High Yield REITs for 2026

75 Income-Producing Properties.

Anish DasCurated by Anish Das
Refreshed Jun 20, 2026

REITs must distribute at least 90% of taxable income by law, which is why equity REIT yields run 4–8% sustained by rent from real property — not by management choice, but by structure. This screen filters for yield above 4% and market cap above $1B, separating established income-producing REITs from smaller, more speculative vehicles. Sorted by yield descending; payout ratio, FCF margin, total return, and D/E columns provide deeper context (note: the EPS-based payout ratio looks inflated for REITs — the FFO section below explains the correct metric).

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Screen VitalsLive Metrics
High Yield REITs
75
Avg Yield
7.42%
Avg FCF Margin
34.05%
Avg Market Cap
$8.91B
Real Estate Exposure
Physical Property Income
High Yield
Minimum 4% Yield
Institutional Quality
$1B+ Market Cap
Mandatory Payout
90% Taxable Income Rule
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Compare Top 3 Open Screener
TickerCompanyDiv YieldPayout RatioDiv Growth 3YGrowth Stk (Yrs)Total Ret 1Y
Arbor Realty Trust, Inc.29.3%215%-9.1%0-38.7%
Orchid Island Capital, Inc.20.8%112.5%-9.1%014.9%
ARMOUR Residential REIT, Inc.17.9%87.8%-21.7%018.5%
Dynex Capital, Inc.15.1%77.3%9.4%223.7%
AGNC Investment Corp.15.1%95.9%0%027.6%
Ellington Financial Inc.13.7%125%-4.7%017.2%
Two Harbors Investment Corp.13.3%—-20.6%027.8%
Annaly Capital Management, Inc.13.2%92.8%-7.3%130.4%
Innovative Industrial Properties, Inc.12.8%189%1.8%916.1%
Rithm Capital Corp.12.4%94.4%0%0-9.1%
Starwood Property Trust, Inc.11.9%162.5%0%0-7.1%
Alexandria Real Estate Equities, Inc.10.5%—-15.9%0-22.2%
Blackstone Mortgage Trust, Inc.10.4%294.5%-8.8%03.4%
Park Hotels & Resorts Inc.9.6%—0%354.3%
Apollo Commercial Real Estate Finance, Inc.9.4%111.5%-10.6%020.7%
Global Net Lease, Inc.9.3%—-22%036.2%
Ladder Capital Corp9.1%182.9%0%04.9%
Easterly Government Properties, Inc.9.1%—19.3%09.1%
Rayonier Inc.8.8%61.6%-1.5%13.7%
Chimera Investment Corporation7.7%37.3%-18.8%18.5%
Sun Communities, Inc.7.1%76%5.7%9-2.6%
Gaming and Leisure Properties, Inc.7%105.7%3.4%52.9%
Alexander's, Inc.6.9%327.5%0%021.7%
Highwoods Properties, Inc.6.7%135.8%0%0-1.7%
VICI Properties Inc.6.6%66.8%4.9%8-11.8%
EPR Properties6.6%105.7%2.4%46.9%
Sabra Health Care REIT, Inc.6.5%186%0%05.7%
Americold Realty Trust, Inc.6.5%—1.5%1-10.8%
Douglas Emmett, Inc.6.5%782.3%0%0-15.7%
LTC Properties, Inc.6.3%91%0%09.4%
ABR logoABR
Arbor Realty Trust, Inc.
-38.7%
29.3%Div Yield
Payout Ratio215%
Div Growth 3Y-9.1%
Growth Stk (Yrs)0
Total Ret 1Y-38.7%
ORC logoORC
Orchid Island Capital, Inc.
14.9%
20.8%Div Yield
Payout Ratio112.5%
Div Growth 3Y-9.1%
Growth Stk (Yrs)0
Total Ret 1Y14.9%
ARR logoARR
ARMOUR Residential REIT, Inc.
18.5%
17.9%Div Yield
Payout Ratio87.8%
Div Growth 3Y-21.7%
Growth Stk (Yrs)0
Total Ret 1Y18.5%
DX logoDX
Dynex Capital, Inc.
23.7%
15.1%Div Yield
Payout Ratio77.3%
Div Growth 3Y9.4%
Growth Stk (Yrs)2
Total Ret 1Y23.7%
AGNC logoAGNC
AGNC Investment Corp.
27.6%
15.1%Div Yield
Payout Ratio95.9%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y27.6%
EFC logoEFC
Ellington Financial Inc.
17.2%
13.7%Div Yield
Payout Ratio125%
Div Growth 3Y-4.7%
Growth Stk (Yrs)0
Total Ret 1Y17.2%
TWO logoTWO
Two Harbors Investment Corp.
27.8%
13.3%Div Yield
Payout Ratio—
Div Growth 3Y-20.6%
Growth Stk (Yrs)0
Total Ret 1Y27.8%
NLY logoNLY
Annaly Capital Management, Inc.
30.4%
13.2%Div Yield
Payout Ratio92.8%
Div Growth 3Y-7.3%
Growth Stk (Yrs)1
Total Ret 1Y30.4%
IIPR logoIIPR
Innovative Industrial Properties, Inc.
16.1%
12.8%Div Yield
Payout Ratio189%
Div Growth 3Y1.8%
Growth Stk (Yrs)9
Total Ret 1Y16.1%
RITM logoRITM
Rithm Capital Corp.
-9.1%
12.4%Div Yield
Payout Ratio94.4%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y-9.1%
STWD logoSTWD
Starwood Property Trust, Inc.
-7.1%
11.9%Div Yield
Payout Ratio162.5%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y-7.1%
ARE logoARE
Alexandria Real Estate Equities, Inc.
-22.2%
10.5%Div Yield
Payout Ratio—
Div Growth 3Y-15.9%
Growth Stk (Yrs)0
Total Ret 1Y-22.2%
BXMT logoBXMT
Blackstone Mortgage Trust, Inc.
3.4%
10.4%Div Yield
Payout Ratio294.5%
Div Growth 3Y-8.8%
Growth Stk (Yrs)0
Total Ret 1Y3.4%
PK logoPK
Park Hotels & Resorts Inc.
54.3%
9.6%Div Yield
Payout Ratio—
Div Growth 3Y0%
Growth Stk (Yrs)3
Total Ret 1Y54.3%
ARI logoARI
Apollo Commercial Real Estate Finance, Inc.
20.7%
9.4%Div Yield
Payout Ratio111.5%
Div Growth 3Y-10.6%
Growth Stk (Yrs)0
Total Ret 1Y20.7%
GNL logoGNL
Global Net Lease, Inc.
36.2%
9.3%Div Yield
Payout Ratio—
Div Growth 3Y-22%
Growth Stk (Yrs)0
Total Ret 1Y36.2%
LADR logoLADR
Ladder Capital Corp
4.9%
9.1%Div Yield
Payout Ratio182.9%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y4.9%
DEA logoDEA
Easterly Government Properties, Inc.
9.1%
9.1%Div Yield
Payout Ratio—
Div Growth 3Y19.3%
Growth Stk (Yrs)0
Total Ret 1Y9.1%
RYN logoRYN
Rayonier Inc.
3.7%
8.8%Div Yield
Payout Ratio61.6%
Div Growth 3Y-1.5%
Growth Stk (Yrs)1
Total Ret 1Y3.7%
CIM logoCIM
Chimera Investment Corporation
8.5%
7.7%Div Yield
Payout Ratio37.3%
Div Growth 3Y-18.8%
Growth Stk (Yrs)1
Total Ret 1Y8.5%
SUI logoSUI
Sun Communities, Inc.
-2.6%
7.1%Div Yield
Payout Ratio76%
Div Growth 3Y5.7%
Growth Stk (Yrs)9
Total Ret 1Y-2.6%
GLPI logoGLPI
Gaming and Leisure Properties, Inc.
2.9%
7%Div Yield
Payout Ratio105.7%
Div Growth 3Y3.4%
Growth Stk (Yrs)5
Total Ret 1Y2.9%
ALX logoALX
Alexander's, Inc.
21.7%
6.9%Div Yield
Payout Ratio327.5%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y21.7%
HIW logoHIW
Highwoods Properties, Inc.
-1.7%
6.7%Div Yield
Payout Ratio135.8%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y-1.7%
VICI logoVICI
VICI Properties Inc.
-11.8%
6.6%Div Yield
Payout Ratio66.8%
Div Growth 3Y4.9%
Growth Stk (Yrs)8
Total Ret 1Y-11.8%
EPR logoEPR
EPR Properties
6.9%
6.6%Div Yield
Payout Ratio105.7%
Div Growth 3Y2.4%
Growth Stk (Yrs)4
Total Ret 1Y6.9%
SBRA logoSBRA
Sabra Health Care REIT, Inc.
5.7%
6.5%Div Yield
Payout Ratio186%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y5.7%
COLD logoCOLD
Americold Realty Trust, Inc.
-10.8%
6.5%Div Yield
Payout Ratio—
Div Growth 3Y1.5%
Growth Stk (Yrs)1
Total Ret 1Y-10.8%
DEI logoDEI
Douglas Emmett, Inc.
-15.7%
6.5%Div Yield
Payout Ratio782.3%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y-15.7%
LTC logoLTC
LTC Properties, Inc.
9.4%
6.3%Div Yield
Payout Ratio91%
Div Growth 3Y0%
Growth Stk (Yrs)0
Total Ret 1Y9.4%
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Learn more about High Yield REITs for 2026

How We Build This List

  • Company Type = REITThe screen filters directly on company_type = 'reit' in the database — ensuring the list contains only actual REITs, not high-yield MLPs, tobacco companies, BDCs, or other 4%+ yield stocks.
  • Dividend Yield ≄ 4%A 4% minimum yield reflects the income-oriented purpose of "high yield REIT" searches. It excludes specialty REITs that yield 1-3% and focuses on true income generators.
  • Market Cap ≄ $1 BillionREITs below $1B carry substantially higher concentration risk (fewer properties), liquidity risk, and financing risk. The $1B floor targets established equity REITs with scale.
  • Focus on Equity REITs (Property Income)This screen is oriented toward equity REITs — trusts that own and operate physical real estate, which is economically stable compared to highly leveraged mortgage REITs.
  • Sorted by Dividend Yield DescendingAllows investors comparing sub-sector options to see the highest-yield options first and evaluate if the yield differential justifies the risk.

What Makes a Stock a High Yield REITs List constituent?

This screen identifies established REITs with a market cap over $1B and a dividend yield of at least 4%. By filtering for scale, investors avoid the volatility of micro-cap trusts like the 2020 collapse of small-cap retail REITs, focusing instead on stable income generators like Realty Income.

REIT
Sector Focus
Equity REITs Only
4% YLD
Income Filter
Yield >= 4%
$1B CAP
Size Filter
Market Cap >= $1B
1

Filter for Institutional Scale

We set a $1B floor to ensure liquidity. For example, Simon Property Group maintains a massive portfolio, whereas sub-$500M REITs often struggled to refinance debt during the 2008 crisis.

2

Screen for Income Thresholds

A 4% yield filters for income-focused equities. Companies like VICI Properties often exceed this, providing reliable cash flow compared to the 1.5% yield of the broader S&P 500 in 2023.

3

Prioritize Equity REITs

We focus on physical asset owners like Prologis rather than mortgage REITs. Mortgage REITs like Annaly Capital saw massive dividend cuts during the 2020 pandemic volatility.

Performance Dynamics: When Does This Strategy Outperform?

Strategy performance behaves differently based on market conditions. Let's analyze when this strategy outperforms and when it lags:

When High Yield REITs Lead

  • āœ“ During the 2000-2002 dot-com crash, REITs provided a 12% annual return while the S&P 500 fell 40%.
  • āœ“ In sideways markets like 2011, high-yield REITs outperformed growth stocks by 8% through consistent payouts.
  • āœ“ When inflation rose in 2021, REITs with CPI-linked leases like Equinix outperformed the broader market by 10%.

When High Yield REITs Trail

  • āœ— During the 2022 Fed rate hike cycle, REITs fell 25% as rising borrowing costs compressed property valuations.
  • āœ— In the 2020 COVID-19 crash, retail-focused REITs underperformed the S&P 500 by 30% due to rent collection fears.
  • āœ— When the 10-year Treasury yield spikes above 4.5%, REITs typically trail growth stocks as investors flee to bonds.

How to Use the Screener Results Table

To build a resilient portfolio, do not buy stocks on simple statistics alone. Use the key columns in our table to audit the durability, safety, and returns of each stock:

FFO Payout Ratio Percentage

Measures dividend safety; a ratio over 90% like Medical Properties Trust in 2023 signaled a high risk of a dividend cut.

Dividend Yield Percentage

Current income; a yield of 5% at Realty Income is standard, but a 15% yield often signals a distressed company facing bankruptcy.

Debt to EBITDA Ratio

Measures leverage; Prologis maintains a healthy 5x ratio, while over-leveraged REITs exceeding 8x often struggle during rate hikes.

Market Cap Currency

Indicates size; $50B+ giants like American Tower offer more stability than $1.2B niche REITs during market corrections.

Risk Factors & Warning Signs to Track

The Yield Trap Risk

Investors often chase high yields that reflect a failing business model. For example, Washington Prime Group offered a massive yield in 2020 before filing for Chapter 11 bankruptcy in 2021 due to declining mall occupancy.

What are High Yield REITs?

Identifies established, high-yielding Real Estate Investment Trusts (REITs). It requires a 4%+ dividend yield and a $1B+ market cap for liquidity and scale.

  • Company Type = REIT
  • Dividend Yield ≄ 4%
  • Market Cap ≄ $1 Billion
  • Equity REIT focus (Property Income)

Why Invest in High Yield REITs?

Real Estate Income

Provides real estate exposure without property management hassle

Structural High Yield

Capitalizes on mandatory 90% taxable income distribution

Inflation Protection

Leverages leases that adjust upward with inflation

Diversification

Provides solid asset diversification from standard equities

Frequently Asked Questions

Why exclude mortgage REITs?
Mortgage REITs like AGNC Investment Corp are highly sensitive to interest rate spreads, unlike equity REITs like Public Storage which own physical assets.
Is a 10% yield safe?
Usually not; when a REIT like Annaly Capital yields 10%+, it often reflects a market expectation of a future dividend cut.
How do interest rates affect REITs?
When the Fed hiked rates in 2022, REIT borrowing costs rose, causing companies like Digital Realty to see share price declines.
What is FFO?
Funds From Operations is the standard earnings metric for REITs, as depreciation makes standard P/E ratios misleading for companies like Simon Property.
Are REITs tax-efficient?
REIT dividends are generally taxed as ordinary income, unlike the 15-20% rate on qualified dividends from stocks like Apple.
Why the $1B market cap floor?
Smaller REITs lack the capital to survive downturns; for example, many sub-$500M REITs were forced to dilute shareholders during the 2008 crisis.
Can REITs grow capital?
Yes, industrial REITs like Prologis grew share prices significantly by expanding logistics footprints during the 2015-2021 e-commerce boom.
How often should I check my REIT holdings?
Quarterly; check if the FFO payout ratio remains under 80%, as seen with stable performers like Realty Income over the last decade.

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