Andrii Yalanskyi
A total of 8 U.S. REITs are said to have reported dividend hikes in August.
Hotel REIT Sunstone Hotel Investors (SHO) declared the highest increase in dividend during the month, having raised its quarterly dividend by 40% to $0.07, according to a report by S&P Global Market Intelligence.
Industrial REIT Terreno Realty (TRNO) followed, with a quarterly dividend hike of 12.5% to $0.45.
August dividend raises bring the year-to-date total to 59 U.S. REITs having raised dividends.
Industrial REITs posted the most dividend hikes in 2023 among subsectors, with 63.6% of the entire industrial REIT segment posting dividend raises, the report showed.
A total of 60% of REITs in both the residential and self-storage sectors declared dividend raises during the year.
