This 3.2%-Yielding Office REIT Is Benefiting from Amazon's Growth
Amazon (NASDAQ: AMZN) recently announced plans to create thousands of new corporate and tech jobs in Austin, Texas, and Phoenix, Arizona. Those new jobs add to the thousands of people it has hired in recent years across those two fast-growing Sun Belt cities, which have become tech hubs for the company.
One of the biggest beneficiaries of Amazon's Sun Belt expansion is Cousins Properties (NYSE: CUZ). The office-focused real estate investment trust (REIT) recently signed additional leases with Amazon to accommodate all those future hires. Those leases will provide additional support for the REIT's 3.2%-yielding dividend.
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Source Fool.com
