3 High-Yield REITs You Won't Want to Miss
There are hundreds of real estate investment trusts (REITs). With so many choices, it can be easy to overlook some great options.
Three REITs that are ideal for those seeking to generate passive income are Getty Realty (NYSE: GTY), Plymouth Industrial REIT (NYSE: PLYM), and VICI Properties (NYSE: VICI). All three pay high-yielding dividends that are likely to continue growing in the coming years.
Getty Realty focuses on owning properties where consumers spend money in or on their cars. These properties include gas stations and convenience stores, auto repair shops, car washes, and auto parts stores. The company leases these freestanding retail properties back to operators under long-term triple net (NNN) leases. That lease structure makes the tenant responsible for maintenance, building insurance, and real estate taxes, enabling Getty Realty to generate very stable rental income to support its dividend.
Source Fool.com
