3 Top REITs Yielding Up To 7.8% To Buy In August

Real estate investment trusts (REITs) offer a compelling opportunity for income-seeking investors. REITs own, operate, or finance income-generating real estate, allowing individuals to invest in various real estate types without having direct ownership or management responsibilities. REITs must distribute a large percentage of their taxable income to shareholders as dividends, often resulting in hefty yields.

If you're an income-seeking investor, here are three high-yielding REITs with track records of dividend growth that you could invest in today.

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VICI Properties

VICI Properties VICI is one of North America’s largest owners of gaming, hospitality, and entertainment properties. As of its May investor presentation, its portfolio consists of 93 properties, including casinos, hotels, golf courses, bowling alleys, and racetracks, located across the United States and Canada. Some of VICI's most popular properties include Caesars Palace, the Excalibur, Mandalay Bay, MGM Grand Las Vegas, and the Venetian Resort Las Vegas.

VICI currently pays a quarterly dividend of $0.415 per share, equating to an annualized dividend of $1.66 per share. At the time of this writing, this gives its stock a yield of about 5.3%.

In addition to offering investors a high yield, VICI has rapidly grown its dividend since going public. It has raised its annual dividend every year since its initial public offering in 2018, so its 6.4% hike in September 2023 has it on track for 2024 to mark the sixth consecutive year with an increase.

Easterly Government Properties 

Easterly Government Properties DEA is one of the leading owners and managers of properties leased to government agencies and contractors. As of June 30, its portfolio comprises 93 properties containing approximately 9.1 million leased square feet. Its properties are leased to more than 40 tenants, including the Department of Veteran Affairs, the Federal Bureau of Investigation, and the Drug Enforcement Administration.

Easterly currently pays a quarterly dividend of $0.265 per share, equating to an annualized dividend of $1.06 per share, which gives its stock a yield of about 7.8% at the time of this writing.

Easterly is also a very reliable dividend payer. It has maintained its current annual dividend rate since 2022 and has raised it five times since 2015, so investors can count on it for a steady income stream going forward.

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SBA Communications Corporation

SBA Communications SBAC is one of the world's largest owners and operators of wireless communications infrastructure, including towers, buildings, rooftops, distributed antenna systems, and small cells. As of June 30, its portfolio consists of 39,744 communication sites located across 15 markets in the Americas, Africa, and the Philippines.

SBA currently pays a quarterly dividend of $0.98 per share, equating to an annualized dividend of $3.92 per share. At the time of this writing, this gives its stock a yield of about 1.8%.

While SBA's yield is the lowest of the three stocks discussed, it's important to note that it has been growing its dividend. It has raised its annual dividend payment for four consecutive years, and its 15% hike in February has it on pace for 2024 to mark the fifth consecutive year with an increase.

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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