U.S. Equity REIT – Events of the week (31 Jul – 7 Aug 2015)


American Realty Capital Properties, which became VEREIT (NYSE:VER), announced it would resume the distribution of dividends. The new quarterly dividend of $0.1375 per share will be paid the first time on October 15, 2015. Based on Friday’s close, VEREIT has a dividend yield of 6.3 percent.

Federal Realty (NYSE:FRT) increased the dividend rate by 8 percent, declaring a quarterly dividend of $0.94 per share, resulting in an annualized rate of $3.76 per share. This increase represents the 48th consecutive year that Federal Realty has increased its common dividend, the longest record of consecutive annual dividend increases in the REIT sector.

Excel Trust (NYSE:EXL) ceased trading on July 31 following the close of its sale to Blackstone.

Sabra Health Care (NYSE:SBRA) increased quarterly dividend by 5.1 percent from $0.39 to $0.41 per share.

Community Healthcare Trust Incorporated (NYSE: CHCT) announced its first dividend of $0.142 per share (annualized dividend of $1.50 per share), equating to an 8.2 percent dividend yield.

Rexford Industrial Realty (NYSE:REXR) increases quarterly dividend by 12.5 percent from $0.12 to $0.135 per share.

Ryman Hospitality Properties (NYSE:RHP) boosted its Q3 dividend by 7.7 percent from $0.65 to $0.70 per share. The forward yield is now 5.3 percent.

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