The Top 10 Yields by IndustryWith many investors looking for income as well as capital gains, we now publish the top ten yielding stocks in certain industries each week. Here we look at REITs (scroll down for various sub-categories). These stocks have been selected from a screening program. They are not recommendations to buy or sell. If you have an interest in any of them, please investigate them completely before taking any action. Updated 12/18/07
INDUSTRY: Retail REIT's | Company | Symbol | Div/Yield | EPS | | Resources Capital* | RSO | 17.56% | $0.58 | | JER Investors* | JRT | 16.74% | $1.53 | | NorthStar Realty* | NRF | 14.94% | $0.72 | | Glimcher Realty | GRT | 11.57% | -$1.13 | | Presidential Realty Class B | PDL.B | 11.23% | -$1.18 | | HRPT Properties | HRP | 10.81% | $0.33 | | Lexington Realty | LXP | 9.01% | -$0.45 | | Colonial Properties | CLP | 8.65% | $6.94 | | Hospitality Properties | HPT | 8.56% | $2.27 | | CBL & Associates | CBL | 8.25% | $1.09 | |
| * Comments:
RSO: launched in 2005 to invest in commercial and residential real estate-related securities, and to a lesser extent, commercial finance assets such as syndicated bank loans and equipment leases. Residential mortgage-backed securities account for about half of the REIT's portfolio, although the company intends to continue to diversify its holdings. JRT: invests in and originates real estate structured finance products, primarily commercial mortgage-backed securities (CMBS) and nonconforming mezzanine and other mortgage loans. NRF: primary activities are acquiring, originating, and structuring senior and subordinate debt secured by commercial and multifamily real estate, investing in commercial mortgage-backed securities (CMBS), and acquiring and owning properties net-leased to corporate tenants. |
Updated 12/11/07
INDUSTRY: Residential REITs | Company | Symbol | Div/Yield | EPS | | Sun Communities * | SUI | 10.38% | -$1.41 | | Origen Financial * | ORGN | 7.30% | $0.38 | | Education Realty Trust * | EDR | 6.83% | -$0.30 | | Associated Estates Realty | AEC | 6.05% | -$0.94 | | Apartment Investment & Mgt | AIV | 6.01% | -$1.09 | | Health Care REIT | HCN | 5.96% | $1.21 | | Senior Housing Properties | SNH | 5.89% | $1.10 | | Home Properties Inc. | HME | 5.72% | $0.82 | | Camden Property Trust | CPT | 5.36% | $0.81 | | Mid America Apartment | MAA | 5.12% | $0.51 |
* Comments:
SUI: owns, develops, and operates manufactured housing communities in the Southeast and Midwest. Its portfolio includes around 135 properties with some 47,000 mobile home sites, 5,400 RV sites, and 7,000 home sites. ORGN: makes loans to creditworthy borrowers for manufactured homes and combined loans for land and manufactured homes together in more than 40 states. It also provides servicing for manufactured home and land home loans originated by retailers and brokers. Over the years it has changed its name and focus to concentrate exclusively on manufactured home lending. EDR: owns, operates, and develops residential communities for university students. It owns about 40 communities with approximately 8,000 units in 17 states.
Updated 12/04/07
INDUSTRY: Office REITs | Company | Symbol | Div/Yield | EPS | | American Fin'l Realty Trust * | AFR | 9.24% | -$0.75 | | Liberty Property Trust * | LRY | 8.30% | $1.58 | | Parkway Properties * | PKY | 6.61% | $0.99 | | Maguire Properties | MPG | 6.44% | -$2.71 | | Kilroy Realty | KRC | 3.98% | $1.07 | | Corporate Office Properties | OFC | 3.85% | $0.35 | | Boston Properties | BXP | 2.79% | $9.17 |
* Comments:
AFR: owns and operates properties acquired from and leased back to banks and other financial institutions. The REIT's largest tenants are Bank of America, Wachovia, and until 2007 State Street (a one million sq. ft. Boston property leased to State Street was sold for $889 million), which together account for about three-fourths of its rental revenue. LRY: owns and leases suburban industrial properties and office buildings. The self-managed real estate investment trust (REIT) operates in the Southeast, Mid-Atlantic, and Midwest US and in the UK. It provides leasing, property management, and other tenant services to its portfolio of about 420 industrial properties (including distribution, service, assembly, light manufacturing, and research and development facilities) and nearly 300 office properties. It also has about 40 properties in development. The company's properties encompass nearly 60 million sq. ft.; top tenants include The Vanguard Group and GlaxoSmithKline. Liberty Property Trust bought Republic Property Trust in 2007. PKY: invests in and manages office buildings, primarily in the Southeast, Southwest, and Chicago. Focusing on central business districts, Parkway owns or has interests in nearly 70 buildings in about a dozen states, with more than 13 million sq. ft. of leasable space. Subsidiary Parkway Realty Services provides property management services to third-party clients as well as to its parent.
Updated 11/27/07
INDUSTRY: Industrial REITs | Company | Symbol | Div/Yield | EPS | | U-Store-It Trust * | YSI | 11.55% | -$0.26 | | PMC Commercial Trust * | PCC | 9.92% | $1.21 | | First Industrial * | FR | 7.80% | -$1.13 | | Extra Space Storage Inc. | EXR | 7.34% | $0.49 | | DCT Industrial Trust | DCT | 6.88% | -$0.97 | | Sovran Self Storage | SSS | 6.20% | 1.76% | | BioMed Realty Trust | BMR | 5.91% | $0.84 | | Eastgroup Properties | EGP | 4.58% | $1.01 | | AMB Property | AMB | 3.56% | $2.68 | | Digital Realty | DLR | 3.47% | $0.15 |
* Comments:
YSI: invests in self-storage facilities. The real estate investment trust (REIT) owns and manages approximately 400 facilities totaling more than 25 million sq. ft. located in nearly 30 states. The company also manages about 15 facilities owned by affiliate Rising Tide Development. Amenities include security systems and wider aisles for larger vehicles, as well as climate-controlled units and outdoor storage for vehicles and boats at selected sites. PCC: likes lending to little businesses. The real estate investment trust (REIT) makes small business loans, primarily to limited-service hotel franchisees. The company's loans are secured by first liens on real estate. Most of the loans are written for hotel owner/operators operating under national franchises. About one-quarter of the loans are secured by properties in Texas. FR: A self-administered real estate investment trust (REIT), First Industrial invests in, develops, and manages industrial real estate. Its portfolio consists of some 850 properties in around 30 states, with the largest concentrations in Michigan, Texas, and Colorado. The REIT's nearly 70 million sq. ft. of industrial space is weighted toward light industrial properties, but also includes bulk and regional warehouses, research and development properties, and manufacturing facilities.
Updated 11/20/07
INDUSTRY: Hotel/Motel REITs | Company | Symbol | Div/Yield | EPS | | Ashford Hospitality * | AHT | 11.60% | -$0.05 | | Supertel Hospitality * | SPPR | 8.20% | $0.20 | | MHI Hospitality * | MDH | 7.56% | $0.52 | | Felcor Lodging Corp. | FCH | 7.23% | $0.06 | | Sunstone Hotel | SHO | 6.13% | $1.26 | | LaSalle Hotel | LHO | 5.74% | $0.80 | | Diamondrock Hospitality | DRH | 5.68% | $0.59 | | Strategic Hotels & Resorts | BEE | 5.45% | $0.36 | | Host Hotels & Resorts | HST | 4.44% | $0.88 |
* Comments:
AHT: is in with the inn crowd. A real estate investment trust (REIT), Ashford Hospitality invests in hotel properties and mortgages; it owns more than 80 limited- and full-service properties in about 25 states operating under such brands as Hilton, Independents, Marriott, and Radisson. The firm typically buys distressed hotels for revamping. SPPR: owns about 100 limited-service hotels (including extended-stay properties) containing more than 8,000 rooms. The hotels are in about 25 primarily Midwestern and Eastern states, and operate under such franchised brand names as Super 8 and Comfort Inn. MDH: owns seven full-service hotels operating primarily under the Hilton and Holiday Inn brands in the mid-Atlantic and southeastern US. The company also owns leasehold interests in common areas of the Shell Island Resort in Wilmington, North Carolina.
Updated 11/13/07
INDUSTRY: Healthcare REITs | Company | Symbol | Div/Yield | EPS | | Medical Properties Trust | MPW | 9.38% | $0.87 | | Cogdell Spencer Inc. | CSA | 8.60% | -$0.85 | | Omega Healthcare | OHI | 7.06% | $0.85 | | National Health Investors | NHI | 6.94% | $2.37 | | LTC Properties | LTC | 6.83% | $1.34 | | Universal Health Realty Income | UHT | 6.72% | $1.94 | | Healthcare Realty Trust | HR | 6.36% | $0.71 | | HCP | HCP | 5.76% | $0.60 | | Nationwide Health | NHP | 5.34% | $1.33 | | Ventas Inc. | VTR | 4.52% | $1.36 |
Comments:
MPW: acquires, develops, and leases medical facilities. Formed in 2003, the company owns more than 20 facilities, including physical rehabilitation hospitals, long-term acute care hospitals, and regional and community hospitals in 10 states. CSA: owns, develops, renovates, and manages health care properties, including surgery centers, medical office buildings, and diagnostic centers, most of which are located on hospital campuses. It owns or manages more than 110 properties in 10 primarily southeastern states, totaling more than 5 million sq. ft. of space. OHI: capitalizes on the desire of health care companies to get out of the real estate business by selling their properties and leasing them back. Omega Healthcare Investors owns around 240 long-term care facilities; the company also owns two rehabilitation hospitals. The REIT's portfolio spans about 30 states, with an emphasis on Ohio and Indiana.
Updated 11/06/07
INDUSTRY: Southwestern Banks | Company | Symbol | Div/Yield | EPS | | Arbor Realty Trust | ABR | 15.15% | $4.21 | | Franklin Street Properties | FSP | 8.23% | $0.58 | | UMH Properties | UMH | 8.00% | $0.50 | | Brandywine Realty Trust | BDN | 7.53% | $0.17 | | First Potomac Realty Trust | FPO | 7.04% | $0.02 | | Getty Realty Corp. | GTY | 7.04% | $1.59 | | Duke Realty | DRE | 6.42% | $1.15 | | National Retail Properties | NNN | 6.01% | $1.49 | | Cousins Properties | CUZ | 5.75% | $2.53 | | Pittsburgh & West Virginia RR | PW | 5.60% | $3.57 |
Comments:
ABR: invests in real estate-related bridge (short term financing) and mezzanine loans (large and usually unsecured loans), mortgage-related securities, and interests in first mortgages and preferred and direct equity. FSP: acquires, finances, leases, and manages office properties throughout the US. It owns and manages about 30 properties located mainly in suburban areas; Dallas, Houston, Denver, and Atlanta are its largest markets. The company's FSP Management subsidiary manages the properties. UMH: owns and manages about 30 manufactured home communities containing approximately 6,700 lots in New Jersey, New York, Ohio, Pennsylvania, and Tennessee. The company leases home sites to private homeowners on a monthly basis and rents a small number of homes to residents.
DISCLAIMER: Dividend yields will differ from these tables due to pricing considerations. The table is generated from data that is not as of the close last Friday. Therefore, when you investigate one of these stocks, expect to see a lower or higher yield. Also, not all stocks are included in this list. There may be more in this industry that have a higher yield but due to the methodology of the screening program, they are not listed.
Information has been obtained from sources deemed to be reliable, but The Online Investor makes no guarantee as to the accuracy or completeness of this data. Information is provided for informational purposes only, and The Online Investor shall not be liable for any errors or omissions, or for any actions taken in reliance thereon.
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