The pleasure of passive income is no secret: a stream of steady cash coming in each month or quarter through no more effort than committing some cash to the asset that generates it. It's also no secret that real estate is a great place to invest for passive income. The market itself has been anything but passive, though, especially in residential real estate, the sector that perhaps most lends itself to the non-institutional, individual investor. A good place to look is real estate investment trusts (REITs) that specialize in residential properties.
When considering what stocks are best for a retiree, the first question might be, why stocks at all? Real estate investment trusts (REITs) are a natural segment to look for this kind of and four of them stand out as excellent options for retirees.
SAN MATEO, Calif., May 11, 2022--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.20 per common share, payable July 15, 2022 to shareholders of record as of June 30, 2022.