Get Rent Checks from the Government
Government Properties Income Trust (NYSE: GOV) is a real estate investment trust (REIT). The Company was formed to invest in properties that are leased to government tenants. The Company owns 29 properties, 25 of which are leased primarily to the United States Government and four of which are leased to the states of California, Maryland, Minnesota and South Carolina, respectively. The Company is a wholly owned subsidiary of HRPT Properties Trust (HRPT).
As measured by square footage, the IRS is GOV’s biggest tenant. The next-biggest tenant is U.S. Customs & Immigration. These two make up over 20% of GOV’s rental income. The next biggest in terms of rental income is the Department of Justice.
GOv has a current dividend yield of 7.73%.
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