Just a quick update on one of my favorite REIT’S:
Plaza Reit PLZ.UN just increased their dividend for the 15th consecutive year! Plaza is one of 2 REIT’S I currently own, and was the first REIT I ever purchased. Although the retail REIT’s are getting beat up pretty good with the Amazon/online threat, I still like Plaza for the medium to long term as they have a proven history of responsibly increasing their dividends/growing their business.
Some Highlights from the press release today:
The dividend raise today gives me an extra $10.89 per year in dividends (which will be dripped into more shares).
Plaza is currently trading at $4.36 (very close to it’s 52 Week low) and has traded as high as 5.18 this year. I think Plaza is still undervalued and anytime the price is below 4.50 is a great buy. At the current price Plaza Yields 6.3%.
The best thing about dividend growth investing is when dividend increases are announced! It’s nice to stumble upon a site that talks about REIT investing, I hold a handful of REIT’s myself (OHI, WPC, JCAP, LADR) and I love the dividends as well.
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Agreed – nothing better than the monthly Drips & even better when the amount dripped keeps growing!
Only REIT’S I own now are Artis & Plaza, however I did own OneReit and Edgefront for a while.
I’m looking at CAR.UN and a few others as well for my next REIT.
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Congrats on the raise 🙂
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Thanks Matt!
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Perfect! I added some Plaza REIt to my position this summer when it dropped to $4.35. I like their properties and their tenants. Congrats to both of us 😉
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