Over the last 12 years, the average annual dividend growth rate of REITs has outpaced the rate of inflation. The average annual dividend growth rate for REITs was 6.0 percent compared with the average rate of inflation of approximately 2.5 percent. REIT dividends continue to offer shareholders consistent income while protecting their capital from inflation.

REIT Dividend Growth Per Share v. Consumer Price Index (January 1992 - December 2003) Indexed at December 1991 = 100

Source: NAREIT