-
Crown Castle Inc. (CCI)
-
Dream Industrial Real Estate Investment Trust (DIR.UN)
-
Extra Space Storage Inc (EXR)
Q: Currently I have no exposure to real estate in my portfolio. This is because I have been very hesitant to buy into real estate for the last few years because of Covid, then high interest rates, office workers working from home effecting Office REITS and on-line sales effecting Retail REITs. Are there 3 safe REITs out there paying a 4 - 5% dividend that a retired senior can invest in or should I just continue to stay away from the whole sector for now?
5i Research Answer:
Not all REITs are created equal, some of the other niches of the REITs market are more stable and more predictable than others. We think these REITs have good recurring cash flow, were less affected by the pandemic, have solid pricing capability and low churn. Here is a list of high-quality REITs in different industries (consisting of industrials, cell tower, storage) that are currently paying attractive yields: DIR.UN, CCI, EXR.