Amazon’s landlord
The first one is STAG Industrial, a REIT that owns and operates single-tenant industrial properties throughout the U.S. Its biggest tenant is $Amazon (AMZN.US)$ .
The company’s portfolio consists of 517 buildings totaling approximately 103 million rentable square feet across 40 states.
Note that 434 of the 517 properties are warehouses, which happen to be an essential part of e-commerce.
Moreover, a tenant survey in 2020 revealed that around 40% of the REIT’s portfolio handles e-commerce activity.
Since the company went public in 2011, it has paid a higher dividend every single year.
While most dividend-paying companies follow a quarterly distribution schedule, $Stag Industrial Inc (STAG.US)$ pays shareholders every month. The monthly dividend rate stands at 12.08 cents per share, which translates to an annual yield of 3.4%.
$Stag Industrial Inc (STAG.US)$ Industrial shares are up 48% over the past year.
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