They exist: REITs that paid dividends to investors in November. In my repository there are even three of them: Namely Property income (WKN:899744), STAG Industrial (WKN: A1C8BH) and Tangier Factory Outlet Centers (WKN: 886676). Although we can already say at this point that the first two have a monthly dividend.
Nevertheless, let’s take a look at the enterprise-oriented total packages. Some names could be quite interesting.
Property income: Not just a dividend in November
Yes, Realty Income is a top name that pays dividends every month. That’s part of the appeal. However, foolish investors must not forget that it is a smaller part that comes every month. It takes time to create a greater return.
Despite this, Realty Income now owns a portfolio of over 11,400 units, which is a lot. This is a great diversification, which at the same time allows for security. A current price-to-FFO ratio of around 16 and a yield of 4.8% is quite an attractive valuation. Overall, US REIT has a history of dividends spanning more than 50 years and is one of the Dividend Aristocrats. A rapid doubling of one’s investment is not necessarily a targeted investment specialty, but it is a solid return over a longer period of time.
STAG Industrial: Also a payment every month
The other REIT paying dividends to investors in November is STAG Industrial. The industrial REIT is significantly smaller and has a less diversified portfolio. Also because the focus is only on logistics and industrial properties.
Nevertheless, the mix is more dynamic and agile as a result. STAG Industrial achieved over 7% year-on-year growth in funds from operations per share in the most recent quarter. This happened largely organically without major acquisitions and with normal additions to the portfolio.
Currently, the REIT, which paid out a 12th of its total annual dividend in November, has a yield of about 4.5%. Additionally, the price-FFO ratio is around 14.3. This can also be moderate, especially since there is a good chance that management can achieve further growth.
TFO: Dividends in November too!
US real estate investment trust Tanger Factory Outlet Centers also paid its own dividend in November. This means: We actually received the distribution sum in the middle of the month. Currently, the REIT has a yield of 4.9% with a price-to-FFO ratio of just over 10. This is also a very moderate value.
It is not easy for me to say whether Tanger Factory Outlet Centers are attractive. However, we can solve it diplomatically: for a relatively cheap assessment, there is a mix that is business-oriented and dependent on outlet centers. It promises a touch of value charm, but risks more vacancies if e-commerce proves to be another threat. What is dominating right now? You can argue about that, but there it is, the dividend in November.
Article 3 REITs That Paid Dividends in November! first appeared on The Motley Fool Germany.
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Vincent owns shares in Realty Income, Stag Industrial and Tanger Factory Outlet Centers. The Motley Fool owns stock in and recommends Stag Industrial and recommends Tanger Factory Outlet Centers.
Motley Fool Germany 2022