Want Passive Income? 1 Surefire Dividend Stock You Won't Want to Miss.
There's currently a lot of uncertainty about the future of office buildings since many employees don't want to return to the office full time. Because of that, many investors are avoiding real estate investment trusts (REITs) that focus on owning office buildings.
That's causing them to overlook Alexandria Real Estate Equities (NYSE: ARE), which isn't your average office REIT. It focuses on owning collaborative life science, agriculture technology (agtech), and technology campuses in innovation clusters of major cities. Because of that, demand for its space is strong. That puts its already rock-solid dividend on an even firmer foundation. Here's a closer look at why income investors won't want to miss this REIT.
Alexandria currently has 41.9 million square feet of operating properties in key innovation markets, including Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and the Research Triangle in North Carolina. Occupancy across its portfolio stood at an impressive 98.4% at the end of the second quarter after excluding recently acquired properties.
Source Fool.com
