While demand for home purchases has softened due to soaring interest rates, America’s rental market remains vibrant, especially in the Sunbelt states. The Covid-19 pandemic ushered in a new era of interstate migration, with places like Florida and North Carolina reaping the benefits. Our latest addition to the Best Real Estate Dividend Stocks List is a real estate investment trust (REIT) that serves the residential housing needs of high-end markets in the Southeastern and Southwestern United States.
Thanks to solid third-quarter results, broad exposure to America’s Sunbelt markets and strategic investments in places like Florida and North Carolina, our pick is well-positioned to capitalize on rental demand. Our pick enjoys same-store property revenue growth and a positive outlook for the rest of 2022. More than a decade of dividend growth also sweetens the deal for income investors looking to get in on a REIT with solid business fundamentals.
To make room for our latest pick, we’ve had to swap out a diversified business-to-business REIT due to its limited upside potential.
You can check out the Best Real Estate Dividend Stocks List to explore all the stocks.
