REITs are a good choice for investors who want to add real estate to their portfolios but don't want to deal with the headaches of owning a property directly. REITs have two benefits: the value of the shares could go up, and investors can always get money from dividends. As we move into 2024, here are nine of the best REITs to think about. Each has bright futures and strong income yields.
1. Realty Income Corp. (Ticker: O)
Realty Income Corp., which is known as "The Monthly Dividend Company," has a 6.0% forward dividend return. This REIT has a history of giving monthly payouts, which makes it a popular choice for investors who want to make money. Focusing on good renters and long-term leases gives the business stability, even when the economy isn't doing well.
"Investing in REITs like Realty Income gives you a variety of income streams without having to manage properties yourself," says Asheville Cash Buyers.
2. Crown Castle Inc. (Ticker: CCI)
Crown Castle Inc. focuses on wireless infrastructure, an area that is set to grow as 5G technology continues to spread. Crown Castle is set up to gain from the growing demand for mobile data. It has a forward dividend yield of 6.5%.
3. Equity Residential Properties Trust (Ticker: EQR)
Equity Residential focuses on high-end apartment buildings in cities and densely populated suburbs. This real estate investment trust (REIT) stands to gain from the ongoing trend of people moving to cities and the rising demand for rental properties in those areas. Its forward dividend yield is 3.9%.
4. Invitation Homes Inc. (Ticker: INVH)
Invite houses own more single-family rental houses than any other company in the US. This REIT is a great choice for investors who want to make money in the growing single-family rental market because it has a 3.1% forward dividend yield. Because of changes in the population and problems with affordability in the housing market, there will likely be a high demand for rental homes.
“A source from CY Buys Richmond Houses says that REITs like Invitation Homes are a great addition to any business because the single-family rental market offers a steady and growing source of income.”
5. Ventas Inc. (Ticker: VTR)
Ventas Inc. specializes in healthcare real estate, such as medical office buildings and homes for seniors. As the population ages and more people need healthcare services and facilities, Ventas is set to gain from a forward dividend yield of 3.5%.
6. SBA Communications Corp. (Ticker: SBAC)
In North, Central, and South America, SBA Communications owns and runs the infrastructure for radio communications. With a 2.1% forward dividend yield, SBA Communications is a growth-oriented real estate investment trust that is ready to take advantage of the continued growth of wireless networks.
7. Weyerhaeuser Co. (Ticker: WY)
Weyerhaeuser owns more forests than any other company in the world. Weyerhaeuser gives you access to the wood and forest products markets, which are expected to do well as more people look for environmentally friendly building materials. Its forward dividend yield is 2.9%.
8. Boston Properties Inc. (Ticker: BXP)
Boston Properties owns and builds some of the best business buildings in the United States. Boston Properties is set up to gain from the recovery in the office real estate market as businesses go back to working in person. With a forward dividend yield of 6.5%, the company is certainly interested in this.
"Office properties remain a cornerstone of commercial real estate, and investing in REITs like Boston Properties can provide steady income and growth potential," MTGW Acquisitions analyst says.
9. Healthpeak Properties Inc. (Ticker: DOC)
Healthpeak Properties specializes in real estate for the life sciences, senior homes, and medical office buildings. Because it has a forward dividend yield, this REIT will do well in the long run as healthcare and life sciences trends change.
A source from Simple Solution Home Buyer says, "Healthcare REITs like Healthpeak Properties offer stability and growth potential, driven by the rising demand for healthcare services."
Conclusion
Putting money into real estate investment trusts (REITs) can be a smart way to diversify your portfolio, make money, and get into the real estate market without having to handle the properties yourself. As 2024 comes to a close, these nine REITs offer strong income yields and growth potential, which makes them good choices for both new and experienced investors.
Getting advice from professionals in the field, such as Asheville Cash Buyers, CY Buys Richmond Houses, MTGW Acquisitions, and Simple Solution Home Buyer, can help you make better business decisions. Always do a lot of study before investing, and if you want to make sure your investments fit your financial goals and risk tolerance, you might want to talk to a financial advisor.
