Realty Income (O) is highlighted as an excellent high-yield REIT for long-term wealth building, offering a 5% dividend yield that has grown at a 4.1% compound annual rate since 1994. The REIT's strong financial position, diversified portfolio, and expanding funding sources position it to continue growing dividends at mid-single-digit rates. A $1,000 investment with dividend reinvestment could potentially grow to nearly $14,700 over 30 years.
Axe note: A US high-yield REIT boasts steady dividends, but is it right for a rand investor?