By: Dividend Sensei
This REIT is one of the best companies to potentially profit from what JPMorgan thinks could be a phenomenal year for value in the U.S.
It’s cash flow this year has held up better than almost any REIT in America.
FFO is expected to have fallen 4% in 2020 but AFFO should have surged by 23% due to sharp spending cuts, protecting a generous, safe, and steadily growing dividend.
Analysts expect it to grow at historical rates in the future, which when combined with its 33% discount to fair value, mean 5-year consensus return potential that’s 4X that of the S&P 500.