Real estate is a time-tested investment that has produced significant wealth for many investors over the years. However, owning and managing real estate can be complex and requires significant capital and expertise. This is where Real Estate Investment Trusts (REITs) come in. REITs offer a way for investors to invest in real estate without the hassle of owning and managing properties themselves.
There are several advantages to investing in REITs. For one, REITs offer investors a way to diversify their portfolio with exposure to the real estate market. Additionally, because REITs are required to distribute most of their taxable income to shareholders, they can offer investors a reliable source of income in the form of dividends. Finally, because REITs are professionally managed, investors don’t have to worry about the day-to-day operations of the properties they own.
Here are a few examples of a publicly-traded REIT found on the Bamboo app:
- Getty Realty Corp (GTY)
Getty Realty Corp is a real estate investment trust (REIT) that specializes in owning, leasing, and financing convenience store and gas station properties. The company was founded in 1955 and has since grown to own over 1,000 properties in 28 states in the United States. Getty Realty’s tenants include a variety of convenience store and gas station operators such as 7-Eleven, BP, and Circle K. The company’s focus on the convenience store and gas station market has allowed it to benefit from the steady demand for these types of properties.
Getty Realty’s management team has also demonstrated a commitment to maintaining a strong balance sheet and paying regular dividends to its shareholders. Overall, Getty Realty’s portfolio of well-located properties and strong tenant relationships make it a compelling option for investors looking for exposure to the convenience store and gas station market.
- VICI Properties Inc (VICI)
VICI Properties, Inc. is a real estate investment trust (REIT) that was founded in 2017 and is headquartered in New York City. The company specializes in the ownership and acquisition of gaming, hospitality, and entertainment properties in the United States.
VICI Properties‘ portfolio includes properties such as Caesars Palace, Harrah’s Las Vegas, and the Cromwell in Las Vegas, as well as the Harrah’s Resort Atlantic City, Harrah’s New Orleans, and Caesars Palace in Atlantic City. The company also owns several golf courses, including the Rio Secco Golf Club in Las Vegas.
- Gaming and Leisure Properties, Inc.(GLPI)
Gaming and Leisure Properties, Inc. primarily owns and leases out gaming and related facilities. The company was formed in 2013 as a spinoff from Penn National Gaming, Inc. and has since grown to own over 40 properties in 18 states in the United States. GLPI’s tenants include a variety of gaming operators such as Penn National Gaming, Eldorado Resorts, and Boyd Gaming Corporation.
In addition to gaming facilities, GLPI also owns and leases out hotels, restaurants, and other leisure properties. The company’s focus on owning real estate assets rather than operating gaming facilities has allowed it to maintain stable cash flows and dividends for its investors.
- CareTrust REIT, Inc.
CareTrust REIT, Inc.focuses on acquiring, owning, and leasing out healthcare properties. The company was established in 2014 as a spinoff from The Ensign Group, Inc. and has since grown to own over 240 properties in 39 states in the United States. CareTrust’s portfolio includes skilled nursing facilities, senior housing communities, and medical office buildings. The company’s tenants include a variety of healthcare operators such as Ensign Group, Inc., Genesis Healthcare, and Signature Healthcare.
CareTrust’s strategy of investing in healthcare real estate has allowed it to benefit from the growing demand for healthcare services in the United States. The company also prides itself on maintaining strong relationships with its tenants and providing high-quality real estate solutions for the healthcare industry.
In conclusion, real estate investment trusts (REITs) provide investors with a unique way to invest in the real estate market without directly owning property. REITs are companies that own, operate, and finance income-generating real estate properties, and they must distribute at least 90% of their taxable income to shareholders in the form of dividends. There are many types of REITs available, including those that specialize in owning and leasing out properties such as office buildings, apartment complexes, healthcare facilities, and convenience stores. REITs offer investors the benefits of diversification, liquidity, and potentially higher yields than other investment options. Overall, REITs can be a valuable addition to a well-diversified investment portfolio.