REITs: yields and dividends
Falling share prices have pushed some REIT yields up to around 14.6%, making high-yield opportunities available to income-focused buyers as of late March. Ready Capital Corp also announced a quarterly dividend of $0.01 per share payable April 30, with record date March 31 — a tiny payout but a concrete calendar item for income trackers. (forbes.com) (themarketsdaily.com)
Forbes’ Brett Owens named the four REITs on his March watch list as Sabra Health Care REIT (SBRA), Millrose Properties (MRP), Innovative Industrial Properties (IIPR) and MFA Financial (MFA), with yields shown in his piece ranging from about 6.1% to roughly 14.6%. (forbes.com (forbes.com)) MFA Financial, the mortgage-focused REIT cited as the highest-yielding name, shows an annual dividend and market-implied yield in the mid-teens and a market capitalization around $965–$995 million on recent trading screens. (marketbeat.com (marketbeat.com); reitnotes.com (reitnotes.com)) Innovative Industrial Properties is paying $1.90 per share quarterly (annualized $7.60) and those distributions translate to a roughly 14–15% yield on recent quotes, while third-party trackers note payout coverage has been pressured by dividends exceeding recent AFFO. (marketbeat.com (marketbeat.com); dividendhistory.net (dividendhistory.net)) Millrose Properties’ latest filings show a quarterly payout that produces a double-digit yield in the low‑teens area (MarketBeat reported a ~10.6% yield after a recent $0.76 quarterly dividend declaration). (marketbeat.com (marketbeat.com)) Sabra Health Care REIT is listed with a roughly 6.1% yield in the same roundup and the company’s portfolio is described as roughly 360 healthcare properties across the U.S. and Canada. (contrarianoutlook.com (contrarianoutlook.com); simplywall.st (simplywall.st)) Ready Capital’s March investor release also disclosed separate preferred‑stock dividends alongside its common‑share action: Series C preferred holders face a $0.390625 payment and Series E preferred holders a $0.40625 payment on April 15/30 dates as specified in the company filing. (ir.readycapital.com (ir.readycapital.com)) Third-party dividend trackers show wide variation in yield and payout ratios across these names — for example MarketBeat lists MFA’s yield above 15% and IIPR’s yield near 14.7%, and flags payout ratios well above 100% for some high‑yield names. (marketbeat.com (marketbeat.com); marketbeat.com (marketbeat.com))
