We all know the saying, “location, location, location” when it comes to real estate investing. The idea is that owning the most lucrative properties in the most desirable places will yield the strongest results. But, what if you own ALL the locations? Our latest pick for our Best Monthly Dividend Stocks List does just that.
Our pick is one of the very first REITs to be launched – both in the 1960s and then in the 1990s when the sector became publicly traded. Since then, our pick has continued to amass a huge portfolio of buildings and assets: approximately 11,000 to be exact. The sheer size of our pick is unmatched in the sector.
Key are its freestanding buildings that are so-called triple-net leased, which removes many of the costs associated with owning the properties from our pick’s balance sheet and responsibility. Better still, it boosts our pick’s cash flows. And as a REIT, those cash flows come right back into investors’ pockets.
In fact, our pick just handed out its 114th consecutive monthly dividend. For investors, our pick’s portfolio and 4.1% yield make an ideal selection for those needing a boost to their income.
To make room for this REIT, we had to remove a different REIT this week.
You can check out the Best Monthly Dividend Stocks List to explore all monthly dividend-paying stocks.
