REITs pay out nearly all of their rental income to shareholders and they share hefty dividends.
Average yield runs 3.9% verses 2.4% for dividend paying companies in the S&P 500 and 1.7% overall.
REITs are taxed on dividends and paid at the regular income tax bracket so it's best to hold onto REITs and it's funds in a tax advantaged account like a 401k or IRA. You can purchase REITs in a brokerage account if you have that kind of a plan.
Atlanta's Largest REITs
(ranked by sq ft owned)
Office
1. Cousins Properties Inc. 191 Peachtree Street Ste. 3600
Atlanta, Ga 30303
www.cousinsproperties.com
2. Duke Realty Corp.
3950 Shackleford Road Suite 300
Duluth, Ga 30096
www.dukerealty.com
3. Highwoods Properties Inc.
2200 Century Parkway Suite 800
Atlanta, Ga 30345
www.highwoods.com
4. Wells REIT II
6200 The Corners Parkway
Norcross, Ga 30092
www.wellsreitII.com
5. Colonial Properties Trust
300 Colonial Center Parkway Suite 200
Roswell, Ga 30076
www.colonialprop.com
Industrial
1. ProLogis
2791 Peterson Place
Norcross, Ga 30071
2. First Industrial Realty Trust Inc.
5 Concourse Parkway
Atlanta, Ga 30328
3. Duke Realty Corp.
3950 Shackleford Road Suite 300
Duluth, Ga 30096
4. DCT Industrial Trust Inc.
3340 Peachtree Road NE
Tower 100 Suite 1950
Atlanta, Ga 30326
5. AMB Property Corp.
3424 Peachtree Road NE Suite 125
Atlanta, Ga 30326
Retail
1. Developers Diversified Realty Corp.
3500 Piedmont Road Suite 730
Atlanta, Ga 30305
2. Simon Property Group Inc.
3393 Peachtree Road Suite 2005
Atlanta, Ga 30326
3. General Growth Properties, Inc.
1000 Parkwood Circle Suite 400
Atlanta, Ga 30339
4. Centro Properties Group
3440 Preston Ridge Road bldg IV ste. 425
Alpharetta, Ga 30005
5. Equity One Inc.
1275 Powers Ferry Road Ste. 100
Marietta, Ga 30067
