Key Factors

• Mid-America Condominium Communities has elevated its dividend for 15 years in a row.

• Invitation Houses has raised its fee yearly because it went public.

• Realty Revenue has the most effective dividend development streaks within the REIT sector.

• 10 shares we like higher than Realty Revenue ›

Investing in actual property funding trusts (REITs) is an effective way to generate passive dividend revenue. Most REITs personal giant portfolios of income-generating actual property, which offer them with the money circulate to pay engaging dividends.

Mid-America Condominium Communities (NYSE: MAA), Invitation Houses (NYSE: INVH), and Realty Revenue (NYSE: O) are three high REITs attributable to their constant dividend development, sturdy monetary profiles, and high-quality portfolios. These options make them nice shares to purchase for passive revenue this August.

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Picture supply: Getty Photographs.

Capitalizing on rising house demand

Mid-America Condominium Communities has a wonderful report of paying dividends. The owner lately declared its 126th consecutive quarterly dividend. It pays $6.06 per share annually, giving it a greater than 4% yield at its current share value. Mid-America has by no means diminished or suspended its dividend in its greater than 30 years as a public firm and has raised the payout for 15 years in a row.

The REIT shouldn’t have any hassle persevering with to extend its dividend. Demand for flats within the Solar Belt area the place it operates is powerful and rising, whereas new provides must be restricted sooner or later. That ought to preserve occupancy ranges excessive throughout its portfolio and drive regular hire development.

In the meantime, Mid-America Condominium Communities at present has almost $1 billion of house improvement tasks underway that it expects to finish over the following few years. It additionally lately accomplished 4 tasks and bought two new communities within the lease-up section for almost $575 million.

“The strengthening demand/supply dynamic coupled with our growing development pipeline, which is nearing $1 billion, should support robust revenue and earnings performance and enhance long-term value creation,” said CEO Brad Hill within the REIT’s current second-quarter earnings report.

Cashing in on demand for rental housing

Invitation Houses stands out for its constant dividend report. Since its preliminary public providing in 2017, this REIT, which makes a speciality of single-family rental houses, has elevated its payout annually. The present dividend is $0.29 per share quarterly ($1.16 yearly), giving it a yield approaching 4% at the latest share value.

The REIT owns and manages single-family rental properties in high-demand housing markets. That drives wholesome hire development (4% within the second quarter).

Moreover, Invitation Houses steadily invests capital to develop its rental property portfolio. It spent $350 million to purchase over 1,000 houses within the second quarter. The REIT additionally supplied a developer with $33 million in funding to construct a 156-home group that it could purchase sooner or later. These investments are offering it with incremental sources of revenue to assist its steadily rising dividend.

The title says all of it

Realty Revenue has the most effective dividend observe data within the REIT sector. The corporate has elevated its month-to-month dividend 131 occasions since its public market itemizing in 1994, together with the previous 111 straight quarters. On the REIT’s present fee degree ($0.269 per share a month and $3.228 yearly), it has a yield approaching 6%.

The diversified REIT backs that payout with very steady rental revenue. It leases its retail, industrial, gaming, and different properties to lots of the world’s main corporations underneath long-term triple-net (NNN) agreements. These leases require that tenants cowl all property working prices, together with routine upkeep, actual property taxes, and constructing insurance coverage.

Realty Revenue additionally has a really sturdy monetary profile. That provides it the flexibleness to proceed buying properties secured by long-term internet leases. It at present expects to take a position about $4 billion this 12 months to broaden its portfolio. These new investments will allow the REIT to proceed growing its high-yielding month-to-month dividend.

Excessive-quality, high-yielding REITs

Mid-America Condominium Communities, Invitation Houses, and Realty Revenue pay high-yielding and steadily rising dividends. With extra development forward, they’re nice REITs to purchase this month to gather a rising stream of passive dividend revenue.

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Matt DiLallo has positions in Invitation Houses, Mid-America Condominium Communities, and Realty Revenue. The Motley Idiot has positions in and recommends Invitation Houses, Mid-America Condominium Communities, and Realty Revenue. The Motley Idiot has a disclosure coverage.

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.