Real Estate Investment Trusts (REITs)

Here at Dividend Money, we have not talked a lot about Real Estate Investment Trusts and I thought it was about time to throw together a short post.

My favorite REIT is by far Washington Real Estate Investment Trust (WRE) which is a diversified trust that invests in different kinds of real estate in the Washington D.C region.  Other than that I prefer commecial real estate trusts to residential trusts, simply because of the general quality of the lease terms are more favorable to the landlord versus the tenant.
There are several types of commercial REITs, including those that invest in office buildings, those that are retail oriented including shopping centers, and the industrial REITs, which can include warehouse, manufacturing, and mini-storage properties. There are also diversified REITs which invest in any or all of the above in addition to apartment buildings. Of course, one of the prime features of investing in commercial REITs is the high yield. The following is a list of commercial REITs with yields above five percent:

Pres Rlty Cp Cl B (PDL-B) 9.1% [Diversified]
Resource Cap Corp (RSO) 9.0% [Diversified]
Newkirk Realty Trust (NKT) 8.9% [Diversified]
Newcastle Inv Cp (NCT) 8.8% [Diversified]
RAIT Financial Trust (RAS) 8.7% [Diversified]
Northstar Rlty Fin (NRF) 8.2% [Diversified]
PMC Commercial SBI (PCC) 8.0% [Office]
Trustreet Prop Inc (TSY) 7.8% [Retail]
Arbor Realty Tr (ABR) 7.7% [Diversified]
Crescent Rl Est Eqty (CEI) 7.6% [Diversified]
Feldman Mall Prop (FMP) 7.4% [Retail]
Gramercy Cap Corp (GKK) 7.3% [Diversified]
Glimcher Raelty Trst (GRT) 7.2% [Retail]
Monmouth Real Inv (MNRTA) 7.1% [Industrial]
Republic Property Tr (RPB) 7.1% [Office]
Capital Lease Fnding (LSE) 6.9% [Office]
HRPT Properties (HRP) 6.8% [Office]
American Fin Rlty Tr (AFR) 6.6% [Diversified]
Lexington Cp Pty Tr (LXP) 6.5% [Diversified]
Ashford Hosp Tr Inc (AHT) 6.4% [Diversified]
First Ind Rlty Inc (FR) 6.1% [Industrial]
Capital Trust Sbi (CT) 6.0% [Diversified]
Franklin St Prop (FSP) 5.9% [Diversified]
Getty Rlty Hldg Co (GTY) 5.9% [Retail]
Colonial Property Tr (CLP) 5.8% [Diversified]
National Retail Prop (NNN) 5.8% [Retail]
Penn Real Estate Tr (PEI) 5.8% [Retail]
Cedar Shop New (CDR) 5.7% [Diversified]
One Liberty Prop (OLP) 5.7% [Diversified]
Pitts W Virginia RR (PW) 5.7% [Diversified]
Agree Realty Cp (ADC) 5.6% [Retail]
U-Store-It Trust (YSI) 5.6% [Retail]
Realty Income Cp (O) 5.5% [Retail]
Brandywine Realty Tr (BDN) 5.3% [Office]
Inland Real Estate (IRC) 5.1% [Retail]
Parkway Prop Inc. (PKY) 5.1% [Office]
Mack-Cali Realty Cp (CLI) 5.0% [Office]
Extra Space Storage (EXR) 5.0% [Industrial]
Liberty Properties (LRY) 5.0% [Office]


Leave a Reply

Your email address will not be published. Required fields are marked *