NEW YORK CITY-Landlords are giving bigger dividends as the REIT industry is celebrating its 50th anniversary. Some of the largest real property companies such as Kimco Realty Corp., Simon Property Group Inc. and Nationwide Health Properties Inc. have increased their quarterly earnings this month.
Since the earnings of REIT are improving, investors are expecting an increase in dividends in the future. From the start of this year, nearly 37 REITs have increased their earnings and 7 have cut their earnings.For the full story, go to Wall Street Journal.
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