Real Estate Investment Trusts, or REITs, are often favorites
of dividend growth investors due to their high yields. By law, REITs must
distribute at least 90% of their taxable income in the form of dividends to
shareholders. While many are familiar with REITs that specialize in retail
space, medical office buildings or assisted living centers, one under-owned
area of real estate is that of the information technology space. And one
company that investors should know in this space is Digital Realty Trust (DLR).
Company Overview
DLR purchases and develops properties for technological use.
The company’s properties are made up of data centers used for cloud computing,
technology manufacturing sites and Internet gateway data centers that are used
to transmit data among major metro areas.
DLR leases these facilities to companies needing this very
advanced technology. DLR has more than 200 properties around the world, with
more than 150 of them located in the United States.
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