(Postal Trust Realty – Properties)

2020 has been a very difficult year for most REITs. The popular Vanguard REIT ETF (VNQ) is still down double digits this year. Retail, commercial, and lodging REITs have been hit the hardest as COVID lockdowns have led to a decline in rental revenue. However, there are a few niche segments of the REIT industry that have been almost entirely unimpacted by the crisis. One of which is Postal Realty Trust (PSTL).

PSTL is one of the most unique REITs on the market. The company has one tenant, the U.S. Postal Service and, currently, owns about 700 properties and 3.9M sqft of postal properties. These properties are all over the country and have a 100% occupancy rate. PSTL is a relatively new REIT that was launched last year and, as you can see below, has had roughly flat performance since inception:

ChartData by YCharts

The

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WHEATON, Ill.–(BUSINESS WIRE)–Oct 13, 2020–

First Trust Energy Income and Growth Fund (the “Fund”) (NYSE American: FEN) has declared the Fund’s regularly scheduled quarterly distribution of $0.30 per share. The distribution will be payable on October 30, 2020, to shareholders of record as of October 23, 2020. The ex-dividend date is expected to be October 22, 2020. The quarterly distribution information for the Fund appears below.





First Trust Energy Income and Growth Fund (FEN):

Distribution per share:

$0.30

Distribution Rate based on the October 12, 2020 NAV of $12.37:

9.70%

Distribution Rate based on the October 12, 2020 closing market price of $9.93:

12.08%





First Trust Energy Income and Growth Fund (FEN):

Distribution per share:

$0.30

Distribution Rate based on the October 12, 2020 NAV of $12.37:

9.70%

Distribution Rate based on the October 12, 2020 closing market price of $9.93:

12.08%

It is anticipated that, due to the tax

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This article was coproduced with Dividend Sensei.

At iREIT on Alpha and Dividend Kings, we continue to screen for value, and one sector that is appealing to us these days is the banking sector.

A few days ago we decided to write on Texas-based Cullen/Frost Bankers (CFR) in which we explained that the bank has “the highest yield in the last 20 years despite Treasury bonds trading near all-time lows. From a risk-adjusted perspective, Cullen/Frost is providing investors the best spread over government bonds in at least 25 years.

Cullen/Frost is now yielding 4.1% with a P/E of 14.1x (normal is 16x).

Today we’re focusing on another deeply-discounted bank with a long track record of reliability and predictability.

Source

As we write this, the market is recovering off its recent pullback. And while many companies are recovering quickly, plenty of great deals remain available.

In that light, we’re

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SAN FRANCISCO (AP) — Homeless moms who were evicted earlier this year from a vacant San Francisco Bay Area house they occupied say a community land trust has purchased the property and will turn it into transitional housing for other mothers experiencing homelessness.

Members of the activist group, Moms 4 Housing, announced Friday that the three-bedroom home in West Oakland was purchased by the Oakland Community Land Trust from a real estate investment company. The property requires extensive renovation for habitation, the group said.

The land trust purchased the property for $587,500 and closed in May, but the pandemic and planning for repairs delayed a public celebration . The land trust is a nonprofit organization that holds property for the benefit of low-income residents.

Steve King, executive director of the trust, says the house requires extensive repairs, including a new roof and windows. He said his group will work with

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A landmark judgment given on August 11, 2020 by a three-judge bench of the Supreme Court addressed a key aspect in gender inequality. The court held that daughters would have equal coparcenary rights in Hindu Undivided Family (HUF) properties even if they were born before the 2005 amendment to the Hindu Succession Act, 1956. Justice Arun Mishra’s words: Daughters have to be given equal share of coparcenary rights in the share of property like the son, hammered out all the ambiguity around the previous amendment done in 2005. It granted equal rights to daughters in the inheritance of ancestral property with retrospective and retroactive effect. The daughters are entitled to equal share in HUF properties even if their father has died before the amendment of the Act in 2005.

The only exception to this rule is the HUF partitions that took place before the cut-off date of December 20, 2004.

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PHILADELPHIA–(Business Wire)–Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its third quarter 2020 financial results after market close on Wednesday, October 28, 2020, and will hold its quarterly results conference call on Thursday, October 29, 2020 at 9:00 a.m. Eastern Time.

The live conference call can be accessed from the investor relations section of the IRT website at investors.irtliving.com or by dialing 1.844.775.2542, access code 4646712. A replay of the conference call will be available shortly following the live call on the investor relations section of IRT’s website and telephonically until Thursday, November 5, 2020 by dialing 1.855.859.2056, access code 4646712.

About Independence Realty Trust, Inc.

Independence Realty Trust (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT’s investment strategy is focused on gaining scale within key

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Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its third quarter 2020 financial results before the Nasdaq opens on Friday, October 30, 2020. At 10:00 a.m. Eastern Time that morning, President and Chief Executive Officer David Blackman, Chief Financial Officer Matthew Brown and Vice President and Chief Operating Officer Christopher Bilotto will host a conference call to discuss these results.

The conference call telephone number is (877) 328-1172. Participants calling from outside the United States and Canada should dial (412) 317-5418. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. on Friday, November 6, 2020. To access the replay, dial (412) 317-0088. The replay pass code is 10148151.

A live audio webcast

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BOCA RATON, Fla.–(BUSINESS WIRE)–
Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Michael Schiff, managing director, has been elected chair of the Gold Coast Florida branch of the Society of Trust & Estate Practitioners (STEP).

Mr. Schiff, who was elected vice chair of STEP Gold Coast Florida in October 2019, will continue to focus on growing branch membership and increasing awareness of STEP and its well-respected Trust & Estate Practitioner (TEP) designation among trust and estate planning professionals in South Florida. STEP Gold Coast Florida organizes educational and networking programs to help keep members up-to-date on changes in multijurisdictional law and the latest domestic and international planning trends. Mr. Schiff will help procure speakers from the trust and estate planning industry for these events.

STEP Gold Coast Florida’s founding board members include Gail E. Cohen,

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In the small pack of data center real estate investment trusts (REITs), QTS Realty Trust (NYSE: QTS) and Equinix (NASDAQ: EQIX) are two very different animals. With a market cap of about $67 billion and 214 data centers, compared with $4 billion and 26 for QTS, it’s pretty clear Equinix is the 800-pound gorilla here, but which is best worth monkeying around with now?

What they have in common

Kansas City-based QTS and Silicon Valley’s Equinix are both experienced operators positioned to benefit from the constantly growing demand for fast, reliable, scalable data storage.

Both are in an essential business that saw revenues stay steady as their diversified ranks of clients paid their rent, kept spaces occupied, and signed new and renewed leases at a healthy pace.

Both also have strong growth histories and are investing in future expansion. For instance, Equinix just expanded into India, opened its 11th data

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Washington Business Journal Leadership Trust is an Invitation-Only Community for Top Business Decision Makers in Greater Washington

REQ, a leader in digital marketing and brand reputation, announced today that

Elizabeth Shea, Executive Vice President of Public Relations for REQ, has been invited to join the Washington Business Journal Leadership Trust, ​an exclusive community for influential business leaders, executives, and entrepreneurs in Greater Washington.

Elizabeth was chosen for membership by the Washington Business Journal Leadership Trust Selection Committee for her experience, leadership, and influence in the local business landscape and beyond. Elizabeth came to REQ through strategic acquisition after her technology public relations firm, SpeakerBox Communications, was acquired in 2019.

“The Washington area’s thriving business community is powered by leaders like Elizabeth,” said Peter Abrahams, president and publisher of The Washington Business Journal. “We’re honored to be creating a space where the region’s business influencers come together to increase their

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