3 Reliable Passive Income REITs – Alexandria Real Estate (NYSE:ARE), Camden Prop Trust (NYSE:CPT), Realty Income (NYSE:O) – Benzinga | Jewelry Dukan

You are an investor looking to retire in a few years. You want to move from growth investing to income-generating instruments. You want solid investments that you can hold onto for several years, but you’re looking for a higher yield than that available with bank certificates of deposit or US Treasuries. The stock markets certainly have good stocks trading that pay decent dividends, but you’re looking for the stability of real estate.

If that sounds like you, here are three real estate investment trusts (REITs) that may offer you reliable passive income for years to come.

Camden Property Trust CPT: $132.32 on September 13th

Camden is a Houston-based company focused on multi-family housing. It owns 171 properties with 58,425 units. For 13 years in a row, this company of 1,600 employees has been in Fortune magazine’s list of the 100 Best Places to Work. It currently sits at number 18 on the list. Camden is an S&P 500 company that offers a dividend yield of 2.74%.

In Camden’s 2021 Annual Report, Chairman and CEO Richard J. Campo and Executive Vice Chairman and President D. Keith Oden wrote:

“2021 was a great year but we believe the best is yet to come. Our outlook for 2022 is bullish and we believe this could prove to be our best year on record in terms of both earnings and same-level growth. For 2022, we are projecting 8.75% same-property revenue growth, 3% cost growth and a NOI [net operating income] Growth of 12% in the middle of our forecast range. Phoenix is ​​expected to be one of our top markets again in 2022, and we anticipate double-digit sales growth in other markets like Southeast Florida, Tampa, and Orlando.

“The fundamentals for our business remain strong and favorable demographic trends continue to drive demand for housing. The pace of multifamily completions has been constant over the past few years but has been matched by strong demand for rental housing, allowing the new supply to be adequately absorbed in most markets. We expect that the level of new supply delivered to our markets in 2022 will be similar to 2021, but will still result in a healthy balance of supply and demand. We believe these economic and demographic factors, combined with the greater flexibility that renting offers over buying a home, will continue to drive demand for Camden’s multifamily product.”

Realty Income Corporation O: $65.91 on September 13th

Realty Income is headquartered in San Diego. The 53-year-old company owns 11,400 properties on long-term leases with commercial clients. This S&P 500 REIT currently enjoys a 4.45% dividend yield. In fact, Realty Income advertises itself as “The Monthly Dividend Company,” so it should particularly draw the attention of retirees looking for a steady monthly income.

Realty Income is part of the Dividend Aristocrats list, which consists of S&P 500 members who have paid and raised dividends for at least 25 years. Realty Income’s website states that the company has experienced the following:

  • An average annual total return of 15.1% since public listing in 1994
  • A compound dividend annual growth rate of 4.4%
  • 99 straight quarterly dividend increases — Realty Income has increased its dividend 116 times since going public in 1994

Alexandria Real Estate Stocks ARE $153.73 on September 13th

Alexandria is based in Pasadena, California. Since 1994, this REIT has established a major market presence in locations such as Boston, San Francisco, New York City, San Diego, Seattle, Maryland and the Research Triangle area of ​​North Carolina. It is the oldest owner of office buildings in the Life Science, Technology and Ag-Tech sectors. Alexandria currently offers a 3.07% dividend yield.

In the company summary on its website (www.ARE.com), company officials wrote:

“Alexandria has a long-standing and proven track record of developing Class A properties, located in urban life science, agtech and technology campuses that offer our innovative tenants a highly dynamic and collaborative environment that enhances their ability improves to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success.

“Alexandria also provides strategic capital to transformative life science, agtech and technology companies through our venture capital platform. We believe our unique business model and careful underwriting ensure a high-quality and diverse tenant base that translates into higher occupancy, longer lease terms, higher rental income, higher returns and greater long-term asset value.”

Looking for high dividend yields without price volatility?

Real estate is one of the most reliable sources of recurring passive income, but publicly traded REITs are just one option for gaining access to this income-generating asset class. Cash Benzinga’s private market real estate coverage and find other ways to add cash flow to your portfolio without having to time the market or fall prey to wild price swings.

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