When the June consumer price index hit an astonishing 9.1% year-over-year in July, most consumers would probably say the inflation rate certainly looks a lot higher than that. We know gasoline has gone up a lot more than that since this time last year, as have grocery prices. In a period of runaway inflation like the one we are currently experiencing, it makes sense to buy durable assets, and real estate is one of the best.
Real estate investment trusts (REITs) are a convenient way to own commercial and residential real estate, and many pay some of the best dividends of any asset class. However, most only pay quarterly, or four times a year, so there are at least 90 days between dividends.
Since most Americans receive bills that need to be paid monthly, we decided to filter our 24/7 REIT search universe for Buy-rated companies that pay monthly dividends. We’ve found six that are suitable for income investors looking for reliable distributions and a degree of security.
It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.
Broadmark Real Estate
Although similar to a mortgage REIT, this top-tier company is an investor in what are known as trust loans. Broadmark Realty Capital Inc. (NYSE: BRMK) engages in the underwriting, financing, servicing and management of a portfolio of short-term loans and first indenture to finance the construction, development and investment in residential or commercial properties in the United States. .
The Company also offers short-term loans and real estate-secured first indentures to finance the construction, development and investment in residential or commercial properties. The company elected to be taxed as a real estate investment trust. Therefore, it is not subject to corporation tax on the portion of its net income that is distributed to shareholders.
Investors receive a distribution of 11.29%. Raymond James has a target price of $11 on shares of Broadmark Realty Capital. The consensus target is just $8.17, and Wednesday’s final trade was reported at $7.44.
This REIT invests in some of the most popular entertainment companies. EPR Properties Inc. (NYSE: EPR) is a leading experiential net rental REIT specializing in select sustainable experiential properties in the real estate industry.