Managing a Portfolio is Easy Work
Investment Portfolio management does not have to be something that consumes more than a few minutes every day. Of course, this means you must have the right tools. When I think of my workshop for example, I have several tools that can cut wood. The tools include a bandsaw. This is a very versatile tool that I use quite frequently. Seeking Alpha is my bandsaw for investing.
One reason I like the Seeking Alpha subscription is the daily morning emails I receive. Using the email I can quickly see every morning a “report” of the investments I have in my portfolio and other investments on my watch list. News and ratings can be very important for buying and selling decisions. This morning’s portfolio update showed me why I continue to like and hold shares of two REITS: STOR and LAND.
Dividends, Dividends, Dividends
A primary reason for holding REITS is to get the dividends that flow from these properties. Here are some reasons, via images, that I hold and like LAND and STOR. Note that LAND pays monthly dividends.
Overview of STOR REIT as an Investment
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment, and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers.
Overview of LAND REIT as an Investment
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion. Gladstone Land’s farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.
I own 200 shares of LAND as a long-term investment in my ROTH IRA. Cindie and I own a total of 700 shares of STOR.