These Top REITs Just Raised Their Dividends Up to 8.9%

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In a positive development for investors, two high-quality real estate investment trusts (REITs) announced dividend increases last week.

Investors should take note of REITs that increase their dividends, as this usually indicates strong financial health and stable cash flow, just as you find stocks that can provide reliable long-term income streams.

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Let’s examine each REIT to see if there is room in the portfolio for one or both.

Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE:FRT) is a leading owner and manager of retail and mixed-use properties in the United States. As of June 30, its portfolio comprises 102 properties containing approximately 27 million square feet. Its properties are located in major markets including Boston, Chicago, Miami, New York City, Philadelphia and Washington, DC

In its second quarter earnings release on August 1st, Federal Realty raised its dividend by 0.9%.

“Another record quarter for Federal Realty, starting with funds from operations per share of $1.69, to continuing record leasing volume, to continuing our REIT industry record with our 57th consecutive year of common dividend growth ,” said Federal Realty CEO Donald C. Wood. a statement.

Federal Realty now pays a quarterly dividend of $1.10 per share, which equates to an annual dividend of $4.40 per share and gives its stock a yield of about 3.9% right now.

As noted by its CEO, this dividend increase marked the 57th consecutive year that Federal Realty has increased its annual dividend payout, the longest consecutive record in the entire REIT industry.

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Terreno Realty Corporation

Terreno Realty Corporation (NYSE:TRNO) is a leading owner and manager of industrial properties in the United States. As of June 30, its portfolio comprised 292 buildings, excluding nine properties under development or redevelopment, with approximately 18.1 million square feet.

The story continues

In its second quarter earnings release on August 7, Terreno increased its dividend by 8.9%. It now pays a quarterly dividend of $0.49 per share, equating to an annual dividend of $1.96 per share and giving its stock a yield of about 2.9% at the time of writing.

Terreno has consistently increased its dividend, making it one of the most attractive investment options in the industry. It has now raised its dividend every year since its 2011 initial public offering, meaning 2024 will mark its 13th consecutive year of an increase.

Better returns than some REITs?

The current high interest rate environment has created an incredible opportunity for income investors to earn massive returns, but not through REITs.

Arrived Homes, the investment platform backed by Jeff Bezos, has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target net annual return of 7% to 9% paid investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, it has a minimum investment of only $100.

As long-term rates fall and short-term rates remain high, there is a unique opportunity to invest in fix & flip loans before yields fall. Check out Benzinga’s favorite high yield deals.

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