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

Canadian investor contemplating U.S. stocks with multiple doors to choose from.
Dividend Stocks

2 Canadian Dividend Giants I’d Buy With Rates on Hold

These Canadian stocks have a consistent record of paying and growing dividends and are offering high yields of over 5%.

Read more »

man looks surprised at investment growth
Dividend Stocks

Use a TFSA to Earn $1,000 a Month With No Tax

Generate tax-free income by investing in these monthly dividend-paying TSX stocks in a Tax-Free Savings Account (TFSA).

Read more »

monthly calendar with clock
Dividend Stocks

Retirement Planning: How to Generate $2,000 in Monthly Income

Generate extra monthly income by adding shares of this TSX-traded income fund to your self-directed investment portfolio.

Read more »

doctor uses telehealth
Dividend Stocks

How to Turn Your TFSA Into a $300 Monthly Tax-Free Income Stream

Maximize your TFSA contributions to build up a reliable monthly income generating portfolio, with stocks like NWH.UN.

Read more »

Close-up of people hands taking slices of pepperoni pizza from wooden board.
Dividend Stocks

2 High-Yield Dividend Stocks You Can Buy and Hold for a Decade

Here are two reliable high-yield Canadian stocks to buy now that are made for long-term dividend investors.

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

2 Canadian Dividend Stars That Still Offer a Good Price

These Canadian dividend stars still trade at attractive prices and have the potential to consistently increase dividends.

Read more »

Board Game, Chess, Chess Board, Chess Piece, Hand
Dividend Stocks

My 3-Stock TFSA Game Plan for 2026

Build a simple, high‑conviction TFSA portfolio for 2026 with three Canadian stocks offering stability, income, and long‑term compounding potential.

Read more »

Data center servers IT workers
Dividend Stocks

The Canadian Companies Driving the AI Infrastructure Buildout — and Why It Matters

Brookfield Corp. (TSX:BN) looks too good to ignore as its $100 billion spend seeks to unlock serious long-term value.

Read more »