20 dividend stocks with high yields that have -2-
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Several of the REITs that passed the screen have relatively small market capitalizations. You might be curious to see how the most widely held REITs fared in the screen. So here's another list of the 20 largest U.S. REITs among the 119 that passed the first cut, sorted by market cap as of Nov. 28:
Company Ticker Dividend yield Estimated 2023 AFFO yield Estimated "headroom" Market cap. ($mil) Main concentration
Prologis Inc. PLD 2.84% 4.36% 1.52% $102,886 Warehouses and logistics
American Tower Corp. AMT 2.66% 4.82% 2.16% $99,593 Communications infrastructure
Equinix Inc. EQIX 1.87% 4.79% 2.91% $61,317 Data centers
Crown Castle Inc. CCI 4.55% 5.42% 0.86% $59,553 Wireless Infrastructure
Public Storage PSA 2.77% 5.35% 2.57% $50,680 Self-storage
Realty Income Corp. O 4.82% 6.46% 1.64% $38,720 Retail
Simon Property Group Inc. SPG 6.22% 9.55% 3.33% $37,847 Retail
VICI Properties Inc. VICI 4.69% 6.21% 1.52% $32,013 Leisure properties
SBA Communications Corp. Class A SBAC 0.97% 4.33% 3.36% $31,662 Communications infrastructure
Welltower Inc. WELL 3.66% 4.76% 1.10% $31,489 Health care
Digital Realty Trust Inc. DLR 4.54% 6.18% 1.64% $30,903 Data centers
Alexandria Real Estate Equities Inc. ARE 3.17% 4.87% 1.70% $24,451 Offices
AvalonBay Communities Inc. AVB 3.78% 5.69% 1.90% $23,513 Multifamily residential
Equity Residential EQR 4.02% 5.36% 1.34% $23,503 Multifamily residential
Extra Space Storage Inc. EXR 3.93% 5.83% 1.90% $20,430 Self-storage
Invitation Homes Inc. INVH 2.84% 5.12% 2.28% $18,948 Single-family residental
Mid-America Apartment Communities Inc. MAA 3.16% 5.18% 2.02% $18,260 Multifamily residential
Ventas Inc. VTR 4.07% 5.95% 1.88% $17,660 Senior housing
Sun Communities Inc. SUI 2.51% 4.81% 2.30% $17,346 Multifamily residential
Source: FactSet
Simon Property Group Inc. (SPG) is the only REIT to make both lists.
-Philip van Doorn
(END) Dow Jones Newswires
12-03-22 0957ET
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