Stocks with high dividend yields can be alluring. That's because they enable investors to make more income on each dollar invested. For example, $10,000 invested into a stock with a 10% dividend yield would produce $1,000 of annual dividend income. For comparison, $10,000 invested in the S&P 500, which yields 1.6%, would only produce $160 of annual dividend income. 

Unfortunately, an ultra-high-yield dividend is often a warning sign that the market doesn't believe the company can sustain its payout. That is the case for office REITs Brandywine Realty Trust (NYSE: BDN) and Office Income Properties (NASDAQ: OPI), which have double-digit dividend yields.

Office REITs have been under tremendous pressure since the pandemic. Many employees now work from home, either 100% remotely or in a hybrid setting. That means companies don't need as much office space as they once did. That's putting downward pressure on occupancy levels and rental rates. On top of that, rising interest rates to combat inflation will cause REITs to pay more in interest this year, either because of floating rate exposure or an upcoming maturity.

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Source Fool.com