These 3 Real Estate Stocks Could Make You Rich in 2024—Don’t Miss Out

The real estate market has been struggling recently, especially with the Federal Reserve raising interest rates since 2022. However, this tough period has also created opportunities to invest in some excellent real estate stocks at lower prices. Here are three real estate investment trusts (REITs) that could be great for long-term growth and help you build wealth over time.

1. Realty Income: Reliable and Steady Income

Realty Income (NYSE: O) is known for providing steady income through its investments. It owns over 15,000 single-tenant properties in the U.S. and Europe, mostly leased to businesses like grocery stores, drugstores, and warehouse clubs. These types of businesses tend to do well even during economic downturns.

Realty Income’s strategy is simple: buy properties with good tenants who sign long-term leases. These leases often include costs for taxes, insurance, and maintenance, so Realty Income just needs to collect the rent. The company pays a 5.2% dividend each month and has a strong history of increasing its dividends and providing solid returns to investors. It’s a great choice if you want a reliable income source.

2. EPR Properties: Exciting but Risky

EPR Properties (NYSE: EPR) focuses on unique real estate investments like waterparks, ski resorts, and entertainment venues such as TopGolf. While these types of properties offer exciting growth potential, they also come with some risks. For example, the movie theater industry, which is a major part of EPR’s portfolio, has faced tough times recently.

Despite these challenges, EPR Properties has big plans for the future, with a potential $100 billion growth opportunity in its focus areas. If you’re willing to take on some risk, EPR offers a high 7.2% dividend yield. The company’s diverse range of properties and future growth plans make it a compelling option for investors looking for long-term gains.

3. Ryman Hospitality Properties: Strong and Growing

Ryman Hospitality Properties (NYSE: RHP) has performed well, especially as the real estate market recovers from the pandemic. The company owns large hotels and entertainment venues like the Grand Ole Opry and Ryman Auditorium. Its hotels are doing better than ever, and Ryman is investing in expanding its facilities and building a new entertainment venue in Nashville.

With a 4.3% dividend yield and an attractive valuation, Ryman offers solid potential for growth. The company’s investments and successful recovery from the pandemic make it a strong choice for those looking to grow their investments over time.

Can These Stocks Really Make You Rich?

While these stocks may not make you rich overnight, they offer great potential for long-term wealth. Here’s a look at their past performance:

• Realty Income: A $10,000 investment in Realty Income when it went public in 1994 would be worth around $546,000 today, assuming dividends were reinvested.

• EPR Properties: Since its public debut in 1997, EPR has provided a huge 1,530% total return, despite recent struggles in the movie industry.

• Ryman Hospitality: Since becoming a REIT in 2012, Ryman has delivered a 715% total return, showing its strong growth and success.

Investing in these solid REITs and holding onto your shares for the long term can help you build significant wealth. They offer good dividends, growth potential, and a history of strong performance, making them valuable additions to a well-rounded investment portfolio.

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