Invest Like Donald Trump With This Stock Yielding 8.1%
Donald Trump built his wealth through estate investments and development. He inherited a portion of his father’s real estate business, which he then expanded through strategic property deals, hotel developments, and branding.
Trump also ventured into entertainment, including his popular show The Apprentice and his new social media app Truth Social, which recently went public via a SPAC merger and now trades as Trump Media & Technology Group Corp. (NASDAQ:DJT).
Investing in real estate is not as easy as it once was, especially with rates at elevated levels. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
So, how can you invest like Donald Trump? Well, his portfolio is highly concentrated in two states – New York and Florida. Let's focus on New York, which he is more known for.
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New York State of Mind
Alexander's (NYSE:ALX) is a REIT that leases, manages, develops, and redevelops properties in New York, making it a great way to get exposure to the city where Donald Trump began building his portfolio. Alexander's portfolio consists of five properties in greater New York City, including 731 Lexington Avenue, the Rego Center, and The Alexander apartment tower.
Alexander's currently pays a quarterly dividend of $4.50 per share, equating to an annualized rate of $18.00 per share, which gives its stock a yield of about 8.1% at the time of this writing.
It’s important to note that Alexander’s has maintained its $18 annual dividend since 2018, making it a very reliable source of income to go with the potential price appreciation in its world-class assets.
Another way to invest like Trump
You can also get started in real estate like Donald Trump by using a real estate crowdfunding platform, like Bezos and Khosrowshahi-backed Arrived Homes or Marcus and Millichap-backed EquityMultiple. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income.
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