The residential real estate market may be capturing headlines with its red-hot growth, but the commercial real estate market is close behind. With the economy re-opening, rents have stabilized, and real estate investment trusts (REITs) have reported strong growth.
According to Nareit’s Quarterly REIT Performance Data, equity REITs grew at an 8.3% pace during the first quarter—their fastest rate since the second quarter of 2020. Retail and Lodging/Resorts outperformed Residential by more than 5% during the quarter, continuing their strong gains from the fourth quarter of 2020.
Several commercial REITs have recently raised their dividends.
| Company | Ticker | Profile | Payout Change | Ex-Dividend Date | Yield |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities Inc. | ARE | Alexandria Real Estate Equities is an urban office REIT focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations. | 2.80% | June 29, 2021 | 2.44% |
| Realty Income Corporation | O | Realty Income Corp. owns 6,600 properties under long-term lease agreements with commercial clients. | 0.20% | June 30, 2021 | 4.19% |
| W.P. Carey Inc. | WPC | W.P. Carey is among the largest net lease REITs focused on operationally-critical commercial real estate. | 0.20% | June 29, 2021 | 5.46% |
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