Buying This 5.1% Yielding REIT Is A No-Brainer

This REIT is a no-brainer. It has a strong real estate portfolio base that can be expected to throw off cash for many years to come. Importantly, the real estate investment trust's portfolio mix is changing, with more higher-potential industrial properties delivering FFO growth. The stock has wildly outperformed other real estate investment trusts, too, yet remains fairly valued. An investment in it comes with a five percent dividend yield.

Gramercy Property Trust (GPT) has a high-quality real estate portfolio comprising of 318 assets with 66.7 million square feet, mostly industrial. Gramercy manages its real estate base well since the portfolio occupancy rate has remained consistently high. At the end of the March quarter, Gramercy Property Trust's portfolio occupancy rate sat at 98.4 percent with the REIT's core industrial portfolio achieving an even higher occupancy rate of 98.7 percent.

Source: Seeking Alpha

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