The real estate market has faced challenges due to rising interest rates, but this has led to opportunities to invest in high-quality businesses at attractive valuations. Here are three real estate stocks worth considering for long-term growth.
1. Realty Income (NYSE: O)
Realty Income is a real estate investment trust (REIT) with a portfolio of single-tenant properties in the U.S. and Europe. The company focuses on properties occupied by tenants in recession-resistant businesses, such as supermarkets and drug stores. Realty Income offers a 5.2% dividend yield and has a strong track record of dividend growth and market outperformance.
2. EPR Properties (NYSE: EPR)
EPR Properties specializes in experiential real estate, including waterparks, ski resorts, and entertainment venues. While the movie theater industry has faced challenges, EPR’s properties are high-quality and well-performing. The company offers a 7.2% dividend yield and sees significant growth potential in its target property types.
3. Ryman Hospitality Properties (NYSE: RHP)
Ryman Hospitality Properties owns hotels and entertainment assets, including iconic venues like the Grand Ole Opry. The company has seen strong revenue growth and offers a 4.3% dividend yield. With a focus on group events and entertainment, Ryman has significant growth potential.
These real estate stocks may not provide quick returns, but they have the potential to generate significant wealth over time. By investing in solid REITs like these and reinvesting dividends, investors can build wealth steadily.
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Disclaimer: The author holds positions in EPR Properties, Realty Income, and Ryman Hospitality Properties. The Motley Fool has positions in and recommends Realty Income, EPR Properties, and Ryman Hospitality Properties. For full disclosure, see here.
Original Article: 3 Real Estate Stocks That Could Make You a Millionaire