Real estate is a great income-producing asset. There’s a more passive alternative to purchasing physical real estate privately, that provides superior diversification and liquidity. I invest for real estate income through REITs. I invested in a REIT that focuses on California and Seattle residential real estate. I will be now receiving dividends from West-Coast apartments. That’s totally passive real estate income.
Essex Property Trust (ESS) is a Dividend Aristocrat apartment REIT with a heavy focus on the West Coast markets.
The company has managed to grow NOI, FFO, and dividends over a long period of time.
This has translated into great shareholder returns through capital appreciation and most importantly – rising dividend income that grew throughout the great financial crises.
Although the company faces some Covid-related headwinds, it recently reported just 2.6% cash delinquencies for July-August rent and a 96%+ occupancy ratio.
The company is still positioned strongly to keep growing its profits and shareholder distributions.
Keep reading the full analysis here>>>
Disclaimer: I hold a long position in ENB. This is NOT a recommendation to buy or sell any shares. You can lose a part of or all your invested capital.I am not responsible for the accuracy of any of the figures presented in the article. I am not a financial professional of any kind. Any stock transactions or analysis published should NOT be considered to be investing recommendations. Before making any investing or financial decisions, contact an appropriate professional.This website should be viewed for entertainment purposes only.
