3 Undervalued REITs With Dividends Above 7% REIT prices have soared over the last year, which has left some investors feeling like they missed out on taking advantage of last years low prices. Luckily, there are a handful of high-dividend REITs that have been overlooked and are still priced at a discount. Global Net Lease (NYSE: GNL ) This diversified REIT owns a portfolio of properties that includes industrial, office and retail across 10 countries. The company has an impressive tenant roster, with 66% having investment-grade credit ratings. The REIT focuses on long-term triple net leases, with the companys remaining weighted average lease term being 8.3 years. This means stable income with high operating margins. The companys stock is trading at a price to FFO multiple of around 10.3x, compared to the sector average of 17.9x. The stock is also priced at a 16% discount to its estimated net asset value (NAV), while some of the more well-known diversified REITs are currently priced at a premium to NAV. Factor in the companys 8.76%