Daily dividend news for investors in dividend stocks
Published Thu, 28 May 2020 12:23:16 -0400 on Seeking Alpha
Did the rent get paid? Rent collection and dividend cuts were the primary themes of the most newsworthy and consequential REIT earnings season since the Great Financial Crisis.
Rent collection was largely a non-issue for residential REITs, who collected over 95% of April rents. Industrial, office, self-storage, and healthcare rent collection metrics were similarly strong.
Economic shutdowns ravaged the economically-sensitive property sectors and punished highly-levered REITs. 50 equity REITs - primarily retail and lodging REITs - announced a cut or suspension of their dividends.
2020 was poised to be a solid year of growth for REITs prior to the pandemic. Even with a faster-than-expected reopening, fundamental metrics are likely to be the weakest since at least 2009.
Equity and Mortgage REITs have rebounded significantly in recent weeks, but sector-level selectivity remains especially critical. "Essential" sectors like residential, industrial, and technology will bifurcate from troubled sectors.
Real Estate Earnings Recap
Did the rent get paid? Rent collection and dividend cuts were the primary themes of the most newsworthy and consequential REIT earnings season since the Great Financial Crisis. In this Real Estate Earnings Halftime Report, we break down rent collection statistics for every property sector and analyze the recently released NAREIT T-Tracker data to review the REIT fundamentals over the past quarter and forecast what they could mean for the rest of 2020.
(Hoya Capital Real Estate, Co-Produced with Brad Thomas)
Earnings season is now officially complete for the equity and mortgage REIT sectors with a few late-reporting stragglers reporting results this week. While the real estate sector is far from out of the woods - and several troubled REIT sectors are still very much in the thick of it - REIT earnings season was a pleasant surprise for many investors expecting the worst. Rent collection proved to be largely a... Read more
Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
CBL & ASSOCIATES PROPERTIES | 1.38 | 0.0 | -0.95 | 0.35 | 27.34 | |||||||
ARLINGTON ASSET INVESTMENT | 5.55 | 0.0 | -1.21 | 0.90 | 16.58 | |||||||
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST | 5.68 | 0.0 | -1.81 | 0.84 | 14.58 | |||||||
ANNALY CAPITAL MANAGEMENT | 8.60 | 0.0 | -3.32 | 1.20 | 14.00 | |||||||
NEW RESIDENTIAL INVESTMENT | 14.98 | 18.0 | 0.83 | 2.00 | 13.28 | |||||||
ANWORTH MORTGAGE ASSET | 3.39 | 0.0 | -0.98 | 0.44 | 13.17 | |||||||
NEW YORK MORTGAGE TRUST | 6.14 | 12.0 | 0.51 | 0.80 | 12.74 | |||||||
AMERICAN CAPITAL AGENCY | 15.64 | 0.0 | -1.54 | 1.92 | 12.21 | |||||||
DYNEX CAPITAL | 15.16 | 0.0 | -10.26 | 1.80 | 12.06 | |||||||
ARMOUR RESIDENTIAL REIT | 17.26 | 0.0 | -9.30 | 2.04 | 12.03 | |||||||
INVESCO MORTGAGE CAPITAL | 15.18 | 0.0 | -1.01 | 1.80 | 11.80 | |||||||
AG MORTGAGE INVESTMENT TRUST | 17.47 | 6.1 | 2.87 | 1.90 | 10.89 | |||||||
MFA FINANCIAL | 7.39 | 10.4 | 0.71 | 0.80 | 10.81 | |||||||
CHIMERA INVESTMENT | 19.57 | 21.5 | 0.91 | 2.00 | 10.23 | |||||||
APOLLO COMMERCIAL REAL ESTATE FINANCE | 19.35 | 12.6 | 1.54 | 1.84 | 9.57 | |||||||
ARBOR REALTY TRUST | 12.77 | 9.1 | 1.40 | 1.16 | 9.21 | |||||||
MACERICH | 33.33 | 43.9 | 0.76 | 3.00 | 8.91 | |||||||
ALPINE GLOBAL PREMIER PROPERTIES FUND | 6.15 | 0.0 | 0.00 | 0.00 | 7.95 | |||||||
NUVEEN DIVERSIFIED DIVIDEND AND INCOME FUND | 11.08 | 0.0 | 0.00 | 0.00 | 7.75 | |||||||
HERSHA HOSPITALITY TRUST | 15.01 | 0.0 | -0.54 | 1.12 | 7.42 | |||||||
ASHFORD HOSPITALITY TRUST | 3.22 | 0.0 | -1.82 | 0.24 | 7.34 | |||||||
PREFERRED APARTMENT COMMUNITIES | 14.60 | 0.0 | -1.61 | 1.05 | 7.19 | |||||||
NUVEEN REAL ESTATE INCOME FUND | 10.71 | 0.0 | 0.00 | 0.00 | 6.99 | |||||||
BLACKSTONE MORTGAGE TRUST | 36.16 | 14.5 | 2.49 | 2.48 | 6.94 | |||||||
CITY OFFICE REIT | 13.89 | 0.0 | -0.39 | 0.94 | 6.92 | |||||||
OMEGA HEALTHCARE INVESTORS | 41.16 | 32.4 | 1.27 | 2.64 | 6.57 | |||||||
SUMMIT HOTEL PROPERTIES | 12.04 | 13.8 | 0.87 | 0.72 | 6.18 | |||||||
EPR PROPERTIES | 77.15 | 22.8 | 3.38 | 4.50 | 5.84 | |||||||
BRIXMOR PROPERTY GROUP | 19.68 | 16.5 | 1.19 | 1.12 | 5.68 | |||||||
KIMCO REALTY | 20.39 | 25.5 | 0.80 | 1.12 | 5.57 | |||||||
PHYSICIANS REALTY TRUST | 17.27 | 61.7 | 0.28 | 0.92 | 5.36 | |||||||
MEDICAL PROPERTIES TRUST | 18.94 | 7.3 | 2.61 | 1.04 | 5.30 | |||||||
INDEPENDENCE REALTY TRUST | 14.04 | 35.1 | 0.40 | 0.72 | 5.25 | |||||||
PEBBLEBROOK HOTEL TRUST | 28.65 | 0.0 | -0.41 | 1.52 | 5.23 | |||||||
NATIONAL HEALTH INVESTORS | 82.87 | 23.1 | 3.59 | 4.20 | 5.14 | |||||||
HANNON ARMSTRONG | 27.95 | 32.5 | 0.86 | 1.34 | 4.96 | |||||||
MONMOUTH REAL ESTATE INVESTMENT | 14.31 | 0.0 | -0.03 | 0.68 | 4.86 | |||||||
ARMADA HOFFLER PROPERTIES | 18.04 | 53.1 | 0.34 | 0.84 | 4.75 | |||||||
LTC PROPERTIES | 49.71 | 18.6 | 2.67 | 2.28 | 4.63 | |||||||
HOST HOTELS & RESORTS | 17.08 | 11.5 | 1.48 | 0.80 | 4.59 | |||||||
HEALTHCARE TRUST OF AMERICA | 28.29 | 27.5 | 1.03 | 1.26 | 4.45 | |||||||
CORESITE REALTY | 116.12 | 54.5 | 2.13 | 4.88 | 4.43 | |||||||
GETTY REALTY | 32.62 | 27.6 | 1.18 | 1.40 | 4.40 | |||||||
LEXINGTON REALTY TRUST | 10.09 | 8.4 | 1.20 | 0.41 | 4.10 | |||||||
AMERICAN CAMPUS COMMUNITIES | 47.29 | 78.8 | 0.60 | 1.88 | 4.05 | |||||||
INVESTORS REAL ESTATE | 71.99 | 0.0 | 0.00 | 2.80 | 3.93 | |||||||
ACADIA REALTY TRUST | 29.00 | 63.0 | 0.46 | 1.12 | 3.88 | |||||||
LIFE STORAGE | 103.91 | 23.2 | 4.47 | 4.00 | 3.87 | |||||||
NATIONAL RETAIL PROPERTIES | 54.39 | 35.8 | 1.52 | 2.06 | 3.81 | |||||||
REALTY INCOME | 74.49 | 56.9 | 1.31 | 2.72 | 3.69 | |||||||
CUBESMART | 35.29 | 37.5 | 0.94 | 1.28 | 3.65 | |||||||
DIGITAL REALTY | 126.53 | 116.1 | 1.09 | 4.32 | 3.38 | |||||||
LIBERTY PROPERTY TRUST | 51.36 | 16.1 | 3.19 | 1.64 | 3.21 | |||||||
AGREE REALTY | 72.00 | 40.4 | 1.78 | 2.28 | 3.20 | |||||||
EXTRA SPACE STORAGE | 117.00 | 34.7 | 3.37 | 3.60 | 3.11 | |||||||
FEDERAL REALTY INVESTMENT TRUST | 135.76 | 40.4 | 3.36 | 4.20 | 3.00 | |||||||
CAMDEN PROPERTY TRUST | 108.97 | 66.4 | 1.64 | 3.20 | 2.91 | |||||||
BOSTON PROPERTIES | 133.43 | 39.0 | 3.42 | 3.80 | 2.90 | |||||||
AVALONBAY COMMUNITIES | 209.53 | 31.6 | 6.62 | 6.08 | 2.89 | |||||||
EQUITY RESIDENTIAL | 85.36 | 42.7 | 2.00 | 2.27 | 2.69 | |||||||
DUKE REALTY | 32.39 | 49.8 | 0.65 | 0.86 | 2.66 | |||||||
ALEXANDRIA REAL ESTATE EQUITIES | 153.38 | 44.2 | 3.47 | 4.00 | 2.64 | |||||||
CYRUSONE | 74.17 | 0.0 | -0.69 | 2.00 | 2.53 | |||||||
ESSEX PROPERTY TRUST | 324.02 | 52.2 | 6.21 | 7.80 | 2.43 | |||||||
NEXPOINT RESIDENTIAL TRUST | 46.28 | 0.0 | -0.72 | 1.10 | 2.42 | |||||||
FIRST INDUSTRIAL REALTY TRUST | 39.03 | 34.2 | 1.14 | 0.92 | 2.39 | |||||||
EASTGROUP PROPERTIES | 125.56 | 50.2 | 2.50 | 3.00 | 2.34 | |||||||
EQUITY LIFESTYLE PROPERTIES | 132.21 | 44.7 | 2.96 | 2.45 | 1.90 | |||||||
AMERICAN TOWER | 218.85 | 66.3 | 3.30 | 3.68 | 1.70 | |||||||
ISHARES COHEN & STEERS REALTY MAJORS INDEX FUND | 118.41 | 0.0 | 0.00 | 0.00 | 0.00 |