動画公開日：2023-07-03 23:55:30
Today, we look at 2 high yield REIT buying opportunities that pay a 10% dividend yield. These are more speculative dividend stocks, but they are undervalued and offer high dividend yields that should be sustainable and also enjoy significant upside potential. These 2 cheap REITs are among the best REITs to buy for 2023 and they fit nicely in the dividend portfolio of an aggressive dividend investor. They are Cibus Nordics (CIBUS), a European peer of Regency Centers, and NewLake Capital Partners (NLCP), a close peer of Innovative Industrial Properties (IIPR). They are not as famous as Realty Income (O Stock), but they are even more attractive. 🎁You can access my entire REIT Portfolio by taking a 2-week free trial to my REIT newsletter, High Yield Landlord: https://seekingalpha.com/checkout?service_id=mp_1268
Here are two of my top REITs to buy today:
Cibus Nordics (CIBUS Stock) is a European peer of US REITs Federal Realty Trust (FRT REIT) and Regency Centers (REG REIT). It is not officially structured as a REIT but it behaves like one. It buys grocery-anchored properties that enjoy steadily rising rents. It is today heavily discounted because its balance sheet is a bit stretched but I believe that the company will manage to address this issue. Its rents are rising rapidly and this should lead to rapid deleveraging in 2023 and 2024. The dividend yield is about 10%.
NewLake Capital REIT (NLCP) is a close peer of Innovative Industrial Properties (IIPR). They are REITs that specialize in cannabis cultivation facilities. These are higher risk sectors, but they are also a lot more rewarding due to the lack of capital chasing these assets. NLCP compensates for this higher risk by having a strong balance sheet with no debt and lots of liquidity. Its dividend yield is now 12% and it should be sustainable. The company has even enough liquidity to buy back shares at these discounted levels.
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Image sources: NLCP, IIPR, CIBUS, NAREIT, YCHARTS, EPRA, Canva
Important Disclaimer: Leonberg Capital holds positions in CIBUS, FRT, REG, and NLCP. This video is impersonal and does not provide individualized advice or recommendations for any specific person. Viewers/readers should not make any investment decision without conducting their own due diligence and consulting their financial advisor about their specific situation. This video is for entertainment purposes only and you are responsible for your own investment decisions. The information is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The opinions expressed are those of the publisher and are subject to change without notice. This YouTube channel is managed by Leonberg Research OÜ, a subsidiary of Leonberg Capital OÜ.
#reits #dividend #passiveincome
