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Multi-Year Strategy Results in Multi-Year Success
By staying true to our decades-long strategy of taking a multi-year view and conservatively managing the balance sheet, our business withstood the Covid-19 pandemic with minimal long-term impact. We had strong rent collections, maintained historically high occupancy, and increased our annual dividend for the 32nd consecutive year.
By maintaining and executing a multi-year approach, we avoid getting caught up in short-term market distractions. As a result, our stockholders have received a 25-year average annual total return of 11.6%.
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