U.S. – Top Yield Equity REITs by Sector

Reference Date: 27 March 2015

Total 159 REITs Ranked by Dividend Yield

Sec # – Ranking within property sector

Gen # – Ranking within all equity REITs


Property Sector: Diversified

Sector’s Median Price-to-FFO: 17.2

Sector’s Median Dividend Yield: 5.2

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 1 NorthStar Realty Finance Corp. NRF 18.09 0.44* 1.60 10.3* 8.8
2 4 Select Income REIT SIR 25.00 0.63 1.92 9.9 7.7
3 9 Whitestone REIT WSR 16.04 0.22 1.14 18.2 7.1
4 11 Investors Real Estate Trust IRET 7.47 0.17 0.52 11.0 7.0
5 12 Lexington Realty Trust LXP 9.85 0.25 0.68 9.9 6.9
6 15 One Liberty Properties, Inc. OLP 24.45 0.33 1.56 18.5 6.4
7 16 Armada Hoffler Properties, Inc. AHH 10.75 0.20 0.68 13.4 6.3
8 17 EPR Properties EPR 59.41 1.10 3.63 13.5 6.1
9 21 Gaming and Leisure Properties, Inc. WI GLPI 36.95 0.57 2.18 16.2 5.9
10 24 GEO Group Inc GEO 43.78 0.70 2.48 15.6 5.7
11 25 W.P. Carey Inc. WPC 67.48 0.99 3.81 17.0 5.6
12 35 Corrections Corporation of America CXW 41.09 0.67 2.16 15.3 5.3
13 37 DuPont Fabros Technology, Inc. DFT 32.36 0.58 1.68 13.9 5.2
14 38 Iron Mountain, Inc. IRM 36.64 0.28 1.90 32.7 5.2
15 39 Digital Realty Trust, Inc. DLR 65.73 1.40 3.40 11.7 5.2
16 48 Lamar Advertising Company Class A LAMR 58.73 1.43 2.72 10.3 4.6
17 51 OUTFRONT Media Inc. OUT 30.09 0.57 1.36 13.2 4.5
18 59 Washington Real Estate Investment Trust WRE 27.45 0.40 1.20 17.2 4.4
19 78 CyrusOne, Inc. CONE 31.64 0.27 1.26 29.3 4.0
20 100 Gladstone Land Corp. LAND 11.98 0.09 0.42 31.9 3.5
21 102 QTS Realty Trust, Inc. Class A QTS 37.15 0.54 1.28 17.2 3.4
22 103 CoreSite Realty Corporation COR 48.84 0.61 1.68 20.0 3.4
23 115 Alexander’s, Inc. ALX 450.19 4.99 14.00 22.6 3.1
24 132 Gramercy Property Trust Inc. GPT 28.55 0.20 0.80 35.7 2.8
25 145 Vornado Realty Trust VNO 110.94 1.22 2.52 22.7 2.3
26 146 Silver Bay Realty Trust Corp. SBY 16.02 0.12 0.36 33.4 2.2
27 147 Starwood Waypoint Residential Trust SWAY 25.49 0.27 0.56 23.6 2.2
28 148 American Assets Trust, Inc. AAT 43.06 0.42 0.93 25.6 2.2
29 157 American Homes 4 Rent Class A AMH 16.29 0.11 0.20 37.0 1.2

*CAD


Property Sector: Health Care

Sector’s Median Price-to-FFO: 17.8

Sector’s Median Dividend Yield: 4.7

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 10 Senior Housing Properties Trust SNH 22.36 0.48 1.56 11.6 7.0
2 20 Medical Properties Trust, Inc. MPW 14.84 0.15 0.88 24.7 5.9
3 27 New Senior Investment Group Inc SNR 16.69 0.23 0.92 18.1 5.5
4 30 Omega Healthcare Investors, Inc. OHI 40.21 0.68 2.16 14.8 5.4
5 31 HCP, Inc. HCP 42.15 0.70 2.26 15.1 5.4
6 40 Physicians Realty Trust DOC 17.46 0.19 0.90 23.0 5.2
7 44 National Health Investors, Inc. NHI 70.50 1.07 3.40 16.5 4.8
8 45 Sabra Health Care REIT, Inc. SBRA 32.73 0.54 1.56 15.2 4.8
9 46 CareTrust REIT Inc CTRE 13.68 0.24 0.64 14.3 4.7
10 49 Universal Health Realty Income Trust UHT 55.23 0.73 2.54 18.9 4.6
11 52 LTC Properties, Inc. LTC 45.14 0.64 2.04 17.6 4.5
12 58 Healthcare Realty Trust Incorporated HR 27.40 0.38 1.20 18.0 4.4
13 68 Health Care REIT, Inc. HCN 77.78 0.86 3.30 22.6 4.2
14 69 Healthcare Trust of America, Inc. Class A HTA 27.58 0.33 1.16 20.9 4.2
15 77 Aviv REIT, Inc. AVIV 36.10 0.42 1.44 21.5 4.0
16 112 Ventas, Inc. VTR 72.32 1.16 3.16 15.6 4.4*

*updated after posting.


Property Sector: Infrastructure

Sector’s Median Price-to-FFO: 21.5

Sector’s Median Dividend Yield: 3.9

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 6 CorEnergy Infrastructure Trust, Inc. CORR 6.89 0.08 0.52 21.5 7.5
2 83 Crown Castle International Corp CCI 84.81 1.17 3.28 18.1 3.9
3 154 American Tower Corporation AMT 96.04 1.00 1.68 24.0 1.7

Property Sector: Lodging/Resorts

Sector’s Median Price-to-FFO: 16.2

Sector’s Median Dividend Yield: 3.9

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 18 Hospitality Properties Trust HPT 32.58 0.87 1.96 9.4 6.0
2 42 Ashford Hospitality Trust, Inc. AHT 9.63 0.21 0.48 11.5 5.0
3 60 Hersha Hospitality Trust Class A HT 6.47 0.12 0.28 13.5 4.3
4 65 RLJ Lodging Trust RLJ 30.63 0.53 1.32 14.4 4.3
5 66 Ryman Hospitality Properties, Inc. RHP 60.85 1.76 2.60 8.6 4.3
6 71 Chesapeake Lodging Trust CHSP 33.70 0.38 1.40 22.2 4.2
7 72 Chatham Lodging Trust CLDT 28.95 0.23 1.20 31.5 4.1
8 76 Host Hotels & Resorts, Inc. HST 20.04 0.40 0.80 12.5 4.0
9 80 LaSalle Hotel Properties LHO 38.51 0.58 1.50 16.6 3.9
10 92 Sotherly Hotels Inc. SOHO 7.54 0.18 0.28 10.5 3.7
11 98 DiamondRock Hospitality Company DRH 13.99 0.19 0.50 18.4 3.6
12 105 Summit Hotel Properties, Inc., INN 13.83 0.19 0.47 18.2 3.4
13 136 Pebblebrook Hotel Trust PEB 45.69 0.43 1.24 26.6 2.7
14 156 FelCor Lodging Trust Incorporated FCH 11.37 0.11 0.16 25.8 1.4
15 158 Sunstone Hotel Investors, Inc. SHO 16.42 0.26 0.20 15.8 1.2
16 159 Ashford Hospitality Prime, Inc. AHP 16.70 0.21 0.20 19.9 1.2

Property Sector: Industrial/Office

Sector’s Median Price-to-FFO: 16.3

Sector’s Median Dividend Yield: 3.8

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 2 Gladstone Commercial Corporation GOOD 18.46 0.65 1.50 7.1 8.1
2 5 Government Properties Income Trust GOV 22.70 0.56 1.72 10.1 7.6
3 7 City Office REIT, Inc. CIO 12.76 0.18 0.94 17.7 7.4
4 13 Chambers Street Properties CSG 7.85 0.14 0.51 14.0 6.5
5 19 Franklin Street Properties Corp. FSP 12.71 0.27 0.76 11.8 6.0
6 23 STAG Industrial, Inc. STAG 23.54 0.34 1.35 17.3 5.7
7 28 Monmouth Real Estate Investment Corporation Class A MNR 11.04 0.14 0.60 19.7 5.4
8 34 Liberty Property Trust LPT 35.97 0.67 1.90 13.4 5.3
9 41 First Potomac Realty Trust FPO 11.89 0.27 0.60 11.0 5.0
10 47 BioMed Realty Trust, Inc. BMR 22.35 0.35 1.04 16.0 4.7
11 50 Piedmont Office Realty Trust, Inc. Class A PDM 18.46 0.40 0.84 11.5 4.6
12 53 New York REIT, Inc. NYRT 10.26 0.23 0.46 11.2 4.5
13 54 Columbia Property Trust, Inc. CXP 26.88 0.49 1.20 13.7 4.5
14 62 Parkway Properties, Inc. PKY 17.37 0.31 0.75 14.0 4.3
15 84 EastGroup Properties, Inc. EGP 59.32 0.91 2.28 16.3 3.8
16 85 Corporate Office Properties Trust OFC 28.75 0.34 1.10 21.1 3.8
17 86 Brandywine Realty Trust BDN 15.89 0.30 0.60 13.2 3.8
18 90 Highwoods Properties, Inc. HIW 45.33 0.74 1.70 15.3 3.8
19 106 Prologis, Inc. PLD 43.04 0.52 1.44 20.7 3.3
20 109 DCT Industrial Trust Inc. DCT 34.46 0.46 1.12 18.7 3.3
21 113 Mack-Cali Realty Corporation CLI 19.11 0.34 0.60 14.1 3.1
22 114 Duke Realty Corporation DRE 21.70 0.20 0.68 27.1 3.1
23 116 Rexford Industrial Realty, Inc. REXR 15.60 0.19 0.48 20.5 3.1
24 117 Alexandria Real Estate Equities, Inc. ARE 97.40 0.86 2.96 28.3 3.0
27 120 Cousins Properties Incorporated CUZ 10.63 0.24 0.32 11.1 3.0
25 125 Terreno Realty Corporation TRNO 22.32 0.20 0.64 27.9 2.9
26 126 Douglas Emmett, Inc DEI 29.35 0.39 0.84 18.8 2.9
28 141 First Industrial Realty Trust, Inc. FR 20.86 0.32 0.51 16.3 2.4
29 142 PS Business Parks, Inc. PSB 82.16 2.17 2.00 9.5 2.4
30 149 Paramount Group, Inc. PGRE 19.14 0.39 0.38 12.3 2.0
31 150 SL Green Realty Corp. SLG 127.74 1.43 2.40 22.3 1.9
32 151 Boston Properties, Inc. BXP 139.81 1.26 2.60 27.7 1.9
33 152 Kilroy Realty Corporation KRC 75.48 0.78 1.40 24.2 1.9
34 153 Empire State Realty Trust, Inc. Class A ESRT 18.75 0.22 0.34 21.3 1.8
35 155 Hudson Pacific Properties, Inc. HPP 32.30 0.24 0.50 33.6 1.5

Property Sector: Retail

Sector’s Median Price-to-FFO: 18.8

Sector’s Median Dividend Yield: 3.8

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 22 Spirit Realty Capital, Inc. SRC 11.84 0.20 0.68 14.8 5.7
2 26 Agree Realty Corporation ADC 32.60 0.57 1.80 14.3 5.5
3 29 CBL & Associates Properties, Inc. CBL 19.53 0.82 1.06 6.0 5.4
4 32 Inland Real Estate Corporation IRC 10.65 0.25 0.57 10.7 5.4
5 36 Excel Trust, Inc EXL 13.86 0.15 0.72 23.1 5.2
6 43 Getty Realty Corp. GTY 18.16 0.38 0.88 11.9 4.8
7 55 Realty Income Corporation O 51.06 0.64 2.27 19.9 4.5
8 56 Urstadt Biddle Properties Inc. Class A UBA 22.93 0.24 1.02 23.9 4.4
9 63 STORE Capital Corporation STOR 23.18 0.32 1.00 18.1 4.3
10 64 Ramco-Gershenson Properties Trust RPT 18.55 0.05 0.80 92.8 4.3
11 67 Retail Properties of America, Inc. Class A RPAI 15.61 0.26 0.66 15.0 4.2
12 70 National Retail Properties, Inc. NNN 40.42 0.56 1.68 18.0 4.2
13 81 Kite Realty Group Trust KRG 28.10 0.50 1.09 14.1 3.9
14 82 Weingarten Realty Investors WRI 35.59 0.51 1.38 17.4 3.9
15 87 Retail Opportunity Investments Corp. ROIC 18.03 0.21 0.68 21.5 3.8
16 88 Rouse Properties, Inc. RSE 19.10 0.36 0.72 13.3 3.8
17 91 DDR Corp. DDR 18.47 0.22 0.69 21.0 3.7
18 94 Pennsylvania Real Estate Investment Trust PEI 23.11 0.59 0.84 9.8 3.6
19 95 Kimco Realty Corporation KIM 26.52 0.38 0.96 17.4 3.6
20 101 Brixmor Property Group, Inc. BRX 26.12 0.43 0.90 15.2 3.4
21 107 Equity One, Inc. EQY 26.51 0.25 0.88 26.5 3.3
22 118 Saul Centers, Inc. BFS 56.70 0.62 1.72 22.9 3.0
23 119 Macerich Company MAC 86.15 0.99 2.60 21.8 3.0
24 121 Taubman Centers, Inc. TCO 76.75 0.54 2.26 35.5 2.9
25 122 Simon Property Group, Inc. SPG 194.26 2.47 5.60 19.7 2.9
26 123 Regency Centers Corporation REG 67.46 0.78 1.94 21.6 2.9
27 133 Acadia Realty Trust AKR 34.38 0.30 0.96 28.7 2.8
28 134 Tanger Factory Outlet Centers, Inc. SKT 35.10 0.40 0.96 21.9 2.7
29 137 Cedar Realty Trust, Inc. CDR 7.43 0.12 0.20 15.5 2.7
30 139 WP GLIMCHER, Inc WPG 16.59 0.46 0.44 9.0 2.7
31 143 Federal Realty Investment Trust FRT 145.66 1.13 3.48 32.2 2.4
32 144 General Growth Properties, Inc. GGP 29.55 0.38 0.68 19.4 2.3

Property Sector: Residential

Sector’s Median Price-to-FFO: 19.4

Sector’s Median Dividend Yield: 3.6

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 3 Independence Realty Trust, Inc. IRT 9.31 0.14 0.72 16.6 7.7
2 8 UMH Properties, Inc. UMH 10.00 0.16 0.72 15.6 7.2
3 14 Preferred Apartment Communities, Inc. APTS 10.88 0.25 0.70 10.9 6.4
4 33 Trade Street Residential, Inc. TSRE 7.13 0.05 0.38 35.7 5.3
5 57 Home Properties, Inc. HME 68.92 1.16 3.04 14.9 4.4
6 73 Education Realty Trust, Inc. EDR 35.00 0.52 1.44 16.8 4.1
7 75 Mid-America Apartment Communities, Inc. MAA 76.73 1.35 3.08 14.2 4.0
8 79 Sun Communities, Inc. SUI 66.30 0.50 2.60 33.2 3.9
9 96 Camden Property Trust CPT 77.48 0.99 2.80 19.6 3.6
10 97 American Campus Communities, Inc. ACC 42.08 0.73 1.52 14.4 3.6
11 104 Associated Estates Realty Corporation AEC 24.62 0.33 0.84 18.7 3.4
12 108 UDR, Inc. UDR 33.91 0.40 1.11 21.2 3.3
13 110 Monogram Residential Trust Inc MORE 9.31 0.06 0.30 38.8 3.2
14 124 AvalonBay Communities, Inc. AVB 174.12 1.76 5.00 24.7 2.9
15 127 Apartment Investment and Management Company Class A AIV 39.38 0.54 1.12 18.2 2.8
16 129 Post Properties, Inc. PPS 56.56 0.73 1.60 19.4 2.8
17 130 Equity Residential EQR 78.45 0.87 2.21 22.5 2.8
18 135 Equity LifeStyle Properties, Inc. ELS 55.11 0.66 1.50 20.9 2.7
19 140 Essex Property Trust, Inc. ESS 232.37 2.29 5.76 25.4 2.5

Property Sector: Timber

Sector’s Median Price-to-Earnings: 27.8

Sector’s Median Dividend Yield: 3.8

Sec # Gen # Company Ticker Share Price Q4 14 Earnings Annual Dividend Price-to-Earnings Div. Yield
1 61 CatchMark Timber Trust, Inc. Class A CTT 11.57 0.05 0.50 57.9 4.3
2 74 Plum Creek Timber Company, Inc. PCL 43.42 0.39 1.76 27.8 4.1
3 89 Potlatch Corporation PCH 39.82 0.49 1.50 20.3 3.8
4 93 Rayonier Inc. RYN 27.00 0.07 1.00 96.4 3.7
5 99 Weyerhaeuser Company WY 33.05 0.31 1.16 26.7 3.5

Property Sector: Self-Storage

Sector’s Median Price-to-FFO: 22.8

Sector’s Median Dividend Yield: 2.8

Sec # Gen # Company Ticker Share Price Q4 14 FFO Annual Dividend Price-to-FFO Div. Yield
1 111 Sovran Self Storage SSS 93.52 1.08 3.00 21.6 3.2
2 128 Public Storage PSA 197.48 2.17 5.60 22.8 2.8
3 131 Extra Space Storage EXR 66.98 0.62 1.88 27.0 2.8
4 138 CubeSmart CUBE 23.80 0.26 0.64 22.9 2.7

Notes from the author

This is not a recommendation to buy or sell stocks. The highest-yielding stocks are not necessarily the best choice for your portfolio. The purpose of this ranking is to shorten your stock analysis by enabling comparison of stock and sector performance. This is a snapshot of information available on 27 March 2015. Please perform your own due diligence before acting.

The equity REITs are constituent companies of the FTSE NAREIT All REITs Index as of 28 February 2015.

Companies whose equity market capitalization is lower than $100 million have been disregarded.

The following companies have been disregarded due to no dividend distribution, lack of FFO data, or negative FFO:

Company
American Realty Capital Properties, Inc. Class A ARCP
Bluerock Residential Growth REIT, Inc. Class A BRG
Xenia Hotels & Resorts, Inc. XHR
Urban Edge Properties UE
InfraREIT, Inc. HIFR
Winthrop Realty Trust FUR
Easterly Government Properties, Inc. DEA
Strategic Hotels & Resorts, Inc. BEE
Equity Commonwealth EQC
American Residential Properties, Inc. ARPI
Equinix, Inc. EQIX
Campus Crest Communities, Inc. CCG

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Written by Heli Brecailo

Disclaimer This newsletter is not engaged in rendering tax, accounting, or other professional advice through this publication. No statement in this issue is to be construed as a recommendation to buy or sell any security or other investment. Please do your own due diligence before making any investment decision. Some information presented in this publication has been obtained from third-party sources considered to be reliable. Sources are not required to make representations as to the accuracy of the information, however, and consequently the publisher cannot guarantee accuracy. Disclosure The author has no positions in any shares mentioned, and no plans to initiate any positions within the next 72 hours.​