Multifamily REITs Offer High Yields

Real Estate Investment Trusts (REITs) pay a good share of their earnings in the form of cash dividends to their shareholders. The following eight REITs specialize in multifamily residences and have steady cash flows from rents and fees. These stocks are worthy candidates for investors who seek income or want to reinvest dividends to accumulate shares.

Before you buy any of these stocks, check their price chart patterns. And check to confirm that their cash distributions are sustainable, particularly if the distribution yield is very high.

Multifamily REITs
REIT	Symbol	Annual Distribution and Yield	Location
Apartment Investment and Management Co	AIV	$2.40 (6.00%)	47 states and Puerto Rico
BRE Properties	BRE	$2.25 (4.50%)	Arizona, California, Colorado, Utah and Washington.
Douglas Emmett	DEI	$0.75 (3.20%)	California and Hawaii.
Equity Residential	EQR	$1.93 (4.40%)	34 states
Essex Property Trust	ESS	$4.08 (3.40%)	California and Washington
Post Properties	PPS	$1.80 (4.50%)	Atlanta, Dallas and Tampa
United Dominion Realty Trust	UDR	$1.32 (5.10%)	55 markets including Atlanta, Baltimore, Charlotte, Dallas, Denver, Los Angeles, Nashville, Seattle and San Francisco
NOTE: All data are from finance.yahoo.com as of April 5, 2008.

Updated April 5, 2008.