12 Best REIT Dividend Stocks To Buy for 2024

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This article discusses the 12 best REIT dividend stocks to buy for 2024. The real estate investment trust (REIT) sector in the US has experienced substantial growth, with publicly traded REITs witnessing a compound annual growth rate of around 16.8% from 1990 to 2022. REITs in the US oversee a total of $4.5 trillion worth of real estate assets globally. The REIT sector has contributed $262.9 billion in labor income to the US economy in 2022. The past year showed some improvement for the REIT sector, with positive returns recorded. The S&P United States REIT Index achieved a total return of 13.77% in 2023. The REIT sector also experienced notable growth in capital market activity, raising a total of $58.27 billion in 2023. REIT stocks are gaining popularity among Americans, with approximately 168 million Americans investing in REIT stocks by the end of 2023. Rising interest rates have historically been a concern for REIT investors, but historical data suggests that the performance of REIT stocks during periods of high-interest rates may not be as dire as commonly feared. Analysts have presented a positive outlook for the REIT sector in 2024, given the sector's strong performance and the conclusion of the Federal Reserve's interest rate hike cycle. The article provides a list of the 12 best REIT dividend stocks for 2024, including Universal Health Realty Income Trust, Innovative Industrial Properties, Arbor Realty Trust, CubeSmart, Federal Realty Investment Trust, National Retail Properties, Agree Realty Corporation, and others.

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