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Colorado REITs: Top-Tier Investments in the Centennial State

Known as the Centennial State for its rich history and stunning landscapes, Colorado shines as a beacon for savvy investors. This article will explore Colorado’s top-tier REITs, offering a unique blend of growth potential and steady returns.

Best Colorado REITs - Featured Image

Key Takeaways – Best Colorado REITs Chart

REIT Market Cap Dividend Yield (TTM) Industry
$12.44 Billion
$10.74 Billion
Healthcare Facilities
$5.07 Billion
$3.33 Billion
$1.12 Billion
$572.45 Million

UDR, Inc. (UDR)

  • Market Capitalization: $12.44 Billion
  • Dividend Yield (TTM): 4.33%
  • Industry: REIT – Residential
  • Headquarters: Highlands Ranch, Colorado

As an S&P 500 company, UDR manages, buys, sells, develops, and redevelops apartment communities in sought-after neighborhoods, often near employment centers, transportation, and entertainment. UDR targets a diverse range of residents, from young professionals to retirees, offering various amenities and living experiences.

As of September 30, 2023, UDR owned or had an ownership position in 60,177 apartment homes, including 415 homes under development. With a history spanning over 51 years, UDR is known for delivering long-term value to shareholders, excellent service standards to residents, and a high-quality experience for associates.

Healthpeak Properties, Inc. (PEAK)

  • Market Capitalization: $10.74 Billion
  • Dividend Yield (TTM): 6.10%
  • Industry: REIT – Healthcare Facilities
  • Headquarters: Denver, Colorado

Healthpeak Properties, Inc. (PEAK) is a REIT specializing in healthcare real estate across the United States.

The Life Science segment of Healthpeak’s portfolio includes properties with laboratory and office space. These spaces are primarily leased to entities in the biotechnology, medical device, and pharmaceutical industries, as well as scientific research institutions and government agencies involved in life science. The Medical Office segment of the company comprises medical office buildings (MOBs) and hospitals. These buildings typically feature physicians’ offices, examination rooms, pharmacies, hospital ancillary service space, and outpatient services.

As of the latest data, Healthpeak reported revenue of approximately $2.15 billion and a net income of around $239.02 million.

Apartment Income REIT Corp. (AIRC)

  • Market Capitalization: $5.07 Billion
  • Dividend Yield (TTM): 5.23%
  • Industry: REIT – Residential
  • Headquarters: Denver, Colorado

Apartment Income REIT Corp. (AIRC), established in 2020, is a REIT focusing on residential properties. It emerged from a spin-off of Apartment Investment and Management Company (Aimco).

The company’s investment strategy focuses on leveraging its AIR Edge, a unique operational approach emphasizing resident selection, satisfaction, and retention, coupled with continuous innovation in property management. 

AIRC’s portfolio comprises 75 communities with a total of 25,797 apartment homes spread across 10 states and the District of Columbia. The portfolio is diversified by geography, location, and price point, primarily in high-quality markets that promise continuous growth.

National Storage Affiliates Trust (NSA)

  • Market Capitalization: $3.33 Billion
  • Dividend Yield (TTM): 5.57%
  • Industry: REIT – Industrial
  • Headquarters: Greenwood Village, Colorado

Founded in 2013, National Storage Affiliates Trust (NSA) specializes in owning, operating, and acquiring self-storage properties. NSA focuses predominantly on locations within the top 100 metropolitan statistical areas across the United States. As of September 30, 2023, NSA held ownership interests in and operated 1,119 self-storage properties in 42 states and Puerto Rico, covering approximately 73.0 million rentable square feet.

NSA’s corporate structure includes a unique feature comprising Participating Regional Operators (PROs) and internal brands. The PROs contribute properties in exchange for equity in NSA while continuing to function as property managers under their existing brands. 

Apartment Investment and Management Company (AIV)

  • Market Capitalization: $1.12 Billion
  • Dividend Yield (TTM): –
  • Industry: REIT – Residential
  • Headquarters: Denver, Colorado

Apartment Investment and Management Company (AIV), or Aimco, is a notable player in the U.S. real estate sector. Aimco specializes in managing and developing multifamily apartment communities. Established in 1975, it has a long history in the industry.

Aimco focused on a portfolio of upscale apartment complexes, targeting major markets across the United States. The company prides itself on providing high-quality living experiences, often in prime urban locations. Aimco’s strategic approach involves redeveloping existing properties and acquiring new ones, ensuring a dynamic and growing portfolio.

Farmland Partners Inc. (FPI)

  • Market Capitalization: $572.45 Million
  • Dividend Yield (TTM): 2.02%
  • Industry: REIT – Specialty
  • Headquarters: Denver, Colorado

Farmland Partners Inc. is America’s largest farmland real estate investment trust (REIT) by acreage. As an internally managed, publicly traded company, FPI focuses on purchasing, leasing, and managing high-quality farmland throughout North America. As of September 30, 2023, FPI owns and manages approximately 178,200 acres across 20 states, including Alabama, Arkansas, California, Colorado, and others.

FPI’s diverse portfolio encompasses around 26 different crop types and over 100 tenants. The company also owns buildings for four agriculture equipment dealerships in Ohio, leased to Ag Pro under the John Deere brand. This diversification is a key aspect of their strategy, leveraging the agricultural sector’s potential for steady appreciation, predictable income, and inflation protection.

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