Long-Term Rewards: 3 REITs That Just Increased Dividends and Extended Their Streaks (ADC, GTY, CHCT)

In a positive development for investors, three high-quality real estate investment trusts (REITs) announced dividend increases in recent weeks. Investors should take note of REITs that are increasing their dividends because this typically indicates strong financial health and stable cash flow, which are key for finding stocks that provide reliable income streams over the long term.

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Let’s examine each REIT to see if there's room in your portfolio for one.

Agree Realty Corporation

Agree Realty Corporation ADC is one of the largest owners and managers of retail properties in the United States, including community shopping centers, warehouse clubs, convenience stores, quick-service restaurants and car dealerships. As of Sept. 30, its portfolio comprised 2,271 properties containing approximately 47.2 million square feet across 49 states.

On Oct. 10, Agree Realty announced a 1.2% increase to its dividend. It now pays a monthly dividend of $0.253 per share, which results in an annualized dividend of $3.036 per share and gives its stock a 4.1% yield at the time of this writing.

Agree Realty has been delivering dividend growth to its shareholders for over a decade. It has raised its annual dividend payment for 11 consecutive years and its recent hikes, including a 2.9% hike in April and the one noted above, have it on pace for 2024 to mark the 12th consecutive year with an increase.

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Getty Realty 

Getty Realty GTY is one of the largest owners and managers of free-standing convenience and automotive retail properties in the United States. As of Sept. 30, its portfolio comprised 1,108 free-standing properties across 42 states and Washington, D.C.

On Oct. 22, Getty Realty announced a 4.4% increase in its dividend. It now pays a quarterly dividend of $0.47 per share, which results in an annualized dividend of $1.88 per share and gives its stock a 5.8% yield at the time of this writing.

Like Agree Realty, Getty Realty is a dividend-growth star. It has raised its annual dividend payment each of the last 11 years and its last two hikes, including a 4.7% hike in October 2023 and the one noted above, have it on pace for 2024 to mark the 12th consecutive year with an increase.

Community Healthcare Trust

Community Healthcare Trust CHCT owns and manages a portfolio of health care properties, including medical office buildings, physician clinics and surgical centers, across target markets in the United States. As of June 30, its portfolio comprised 198 properties containing approximately 4.5 million square feet.

On Oct. 24, Community Healthcare Trust announced a 0.5% increase to its dividend. It now pays a quarterly dividend of $0.465 per share, which results in an annualized dividend of $1.86 per share and gives its stock a 10.4% yield at the time of this writing.

Community Healthcare Trust has one of the most impressive track records of dividend growth in the health care REIT industry. It has raised its dividend every quarter since its initial public offering in May 2015, which puts it on track for 2024 to mark the ninth consecutive year with an increase.

Better Yields Than Some REITs?

The current interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.

Arrived Homes, the Jeff Bezos-backed investment platform, has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in August. The best part? Due to high demand the maximum investment amount is currently $5,000 with a minimum investment of ONLY $100.

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Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.