These Top REITs Yield Up to 6%

Real estate investment trusts (REITs) own, operate, or finance income-generating real estate. REITs allow individuals to invest in various types of real estate without having to directly own or manage the properties. REITs typically focus on a specific type of real estate, such as residential, commercial, or industrial, and they are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, making them attractive for income-seeking investors.

Let's take a look at two REITs from different industries that you could buy today.

Deloitte’s #1 fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!

Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low.

Earning Opportunity for All Smartphone Users

Mode EarnPhone
State-of-the-art smartphone device includes built-in earning features.
EarnOS
Proprietary earning software turns smartphones into EarnPhones.

Min. Investment: $1000

Share Price: $0.26

Valuation: $310M

Click To Learn More About Mode Mobile

NexPoint Residential Trust, Inc.

NexPoint Residential Trust NXRT owns 39 multifamily properties consisting of 14,485 units across 11 markets in seven Southeastern and Southwestern states, including Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Orlando, Phoenix, Raleigh, and Tampa.

NexPoint currently pays a quarterly dividend of $0.46242 per share, equating to an annualized dividend of about $1.85 per share and giving its stock a yield of about 6% at the time of this writing. 

In addition to having a high yield, NexPoint is a dividend-growth star. It has raised its annual dividend payment for eight consecutive years, and its 10.1% hike last October has it on track for 2024 to mark the ninth consecutive year with an increase.

Don't Miss:

• Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
• Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000. 

Plymouth Industrial REIT

Plymouth Industrial REIT PLYM owns, operates, and manages a portfolio of 211 single and multi-tenant industrial properties totaling over 34 million square feet. Nearly all of its properties reside inside the "Golden Triangle" region of the United States, which contains over 70% of the U.S. population.

Plymouth currently pays a quarterly dividend of $0.24 per share, equating to an annualized dividend of $0.96 per share and giving its stock a yield of about 4.4% at the time of this writing.

Plymouth has also raised its annual dividend payment each of the last three years, and its 6.7% hike last month has it on track for 2024 to mark the fourth consecutive year with an increase.

Read Next:

• Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000. 
• Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.

Image Credit: Shutterstock