3 High-Yield REITs With The Best Total Return Over The Past Three Months
Portfolio Pulse from Kevin Vandenboss
Three high-yield REITs, SL Green Realty Corp. (SLG), Highwoods Properties Inc. (HIW), and Newlake Capital Partners Inc. (NLCP), have shown impressive total returns over the past three months, driven by factors like Fed cut hopes and strong operational performance. SLG and HIW reported mixed Q4 results but maintained strong dividend yields and FFO coverage, while NLCP, focusing on cannabis industry leases, also demonstrated robust returns and dividend growth despite its high payout ratio.
February 13, 2024 | 3:00 pm
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POSITIVE IMPACT
Highwoods Properties Inc. exceeded Q4 FFO estimates and maintains a healthy dividend yield, supported by a solid payout ratio and occupancy rates.
HIW's better-than-expected Q4 FFO and consistent dividend payments, backed by a solid payout ratio, indicate a positive outlook for the stock.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Newlake Capital Partners Inc. shows strong total return and dividend growth, focusing on the cannabis industry, despite a high payout ratio.
NLCP's focus on the growing cannabis industry and aggressive dividend growth strategy, despite a high payout ratio, positions it for potential growth.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SL Green Realty Corp. reported mixed Q4 results but provided strong FFO guidance for 2024, maintaining a high dividend yield despite recent cuts.
SLG's strong FFO guidance for 2024 and stable dividend yield, despite recent cuts, suggest potential for continued investor interest and stock stability.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90