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3.3% Yielding Self-Storage-Focused REIT Added to Best Real Estate Dividend Stocks List

When it comes to predictable dividend payments, few sectors score as favorably as real estate investment trusts, or REITs. Successful REITs that generate stable and reliable cash flows are legally obligated to distribute a large majority of their income to investors via dividend payments. Income investors wishing to benefit from this business model could potentially find great comfort in our latest addition to the Best Real Estate Dividend Stocks List.

Our pick doesn’t deal with the volatile residential property market, which has come under pressure due to rising interest rates. Its commercial focus has allowed our pick to increase same-store revenue and profitability while enjoying strong occupancy rates and pricing power. The company is also actively refreshing its portfolio, which means management is constantly looking for better opportunities to grow its footprint in key markets across the country.

To make room for our self-storage-focused REIT, we’ve booked profits and sold off our holdings of a data center-focused REIT.

You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.

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