3 REITs To Watch With Dividends Above 5%
REITs have gained popularity over the past year, as other income investments havent been producing due to the historically low interest rates. While this has caused REIT prices to climb and their yields to fall, there are still opportunities to pick up some high dividend REITs with room for price growth. MGM Growth Properties (NYSE: MGP ) MGM Growth Properties is a hospitality REIT that owns casino properties throughout the United States. The company''s triple-net master lease structure left it virtually unfazed throughout 2020, even with markets like Las Vegas being shut down. The company has grown its portfolio consistently, with over $1 billion in acquisitions each year since its IPO in 2016. Dividends have also been increased in 12 of the 20 dividends paid to date, with the current yield at 5.38%. With the upcoming acquisition of MGM Springfield expected to have an immediate impact on the REITs FFO, another dividend increase in 2021 wouldnt be Full story available on Benzinga.
3 REITs To Watch With Dividends Above 5%
REITs have gained popularity over the past year, as other income investments havent been producing due to the historically low interest rates. While this has caused REIT prices to climb and their yields to fall, there are still opportunities to pick up some high dividend REITs with room for price growth. MGM Growth Properties (NYSE: MGP ) MGM Growth Properties is a hospitality REIT that owns casino properties throughout the United States. The company''s triple-net master lease structure left it virtually unfazed throughout 2020, even with markets like Las Vegas being shut down. The company has grown its portfolio consistently, with over $1 billion in acquisitions each year since its IPO in 2016. Dividends have also been increased in 12 of the 20 dividends paid to date, with the current yield at 5.38%. With the upcoming acquisition of MGM Springfield expected to have an immediate impact on the REITs FFO, another dividend increase in 2021 wouldnt be Full story available on Benzinga.