Tag: REIT
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W.P. Carey (WPC) increases dividend by 0.2%
This falls in the any increase is better than no increase category. W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.069 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend is payable on July 14, 2023…
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Realty Income (O) increases dividend by 0.2%, it’s 121st annual increase
It ain’t nuttin… but it’s close to it. Regardless I’d rather see any increase than none at all. All kidding aside, Realty Income has a healthy 5% dividend yield so it’s still a quality dividend stock with a great track record. Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced its…
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KKR Real Estate Finance Trust (KREF) dividend at risk
KKR Real Estate Finance Trust (KREF), a commercial mortgage REIT, is encountering difficulties due to its office loan exposures. Recent financial filings have raised concerns about dividend safety and future performance. KREF owns a diverse portfolio of $8 billion in loans secured by multifamily, office, industrial, life science, and hospitality properties. It employs a mix…
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Arbor Realty Trust (ABR) increases dividend by 5%
Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the first quarter ended March 31, 2023. Arbor reported net income for the quarter of $84.3 million, or $0.46 per diluted common share, compared to net income of $64.1 million, or $0.40 per diluted common share for the quarter ended March 31, 2022. Distributable earnings for the quarter was $122.2 million, or $0.62 per diluted common…
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Arbor Realty Trust (ABR) forecloses on Applesway Investment Group’s Texas apartments
The rapid rise in interest rates are pummeling real estate investment companies with adjustable rate loans. In Applesway’s case, at one property, the interest rate on the loan skyrocketed from 3.4% to about 8%. Two of their properties were also heavily leveraged with 80% debt. Arbor Realty Trust’s stock is down around 47% from a…
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CareTrust REIT raises dividend by 1.8%, 9th straight year
CareTrust REIT, Inc. (CTRE) announced today that its Board of Directors has increased its quarterly common stock cash dividend from $0.275 to $0.28 per common share. The current dividend will be payable to common stockholders of record as of the close of business on March 31, 2023 and management affirmed that the company plans to…