<p>房地產投資信託基金（REITs）以提供穩定的股息收入而聞名。它們擁有產生收入的物業，並利用現金流支付不斷增長的股息，通常具有高於平均水平的收益率。</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%) 是我目前推薦購買以收取股息收入的頂級 REITs。以下是我認為這些機會在當前時刻特別吸引人的原因。</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>圖片來源：Getty Images。</p>
<h2>以吸引人的價值獲得高回報</h2>
<p>Realty Income 以其在該行業中最一致的股息記錄之一而脱穎而出。這家多元化的 REIT 擁有零售、工業、博彩和其他物業，自 1994 年上市以來，已增加了 131 次每月股息支付，並且連續 111 個季度提高股息，令人印象深刻。在此期間，房東以 4.2% 的穩健複合年增長率增加了其支付。</p>
<p>目前，Realty Income 的收益率達到令人印象深刻的 5.5%，輕鬆超過 REIT 行業平均水平約 4%，並大幅超過 <strong>S&amp;P 500</strong> 的收益率（不到 1.2%）。推動這一優越收益的一個重要因素是其吸引人的低估值——運營資金（FFO）為 13 倍，而 S&amp;P 500 中其他 REITs 為 18 倍。</p>
<p>儘管估值較低，Realty Income 一直以來提供的總運營回報（結合股息收益和 FFO 增長）始終優於其同行，過去五年的年化回報為 9.7%，而同行為 7.7%。憑藉強大的資產負債表，該 REIT 具備財務靈活性，能夠繼續以穩健的速度增長其投資組合、FFO 和股息。這使其能夠繼續產生吸引人的總回報。</p>
<h2>雙重增長驅動因素</h2>
<p>目前，Mid-America Apartment Communities 的收益率為 4.3%，作為一隻極其可靠的股息股票而脱穎而出。這家公寓所有者在超過 30 年的上市公司歷史中從未減少過股息。儘管並非每年都增加股息，但去年標誌着其令人印象深刻的第 15 次連續年度股息增加。在過去十年中，該 REIT 的支付以 7% 的複合年增長率增長，顯著超過行業平均水平。</p>
<p>由於新公寓供應的增加，該 REIT 最近在其市場上面臨租金增長放緩的挑戰。然而，隨着強勁的租户需求吸收這些新單元，這一逆風正在減弱。現在，隨着新供應有限且強勁的租賃需求持續，未來幾年租金增長率可能會再次加速。</p>
<p>儘管其他開發商已縮減新項目，Mid-America 目前正在推進約 10 億美元的公寓開發項目，涵蓋八個新社區。該公司預計今年將啓動三到四個項目，並擁有充足的土地繼續擴展。租金增長加速，加上這些新開發項目穩定後的增量收入，預計將在未來幾年為該 REIT 帶來強勁的收入和股息增長。</p>
<h2>同行領先的增長應將繼續</h2>
<p>Vici Properties 是一家專注於投資賭場和其他娛樂物業的 REIT，目前收益率為 5.3%。自成立以來，它在所有七年中都增加了股息。在此期間，其支付以 7.4% 的複合年增長率增長，顯著快於其他擁有三重淨（NNN）租約的 REITs 的 2.3% 平均水平。</p>
<p>這一體驗型 REIT 的增長前景依然強勁。隨着其長期 NNN 租約中越來越大比例的租金與通貨膨脹掛鈎——今年為 42%，到 2035 年將上升至 90%——Vici Properties 的租金應會穩步上升，在通貨膨脹保持高位時增長更快。</p>
<p>Vici Properties 還受益於與領先體驗型公司的關係建立策略。這一策略使得該 REIT 能夠隨着其合作伙伴的持續擴展而增長。它通過房地產抵押貸款支持新開發項目，這些貸款通常附帶未來的銷售回租選項，併為現有物業的擴展項目提供資金。它還將從合作伙伴或第三方投資者那裏購買其他物業。</p>
<p>Vici 的成功公式——高股息收入、強勁的租金增長和穩定的新投資——使投資者有可能在未來獲得吸引人的總回報。</p>
<h2>現在購買股息的優秀 REITs</h2>
<p>Realty Income、Mid-America Apartment Communities 和 Vici Properties 在支付和增長股息方面都有強勁的記錄。它們的高收益支付、經過驗證的表現和未來增長潛力使它們成為我目前推薦購買的三大 REITs。</p>

O.PR

VICI

<p>這篇文章強調了三個推薦的房地產投資信託基金（REITs）以獲取股息收入：Realty Income、Mid-America Apartment Communities 和 Vici Properties。Realty Income 擁有穩定的股息記錄，收益率為 5.5%；而 Mid-America 的收益率為 4.3%，由於租賃需求增加，前景強勁。Vici Properties 的收益率為 5.3%，受益於通脹指數租約和戰略合作伙伴關係。這三隻 REITs 都以高收益、穩健的表現和未來增長潛力而受到關注，成為尋求股息的投資者的吸引人投資選擇</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>房地產投資信託基金（REITs）以提供穩定的股息收入而聞名。它們擁有產生收入的物業，並利用現金流支付不斷增長的股息，通常具有高於平均水平的收益率。</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%) 是我目前推薦購買以收取股息收入的頂級 REITs。以下是我認為這些機會在當前時刻特別吸引人的原因。</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>圖片來源：Getty Images。</p>
</div><h2>High returns at an attractive value</h2>
<div class="lb-trans"><h2>以吸引人的價值獲得高回報</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 以其在該行業中最一致的股息記錄之一而脱穎而出。這家多元化的 REIT 擁有零售、工業、博彩和其他物業，自 1994 年上市以來，已增加了 131 次每月股息支付，並且連續 111 個季度提高股息，令人印象深刻。在此期間，房東以 4.2% 的穩健複合年增長率增加了其支付。</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 的收益率達到令人印象深刻的 5.5%，輕鬆超過 REIT 行業平均水平約 4%，並大幅超過 <strong>S&amp;P 500</strong> 的收益率（不到 1.2%）。推動這一優越收益的一個重要因素是其吸引人的低估值——運營資金（FFO）為 13 倍，而 S&amp;P 500 中其他 REITs 為 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>儘管估值較低，Realty Income 一直以來提供的總運營回報（結合股息收益和 FFO 增長）始終優於其同行，過去五年的年化回報為 9.7%，而同行為 7.7%。憑藉強大的資產負債表，該 REIT 具備財務靈活性，能夠繼續以穩健的速度增長其投資組合、FFO 和股息。這使其能夠繼續產生吸引人的總回報。</p>
</div><h2>Dual growth drivers</h2>
<div class="lb-trans"><h2>雙重增長驅動因素</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 的收益率為 4.3%，作為一隻極其可靠的股息股票而脱穎而出。這家公寓所有者在超過 30 年的上市公司歷史中從未減少過股息。儘管並非每年都增加股息，但去年標誌着其令人印象深刻的第 15 次連續年度股息增加。在過去十年中，該 REIT 的支付以 7% 的複合年增長率增長，顯著超過行業平均水平。</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>由於新公寓供應的增加，該 REIT 最近在其市場上面臨租金增長放緩的挑戰。然而，隨着強勁的租户需求吸收這些新單元，這一逆風正在減弱。現在，隨着新供應有限且強勁的租賃需求持續，未來幾年租金增長率可能會再次加速。</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>儘管其他開發商已縮減新項目，Mid-America 目前正在推進約 10 億美元的公寓開發項目，涵蓋八個新社區。該公司預計今年將啓動三到四個項目，並擁有充足的土地繼續擴展。租金增長加速，加上這些新開發項目穩定後的增量收入，預計將在未來幾年為該 REIT 帶來強勁的收入和股息增長。</p>
</div><h2>The peer-leading growth should continue</h2>
<div class="lb-trans"><h2>同行領先的增長應將繼續</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 是一家專注於投資賭場和其他娛樂物業的 REIT，目前收益率為 5.3%。自成立以來，它在所有七年中都增加了股息。在此期間，其支付以 7.4% 的複合年增長率增長，顯著快於其他擁有三重淨（NNN）租約的 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>這一體驗型 REIT 的增長前景依然強勁。隨着其長期 NNN 租約中越來越大比例的租金與通貨膨脹掛鈎——今年為 42%，到 2035 年將上升至 90%——Vici Properties 的租金應會穩步上升，在通貨膨脹保持高位時增長更快。</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 還受益於與領先體驗型公司的關係建立策略。這一策略使得該 REIT 能夠隨着其合作伙伴的持續擴展而增長。它通過房地產抵押貸款支持新開發項目，這些貸款通常附帶未來的銷售回租選項，併為現有物業的擴展項目提供資金。它還將從合作伙伴或第三方投資者那裏購買其他物業。</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、強勁的租金增長和穩定的新投資——使投資者有可能在未來獲得吸引人的總回報。</p>
</div><h2>Great REITs to buy for dividends right now</h2>
<div class="lb-trans"><h2>現在購買股息的優秀 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 在支付和增長股息方面都有強勁的記錄。它們的高收益支付、經過驗證的表現和未來增長潛力使它們成為我目前推薦購買的三大 REITs。</p>
</div>

以下是我目前推薦購買的三隻 REIT 股息股票