5 Indispensable Retirement REITs

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5 Indispensable Retirement REITs

Dividend REITs — National Retail Properties (NNN)

NationalRetailProperties185 5 Indispensable Retirement REITsDividend yield: 4.7%

Next on the list of retirement REITs is a close competitor of Realty Income, National Retail Properties (NNN). Like Realty Income, National Retail is a triple-net retail REIT, hence its ticker symbol. “NNN” represents “triple net.”

Also like Realty Income, NNN has been a serial dividend raiser over the years. The REIT has raised its dividend for 24 consecutive years and counting. NNN sports a current dividend yield of 4.7%, and its payout is plenty safe.

National Retail Properties and Realty Income invest in the same basic types of properties. Your local Walgreen (WAG) pharmacy is a perfect example: a free-standing building in a high-traffic area rented under a long-term lease by a high-quality tenant. These are properties that you can safely bet your retirement on.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/retirement-reits-dividend-yield/.

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