Core Insights - Cannabis real estate investment trusts (REITs) provide a unique investment opportunity by collecting rent or interest rather than selling cannabis, thus reducing direct operational risk [1] - As December 2025 approaches, Innovative Industrial Properties, NewLake Capital Partners, and Chicago Atlantic Real Estate Finance are highlighted as key investment options, each with distinct risk and income profiles [1] Innovative Industrial Properties (IIPR) - IIPR is one of the earliest cannabis-focused REITs, acquiring specialized industrial facilities leased to licensed cannabis operators, thus avoiding direct exposure to cannabis sales [2] - As of late 2025, IIPR owned over 110 properties covering approximately nine million rentable square feet, with no company-run dispensary locations [2] - Financially, IIPR generated revenue above $60 million in its most recent quarter, with net income remaining positive despite tenant-related challenges, and adjusted funds from operations (FFO) comfortably covering dividends [5] NewLake Capital Partners (NLCP) - NLCP specializes in sale-leaseback transactions with operators, often under triple-net lease terms, which enhances cash flow visibility [6] - As of late 2025, NLCP's portfolio included 34 properties, comprising 19 dispensaries and 15 cultivation facilities, providing clearer retail exposure [6] - NLCP maintained steady financial performance in 2025, with positive AFFO covering dividends, and emphasized liquidity and disciplined underwriting [8] Chicago Atlantic Real Estate Finance (REFI) - REFI operates by providing loans to cannabis operators secured by real estate collateral, earning interest income instead of rent [9] - As of late 2025, REFI worked with over 25 portfolio companies, providing diversification across operators and regions [9] - Financially, REFI delivered strong yield metrics, with net interest income as the primary revenue driver, and distributable earnings comfortably covering dividends [11] Final Thoughts - The cannabis REIT sector continues to evolve, with each structure offering distinct advantages and risks: IIPR for scale and diversification, NLCP for direct dispensary exposure, and REFI for high yields through secured lending [12]

Core Viewpoint - The real estate sector, particularly real estate investment trusts (REITs), is expected to rebound in 2026, driven by factors beyond Federal Reserve assistance, with potential benefits for ETFs like the ALPS Active REIT ETF [1][2]. Group 1: Market Performance and Historical Context - The real estate sector has underperformed the broader market for four consecutive years, leading to valuation discounts that are the widest since the global financial crisis [2]. - Historical patterns indicate that after three years of underperformance (as seen from 1997 to 1999), the sector experienced six years of outperformance [2]. Group 2: Sector Composition and Opportunities - The real estate sector, while small in the S&P 500, consists of various sub-groups that do not move uniformly, suggesting opportunities for actively managed REITs [3]. - Actively managed funds like the ALPS Active REIT ETF can target specific areas of opportunity, such as data center and industrial REITs, which are expected to show strength in 2026 [4]. Group 3: Demand Trends and Growth Drivers - Demand for data centers remains strong, with leasing momentum increasing, particularly in tertiary markets due to supply constraints in primary markets [5]. - The anticipated acceleration of AI demand in 2026 is expected to favor primary metro markets, impacting data center deployments [5]. - Mall and shopping center REITs are also viewed positively, with tight supply and strong lease backlogs expected to support net operating income growth [6]. Group 4: Earnings Growth and Market Outlook - Malls are currently trading at a premium compared to their five-year average, with strong earnings growth projected for FY26, particularly for Class A and primary metro-exposed assets [6].

Core Viewpoint - Getty Realty Corp. is set to release its financial results for Q4 2025 on February 11, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter ended December 31, 2025, will be disclosed after market hours on February 11, 2026 [1] - A conference call and webcast will be held on February 12, 2026, at 8:30 a.m. ET to discuss the results [2] - A replay of the conference call will be available from February 12, 2026, at 11:30 a.m. ET until February 26, 2026 [3] Group 2: Company Overview - Getty Realty Corp. is a publicly traded net lease REIT focused on convenience and automotive retail real estate [4] - As of September 30, 2025, the company’s portfolio consists of 1,160 freestanding properties across 44 states and Washington, D.C. [4]

Core Insights - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1][2] - The investment group emphasizes high-yield, dividend growth investment ideas, targeting dividend yields up to 10% [2] Group 1: Investment Strategy - The service offers investment research on various asset classes including REITs, ETFs, closed-end funds, preferreds, and dividend champions [2] - The focus is on defensive stocks with a medium- to long-term investment horizon [2] Group 2: Market Appeal - High-quality real estate in desirable markets is attractive due to long-term value appreciation and cash flow potential [2] - The management of these assets is often seen as a drawback for many investors, highlighting the need for specialized investment services [2]

Group 1 - The article emphasizes the appeal of dividend growth investing, highlighting the ability to receive increasing cash flows from businesses without active involvement in operations [1] - The author has been involved in dividend investing since 2009 and has documented their journey towards financial independence through a blog [2] - The article is part of a broader community of investment analysis, with the author contributing to multiple platforms focused on dividend growth and financial independence [2] Group 2 - The author expresses a personal beneficial long position in ADC shares, indicating a vested interest in the stock mentioned [2] - The article does not provide specific investment recommendations or guarantees regarding future performance, aligning with general investment disclosure practices [3]

Core Viewpoint - SL Green Realty Corp. will release its fourth quarter 2025 earnings on January 28, 2026, followed by a conference call on January 29, 2026, to discuss the financial results [1][2]. Group 1: Earnings Release and Conference Call - The earnings release for the fourth quarter of 2025 is scheduled for January 28, 2026, after market close [1]. - A conference call and audio webcast will be hosted by the executive management team on January 29, 2026, at 2:00pm ET [2]. - Supplemental data will be available in the Investors section of the SL Green Realty Corp. website at the time of the earnings release [2]. Group 2: Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) [4]. - As of September 30, 2025, the company held interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan buildings [4]. - The company also has 2.7 million square feet securing debt and preferred equity investments [4].

Group 1 - The article emphasizes the appeal of dividend growth investing, highlighting the ability to receive increasing cash flows from businesses without active involvement in operations [1] - The author has been involved in dividend investing since 2009 and has documented their journey towards financial independence through a blog [2] - The article is part of a broader community of investment analysis, with the author contributing to multiple platforms focused on dividend growth and financial independence [2] Group 2 - The author expresses a personal beneficial long position in ADC shares, indicating a vested interest in the performance of the stock [2] - The article does not provide specific investment recommendations or guarantees regarding future performance, aligning with general investment disclosure practices [3]

Core Viewpoint - Dividend-paying stocks are expected to perform well in 2026 due to declining interest rates and the anticipated continuation of this trend, which will drive demand for dividend stocks and lower borrowing costs for certain sectors [3][4][5]. Group 1: Realty Income - Realty Income is a high-quality REIT with a current dividend yield of 5.72% and a market capitalization of $52.1 billion [7][12]. - The company has a strong track record, having declared 666 consecutive monthly dividends and increased its dividend for over 30 years [9]. - Realty Income focuses on stable tenants less affected by online competition, with a diversified portfolio of 15,500 properties primarily leased to commercial and industrial tenants [10][12][13]. - The company's tenants include 7-Eleven, Dollar General, and Walgreens, which provide non-discretionary items and services [13]. Group 2: NextEra Energy - NextEra Energy is a leading electric utility and renewable energy company with a dividend yield of 2.83% and a market capitalization of $167 billion [14][19]. - The company operates Florida Power & Light Company, the largest rate-regulated electric utility in the U.S., benefiting from Florida's growing population [15]. - NextEra is the world's largest producer of renewable energy from solar and wind, positioning it well for future growth [15]. - The company has increased its dividend for 31 consecutive years and plans to raise it by 10% through 2026, followed by targeted increases of 6% in 2027 and 2028 [18].

Core Insights - Dividend-paying stocks provide a balance between growth and reduced volatility, offering real cash returns to investors while reflecting a company's financial health and discipline [2][4] Market Trends - Research indicates that companies that maintain or grow dividends tend to outperform those that do not, especially during market downturns, where dividend stocks have historically shown less volatility [3][5] - During significant market declines, dividend-paying stocks have averaged a decline of 14.44%, compared to 19.89% for the S&P 500 Index and 28.16% for non-dividend payers, highlighting their resilience [5] Company Highlights - **Evergy, Inc. (NASDAQ:EVRG)**: - The stock has increased over 17.5% this year despite earlier weather challenges impacting demand [12] - The company is positioned well with a significant backlog of large power customers and is expected to see earnings growth in the range of 4% to 6% [11][12] - **Pinnacle West Capital Corporation (NYSE:PNW)**: - Reported earnings of $3.39 per share for Q3 2025, driven by higher transmission revenue and solid sales growth, with total growth at 5.4% [16][17] - The company raised its full-year earnings outlook to $4.90 to $5.10 per share, reflecting strong sales and operational improvements [17] - **Regency Centers Corporation (NASDAQ:REG)**: - The company has a dividend yield of 4.41% and has announced a dividend increase of over 7% [19][21] - It remains a leading developer of grocery-anchored shopping centers, with significant project starts and acquisitions planned for 2025 [21][22]

Core Viewpoint - Four Corners Property Trust (FCPT) has announced the acquisition of an Applebee's property for $4.3 million, indicating a strategic move to enhance its portfolio in the restaurant and retail sector [1] Acquisition Details - The acquired property is located in a strong retail corridor in California, suggesting a favorable market position for the investment [1] - The property is operated by Flynn Group under a triple net lease, which typically provides stable income for the landlord [1] - The lease has approximately seven years remaining, indicating a long-term commitment from the franchisee [1]