Higher REIT dividends expected as companies raise $33 billion

01/18/2010 | Bloomberg Businessweek

Public Storage, Annaly Capital Management and Inland Real Estate are among a dozen mortgage and property REITs that raised a total of $33 billion last year and are now poised to increase dividends, according to data compiled by Bloomberg. The average net income from property-owning REITs dropped 73% in the first nine months of last year, forcing many REITs to cut or suspend payouts.

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