Robinhood offers access to a variety of REITs (Real Estate Investment Trusts) that pay dividends, allowing investors to potentially earn regular income from real estate investments.
These dividends can be paid out on varying schedules, but most commonly are paid on a quarterly basis.
Here are a few examples of popular REITs available on Robinhood that have historically paid dividends.
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A REIT, or Real Estate Investment Trust, is like a mutual fund for real estate. It's a company that owns, operates, or finances income-producing real estate across various sectors, such as apartments, office buildings, malls, or hotels.
Investors can buy shares in a REIT, which allows them to invest in real estate without having to buy properties themselves.
REITs typically generate income through rent collected from tenants, and they're required by law to distribute a significant portion of their earnings to shareholders as dividends.
In simple terms, think of REITs as a way for people to invest in real estate without having to buy or manage properties directly, while still earning dividends from the rents collected by the REIT.
Realty Income Corp is a well-known REIT that focuses on commercial real estate properties.
Dividend Yield (as of 3/22/24): 5.83%
It has a long history of consistently paying monthly dividends, making it popular among income-oriented investors.
Digital Realty Trust specializes in data center and colocation facilities.
Dividend Yield (as of 3/22/24): 3.49%
It operates globally and provides mission-critical infrastructure to technology companies. DLR has a track record of paying regular dividends to its shareholders.
American Tower Corp is a REIT that owns and operates wireless communication towers. It leases space on these towers to telecommunications companies.
Dividend Yield (as of 3/22/24): 3.33%
AMT has a history of paying dividends and is a significant player in the communication infrastructure industry.
Public Storage is a self-storage REIT that owns and operates storage facilities across the United States.
Dividend Yield (as of 3/22/24): 4.26%
It generates revenue by renting storage units to individuals and businesses. PSA has a consistent dividend payment history and is a recognized leader in the self-storage industry.
Simon Property Group is a REIT focused on owning and operating shopping malls and premium outlet centers.
Dividend Yield (as of 3/22/24): 4.78%
It has a significant presence in the retail real estate sector and has a track record of paying dividends to its investors.
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