Real estate investment trusts (REITs) are companies that own and operate income-generating real estate properties, such as office buildings, shopping malls, and apartment buildings.
REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends, making them a popular choice for investors seeking steady income streams.
Here are some REITs with high dividends that may be worth considering:
- National Retail Properties (NNN): National Retail Properties is a REIT that owns and operates a diversified portfolio of single-tenant properties, including freestanding retail stores, restaurants, and service-related properties. It has a long track record of steady dividend growth and currently offers a dividend yield of 4.8%.
- Digital Realty Trust (DLR): Digital Realty Trust is a REIT that owns and operates data centers, which are facilities that house and maintain the critical infrastructure and equipment required for the operation of websites, applications, and other digital services. It has a dividend yield of 4.9% and has consistently increased its dividend every year since going public in 2004.
- Public Storage (PSA): Public Storage is a REIT that owns and operates self-storage facilities in the United States and Europe. It has a dividend yield of 2.9% and has increased its dividend for 46 consecutive years.
- Realty Income (O): Realty Income is a REIT that owns and operates a diversified portfolio of commercial properties, including retail stores, movie theaters, and fitness centers. It is known as the “Monthly Dividend Company” because it has paid dividends on a monthly basis since going public in 1994. It currently has a dividend yield of 4.7%.
- Simon Property Group (SPG): Simon Property Group is a REIT that owns and operates a diversified portfolio of shopping malls and other retail properties. It has a dividend yield of 6.2% and has increased its dividend every year since going public in 1993.
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