5 REITs With Growing Payouts

Real estate investment trusts (REITs) are a more reliable source of income than many comparable high yielding stocks in volatile sectors like energy. That’s because REITs are legally required to hand over the bulk of their income to investors. This unique structure, which is the result of legislature from the 1960s, makes REITs an attractive addition to an income-producing portfolio.

The five biggest REITs pay an average yield of nearly 3%. These dividends are secure, and growing thanks to expanded operations and improving profitability. Some of them have lost favor in recent months, and although they have recovered a bit from recent 52-week lows, they still remain affordable buys today.

These five are Simon Property Group (SPG), Public Storage (PSA), American Tower Corporation (AMT), Crown Castle International (CCI), and Equity Residential (EQR).

Let's look more closely at these five REITs...


Source: Contrarian Outlook

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