3 REITs For Reliable Passive Income
You’re an investor who’s looking at retirement in just a few short years. You want to transition from growth investments to income-producing instruments. You want solid investments you can hang on to for several years, but you’re looking for a higher yield than what’s available with bank certificates of deposit or U.S. Treasuries. There are certainly good stocks trading on the exchanges that pay decent dividends, but you’re looking for the stability of real estate. If this sounds like you, here are three real estate investment trusts (REITs) that will provide you with reliable passive income for potentially years to come. Camden Property Trust (NYSE: CPT ): $132.32 on Sept. 13 Camden is a Houston-based company that focuses on multifamily housing. It owns 171 properties with 58,425 units. For 13 consecutive years, this 1,600-employee company has been on the list of Fortune magazine’s 100 Best Companies to Work For. It currently ranks No. 18 on the list. Camden is an SP 500 company that provides a dividend yield of 2.74%.
3 REITs For Reliable Passive Income
You’re an investor who’s looking at retirement in just a few short years. You want to transition from growth investments to income-producing instruments. You want solid investments you can hang on to for several years, but you’re looking for a higher yield than what’s available with bank certificates of deposit or U.S. Treasuries. There are certainly good stocks trading on the exchanges that pay decent dividends, but you’re looking for the stability of real estate. If this sounds like you, here are three real estate investment trusts (REITs) that will provide you with reliable passive income for potentially years to come. Camden Property Trust (NYSE: CPT ): $132.32 on Sept. 13 Camden is a Houston-based company that focuses on multifamily housing. It owns 171 properties with 58,425 units. For 13 consecutive years, this 1,600-employee company has been on the list of Fortune magazine’s 100 Best Companies to Work For. It currently ranks No. 18 on the list. Camden is an SP 500 company that provides a dividend yield of 2.74%.