track to continue delivering shareholder value.
To make room for this REIT, we had to remove another lower performing REIT after it breached its momentum’s threshold.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
