Real estate investment trusts (REITs) make excellent dividend stocks because they usually offer high yields and reliability. There are various kinds of REITs that focus on specific industries, and some are riskier than others. Agree Realty (NYSE: ADC) is a retail REIT that has the bonus of paying its dividend monthly. Is it safe to add it to your portfolio?
Agree has many similarities with the well-known REIT Realty Income. They are both retail REITs that pay a high-yielding dividend monthly, and each brings something different to the table. Realty Income is much bigger and more diverse, which could mean it's more stable and reliable.
But it's precisely the smaller size that could make Agree look more competitive due to growth opportunities. It's a smaller company, and any additions to the portfolio will look larger on a smaller base. And it has plenty of growth opportunities.
Source Fool.com