Dividend Focus Stock: This Grocery Store Landlord Offers Solid Yield Plus Growth Potential
Real estate that supports defensive industry tenants can be attractive to investors.
You may not know the name, but you surely know the tenants of this real estate business. Our Dividend Informer analysts like the company’s low payout ratio which should enable dividend increases on top of capital appreciation from the underlying growth of the business.
Phillips Edison & Co. is a Real Estate Investment Trust (REIT) focused on neighborhood shopping centers anchored by major grocery stores.
It owns 298 shopping centers in 31 states.
95% of its base rent is generated by grocery-anchored centers. Almost all its grocery tenants are ranked #1 or #2 in their markets. These factors have combined to produce steady shareholder returns.
