These Top Industrial REITs Have Yields Up to 8.1%

Industrial real estate investment trusts (REITs) own and manage income-generating industrial properties, such as warehouses, distribution centers, logistics facilities, and manufacturing plants. Industrial REITs generate income by leasing the properties.

Investors in industrial REITs can benefit from the demand for space in the logistics and manufacturing sectors. The growth of e-commerce and the need for efficient supply chain management have contributed to the growth of the space in recent years. Similar to other REITs, industrial REITs are required to distribute a significant portion of their income to shareholders in the form of dividends.

If you're interested in investing in industrial REITs, here are two you could buy today.

Innovative Industrial Properties

Innovative Industrial Properties Inc.IIPR acquires, owns, and manages specialized properties leased to cannabis companies. Its portfolio currently consists of 108 properties across 19 U.S. states, including both industrial and retail properties.

Innovative Industrial Properties currently pays a quarterly dividend of $1.82 per share, equating to $7.28 per share annually and giving its stock a yield of about 8.1% at the time of this writing.

Innovative Industrial Properties is also a serial dividend raiser. It has raised its annual dividend payment each year since its initial public offering in 2016, putting it on track for 2024 to mark the 8th consecutive year with an increase.

Don't Miss:

• Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000. 

Americold Realty Trust

Americold Realty Trust COLD owns and/or operates 243 temperature-controlled warehouses containing approximately 1.5 billion refrigerated cubic feet of storage across North America, Europe, Asia-Pacific, and South America. Its warehouses are a crucial component of the supply chain that connects food producers, processors, distributors, and retailers to consumers.

Americold currently pays a quarterly dividend of $0.22 per share, equating to $0.88 per share annually and giving its stock a yield of about 3.5% at the time of this writing. 

Americold also has a track record of growing its dividend, as it has raised its annual dividend payment three times since its initial public offering in 2018.

Read Next:

• Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000. 
• Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.

Image Credit: Shutterstock