Our stocks are acting well from a chartist’s perspective; many of them are also likely to benefit from various spending initiatives that are coming out of Washington these days, suggests Nate Pile, editor of Little River Investment Guide.

In particular, if the economy truly is finding its way back onto the track, so to speak, I think it will make owning certain REITs more attractive. The risks of vacant office or warehouse space, for example, is much lower in a good economy.

Blackstone Mortgage Trust (BXMT), yielding 7.9%, is a mortgage REIT that originates senior loans collateralized by commercial properties in North America, Europe, and Australia.

Though the current uncertainty regarding the outlook for both the domestic and global economies makes investing in REITs a bit more risky than it might have been pre-Covid, I am comfortable including BXMT in our line-up of REITs for income. BXMT is considered a buy under $33.

Broadmark Realty Capital (BRMK), yielding 8%, is a Seattle-based mortgage REIT that provides short-term and first deed of trust loans secured by real estate to fund projects associated with both residential and commercial properties. The REIT only operates in the U.S. BRMK is considered a buy under $12.

Innovative Industrial Properties (IIPR) is a REIT that specializes in office and warehouse space associated with licensed operators in the cannabis space.

I am more confident that this REIT is likely going to grow nicely over the next several quarters than REITs that are focused solely on commercial real estate in the largest and/or most expensive cities around the country.

Though it remains to be seen how the overall cannabis industry will evolve, the size of Innovative Industrial's real estate footprint is almost certainly only going to grow as time goes by. IIPR — which yields 2.6% — is a buy under $200.

Ladder Capital Corp. (LADR) operates (as a REIT) in three different areas of the real estate market — it originates loans and provides other types of financing associated with commercial real estate.

It also invests in mortgage-backed securities and U.S. Agency Securities and it owns and invests in a portfolio of commercial and residential properties around the country. The stock — yielding 6.8% — seems to have stabilized following its big tumble back in March, and LADR is a buy under $14.

Realty Income Corp. (O) is a REIT that generates the income for its monthly dividend from a portfolio of roughly 6,500 properties that it has under long-term lease agreement with close to 600 different tenants mostly in the U.S., — and also in the U.K. and Puerto Rico.

The company has a long history of raising its dividend quarterly, and it has done so through the pandemic. Realty Income — which bills itself as "The Monthly Dividend Company" and currently yields 4.3% — is a buy under $67.

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