Buy These Top Industrial REITs for Their Yields and Track Records of Dividend Growth - Prologis (NYSE:PLD), Rexford Industrial Realty (NYSE:REXR)
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Industrial real estate investment trusts (REITs) own and manage income-generating industrial properties, such as warehouses, distribution centers, logistics facilities, and manufacturing plants. Investors in industrial REITs can benefit from the demand for space in the logistics and manufacturing sectors. Rexford Industrial Realty is one of the largest pure-play industrial REITs, with a portfolio of 422 properties containing approximately 49.1 million square feet. It currently pays a quarterly dividend of $0.4175 per share, with a yield of about 3.3%. Prologis Inc. is one of the world's largest owners, developers, and managers of industrial properties, with ownership interests in approximately 1.2 billion square feet across the globe. Its largest clients include industry giants like Amazon, FedEx, Home Depot, and UPS. Prologis currently pays a quarterly dividend of $0.96 per share, with a yield of about 3%.
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