This Elite Financial King Could See Payout Growth Hit 7% By 2028

Federal Realty (NYSE: FRT) is actually fairly small real estate investment trust (REIT) compared to its competitors, with a portfolio of only about 100 or so properties. Even so, this strip mall and mixed-use property owner has long focused on quality over quantity. That's allowed it to build an enviable dividend track record, with its 58 consecutive annual dividend increases, which makes it a Dividend King. That is, by far, the longest streak in the REIT sector.Here's why this high-yield stock could become increasingly attractive to dividend investors over the next couple of years.As noted, Federal Realty owns strip malls, which are a relatively unexciting asset class, and mixed-use developments, which are somewhat more interesting but still not particularly exciting. There are several key factors that distinguish Federal Realty from its REIT peers. First off, it has a very concentrated portfolio. While many of its competitors lean on acquisitions for growth, Federal Realty takes a different approach.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool