These REITs Yield Up To 5.9% With Over 25 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 performance and strategic positioning in the market. Let's take a look at each.

Federal Realty Investment Trust

Federal Realty Investment Trust FRT owns and manages a portfolio of 102 mixed-use properties and open and shopping centers containing 26 million square feet in top suburban markets, including Boston, Chicago, Miami, New York City, Philadelphia, Phoenix, Silicon Valley, and Washington, D.C. These properties contain approximately 3,300 commercial tenants and approximately 3,100 residential units.

Federal Realty currently pays a quarterly dividend of $1.09 per share, equating to an annualized dividend of $4.36 per share, which gives its stock a yield of about 4.3% at the time of this writing. 

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On top of offering investors a high yield, Federal Realty has raised its annual dividend payment for an eye-popping 56 consecutive years, the longest consecutive record in the REIT industry.

Realty Income

Realty Income O is the 5th largest global REIT with a portfolio of 15,485 commercial properties totaling approximately 334 million square feet.

Realty Income currently pays a monthly dividend of $0.263, equating to an annualized dividend of $3.156 per share, which gives its stock a yield of about 5.9% at the time of this writing. 

Like Federal Realty, Realty Income offers dividend growth to go with its high yield. It has raised its annual dividend for 29 consecutive years, and its recent hikes have it on track for 2024 to mark the 30th consecutive year with an increase.

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