Renter nation is alive and well! Changes to the housing market—including higher home prices and rising mortgage costs—is only exacerbating the trend. For those firms that support the trend toward renting, it’s the boom days. This includes our latest Best Real Estate Dividend Stocks List pick.
Our pick operates in the self-storage industry, providing a way for Americans to hold all their ‘stuff’ while downsizing and renting apartments. This niche is incredibly lucrative as these facilities come with large margins, rising rents, and small lease times. This produces plenty of increasing cash flows.
And with more people turning to renting in the current environment, our pick occupancy has been growing, while M&A opportunities remain abundant. The combination should boost our pick for the long haul. With 10+ years’ worth of dividend hikes under its belt already, investors should watch for the stock when it goes ex-dividend next on Thursday, June 30.
To make room for our self-storage player, we’ve reduced exposure to a triple-net leased specialist.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
