5 REITs That Make the Cloud Pay You Dividends
Most investors know about tech stocks that have harnessed the cloud for growth, such as Salesforce.com (CRM), Adobe Systems (ADBE) and Amazon.com (AMZN).
But are you familiar with the cloud's landlords?
"Cloud czars" don't operate entirely on their own. There's a huge industry in connecting these clouds to each other, and to large and small customers alike. It requires cell towers, data centers and other communications technology.
A number of real estate investment trusts (REITs) specialize in properties and other assets that ensure your tablet can stream Netflix (NFLX) content and that your company's data is secured in the cloud. As a reminder: REITs are a special type of business structure - one that requires at least 90% of taxable income be paid out to shareholders as dividends, in exchange for generous tax benefits.
Many of these stocks have risen by leaps and bounds in 2019, though they're getting expensive as a result. Still, they sit smack-dab in the middle) bought European data center giant Interxion () for $8.4 billion.
