These Top Retail REITs Yield Up to 5.4% and Have Been Growing Their Dividends

Joey Solitro

13 May 2024 at 12:41 pm·3-min read

These Top Retail REITs Yield Up to 5.4% and Have Been Growing Their Dividends

Retail real estate investment trusts (REITs) own, operate, or finance income-generating retail properties, including shopping centers, malls, strip malls, and other retail spaces, and generate revenue by leasing space to retail businesses.

As is the case with all REITs, retail REITs are required to distribute a significant portion of their income to shareholders in the form of dividends, making them a popular choice for investors seeking income.

If you're interested in buying a retail REIT with a high yield, here are two you should consider today.

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Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-invest in them with Jeff Bezos and other notable investors for only $100.
Elon Musk, Ken Griffin and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. Investing in its booming real estate market has never been more accessible.

Urban Edge Properties

Urban Edge Properties (NYSE:UE) is a REIT focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities with a focus on the Washington D.C. to Boston corridor. Its portfolio currently consists of 76 properties totaling approximately 17.4 million square feet of gross leasable area.

Urban Edge currently pays a quarterly dividend of $0.17 per share, equating to an annualized dividend of $0.68 per share, which gives its stock a yield of about 4% at the time of this writing.

It's also worth noting that Urban Edge raised its dividend by 6.3% earlier this year, marking its first increase since 2021, and its strong financial performance so far in 2024 could support another increase next year.

Simon Property Group, Inc.

Simon Property Group (NYSE:SPG) owns and operates more than 250 shopping centers across North America, Europe, and Asia, including properties in the top 25 U.S. markets based on population. Its properties are home to more than 3,000 world-class brands, including Lululemon, Macy's, and Tiffany & Co.

SPG currently pays a quarterly dividend of $2.00 per share, equating to an annualized dividend of $8.00 per share, which gives its stock a yield of about 5.4% at the time of this writing.

SPG has also raised its dividend each of the last two years, and its three hikes in the last year have it on track for 2024 to mark the third consecutive year with an increase.

Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. This platform allows individuals to invest in commercial real estate with as little as $5,000.
This Bezos-backed startup selects America's prime single-family rentals and then lets you invest in them starting from $100.

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This article These Top Retail REITs Yield Up to 5.4% and Have Been Growing Their Dividends originally appeared on Benzinga.com

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