These Top REITs Yield Up to 6%

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.

Let's take a look at two REITs from different industries that you could buy today.

NexPoint Residential Trust, Inc.

NexPoint Residential Trust NXRT owns 39 multifamily properties consisting of 14,485 units across 11 markets in seven Southeastern and Southwestern states, including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.

NexPoint currently pays a quarterly dividend of $0.46242 per share, equating to an annualized dividend of about $1.85 per share and giving its stock a yield of about 6% at the time of this writing. 

In addition to having a high yield, NexPoint is a dividend-growth star. It has raised its annual dividend payment for eight consecutive years, and its 10.1% hike last October has it on track for 2024 to mark the ninth consecutive year with an increase.

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Plymouth Industrial REIT

Plymouth Industrial REIT PLYM owns, operates, and manages a portfolio of 211 single and multi-tenant industrial properties totaling over 34 million square feet. Nearly all of its properties reside inside the "Golden Triangle" region of the United States, which contains over 70% of the U.S. population.

Plymouth currently pays a quarterly dividend of $0.24 per share, equating to an annualized dividend of $0.96 per share and giving its stock a yield of about 4.4% at the time of this writing.

Plymouth has also raised its annual dividend payment each of the last three years, and its 6.7% hike last month has it on track for 2024 to mark the fourth consecutive year with an increase.

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