Top REITs like Realty Income, Prologis, and Extra Space Storage down 20% but offering higher dividends

From Nasdaq.: 2024-12-28 04:16:00

The S&P 500 has surged 25% in the past year due to a strong economy and moderating inflation, prompting the Federal Reserve to reduce interest rates. However, top REITs like Realty Income, Prologis, and Extra Space Storage are down 20% from recent highs, offering higher dividend yields. Realty Income has increased its dividend for 30 consecutive years and currently yields around 6%. Prologis has a leading dividend growth rate of 13% annually, while Extra Space Storage has increased its dividend by 245% in the past decade. The slump in these REITs has raised their dividend yields, making them attractive for passive income seekers.

Realty Income, Prologis, and Extra Space Storage are excellent dividend stocks with strong growth prospects. Realty Income has a stable cash flow from net leased properties and a conservative dividend payout. Prologis benefits from strong demand for warehouse space and has a massive land bank for future growth. Extra Space Storage has capitalized on growing demand for storage and has the largest market share in the U.S. These REITs have solid balance sheets and are well-positioned to continue increasing dividends in the future.

Consider investing in Realty Income, Prologis, and Extra Space Storage for potential passive dividend income. However, the Motley Fool’s analyst team recommends other stocks for potential high returns. Stock Advisor has outperformed the S&P 500 since 2002 with regular stock picks and portfolio guidance. Check out the 10 best stocks to buy now for possible monster returns.



Read more at Nasdaq.: 3 Magnificent S&P 500 Dividend Stocks Down 20% to Buy and Hold Forever