Billionaire Portfolios: Top 2 Real Estate Stocks With High Dividend Yields

Two real estate stocks holding high dividend yields, above 5%, were identified by an analysis of Insider Monkey's proprietary database. These stocks are VICI Properties Inc. (NYSE:VICI) and Gaming and Leisure Properties, Inc. (NASDAQ:GLPI). VICI Properties owns casino and gaming real estate and leases them under triple-net agreements, where tenants handle taxes, insurance, and maintenance, providing a dividend yield of approximately 7%.

GLPI, on the other hand, has a dividend yield of about 7.5%. The article focuses on GLPI, a REIT specializing in casino properties. In the latest quarter, GLPI's revenue grew by around 9% year over year, surpassing analysts' estimates. Management raised its adjusted funds from operations outlook for the fiscal year 2026. Despite a 12% decline over the past year, GLPI's fundamentals are considered strong.

The stock price is relatively low compared to the sector median, at about 13.5 times forward earnings and 12.6 in terms of enterprise value to EBITDA. The main risk associated with GLPI is tenant concentration, particularly PENN Entertainment and Bally's, which account for a significant portion of the company's rental income. Other concerns include the growth of online gaming and a legal dispute over video gaming terminals in Chicago that may impact Bally's, GLPI's major tenant.