3 REITs I’d Buy With an Extra $5,000

Looking to generate income with a REIT? If so, Agellan Commercial Real Estate Invtmt TR (TSX:ACR.UN), InnVest Reit Trust Units (TSX:INN.UN), and Pure Industrial Real Estate Trust (TSX:AAR.UN) should be considered.

The Motley Fool

As wise investors know, dividend-paying stocks generate higher returns than non-dividend-paying stocks over the long term, and real estate investment trusts, or REITs, have some of the highest yields in the market today. With this in mind, let’s take a closer look at three REITs with yields up to 8.8% that you should consider buying today.

1. Agellan Commercial Real Estate Invtmt TR: 8.8% yield

Agellan Commercial Real Estate Invtmt TR (TSX:ACR.UN) owns 32 commercial properties in North America, totaling 4.7 million square feet of gross leasable area. It pays a monthly distribution of $0.06458 per share, or $0.775 per share annually, giving its stock an 8.8% yield at today’s levels. It is also worth noting that the company has maintained this monthly distribution since it went public in October 2013, but its increased amount of adjusted funds from operations, including 24% year-over-year growth to $20 million in fiscal 2014 and 11% year-over-year growth to $5.57 million in the first quarter of fiscal 2015, could allow for an increase in the very near future.

2. InnVest Reit Trust Units: 8.1% yield

InnVest Reit Trust Units (TSX:INN.UN) owns one of Canada’s largest hotel portfolios comprising of 109 hotel properties with approximately 15,000 guest rooms. It pays a monthly distribution of $0.0333 per share, or $0.3996 per share annually, which gives its stock an 8.1% yield at current levels. The company has maintained this annual distribution since fiscal 2012, and its consistent funds from operations, including an adjusted $44.62 million in fiscal 2012, $46.15 million in fiscal 2013 and $44.35 million in fiscal 2014, could allow it to continue doing so for the next several years.

3. Pure Industrial Real Estate Trust: 6.7% yield

Pure Industrial Real Estate Trust (TSX:AAR.UN) is one of the largest owners of industrial properties in North America with 173 properties totaling 17.4 million square feet of gross leasable area. It pays a monthly distribution of $0.026 per share, or $0.312 per share annually, giving its stock a 6.7% yield at today’s levels. Investors should also note that the company has maintained this annual rate since fiscal 2013, but its increased amount of funds from operations, including 23.4% year-over-year growth to $54.9 million in fiscal 2014 and 31.3% year-over-year growth to $16.8 million in the fiscal quarter of fiscal 2015, could allow for an increase in the second half of this year.

Could your portfolio use an income-generating REIT?

Agellan, InnVest, and Pure Industrial are three of the most attractive real estate investment trusts in the market. All Foolish investors should take a closer look and strongly consider establishing positions in one of them today.

Fool contributor Joseph Solitro has no position in any stocks mentioned.

More on Dividend Stocks

four people hold happy emoji masks
Dividend Stocks

3 Safe Dividend Stocks to Own in Any Market

Are you worried about a potential market correction? You can hold these three quality dividend stocks and sleep easy at…

Read more »

Canadian dollars in a magnifying glass
Dividend Stocks

This 9% Dividend Stock Is My Top Pick for Immediate Income

Telus stock has rallied more than 6% as the company highlights its plans to reduce debt and further align with…

Read more »

chatting concept
Dividend Stocks

BCE vs. Telus: Which TSX Dividend Stock Is a Better Buy in 2026?

Down almost 50% from all-time highs, Telus and BCE are two TSX telecom stocks that offer you a tasty dividend…

Read more »

pig shows concept of sustainable investing
Dividend Stocks

Your 2026 TFSA Game Plan: How to Turn the New Contribution Room Into Monthly Cash

With the 2026 TFSA limit at $7,000, a simple “set-and-reinvest” plan using cash-generating dividend staples like ENB, FTS, and PPL…

Read more »

Business success of growth metaverse finance and investment profit graph concept or development analysis progress chart on financial market achievement strategy background with increase hand diagram
Dividend Stocks

Want $252 in Super-Safe Monthly Dividends? Invest $41,500 in These 2 Ultra-High-Yield Stocks

Discover how to achieve a high yield with trusted stocks providing regular payments. Invest smartly for a steady income today.

Read more »

Piggy bank and Canadian coins
Dividend Stocks

Canadians: Here’s How Much You Need in Your TFSA to Retire

If you hold Fortis Inc (TSX:FTS) stock in a TFSA, you might earn enough dividends to cover part of your…

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

1 Ideal TFSA Stock Paying 7% Income Every Month

A TFSA can feel like payday with a monthly payer like SmartCentres, but the real “winner” test is cash flow…

Read more »

up arrow on wooden blocks
Dividend Stocks

3 Blue-Chip Dividend Stocks for 2026

These blue-chip dividend stocks have consistently grown their dividends, and will likely maintain the dividend growth streak.

Read more »