The combination of stricter lending standards from the Great Recession and surging housing prices has created an interesting problem. Many people have turned toward renting. The problem is all this downsizing has many people wondering where to put all their stuff. Our latest Best Real Estate Dividend Stocks List pick is filling that niche.
Our pick is one of the largest operators of self-storage units in the country. This niche features high margins. And our pick has been able to use its size to extract even more operating efficiencies from its portfolio. Better still, the short lease times—as short as week in some instances—can allow our pick to raise rents faster than office or warehouse owners.
With a hefty dose of technology and apps now being utilized, our pick has the potential to keep its dividend streak of 10+ years going far into the future. Watch for when the stock goes ex-dividend on Thursday, June 16 (estimated date).
To add this self-storage specialist, we had to remove another REIT specializing in leisure and recreational properties.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
