Retirement Income: A Trio of "Mom-Worthy" Stocks
Buy EPD below $33.
I also bought a real estate investment trusts with a high but sustainable yield Gaming & Leisure Properties (GLPI), a unique REIT deriving its income primarily from property leases to regional casino operators in the Midwest and the South, with full ownership of operations at a couple of the properties thrown in.
The current annualized yield is at 6.5%, and while there’s been a lot of casino construction on the coasts the competition doesn’t look as fierce in smaller regional markets. GLPI’s leases are split almost evenly between Penn National Gaming (PENN) and Pinnacle Entertainment (PNK).
Regional markets held up much better than Las Vegas during the Great Recession, and the casino operators must pay GLPI before they can even service their debts.
The gambling boom affords GLPI plenty of opportunities for future growth and expansion into untapped markets. The current annualized yield is at 6.5%. Buy GLPI below $45.