INDS - INDS: Still A Good Pick For Dividend Growth
2024-06-24 16:31:09 ET
Summary
- Pacer Benchmark Industrial Real Estate SCTR ETF focuses on commercial REITs in the industrial sector.
- Commercial REITs seem to carry a stigma lately because of office REITs, but some sub-sectors are actually thriving.
- Industrial REITs have seen growth due to online shopping trends, benefiting from logistics assets close to major highways and ports.
- The fund offers a dividend yield of 4.14% with potential for annualized dividend growth of 8-10%, outperforming other REIT ETFs.
Pacer Benchmark Industrial Real Estate SCTR ETF ( INDS ) is a REIT ETF that specifically focuses on commercial REITs within the industrial sector. I originally covered this fund in an article titled " INDS: Certainly Worth A Look " last year, when I rated it a "buy," but the fund hasn't performed that well since then. The fund is down about -7% since my original coverage, but it seems to be recovering after being down almost -15% back in May....
INDS: Still A Good Pick For Dividend Growth