NETL - Retail REITs post highest dividend hikes in November

Retail REITs posted the highest dividend hikes in November, with Kite Realty Group ( KRG ) raising dividend by 9.1% and Brixmor Property Group ( BRX ) by 8.3% , according to a report by S&P Global Market Intelligence.

Eight U.S. REITs announced dividend hikes in the month of November, the data showed.

LXP Industrial Trust ( LXP ) posted the third highest dividend hike, followed by another retail REIT Regency Centers ( REG ).

Simon Property Group ( SPG ) increased its dividend by 2.9%, Four Corners Property Trust ( FCPT ) by 2.3% , Broadstone Net Lease ( BNL ) by 1.9% and Universal Health Realty Income Trust ( UHT ) by 0.7% .

Meanwhile, five Canadian REITs posted a dividend hike during the month, with residential REITs posting the highest hikes, according to the Market Intelligence data.

InterRent Real Estate Investment Trust (IIP.UN:CA) posted the highest dividend hike of 5.3%, followed by Flagship Communities Real Estate Investment Trust (MHC.UN:CA) of 4.9%.

YTD, about 56.8% of the entire U.S. REIT industry, i.e. 92 companies, have announced dividend hikes.

In the case of Canadian REITs, a total of 14 companies have announced dividend increases YTD.

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