3 REITs That Cut You a Quarterly Paycheck
Real estate investment trusts (REITs) are designed to pass cash on to investors, so getting a quarterly check from one isn't exactly shocking. However, there are some REITs that go one step further, paying you more each quarter than they paid before. Even a monthly paycheck isn't likely to pull that one off. Here's why you might want to look at Realty Income (NYSE: O), W.P. Carey (NYSE: WPC), and relatively young Alpine Income Property Trust (NYSE: PINE) and their growing quarterly dividends.
Realty Income, with a portfolio of more than 10,000 properties, is the largest net lease REIT and a bellwether in the space. Net lease means that the REIT owns the properties, but its tenants are responsible for most of the costs of the assets they occupy. Given adequate diversification, it's generally considered a low-risk approach to investing in real estate. Realty Income has increased its dividend annually for over 25 consecutive years, making it a Dividend Aristocrat.
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Source Fool.com
