It's close to impossible to do that with normal growth stocks, much less real estate investment trusts (REITs), which are traditionally structured to produce income, not growth. The three REITs we'll discuss today, Innovative Industrial Properties (NYSE: IIPR), Americold Realty Trust (NYSE: COLD), and VICI Properties (NYSE: VICI), each have unique macro tailwinds that could launch their stock up significantly over the next 7.5 years.
As the summer season gets underway, there are a few REITs that are down -- but the long-term trends are still up, up, up.
Accumulating $1,000 to invest in dividend stocks may not sound significant. Additionally, some of them are real estate investment trusts (REITs), which offer unique tax rules to real estate companies that agree to pay at least 90% of net income in the form of dividends. Two of these REITs, Innovative Industrial Properties (IIP) (NYSE: IIPR) and STORE Capital Corporation (NYSE: STOR), will derive more than $50 in annual dividend income from a $1,000 investment, one benefit that makes each company an excellent choice for income investors.