This Dividend King Landlord Shows How Good the Apartment Market Is Today
Real estate investment trusts (REITs) make money by charging tenants rent, so this is an important metric to monitor. However, different property types have different rent dynamics. Which is why it's so interesting that retail-focused Federal Realty Investment Trust (NYSE: FRT) is highlighting the success of a new apartment building in one of its mixed-use projects. Here's what you need to know.
Federal Realty's biggest claim to fame is that it has increased its dividend annually for longer than any other REIT. Its streak is actually pretty incredible, at more than 50 years. That makes it a Dividend King -- the only REIT to have achieved that feat. With that kind of track record, investors should probably be paying close attention to what management says. Indeed, you don't build a dividend streak like this one without doing a lot of things well.
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Source Fool.com
