REITs Payout $1 Billion (so far)
REITs as an industry took less than three months into 2009 to reward investors with $1 billion dollars – repeat $1 billion dollars. The payout came in the form of the good old-fashioned dividend check. While dividends primarily went out of favor during the tech boom, REITs have been steadily paying out dividends on a quarterly basis for decades (some REITs pay monthly dividends).
Top 5 Dividend Paying REITs for 2009
Avalon Bay Communities Inc. (AVB) $208,008,00
Apartment Investment and Management (AIV) $178,089,599
UDR, Inc. (UDR) $175,672,185
HCP, Inc. (HCP) $114,862,001
Health Care REIT Inc. (HCN) $70,345,999
Source: REIT Media (www.reitmedia.com)
While several REITs focused on hospitality (BEE) and retail properties (GGP) have suspended their dividends. It’s not surprising that the top 5 dividend paying REITs are focused on apartment and health care properties. Both the apartment and health care segments are performing better than other real estate sectors.
No question that current dividend yields for REITs are abnormal, but long-term capital appreciation and stable dividends are crucial traits for the steady investor.
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Feb.23.2009. 23:11
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