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New Dividend: 51 cents quarterly (per share)
Dividend Percent Increase: 4.1%
Current Yield: 2.89%
Lab space REIT
Alexandria Real Estate Equities(ARE) is another name that hiked its dividend payouts, increasing its quarterly dividend by 2 cents to 51 cents per share.
Many investors think of real estate investment trusts as ways to play the real estate market, but in reality, they're basically tailor-made to generate income. Most commercial REITs sport long-term triple-net leases that effectively take all of the insurance, tax, and maintenance costs off of the REIT and put them onto tenants. The result is a consistent, predictable income flow that isn't beholden to the ebb and flow of the real estate market.
I'm a big fan of niche REITs that focus on specific types of real estate -- as Alexandria does with lab space. Still, as welcome as ARE's dividend increase may be, this firm is one of the lower-yielding niche REITs out there. For a core income holding, I think there are better options out there.
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-- Written by Jonas Elmerraji in Baltimore.