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 New England Realty Associates Limited Partnership and Urstadt Biddle Properties 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.
New England Realty Associates Limited Partnership (AMEX:NEN)
NEN has a good dividend yield of 3.12% and is distributing 64.55% of earnings as dividends . The company’s DPS have increased from US$0.93 to US$2.15 over the last 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. New England Realty Associates Limited Partnership’s earnings per share growth of 40.14% outpaced the us real estate industry’s 27.68% average growth rate over the last year. Continue research on New England Realty Associates Limited Partnership here.
Urstadt Biddle Properties Inc. (NYSE:UBA)
UBA has a great dividend yield of 5.57% and is distributing 113.58% of earnings as dividends . In the case of UBA, they have increased their dividend per share from US$0.95 to US$1.08 so in the past 10 years. The company has been a reliable payer too, not missing a payment during this time. The company outperformed the us reits industry’s earnings growth of 4.85%, reporting an EPS growth of 77.29% over the past 12 months. More on Urstadt Biddle Properties here.
EastGroup Properties, Inc. (NYSE:EGP)
EGP has a decent dividend yield of 3.03% and is paying out 88.01% of profits as dividends , with analysts expecting this ratio to be 121.56% in the next three years. The company’s dividends per share have risen from US$2.08 to US$2.56 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time. EastGroup Properties’s performance over the last 12 months beat the us reits industry, with the company reporting 14.39% EPS growth compared to its industry’s figure of 4.85%. More detail on EastGroup Properties 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.