3 REITs That Should Survive Dividend Cuts In A Bad Recession [Yahoo! Finance News]
Essex Property Trust, Inc. (ESS)
Last essex property trust, inc. earnings: 1/29 04:15 pm
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Source: Yahoo! Finance News
Although there’s been more positive inflation news lately, fears of a subsequent recession continue.Tech companies such asMeta Platforms Inc.Tesla Inc.Oracle Corp.Microsoft Corp.Recessions, like inflation, can do real damage to real estate investment trusts (REITs) as tenants stop paying rent or space goes vacant. And when REITs lose revenue and funds from operations (FFO) decline, dividend cuts are sometimes possible.But many REITs survive the worst and manage to adapt during any economic cycle without cutting dividends. Here are three REITs from different subindustries that, based on their dividend history, earnings and other factors, should survive dividend cuts even through a bad recession:Federal Realty Investment TrustFederal Realty Investment Trust holds the REIT record for annual dividend increases of 55 years and counting. It recently increased its quarterly dividend from $07 to $08, and the $32 annual dividend yields 4%. The dividend is well covered by annual FFO of $6.28, a
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News
- Essex Property Trust, Inc. (NYSE: ESS) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Essex Property Trust, Inc. (NYSE: ESS) had its price target lowered by analysts at Truist Financial Co. from $259.00 to $255.00. They now have a "hold" rating on the stock.MarketBeat
- Essex Property Trust, Inc. (NYSE: ESS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Essex Announces Release and Conference Call Dates for Its First Quarter 2024 EarningsBusiness Wire
- Essex Property Trust: A Dividend Aristocrat Worth Buying Now [Seeking Alpha]Seeking Alpha
ESS
Earnings
- 2/6/24 - Beat
ESS
Sec Filings
- 3/28/24 - Form DEF
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form ARS
- ESS's page on the SEC website