As many investors have been told time and time again, dividend-paying stocks outperform non-dividend-paying stocks over the long term. It is for this reason that all long-term investors should own at least one dividend-paying stocks, and depending on your age, investment goals, and risk tolerance, maybe a diversified portfolio full of them. With this in mind, let’s take a look at three high-yielding real estate investment trusts, or REITs, that you should consider buying today.
1. NorthWest Health Prop Real Est Inv Trust: 10% yield
NorthWest Health Prop Real Est Inv Trust (TSX:NWH.UN) is one of the largest owners of medical office buildings and healthcare real estate in Canada, with 74 properties and 4.6 million square feet of gross leasable area. It pays a monthly distribution of $0.06667 per share, or $0.80 per share annually, giving its stock a 10% yield at today’s levels. Investors should also note that the company has maintained this monthly distribution since May 2010, and its consistent funds from operations could allow it to continue doing so for the next several years.
2. Choice Properties Real Est Invstmnt Trst: 6% yield
Choice Properties Real Est Invstmnt Trst (TSX:CHP.UN) is one of the largest owners of retail and commercial real estate across Canada, with 513 properties and 41.3 million square feet of gross leasable area. It pays a monthly distribution of $0.054167 per share, or $0.65 per share annually, which gives its stock a 6% yield at current levels. The company has maintained this monthly distribution since September 2013, but its increased amount of funds from operations could allow for an increase in the very near future.
3. Brookfield Canada Office Properties: 4.6% yield
Brookfield Canada Office Properties (TSX:BOX.UN) owns 27 “premier” office properties in Canada, totaling over 20.4 million square feet of gross leasable area. It pays a monthly distribution of $0.1033 per share, or $1.24 per share annually, giving its stock a 4.6% yield at today’s levels. It is also important to note that the company has increased its dividend four times in the last four years, and its strong operational performance could allow this streak to continue in 2015.
Should you buy one of these REITs today?
NorthWest Health, Choice Properties, and Brookfield are three of the most attractive real estate investment trusts in the market. Foolish investors should take a closer look and consider beginning to scale in to positions in one of them today.
