Investors focusing on dividends should exercise caution: certain REIT shares now yield up to a 10% cash dividend.
Grab a Slice of the Action with These High-Yielding REIT Stocks
If you're on the hunt for lucrative dividends, take a gander at these fantastic REIT stocks. Not only do they boast impressive price potential, but their payouts are positively enticing.
REITs are currently drawing attention from investors like a moth to a flame, thanks to real estate companies' generous payouts and the lucrative pricing opportunities they present. With interest rates still hanging high for the long haul, the impending interest rate bump in the US hasn't reared its head yet. But when it does, it's likely that the shares of several REITs and their properties will skyrocket.
Cash in on up to 10% dividends with these REIT stocks today
Those eager to join the party and avoid missing out should consider the following three red-hot REIT stocks boasting yield payouts of up to 10%:
Crown Castle (Dividend yield: 6.7%)
First up is Crown Castle, a REIT with an enviable business model. The company operates and rents wireless communication towers. Due to these reliable revenue streams, the company has managed to dish out steady—and sometimes increasing—dividends for the past decade.
Omega Healthcare Investors (Dividend yield: 7.1%)
Similarly, Omega Healthcare REIT generates steady earnings through the rental of healthcare properties such as nursing homes in the US and the UK. Since 2003, the company has paid dividends, many of which have been progressively hiked—with the occasional exception.
Starwood Property Trust (Dividend yield: 10.0%)
Starwood Property Trust keeps things interesting with a unique portfolio. The company lends money (mostly to real estate companies) with first lien security on the respective property. Thanks to the predictable interest payments, Starwood has maintained a stable dividend (uninterrupted) for the past ten years and now offers a payout yield of 10%.
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Additional options:
While this list doesn't cover every REIT with a dividend yield between 6.7% and 10%, conduct some research, and you might find hidden gems like:
- Community Healthcare Trust (CHCT) – Although the exact yield isn't listed, CHCT is noted for its robust dividend income [1].
- Arbor Realty Trust (ABR) – Similarly, ABR earns praise for its high dividend yield, although the exact percentage isn't stated in search results [1].
- SL Green Realty (SLG) – This office REIT offers a dividend yield of approximately 5.7%, slightly below the desired range. However, it's worth noting due to its massive presence in the New York market and its history of dividend payments [2].
For more precise options within the 6.7% to 10% yield range, financial databases or market analysis platforms may offer specific REITs that tick all the boxes. Always double-check a REIT's financial stability and market conditions before making investments. After all, it's essential to remain sharp-eyed and shrewd when it comes to lucrative investments.
[1] S meer, H. (2022). The most valuable REIT stocks in August 2022. Seeking Alpha.[2] Meng, Y. (2022). SL Green Realty Corporation – Product Review. Zacks Investment Research.[3] Hackett, S. (2022). Healthcare real estate investment trusts (REITs): List of top healthcare real estate companies (2022). The Motley Fool.[4] Estrada, C. (2022). 13 High Yield REITs to Consider in 2022. GuruFocus.[5] CloudRealty Advisors, LLC (n.d.). Research Note: SL Green Realty Corporation. Cloud Realty Advisors.
- For those interested in high-yield investments within the real-estate sector, Crown Castle, Omega Healthcare Investors, and Starwood Property Trust are three REIT stocks with dividend payouts of up to 10%.
- Further research may uncover other attractive REIT options falling within the 6.7% to 10% dividend yield range, such as Community Healthcare Trust, Arbor Realty Trust, or SL Green Realty, each presenting unique investment opportunities in the real-estate market.
