This Company is Well-Positioned for Another Dividend Increase
The technology sector has produced some of the
fastest-growing companies in today’s stock market. The real estate sector, on
the other hand, is known for its ability to generate a steady stream of rental
income. So what would happen if a company manages to combine technology with real
estate?
Well, you get an income stock with huge dividend growth
potential: Digital Realty Trust Inc (NYSE:DLR).
Digital Realty Trust is a real estate investment trust
(REIT) headquartered in San Francisco, California. Unlike most REITs, the
company doesn’t own apartment buildings, industrial warehouses, or shopping
malls. Instead, it specializes in a very unique type of real estate asset: data
centers.
Right now, Digital Realty Trust owns more than 180 data
center properties in 11 countries on four different continents. It offers a
wide range of data center services, such as colocation, wholesale deployments,
interconnection, and cloud services.
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