REITs (real estate investment trusts) are currently undervalued and make great candidates for your long term retirement portfolio. While tech stocks have been soaring, I always like adding stable dividend paying REIT stocks to my IRA.
1. Reality Income (O)
Realty Income is one of the biggest REIT dividend stocks to own. The company rents its properties to companies like Walgreens and 7-Eleven using a safe triple net-lease agreement with high repayment rates.
Realty Income is well known as the monthly dividend company with decades of rising dividend payments. When you reach retirement, receiving steady monthly income is important and that’s why Realty Income is a staple in my retirement portfolio.