These Top REITs Have Yields Over 4.5% and Track Records of Dividend Growth

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 with yields over 4.5% that you could buy today.

NexPoint Residential Trust, Inc.

NexPoint Residential Trust NXRT owns and manages a portfolio of 39 multifamily properties consisting of 14,485 units across 11 markets in the Southern U.S., including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.

Don't Miss:

• Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• Elon Musk Is Bullish On Austin. Here’s How To Invest In The City’s Growth Before He Floods It With New Tech Workers.

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 5.9% at the time of this writing. 

In addition to being a high yielder, NexPoint is a dividend-growth machine. It has raised its annual dividend payment each of the last eight years, and its 10.1% in October has it on pace for 2024 to mark the ninth consecutive year with an increase.

Trending

• Whole Foods’ Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — Discover The Latest Investment Opportunities On Its Platform.

Kite Realty Group Trust

Kite Realty Group Trust KRG owns or has ownership interests in a portfolio of 180 open-air shopping centers and mixed-use assets containing approximately 28.1 million square feet. Its portfolio is situated across major markets in the Sun Belt region, including Atlanta, Charlotte, Dallas, Houston, Las Vegas, Miami, Orlando, Phoenix, and San Antonio.

Kite Realty currently pays a quarterly dividend of $0.25 per share, equating to an annualized dividend of $1.00 per share and giving its stock a yield of about 4.7% at the time of this writing. 

Kite Realty is also an up-and-coming dividend-growth star. It has raised its annual dividend payment each of the last three years, and its 4.2% hike in October has it on track for 2024 to mark the fourth consecutive year with an increase.

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