<p>房地产投资信托基金（REITs）以提供稳定的股息收入而闻名。它们拥有产生收入的物业，并利用现金流支付不断增长的股息，通常具有高于平均水平的收益率。</p>
<p><strong>Realty Income</strong>(O 1.09%)、<strong>Mid-America Apartment Communities</strong>(MAA 0.62%) 和 <strong>Vici Properties</strong>(VICI -0.24%) 是我目前推荐购买以收取股息收入的顶级 REITs。以下是我认为这些机会在当前时刻特别吸引人的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk3MjMvcGVvcGxlLWxvb2tpbmctdXAtYXQtb2ZmaWNlLWJ1aWxkaW5ncy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk3MjMvcGVvcGxlLWxvb2tpbmctdXAtYXQtb2ZmaWNlLWJ1aWxkaW5ncy5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>以吸引人的价值获得高回报</h2>
<p>Realty Income 以其在该行业中最一致的股息记录之一而脱颖而出。这家多元化的 REIT 拥有零售、工业、博彩和其他物业，自 1994 年上市以来，已增加了 131 次每月股息支付，并且连续 111 个季度提高股息，令人印象深刻。在此期间，房东以 4.2% 的稳健复合年增长率增加了其支付。</p>
<p>目前，Realty Income 的收益率达到令人印象深刻的 5.5%，轻松超过 REIT 行业平均水平约 4%，并大幅超过 <strong>S&amp;P 500</strong> 的收益率（不到 1.2%）。推动这一优越收益的一个重要因素是其吸引人的低估值——运营资金（FFO）为 13 倍，而 S&amp;P 500 中其他 REITs 为 18 倍。</p>
<p>尽管估值较低，Realty Income 一直以来提供的总运营回报（结合股息收益和 FFO 增长）始终优于其同行，过去五年的年化回报为 9.7%，而同行为 7.7%。凭借强大的资产负债表，该 REIT 具备财务灵活性，能够继续以稳健的速度增长其投资组合、FFO 和股息。这使其能够继续产生吸引人的总回报。</p>
<h2>双重增长驱动因素</h2>
<p>目前，Mid-America Apartment Communities 的收益率为 4.3%，作为一只极其可靠的股息股票而脱颖而出。这家公寓所有者在超过 30 年的上市公司历史中从未减少过股息。尽管并非每年都增加股息，但去年标志着其令人印象深刻的第 15 次连续年度股息增加。在过去十年中，该 REIT 的支付以 7% 的复合年增长率增长，显著超过行业平均水平。</p>
<p>由于新公寓供应的增加，该 REIT 最近在其市场上面临租金增长放缓的挑战。然而，随着强劲的租户需求吸收这些新单元，这一逆风正在减弱。现在，随着新供应有限且强劲的租赁需求持续，未来几年租金增长率可能会再次加速。</p>
<p>尽管其他开发商已缩减新项目，Mid-America 目前正在推进约 10 亿美元的公寓开发项目，涵盖八个新社区。该公司预计今年将启动三到四个项目，并拥有充足的土地继续扩展。租金增长加速，加上这些新开发项目稳定后的增量收入，预计将在未来几年为该 REIT 带来强劲的收入和股息增长。</p>
<h2>同行领先的增长应将继续</h2>
<p>Vici Properties 是一家专注于投资赌场和其他娱乐物业的 REIT，目前收益率为 5.3%。自成立以来，它在所有七年中都增加了股息。在此期间，其支付以 7.4% 的复合年增长率增长，显著快于其他拥有三重净（NNN）租约的 REITs 的 2.3% 平均水平。</p>
<p>这一体验型 REIT 的增长前景依然强劲。随着其长期 NNN 租约中越来越大比例的租金与通货膨胀挂钩——今年为 42%，到 2035 年将上升至 90%——Vici Properties 的租金应会稳步上升，在通货膨胀保持高位时增长更快。</p>
<p>Vici Properties 还受益于与领先体验型公司的关系建立策略。这一策略使得该 REIT 能够随着其合作伙伴的持续扩展而增长。它通过房地产抵押贷款支持新开发项目，这些贷款通常附带未来的销售回租选项，并为现有物业的扩展项目提供资金。它还将从合作伙伴或第三方投资者那里购买其他物业。</p>
<p>Vici 的成功公式——高股息收入、强劲的租金增长和稳定的新投资——使投资者有可能在未来获得吸引人的总回报。</p>
<h2>现在购买股息的优秀 REITs</h2>
<p>Realty Income、Mid-America Apartment Communities 和 Vici Properties 在支付和增长股息方面都有强劲的记录。它们的高收益支付、经过验证的表现和未来增长潜力使它们成为我目前推荐购买的三大 REITs。</p>

O.PR

VICI

<p>这篇文章强调了三个推荐的房地产投资信托基金（REITs）以获取股息收入：Realty Income、Mid-America Apartment Communities 和 Vici Properties。Realty Income 拥有稳定的股息记录，收益率为 5.5%；而 Mid-America 的收益率为 4.3%，由于租赁需求增加，前景强劲。Vici Properties 的收益率为 5.3%，受益于通胀指数租约和战略合作伙伴关系。这三只 REITs 都以高收益、稳健的表现和未来增长潜力而受到关注，成为寻求股息的投资者的吸引人投资选择</p>

<p>Real estate investment trusts (REITs) are known for delivering steady dividend income. They own income-producing properties and use the cash flow to pay growing dividends, often with above-average yields.</p>
<div class="lb-trans"><p>房地产投资信托基金（REITs）以提供稳定的股息收入而闻名。它们拥有产生收入的物业，并利用现金流支付不断增长的股息，通常具有高于平均水平的收益率。</p>
</div><p><strong>Realty Income</strong>(O 1.09%), <strong>Mid-America Apartment Communities</strong>(MAA 0.62%), and <strong>Vici Properties</strong>(VICI -0.24%) stand out as the top REITs I recommend for buying to collect dividend income right now. Here's why I think these opportunities are especially compelling at the moment.</p>
<div class="lb-trans"><p><strong>Realty Income</strong>(O 1.09%)、<strong>Mid-America Apartment Communities</strong>(MAA 0.62%) 和 <strong>Vici Properties</strong>(VICI -0.24%) 是我目前推荐购买以收取股息收入的顶级 REITs。以下是我认为这些机会在当前时刻特别吸引人的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjk3MjMvcGVvcGxlLWxvb2tpbmctdXAtYXQtb2ZmaWNlLWJ1aWxkaW5ncy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829723%2Fpeople-looking-up-at-office-buildings.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>High returns at an attractive value</h2>
<div class="lb-trans"><h2>以吸引人的价值获得高回报</h2>
</div><p>Realty Income distinguishes itself with one of the most consistent dividend records in the sector. The diversified REIT, which owns retail, industrial, gaming, and other properties, has increased its monthly dividend payment 131 times since its public market debut in 1994, with an impressive streak of 111 consecutive quarterly raises. Over that time, the landlord has grown its payout at a solid 4.2% compound annual rate.</p>
<div class="lb-trans"><p>Realty Income 以其在该行业中最一致的股息记录之一而脱颖而出。这家多元化的 REIT 拥有零售、工业、博彩和其他物业，自 1994 年上市以来，已增加了 131 次每月股息支付，并且连续 111 个季度提高股息，令人印象深刻。在此期间，房东以 4.2% 的稳健复合年增长率增加了其支付。</p>
</div><p>Currently yielding an impressive 5.5%, Realty Income easily outpaces the REIT sector average of around 4% and dramatically surpasses the <strong>S&amp;P 500</strong> yield of less than 1.2%. A big factor driving this superior yield is its appealingly low valuation -- 13 times funds from operations (FFO), versus 18 for other REITs in the S&amp;P 500.</p>
<div class="lb-trans"><p>目前，Realty Income 的收益率达到令人印象深刻的 5.5%，轻松超过 REIT 行业平均水平约 4%，并大幅超过 <strong>S&amp;P 500</strong> 的收益率（不到 1.2%）。推动这一优越收益的一个重要因素是其吸引人的低估值——运营资金（FFO）为 13 倍，而 S&amp;P 500 中其他 REITs 为 18 倍。</p>
</div><p>Despite its low valuation, Realty Income has consistently delivered better total operational returns -- combining dividend yield and FFO growth -- than its peers, with 9.7% annualized over the past five years compared to 7.7%. With a fortress balance sheet, the REIT has the financial flexibility to continue growing its portfolio, FFO, and dividend at solid rates. That positions it to continue producing attractive total returns.</p>
<div class="lb-trans"><p>尽管估值较低，Realty Income 一直以来提供的总运营回报（结合股息收益和 FFO 增长）始终优于其同行，过去五年的年化回报为 9.7%，而同行为 7.7%。凭借强大的资产负债表，该 REIT 具备财务灵活性，能够继续以稳健的速度增长其投资组合、FFO 和股息。这使其能够继续产生吸引人的总回报。</p>
</div><h2>Dual growth drivers</h2>
<div class="lb-trans"><h2>双重增长驱动因素</h2>
</div><p>Currently yielding 4.3%, Mid-America Apartment Communities stands out as an exceptionally reliable dividend stock. The apartment owner has never reduced its dividends in over 30 years as a public company. Although it hasn't increased its dividend every year, last year marked its impressive 15th consecutive annual dividend increase. Over the past decade, the REIT's payout has grown at a 7% compound annual rate, significantly outperforming the sector average.</p>
<div class="lb-trans"><p>目前，Mid-America Apartment Communities 的收益率为 4.3%，作为一只极其可靠的股息股票而脱颖而出。这家公寓所有者在超过 30 年的上市公司历史中从未减少过股息。尽管并非每年都增加股息，但去年标志着其令人印象深刻的第 15 次连续年度股息增加。在过去十年中，该 REIT 的支付以 7% 的复合年增长率增长，显著超过行业平均水平。</p>
</div><p>The REIT has recently faced slower rent growth in its markets because of an increase in new apartment supply. That headwind is easing, however, as strong renter demand absorbs these new units. Now, with limited new supply on the horizon and robust rental demand persisting, rental growth rates are likely to accelerate again in the coming years.</p>
<div class="lb-trans"><p>由于新公寓供应的增加，该 REIT 最近在其市场上面临租金增长放缓的挑战。然而，随着强劲的租户需求吸收这些新单元，这一逆风正在减弱。现在，随着新供应有限且强劲的租赁需求持续，未来几年租金增长率可能会再次加速。</p>
</div><p>While other developers have scaled back on new projects, Mid-America is currently moving forward with about $1 billion in apartment development projects across eight new communities. The company anticipates starting three to four projects this year and has ample land to continue expanding. Accelerating rent growth, combined with the incremental income as these new developments stabilize, should drive strong income and dividend growth for this REIT in the coming years.</p>
<div class="lb-trans"><p>尽管其他开发商已缩减新项目，Mid-America 目前正在推进约 10 亿美元的公寓开发项目，涵盖八个新社区。该公司预计今年将启动三到四个项目，并拥有充足的土地继续扩展。租金增长加速，加上这些新开发项目稳定后的增量收入，预计将在未来几年为该 REIT 带来强劲的收入和股息增长。</p>
</div><h2>The peer-leading growth should continue</h2>
<div class="lb-trans"><h2>同行领先的增长应将继续</h2>
</div><p>Vici Properties, a REIT focused on investing in casinos and other entertainment properties, currently yields 5.3%. It has increased its dividend in all seven years since its inception. Over that period, its payout has increased at a 7.4% compound annual rate -- significantly faster than the 2.3% average for other REITs with triple net (NNN) leases.</p>
<div class="lb-trans"><p>Vici Properties 是一家专注于投资赌场和其他娱乐物业的 REIT，目前收益率为 5.3%。自成立以来，它在所有七年中都增加了股息。在此期间，其支付以 7.4% 的复合年增长率增长，显著快于其他拥有三重净（NNN）租约的 REITs 的 2.3% 平均水平。</p>
</div><p>Growth prospects remain strong for this experiential REIT. As a larger share of its long-term NNN leases index rent to inflation -- 42% this year, rising to 90% by 2035 -- Vici Properties' rents should steadily climb, growing faster when inflation remains elevated.</p>
<div class="lb-trans"><p>这一体验型 REIT 的增长前景依然强劲。随着其长期 NNN 租约中越来越大比例的租金与通货膨胀挂钩——今年为 42%，到 2035 年将上升至 90%——Vici Properties 的租金应会稳步上升，在通货膨胀保持高位时增长更快。</p>
</div><p>Vici Properties also benefits from its strategy of establishing relationships with leading experiential companies. This approach allows the REIT to grow as its partners continue to expand. It supports new developments through real estate-backed loans, which often come with a future sale-leaseback option, and also funds expansion projects at existing properties. It will also buy other properties from its partners or third-party investors.</p>
<div class="lb-trans"><p>Vici Properties 还受益于与领先体验型公司的关系建立策略。这一策略使得该 REIT 能够随着其合作伙伴的持续扩展而增长。它通过房地产抵押贷款支持新开发项目，这些贷款通常附带未来的销售回租选项，并为现有物业的扩展项目提供资金。它还将从合作伙伴或第三方投资者那里购买其他物业。</p>
</div><p>Vici's winning formula -- high dividend income, strong rent growth, and steady new investments -- positions investors to potentially earn attractive total returns in the future.</p>
<div class="lb-trans"><p>Vici 的成功公式——高股息收入、强劲的租金增长和稳定的新投资——使投资者有可能在未来获得吸引人的总回报。</p>
</div><h2>Great REITs to buy for dividends right now</h2>
<div class="lb-trans"><h2>现在购买股息的优秀 REITs</h2>
</div><p>Realty Income, Mid-America Apartment Communities, and Vici Properties have strong records of paying and growing dividends. Their high-yield payouts, proven performance, and future growth potential make them my top three REITs to buy right now.</p>
<div class="lb-trans"><p>Realty Income、Mid-America Apartment Communities 和 Vici Properties 在支付和增长股息方面都有强劲的记录。它们的高收益支付、经过验证的表现和未来增长潜力使它们成为我目前推荐购买的三大 REITs。</p>
</div>

以下是我目前推荐购买的三只 REIT 股息股票