[ad_1]
Apartment real estate investment trusts (REITs) have emerged as a strategic investment route for Millennials and Gen Z, who face the challenge of achieving homeownership and prefer renting over buying. Here are his two REITs that these generations can use to navigate the evolving real estate market through this alternative.
UDR
UDR (NYSE:UDR), also known as United Dominion Realty Trust, owns or owns more than 51,000 high-quality multifamily homes in some of the most attractive markets in the Northeast, Mid-Atlantic, Sunbelt, and West Coast regions. I own it. Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, Washington DC
UDR currently pays a quarterly dividend of $0.42 per share, which equates to an annual dividend of $1.68 per share, yielding approximately 4.6% at the time of writing. In addition to its high yield, UDR is also a company that consistently increases dividends. The company has increased its annual dividend for 14 consecutive years, and with the recent increase, it is on pace to increase its dividend for the 15th consecutive year in 2024.
Do not miss it:
Central American Apartment Communities
Central American Apartment Communities (NYSE:MAA) owns or owns approximately 102,000 multifamily housing units in the Sunbelt, a high-growth region of the United States that includes Atlanta, Dallas, Tampa, Orlando, Charlotte, Austin, Nashville and Houston.
MAA currently pays a quarterly dividend of $1.47 per share, which equates to an annual dividend of $5.88 per share, yielding approximately 4.5% at the time of writing. Like UDR, MAA is also a company that consistently increases its dividend. The company has increased its annual dividend for 13 consecutive years, and with the recent increase, it is on pace to increase its dividend for the 14th consecutive year in 2024.
the house you arrived at
You can also learn about the benefits of home ownership through “Home Arrived.”
Arrived is an alternative investment platform backed by Jeff Bezos and Dara Khosrowshahi that makes it easy for individuals to invest in real estate by buying shares in rental properties. Investors on this platform can earn passive income through rental income as they watch the value of the property they invest in increase in value over time.
Read next:
Image credit: Shutterstock
“The Active Investor’s Secret Weapon” Step up your stock market game with the #1 News & Everything else trading tool: Benzinga Pro – Click here to start your 14-day trial now!
Want the latest stock analysis from Benzinga?
This article is about the time to invest in multifamily housing as homeownership is slipping out of reach.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
[ad_2]
Source link
