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Donald Trump built his fortune in real estate. He also ventured into the entertainment industry, including his popular show The Apprentice and his social media app Truth Socialwhich recently went public via a SPAC merger and is now listed as Trump Media & Technology Group Corp. (NASDAQ: DJT).
Investing in real estate is not as easy as it once was, especially with high interest rates. However, investors can explore alternative ways to enter the real estate market, including investing in real estate investment trusts (REITs).
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So how can you invest like Donald Trump today? Well, his portfolio is heavily concentrated in two states – New York and Florida – and he is an avid player of one sport. Let’s look at how you can invest in the two states.
Real Estate in New York
You can get involved in residential real estate in New York with AvalonBay Communities (NYSE:AVB). As of June 30, the Company owned or had ownership interests in 300 residential properties, including 43 in the New York-New Jersey metropolitan area. For the six months ended June 30, the New York-New Jersey metropolitan area accounted for approximately 20% of AvalonBay’s total residential sales.
AvalonBay currently pays a quarterly dividend of $1.70 per share, which works out to an annual dividend of $6.80 per share and gives its stock a yield of about 3.2% at the time of this writing. The company has also increased its annual dividend payment 11 times over the past 13 years, making it a great source of yield and dividend growth.
Real Estate in Florida
You can get involved in commercial real estate in Florida NNN REIT, Inc. (NYSE:NNN). As of June 30, its portfolio included 3,548 properties in 49 states, including 282 in Florida, making Florida the second-largest state by number of properties. Florida is also the second-largest state in terms of its annual base rent percentage, which is approximately 9.4%.
NNN REIT currently pays a quarterly dividend of $0.58 per share, which equates to an annual dividend of $2.32 per share and gives its stock a yield of about 5.1%. The company also boasts the third-longest streak of annual dividend increases in the REIT industry, with an impressive 35 consecutive years.
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Golf courses
You can get to know golf courses and venues with VICI properties (NYSE:VICI). As of June 30, VICI owned and managed a portfolio of 93 gaming, hospitality and entertainment properties, including four championship golf courses – Cascata and Rio Secco in Las Vegas, Chariot Run in Indiana and Grand Bear in Mississippi.
VICI currently pays a quarterly dividend of $0.415 per share, which works out to an annual dividend of $1.66 per share and gives its stock a yield of about 5.2% as of this writing. The company is also on track to mark the sixth consecutive year of increasing its annual dividend payment in 2024, making it a high-yield dividend growth stock like AvalonBay and NNN REIT.
Better returns than some REITs?
The current high-yield environment offers incredible opportunities for income-seeking investors to earn tremendous returns, but not through REITs.
Arrived Homes, the investment platform backed by Jeff Bezos, has launched its Private Credit Fund, which offers access to a pool of short-term residential real estate-backed loans with a target net annual return of 7 to 9 percent, paid out to investors monthly. In July, the payout was 8.1 percent. And the best part? Unlike other private credit funds, the minimum investment in this one is just $100.
With long-term rates falling and short-term rates remaining high, there’s a unique opportunity to invest in fix-and-flip loans before yields fall. Check out Benzinga’s favorite high-yield deals.
This article Build Wealth Like Donald Trump With These 3 Stocks originally appeared on Benzinga.com
