REIT Dividend Stocks
U.S.-listed real estate investment trusts in our coverage, ranked — with the coverage caveat REITs specifically deserve.
REITs are required to distribute at least 90% of taxable income to keep their tax status, which is why the sector yields more than the broad market: high payout is the design, not a warning by itself.
One number needs translating, though. REIT earnings are depressed by large non-cash depreciation charges, so a REIT's EPS-based payout ratio routinely exceeds 100% while the dividend remains comfortably covered by funds from operations (FFO). Our tables label EPS-based figures accordingly rather than presenting them as normal coverage.
| # | Company | Price | Yield | Frequency | Rank |
|---|---|---|---|---|---|
| 1 | Invitation Homes Inc. INVH | $27.07 | 4.43% | Quarterly | 84 |
| 2 | Camden Property Trust CPT | $98.59 | 4.30% | Quarterly | 84 |
| 3 | First Industrial Realty Trust, Inc. FR | $58.76 | 3.40% | Quarterly | 84 |
| 4 | American Tower Corporation AMT | $185.27 | 3.86% | Quarterly | 83 |
| 5 | Mid-America Apartment Communities, Inc. MAA | $116.63 | 5.25% | Quarterly | 83 |
| 6 | EastGroup Properties, Inc. EGP | $196.37 | 3.56% | Quarterly | 83 |
| 7 | VICI Properties Inc. VICI | $23.60 | 7.80% | Quarterly | 82 |
| 8 | Federal Realty Investment Trust FRT | $106.32 | 4.36% | Quarterly | 81 |
| 9 | Terreno Realty Corporation TRNO | $64.06 | 3.56% | Quarterly | 81 |
| 10 | Equity LifeStyle Properties, Inc. ELS | $61.21 | 3.55% | Quarterly | 81 |
| 11 | Essential Properties Realty Trust, Inc. EPRT | $26.09 | 4.91% | Quarterly | 79 |
| 12 | Essex Property Trust, Inc. ESS | $269.43 | 3.85% | Quarterly | 79 |
| 13 | NNN REIT, Inc. NNN | $41.54 | 5.97% | Quarterly | 79 |
| 14 | Equinix, Inc. EQIX | $985.98 | 2.09% | Quarterly | 78 |
| 15 | NexPoint Residential Trust, Inc. NXRT | $18.37 | 11.54% | Quarterly | 78 |
| 16 | Regency Centers Corporation REG | $73.24 | 4.12% | Quarterly | 78 |
| 17 | Agree Realty Corporation ADC | $67.04 | 4.85% | Monthly | 77 |
| 18 | Realty Income Corporation O | $56.08 | 5.81% | Monthly | 77 |
| 19 | Prologis, Inc. PLD | $125.75 | 3.40% | Quarterly | 76 |
| 20 | Kilroy Realty Corporation KRC | $34.83 | 6.20% | Quarterly | 75 |
| 21 | CubeSmart CUBE | $38.99 | 5.44% | Quarterly | 75 |
| 22 | Getty Realty Corp. GTY | $28.38 | 6.84% | Quarterly | 75 |
| 23 | Phillips Edison & Co. PECO | $38.21 | 3.61% | Monthly | 75 |
| 24 | Four Corners Property Trust, Inc. FCPT | $21.99 | 6.90% | Monthly | 74 |
| 25 | AvalonBay Communities, Inc. AVB | $184.06 | 3.87% | Quarterly | 73 |
| 26 | COPT Defense Properties CDP | $33.29 | 3.85% | Quarterly | 73 |
| 27 | Sunstone Hotel Investors, Inc. SHO | $11.83 | 3.04% | Quarterly | 73 |
| 28 | Public Storage PSA | $298.31 | 4.02% | Quarterly | 72 |
| 29 | Healthpeak Properties, Inc. DOC | $18.98 | 6.43% | Monthly | 72 |
| 30 | SBA Communications Corporation SBAC | $187.06 | 2.67% | Quarterly | 72 |
| 31 | Saul Centers, Inc. BFS | $29.49 | 8.00% | Quarterly | 72 |
| 32 | American Assets Trust, Inc. AAT | $21.28 | 6.39% | Quarterly | 72 |
| 33 | Centerspace CSR | $56.04 | 5.50% | Quarterly | 71 |
| 34 | Equity Residential EQR | $63.66 | 4.41% | Quarterly | 71 |
| 35 | Universal Health Realty Income Trust UHT | $38.15 | 7.86% | Quarterly | 71 |
| 36 | Extra Space Storage Inc. EXR | $139.61 | 4.64% | Quarterly | 71 |
| 37 | Vivmark Residential VMRK | $61.26 | 2.29% | Quarterly | 71 |
| 38 | Brixmor Property Group Inc. BRX | $27.66 | 4.45% | Quarterly | 70 |
| 39 | Kite Realty Group Trust KRG | $24.61 | 4.71% | Quarterly | 70 |
| 40 | RLJ Lodging Trust RLJ | $11.65 | 5.15% | Quarterly | 70 |
| 41 | TPG Mortgage Investment Trust Inc MITT | $5.36 | 17.91% | Quarterly | 70 |
| 42 | CareTrust REIT, Inc. CTRE | $36.55 | 4.27% | Quarterly | 69 |
| 43 | UMH Properties, Inc. UMH | $15.24 | 5.91% | Quarterly | 69 |
| 44 | Ellington Financial Inc. EFC | $11.65 | 13.39% | Monthly | 69 |
| 45 | Independence Realty Trust, Inc. IRT | $14.77 | 4.87% | Quarterly | 69 |
| 46 | Innovative Industrial Properties, Inc. IIPR | $52.39 | 14.51% | Quarterly | 68 |
| 47 | Simon Property Group, Inc. SPG | $205.44 | 4.38% | Quarterly | 68 |
| 48 | STAG Industrial, Inc. STAG | $35.83 | 4.33% | Quarterly | 68 |
| 49 | W. P. Carey Inc. WPC | $65.14 | 5.83% | Quarterly | 67 |
| 50 | Broadstone Net Lease, Inc. BNL | $18.13 | 6.45% | Quarterly | 67 |
Methodology
U.S.-listed common stocks (major U.S. exchanges only; OTC, Canadian and other foreign listings, ADRs, preferred shares and exchange-traded notes are excluded, and an issuer with several share classes appears once) whose industry classification marks them as REITs, ordered by DividendRank. REIT preferreds and notes are left out. Yields are computed from the latest regular payment annualized against the latest price.
What to Keep in Mind
We do not currently carry FFO/AFFO data, the conventional REIT coverage measures — so treat any EPS-based payout figure here as a rough reference, and lean on payment history and rate sensitivity when judging durability. REITs are also more interest-rate sensitive than most sectors.
Frequently asked questions
Why do REITs pay high dividends?
To keep REIT tax treatment they must distribute at least 90% of taxable income, so high payout is structural. The relevant question is whether funds from operations cover the distribution — not the EPS payout ratio, which depreciation distorts.
Is a REIT payout ratio over 100% a red flag?
On an EPS basis, usually not by itself: depreciation depresses REIT earnings without touching cash flow. REIT coverage is conventionally judged on FFO/AFFO instead.
Related Pages
Data updated Oct 19, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.