These 2 REITs Would Benefit If Governments Put More Money Into the Economy
To the U.S. government's credit, it started sending people checks when large swaths of the U.S. economy were, effectively, being shut down to help slow the spread of the coronavirus. While nothing is perfect, the extra cash helped to balance out the hit from lost income. Although the country is soundly on the reopening path at this point, some industries would benefit from additional government largess. Here are two real estate investment trusts (REIT) that would be particularly pleased to see even more cash.
Simon Property Group (NYSE: SPG), the largest mall and factory outlet landlord in the country, has been recovering pretty well in 2021. The best example of this is probably the fact that it has increased its dividend four times so far this year after trimming the payment in 2020 because its malls were basically shuttered. But, while the nearly 27% dividend increase in 2021 is huge, the $1.65 per share per quarter payment is still below the $2.10 per share prior to the pandemic. So there's more room to go here.
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Source Fool.com
