Realty Income is a REIT that is famous for its impressive dividend growth history and its monthly dividend payments. The trust owns more than 4,000 retail properties, with an eye-opening occupancy rate of approximately 99%.
Realty Income has grown its funds from operations (FFO) per share every single year over the last decade. This is an admirable achievement, especially given the fierce recession caused by the pandemic in 2020.
The trust invests in west coast multifamily residential proprieties where it engages in development, redevelopment, management and acquisition of apartment communities and a few other select properties.
Essex has grown at an impressive pace since its foundation thanks to the strong west coast property market. The REIT has issued a great number of shares but it has managed to grow its FFO at a faster pace.
Federal Realty is one of the largest REITs in the U.S. It was founded in 1962 and focuses on high-income, densely populated coastal markets in the U.S., which allow the trust to charge more per square foot than most of its peers.