7 High-Dividend REIT Stocks презентация

real estate investments: Retail

April 4, 2015

has never fallen below 96%
Tenants sign long-term leases (15 years or more) with rent increases built in, and pay variable expenses such as taxes, insurance, and maintenance
Since going public in 1994, Realty Income has increased its dividend 80 times, by an average of 4.7% per year
Average annual total returns of 17.1% over the past 20 years
Largest tenants are Walgreen’s, FedEx, and Dollar General

April 4, 2015

Realty Income Corp (NYSE: O)

of real estate investments: Student housing

April 4, 2015

www.audio-luci-store.it via flickr

properties in 74 university markets
Target market is 4-year public institutions with enrollment greater than 15,000
3 largest markets (by income) are Arizona State University, University of Texas at Austin, and Texas A&M
Average occupancy rate of 97.7% and average rental growth of 2.4% annually
Seeks growth through acquisitions, as well as through development of new properties

April 4, 2015

American Campus Communities (NYSE: ACC)

of real estate investments: Industrial and office properties

April 4, 2015

Source: wikipedia

total properties with nearly 38 million rentable square feet
The portfolio is geographically diverse, as well as diversified across different industries
98.3% occupancy rate
Has been focused on debt reduction and selective acquisitions of new industrial properties
Most tenants are on “triple-net” leases, which means they pay taxes, insurance, and maintenance as part of the rent
Top tenants are Amazon.com, Barclays, and Raytheon

April 4, 2015

Chambers Street Properties (NYSE: CSG)

real estate investments: Agency Mortgages

April 4, 2015

Source: 401kcalculator.org

consists of fixed-rate mortgages
In order to produce high returns, Annaly uses leverage (borrowed money) to finance its investments
The company’s profit is the “spread” between the interest rate it pays and the interest rate is collects from the mortgages
Current leverage ratio is 5.4:1
The downside is that this business model is very vulnerable to interest rate spikes, since that can cause the spread to narrow
Shares currently trade for a 20% discount to book value

April 4, 2015

Annaly Capital Management (NYSE: NLY)

Quarterly
Type of real estate investments: Distressed mortgages

April 4, 2015

distressed mortgages can be bought at a discount to underlying property values and pay higher yields, PennyMac can produce high dividends without much leverage
Current leverage ratio is 2:1, unlike most mortgage REITs which use 5:1 or higher
PennyMac has increased its dividend consistently since going public
Dividend has risen 7% over the past two years

April 4, 2015

PennyMac Mortgage Investment Trust (NYSE: PMT)

Quarterly
Type of real estate investments: Health care properties

April 4, 2015

Photo: pixabay

1970
Currently owns more than 1,300 properties with an enterprise value of $37 billion
Properties include senior housing, LTC facilities, medical offices, and more
Great growth opportunity, as the 75+ population is projected to grow more than five times as fast as the overall U.S. population
Strong balance sheet, good access to capital
16.1% average annual return since inception

April 4, 2015

Health Care REIT Inc (NYSE: HCP)

of real estate investments: Data centers

April 4, 2015

Photo: wikipedia

Australia
The company maintains a conservative capital structure, and has investment-grade credit ratings
Dividend has increased at an average rate of 14% per year
Diversified group of high-quality tenants
No single tenant represents more than 7.2% of revenue
Major tenants include CenturyLink, IBM, Facebook, AT&T, and Morgan Stanley

April 4, 2015

Digital Realty Trust (NYSE: DLR)

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