
As we roll towards the close of 2023, Real Estate Investment Trusts (REITs) aren't quite the hottest investment on Wall Street, with many names in the group coming under pressure amid a post-COVID migration by workers out of commercial real estate and into their own homes.
However, REITs are as popular as ever with income investors, and for good reason. These companies, which own real estate or real estate-backed assets, have to pay back 90% of their taxable income to shareholders each year as dividends - resulting in some fairly rich yields.