What I Am Buying Today.

[crimsonghost747]

(02-18-2022, 01:27 PM)Dividends from Scratch Wrote:

Quote: Any idea why? The residential real estate market has been on fire recently, the macro side is absolutely fantastic. (apart from the high inflation numbers)

No idea. TBH, $EQR and $ESS were also very weak in the dividend growth department.  Maybe it has something to do with the fact that they're heavily exposed to coastal regions (and the associated regulatory risks). Sunbelt residential REITs did much better ($CPT for example hiked its dividend 13% a few months ago, and I think $MAA also did well).

Anyway, no more residential REITs for me. They're now very expensive and the yield/growth is too low.

I did some relatively extensive research between ESS, AVB and MAA about a year ago or so. Ended up buying MAA and it's the only one I've followed since then. Their most recent dividend increase was in the 6% range, which is something that I'm ok with. Their results could have warranted a larger raise, but I'm very happy with the "lets take it steady and see" approach.

That is why I was interested in seeing what on earth is going on with AVB, since it was my #2 on the list and I have to say that I did not see them stalling the dividend raises in this environment.