Best REITs for Generating Passive Income with a $1,000 Investment

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Core News Facts

Realty Income (NYSE: O) reported Q3 revenue of $1.47 billion, an 11% increase year-over-year, with normalized funds from operations (FFO) per share at $1.07, surpassing expectations. The company’s portfolio remains strong at 98.7% occupancy and it recently made its 665th consecutive quarterly dividend payment. Realty Income primarily operates on a triple-net-lease structure, housing over 1,500 tenants across varied industries.

Prologis (NYSE: PLD), the world’s leading logistics real estate company, owns or has investments in approximately 1.3 billion square feet of property globally. In Q3, Prologis reported core FFO per share of $1.49, a 4.2% increase, and signed a record 62 million square feet of leases during the quarter. The company’s portfolio occupancy rose to 95.3%.

Welltower (NYSE: WELL), specializing in healthcare infrastructure, reported a 21% year-over-year increase in normalized FFO to $1.34 for Q3. Same-store net operating income rose 15%, driven by robust growth in its senior housing operating portfolio, which showed a 20% increase. The company managed $1.9 billion in gross investments during the quarter.

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