Dividend Yield: 11.22%
Global Net Lease is another REIT, primarily serving the commercial market. It owns properties in the United States and Europe, and [rents to quality tenants like FedEx , Family Dollar and ING Bank , organizations that can not only reliably pay their rent as it comes due, but outfits that tend to stay put once they establish roots.
Thereโs a bit of a twist Global Net Lease brings to the table that allows it to juice its payout to its current yield of 11.22%, however. It also acquires much of its rental real estate through an arrangement called a sale-leaseback.
In simplest terms, a sale-leaseback lets a property-owning company free up the value of real estate by selling a space it owns to a landlord like Global Net Lease, and then remain in that space as a tenant. Itโs a win-win scenario, as the renter enjoys a big cash infusion and Global Net Lease has a tenant already lined up.