Tag: Real Estate
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Medical Properties Trust (MPT) announces lease of Steward Health to CommonSpirit Health
This agreement should take some of the revenue pressure off of Medical Properties Trust thereby reducing the chance of a dividend reduction in the future. More will have to be learned when Medical Properties reports their earnings later in the month. Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has…
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Realty Income (O) logs 119th dividend increase since 1994
Realty Income Corporation (O), The Monthly Dividend Company®, today announced its Board of Directors has declared an increase in the company’s common stock monthly cash dividend to $0.2545 per share from $0.2485 per share. The dividend is payable on March 15, 2023, to stockholders of record as of March 1, 2023, and represents a 3.2% increase over the year-ago…
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Public Storage makes $11 billion unsolicited all-stock offer for Life Storage, Inc.
Public Storage said it sent a letter to Life Storage’s management on Sunday detailing its all-stock proposal, worth about $129 a share, confirming an earlier report by The Wall Street Journal. Life Storage shares closed Friday at $110.58. The deal would have a so-called enterprise value, which includes net debt, of roughly $15 billion and…
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Public Storage increases dividend by 50%
This increase is their first since 2016. The yield jumps from about 2.7% to 3.9% Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company’s regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company’s regular common dividend…
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CorEnergy (CORR) Suspends Dividend
CorEnergy Infrastructure Trust, Inc. (CORR) issued a press release this morning announcing the suspension of their dividend for the time being. This means income investors like me have to scramble to get out of the stock before the price drops too much from other investors jumping ship. As of today it’s down 12% which is…
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Company Focus – KKR Real Estate (KREF)
Specs KKR Real Estate Finance Trust Share Price – 21.95 Financials / Mortgage REIT Market Cap – $1.34 billion P/E – 10.3 Dividend Yield – 7.84% Dividend Streak – 3 Yrs Current as of January 20, 2022 Company Profile KKR Real Estate Finance Trust Inc. is a real estate finance company. The Company focuses primarily…