2 REITs With Yields Up To 4.2% And More Than 10 Years Of Dividend Growth

As the real estate investment landscape continues to evolve, investors seek stable returns and diversification through real estate investment trusts (REITs). Among the myriad of options available, two REITs stand out for their exceptional yields and track records of dividend growth.

UDR

UDR UDR, also known as United Dominion Realty Trust, owns or has ownership interests in more than 60,000 apartment homes across some of the most desirable markets in the Northeast, Mid-Atlantic, Sunbelt, and West Coast regions, including Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, and Washington, D.C.

UDR currently pays a quarterly dividend of $0.425 per share, equating to an annualized dividend of $1.70, which gives its stock a yield of about 4.2% at the time of this writing.

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UDR is also a dividend-growth star. It has raised its annual dividend payment for 14 consecutive years, and its 1.2% hike earlier this year has it on pace for 2024 to mark the 15th consecutive year with an increase.

EastGroup Properties, Inc.

EastGroup Properties EGP owns and manages a portfolio of industrial properties located in major Sunbelt markets with a focus on Florida, Texas, Arizona, California, and North Carolina. Its portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 60 million square feet.

EastGroup currently pays a quarterly dividend of $1.27 per share, equating to an annualized rate of $5.08 per share, which gives its stock a yield of about 2.9% at the time of this writing.

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Like UDR, EastGroup is a dividend-growth star. It has paid dividends for 31 consecutive years with 27 years of increases and zero reductions, including increases in each of the last 12 years.

Are You Missing Out On Higher Yields?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

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