Real estate investment can be a powerful tool for building wealth and generating passive income. One popular way to invest in real estate is through Real Estate Investment Trusts (REITs), which own and operate income-producing properties. Two great REITs to consider investing in are Camden Property Trust and Sun Communities, both of which offer the potential for income growth and share price appreciation.
Camden Property Trust is a residential REIT that focuses on owning multifamily apartment communities in the Southern half of the U.S. With 172 properties and 58,250 apartment homes in 15 metro markets, Camden generates steadily rising rental income. The REIT currently pays a quarterly dividend of $1.03 per share, giving it a 3.3% dividend yield at a share price of around $125. Camden’s strategic focus on high-demand metro areas experiencing population and job growth has allowed it to increase its dividend income and share price consistently over the years.
Sun Communities, another residential REIT, specializes in properties like manufactured home communities, RV communities, and marinas. With 659 properties across the U.S., Canada, and the U.K., Sun Communities has a diverse portfolio of income-producing assets. The REIT pays a quarterly dividend of $0.94 per share, resulting in a 3% dividend yield at a share price of around $125. Sun Communities has delivered 20 consecutive years of positive net operating income growth, outperforming the REIT sector average. Its focus on niche property types and strategic investments has driven shareholder value and consistent share price appreciation.
Both Camden Property Trust and Sun Communities offer investors the opportunity to collect passive income and grow their wealth through real estate investment. With a track record of income growth and share price appreciation, these REITs are attractive options for investors looking to build wealth through real estate. By investing in these REITs, investors can benefit from the stability and growth potential of the real estate market while diversifying their investment portfolio. Consider adding Camden Property Trust and Sun Communities to your investment portfolio to start collecting passive income and growing your wealth in the coming year.
