It’s no secret that income investors have a special fondness for real estate stocks. Often structured as real estate investment trusts (REITs), these companies pass the rental income they earn from their real estate portfolio to shareholders in the form of generous dividend payments. To some investors, though, the centuries-old landlord business model used by most real estate companies today might seem a bit boring. However, keep in mind that landlords can own more than just office buildings, apartment complexes, and shopping centers. With the right type of assets, a REIT could be operating at the frontier of technology. Sounds too good to be true? Well, let me explain...
The company in question is Uniti Group Inc (NASDAQ:UNIT), a REIT headquartered in Little Rock, Arkansas. As I mentioned earlier, this is not your average mall REIT or office REIT. Instead, Uniti Group focuses on the acquisition and construction of mission-critical communications infrastructure. A REIT that owns shopping centers rents its properties to retailers. A REIT that owns healthcare properties has healthcare operators as its tenants. But what about Uniti? Well, as of September 30, 2018, Uniti owns 5.4 million fiber strand miles and around 850 wireless towers, in addition to other communications real estate across the U.S. and Latin America.
Source: Income Investors
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