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 WPT Industrial Real Estate Investment Trust 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 wholesome dividend yield of 3.01% and pays out 63.37% of its profit as dividends . In the case of NEN, they have increased their dividend per share from $0.9332 to $2.13979 so in the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. New England Realty Associates Limited Partnership’s performance over the last 12 months beat the us real estate industry, with the company reporting 46.88% EPS growth compared to its industry’s figure of 21.24%. More on New England Realty Associates Limited Partnership here.
WPT Industrial Real Estate Investment Trust (OTCPK:WPTI.F)
WPTI.F has a substantial dividend yield of 5.97% and distributes 73.91% of its earnings to shareholders as dividends . The company’s yield puts it among good company – the top 25% of the market. The company outperformed the us reits industry’s earnings growth of 3.95%, reporting an EPS growth of 54.05% over the past 12 months. More on WPT Industrial Real Estate Investment Trust here.
Urstadt Biddle Properties Inc. (NYSE:UBA)
UBA has an alluring dividend yield of 6.10% and pays out 117.89% of its profit as dividends . The company’s dividends per share have risen from $0.95 to $1.08 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. The company recorded earnings growth of 74.41% in the past year, comparing favorably with the us reits industry average of 3.95%. Interested in Urstadt Biddle Properties? Find out more here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.