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A number of real estate investment trusts (REIT) shares are falling on Wednesday despite no news coming from any of the companies.
As we draw closer to the end of the current financial year, these ASX shares are trading ex-dividend today.
The ex-dividend date is when investors must have purchased a company's shares beforehand to be eligible for the upcoming dividend.
If an investor buys the shares on or after this date, the dividend will go to the seller.
National Storage REIT (ASX: NSR) shares are down 5.82% to $2.185 after trading ex-dividend today.
The board previously declared an unranked interim dividend of 5.4 cents per share.
This represents a gain of 28.5% over the prior corresponding period (4.2 cents).
The leading self-storage operator will pay out its latest dividend to eligible shareholders on 2 September.
Charter Hall Long WALE REIT (ASX: CLW) shares are also going ex-dividend on Wednesday, backtracking 7.11% to $4.31.
The board elected to reward investors with an unfranked interim dividend of 7.63 cents per share.
When comparing this against H1 FY21's dividend, it reflects a slight increase of less than 1% (7.62 cents).
The REIT is set to distribute its profits in dividends on 12 August.
Centuria Office REIT (ASX: COF) shares are also trading without the rights to the company's unfranked final dividend.
The board opted to deliver 4.15 cents per unit to shareholders, which is the same amount as the prior comparable dividend.
The Australia-based pure play office REIT's distribution payment date is on 5 August.
