Discover the real estate stocks with the biggest dividend increases last month, June
Dividends
July 3, 2023
Universal Health Realty Income Trust (UHT) recently made a significant move by increasing its quarterly dividend by $.005, resulting in a new dividend of $.72 per share. This decision was made by Universal Health's Board of Trustees, reflecting their confidence in Universal Health's financial position and performance.
Essential Properties Realty Trust, Inc. (EPRT) has recently announced an increased dividend for the second quarter of 2023. Essential Properties's Board of Directors declared a quarterly cash dividend of $0.28 per share of common stock, representing an annualized dividend of $1.12 per share. This increase of $0.02 per share reflects Essential Properties's commitment to enhancing shareholder value. The dividend is set to be paid on July 14, 2023, to stockholders who were recorded as of June 30, 2023.
W. P. Carey Inc. recently announced a substantial boost in its quarterly cash dividend to $1.069 per share, reflecting an annualized dividend rate of $4.28 per share. This decision highlights W. P. Carey's commitment to maximizing shareholder value. The increased dividend serves as a testament to W. P. Carey's strong financial performance, robust cash flow, and solid growth prospects. With a payment date set for July 14, 2023, the dividend provides an attractive return to stockholders of record as of June 30, 2023.
INDUS Realty Trust, Inc. (INDT) recently announced an increase in its quarterly cash dividend to $0.18 per share for the second quarter of 2023. This decision was made by the Board of Directors in light of the pending Merger Agreement with affiliates of Centerbridge Partners, L.P. and GIC, which was approved by INDUS stockholders in May 2023. Under the terms of the Merger Agreement, if the Merger closes on or before the Record Date, the Merger Consideration payable to public stockholders will be increased by $0.18 per share, and the second quarter dividend will not be separately paid. The Merger is expected to close in the early summer of 2023, subject to the satisfaction of remaining conditions, including regulatory clearance.
Alexandria Real Estate Equities, Inc. (ARE) recently announced an increased quarterly cash dividend of $1.24 per common share for the second quarter of 2023, representing a 5 percent increase over the previous year. Alexandria's decision to raise the dividend reflects its commitment to sharing its robust and growing net cash provided by operating activities with shareholders, while still allocating a significant portion for reinvestment in its pipeline of Class A development and redevelopment projects. In the next five years, Alexandria Real Estate Equities expects to generate approximately $1.7 billion in net cash for reinvestment, excluding distributions to real estate joint venture partners. With a low funds from operations (FFO) payout ratio of 55 percent for the first quarter of 2023, Alexandria's sustained growth in net cash provided by operating activities positions it to continue increasing the quarterly cash dividend per common share while maintaining a favorable FFO payout ratio.
All data was sourced from LevelFields AI
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