For those interested in enjoying the profits of real estate without the burden of actually owning and maintaining physical property, REITs are the answer. Here is the latest from U.S. News Invested on REITs for 2023.
InvestedAdvice, rankings and stock market news for investors. |
|
|
Priced out of the red-hot housing market? For those unable to afford or unwilling to manage a rental property, there is another way of deriving passive income from real estate investments. Here's a look at nine of the best publicly traded REITs to consider in 2023:
AvalonBay Communities Inc. (ticker: AVB). Like stocks, some REITs with a long-established history of excellent performance and sound fundamentals can be classified as blue-chip. "One blue-chip REIT example would be AvalonBay, which owns a vast portfolio of Class A apartment communities," Littlefield says. It has one of the best track records in the entire REIT sector and has grown its dividend for nearly 30 years in a row. With a market cap of roughly $24 billion, AVB skews toward the large cap side of the real estate sector. AvalonBay currently pays a 3.9% dividend yield.
Realty Income Corp. (O). "REITs are an important investment both for retirement savers and for retirees who require a continuing income stream to meet their living expenses," says McCarthy. A perennial favorite among income investors is the aptly named Realty Income, which actually registered "The Monthly Dividend Company" as a trademark. This REIT belongs to the S&P 500 Dividend Aristocrats Index, which screens constituents for a track record of at least 25 years of consecutive dividend increases. On April 11, Realty Income declared its 634th consecutive monthly dividend to continue its streak. The REIT currently yields 5%.
Click here to continue reading. |
|
|
No comments:
Post a Comment