These REITs Yield 4% or More and Have Been Growing Their Dividends

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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 with yields up to 4.4% that have been growing their dividends in recent years.

Public Storage

Public Storage PSA is the largest owner, operator, and developer of self-storage facilities in the United States. Its portfolio currently consists of 3,368 properties containing 243 million rentable square feet located across 40 states.

Public Storage currently pays a quarterly dividend of $3.00 per share, equating to an annualized dividend of $12.00 per share, which gives its stock a yield of about 4.4% at the time of this writing. 

In addition to offering a high yield, Public Storage has a track record of dividend growth. It has raised its annual dividend 12 times since 2008, and paid out a $13.15 per share special dividend in 2022, so investors should count it as both a high-yield and dividend-growth stock.

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Independence Realty Trust, Inc.

Independence Realty Trust IRT owns and operates a portfolio of 110 apartment communities containing 32,685 apartment units across non-gateway U.S. markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Memphis, Nashville, Oklahoma City, Raleigh, and Tampa.

Independence Realty currently pays a quarterly dividend of $0.16 per share, equating to an annualized dividend of $0.64 per share, which gives its stock a yield of about 4% at the time of this writing. 

Independence Realty has also raised its dividend each of the last two years following a 33% reduction in 2020 due to uncertainty caused by the COVID-19 pandemic. With operations back to normal, investors should consider the stock a reliable source of dividend income.

Explore Opportunities Beyond REITs

While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's real estate offering screener features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.

Whether you’re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.

Browse offerings

Latest Private Market Offerings

  • QOZ Fund III: Realize massive tax benefits by investing in a portfolio of multifamily development projects with long-term growth potential located in designated Opportunity Zones.
  • Income Plus Fund: A private real estate fund for investors seeking passive income and appreciation – Target net annual return of 9% – 11%. 
  • Golden Leaf Farming LP: Top-tier almond and pistachio farms with a target cash yield of 13.8%

Discover these and other exclusive real estate investment opportunities on Benzinga's offering screener. Dive into the private market and uncover the potential for substantial returns beyond the public REIT market.

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