Yahoo Finance You Should Diversify With These Real Estate Dividend Stocks
Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as Automotive Properties Real Estate Investment Trust and Northview Apartment Real Estate Investment Trust generate high dividend income to shareholders. I’ve identify the following real estate stocks paying high income, which may increase the value of your portfolio.
Automotive Properties Real Estate Investment Trust (TSX:APR.UN)
APR.UN has a substantial dividend yield of 8.09% and is paying out 51.54% of profits as dividends , with the expected payout in three years hitting 88.94%. The company’s yield puts it among good company – the top 25% of the market. The company recorded earnings growth of 46.98% in the past year, comparing favorably with the ca reits industry average of 20.17%. More detail on Automotive Properties Real Estate Investment Trust here.
Northview Apartment Real Estate Investment Trust (TSX:NVU.UN)
NVU.UN has an appealing dividend yield of 6.36% and their payout ratio stands at 44.37% , with analysts expecting this ratio to be 52.41% in the next three years. The company’s DPS have increased from CA$1.48 to CA$1.63 over the last 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Northview Apartment Real Estate Investment Trust’s earnings growth over the past 12 months has exceeded the ca reits industry, with the company reporting an EPS growth of 174.11% while the industry totaled 20.17%. Continue research on Northview Apartment Real Estate Investment Trust here.
Artis Real Estate Investment Trust (TSX:AX.UN)
AX.UN has a great dividend yield of 7.90% and distributes 75.28% of its earnings to shareholders as dividends . AX.UN’s last dividend payment was CA$1.08, up from it’s payment 10 years ago of CA$1.05. The company has been a reliable payer too, not missing a payment during this time. The company outperformed the ca reits industry’s earnings growth of 20.17%, reporting an EPS growth of 121.55% over the past 12 months. Dig deeper into Artis Real Estate Investment Trust here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
