19 REITs estimated to increase dividend in Q2, says report

A total of 19 REITs are estimated to log dividend increases in Q2, with the largest hike coming from Medalist Diversified REIT (MDRR), according to S&P Global Market Intelligence forecasts.

MDRR, which specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., said it will double its regular quarterly cash distribution to $0.02 per share.

Summit Hotel Properties (INN) is the second in the list, with a dividend hike of 33.3% to $0.08 per share. Specialized REIT Safehold (SAFE) is forecasted to follow with an increase of 8% to $0.19, the report noted.

Other names in the list were: National Storage Affiliates Trust (NSA), Independence Realty Trust (IRT), Tanger (SKT), Rayonier (RYN), UMH Properties (UMH), Americold Realty Trust (COLD), W. P. Carey (WPC), Alexandria Real Estate Equities (ARE), Broadstone Net Lease (BNL), Essential Properties Realty Trust (EPRT), Innovative Industrial Properties (IIPR), Agree Realty (ADC), Universal Health Realty Income Trust (UHT), Community Healthcare Trust (CHCT), Gladstone Land (LAND) and Realty Income (O).