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Invest Like Donald Trump in This REIT Wading Into Trump's Favorite Markets
Donald Trump's fortune was built on real estate. After inheriting part of his father's real estate business, he expanded his business through strategic real estate deals, hotel development and branding.
Trump has also dabbled in the entertainment industry, including his hit showThe Apprentice) and his social media apps.Truth SocialThe company has recently been listed through SPAC and is now known asTrump Media & Technology Group Inc.(Trump) Media & Technology Group Corp.
Investing in real estate is not as easy as it used to be, especially with the rise in interest rates in recent years. However, investors can explore other ways to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
So how can you invest like Donald Trump? His investment portfolio is highly concentrated in two states - New York and Florida. Let's take a look at a REIT that has exposure to both markets.
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Avalon Bay Community
AvalonBay Communities(NYSE: AVB) owns or holds title to 299 apartment communities in 12 U.S. states and the District of Columbia with more than 90,000 apartment homes, including 18 communities under development. In its most recent investor presentation, the company listed New York as one of its "Mature Areas" and Florida as one of its "Expanding Areas".
AvalonBay currently pays a quarterly dividend of $1.70 per share, which translates to an annualized dividend of $6.80 per share and a stock yield of approximately 3.8% as of this writing.
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In addition to its high yield, AvalonBay is a dividend growth star. It has raised its annual dividend 11 times in the past 13 years, including a 3% increase in January of this year.
Another Way to Invest Like Donald Trump
You can also start investing in real estate for as little as $100 by using real estate crowdfunding platforms like Arrived Homes, backed by Jeff Bezos and Dara Khosrowshahi, just like Donald Trump. Through real estate crowdfunding platforms, you can connect with other investors, pool your money to buy real estate, and generate passive real estate income.
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This article, "Invest Like Donald Trump: This REIT Wades Into Trump's Favorite Market" originally appeared on Benzinga.com.
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