Americans just have a lot of stuff. That has created an interesting problem when it comes to the housing market. Rising prices, stricter lending standards, and rising mortgage rates have many people being pushed out of the market. Meanwhile, urban environments remain attractive and there are plenty of retirees looking to downsize. Renting is becoming the norm for many people. And our Best Real Estate Dividend Stocks List pick is winning during this transition phase.
Our pick is one of the largest operators of self-storage units in the country. This niche features high margins and short lease times- as short as week in some instances. Because of its massive size, our pick is able to derive plenty of operating efficiencies from its portfolio. For investors, this niche has provided years of dividend increases
With growth coming from continued M&A as well as rising demand for its facilities, our pick has plenty of “oomph” left in the tank to keep the gains coming. With a 3.4% yield, investors should watch for the stock when it goes ex-dividend next on Thursday, June 16.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
