ESS offers a good entry point at the current price. Classic retailers are under significant pressure, and many shopping malls have and will deal with bankrupt tenants. The company has more than doubled its debt (now around $1.5 billion) over the past 5 years. However, SLG has observed improved trends lately and expects to achieve funds from operations per share of $6.60-$7.10 this year. Step 1: Download the Complete REIT Excel Spreadsheet List at the link above. Sometimes you will see a payout ratio of less than 90% for a REIT, and that is likely because they are using funds from operations, not net income, in the denominator for REIT payout ratios (more on that later). In the 2020 second quarter, AFFO per share increased 4.9% to $0.86 year-over-year. 1100 Park PlaceSuite 200San Mateo, CA 94403United States650-655-7800http://www.essexapartmenthomes.com, Sector(s): Real EstateIndustry: REIT—ResidentialFull Time Employees: 1,822. At this point, the company dividend graph looks like a launching ramp. This means ESS has never missed a dividend increase since its IPO in 1994! Essex Property Trust, Inc. (ESS) Essex Property Trust, Inc., an S&P 500 company, is a fully integrated REIT that acquires, develops, redevelops and manages multifamily residential properties in select West Coast markets. The REIT grew its same-store net operating income by 2% over last year’s quarter and slightly improved its occupancy rate, from 94.8% to 95.2%. REITs give investors the ability to experience the economic benefits associated with real estate ownership without the hassle of being a landlord in the traditional sense. STAG offers a high yield (~5%) paid monthly. Federal Realty is on the exclusive list of Dividend Kings. However, this database is certainly not the only place to find high-quality dividend stocks trading at fair or better prices. As the Dividend Aristocrat focuses on high-quality apartments around tech hubs, it attracts professionals and tech sector workers who won't feel the recession much. The company will see a negative impact from coronavirus in 2020, but it has taken aggressive action to shore up its financial position to weather the storm. Step 3: Use the filter functions ‘Greater Than or Equal To’ and ‘Less Than or Equal To’ along with the numbers 0.05 ad 0.07 to display REITs with dividend yields between 5% and 7%. SLG benefits from reliable growth in rental rates in one of the most popular commercial areas in the world, Manhattan. Therefore, we expect the company to make it through the coronavirus with its dividend intact. The U.S. West Coast has high economic output (California and Washington combined would have the 5th highest GDP in the world) as well as limited supply. Added emphasis has been placed on dividend sustainability, which is even more important for investors to take into account during the coronavirus crisis, as it has had a particularly large impact on REITs. Legacy INXN shareholders now own ~20% of the new Digital Realty. Growth has been driven by several contributing factors. One might think that the high payout ratios of REITs would result in inferior total return performance compared to their peers (even though they have high dividend yields). Iron Mountain is a storage and information management REIT. Management seems confident in the company's future, as it grows both its business and its dividend at a similar pace. The portfolio was 93% leased as of June 30th. Iron Mountain operates in North and Latin America, Europe and the Asia Pacific region. According to MSCI, which compiles and tracks the index, the MSCI US REIT Index generated total annual returns of 10.6% per year since December 30, 1994. One must make sure the REIT chosen will not only be able to sustain its dividend payment, but also to increase it. The REIT's narrow market concentration is at the center of its success. Carey had a high occupancy rate of 98.9% in the second quarter. Unfortunately, the latest dividend increases were minimal. The table of contents below allows for easy navigation. Digit Realty also updated its 2020 outlook. These stocks have positive expected rates of return over the next five years, and high dividend yields which make them appealing for income investors. The Multifamily REIT: Essex Property (ESS) Essex Property Trust owns apartments in highly desirable locations and have successfully ridden … Its services include record management, destruction, fulfillment services, data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media. The following two lists provide useful information on high dividend stocks and stocks that pay monthly dividends: Thanks for reading this article. Iron Mountain has achieved organic revenue growth rates of ~3% in the past, and guides for organic revenue growth of 3% to 5% annually in the future. Digital Realty Trust is another attractive REIT because of the unique safety it offers during the coronavirus crisis. The high dividend yields of REITs are due to the regulatory implications of doing business as a real estate investment trust. In addition, its portfolio is centered in metropolitan areas with favorable long-term demand. Essex Property Trust, Inc. (ESS) NYSE - Nasdaq Real Time Price. ... Essex is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily apartment communities located in supply-constrained markets. Please send any feedback, corrections, or questions to firstname.lastname@example.org. Shareholders can sleep well with a ~3.5% yield and a dividend increasing by 5-6% year after year. However, investors are hoping the bottom is in. It is Manhattan’s largest office landlord, with a market capitalization of $3.5 billion, and currently owns 96 buildings totaling 41 million square feet. Cash flows continued to grow during the last financial crisis, resulting in a strong recession performance.
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