$O

Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.

VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.

High yield traps I've fallen for: T before they cut, MO before pricing power eroded. Lesson: if yield is above 7%, there's usually a reason.

O at this price: 5.8% yield, monthly dividend, 30 consecutive years of increases. At 14x AFFO, I think risk/reward is compelling for a core holding.

SCHD is the cleanest dividend growth ETF. 10-year dividend CAGR of ~12%, low expense ratio, quality screen on underlying holdings.

DRIP decision: I take cash now. At $2k/month in dividends, I prefer to deploy it strategically rather than auto-reinvest proportionally.

REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.

DRIP decision: I take cash now. At $2k/month in dividends, I prefer to deploy it strategically rather than auto-reinvest proportionally.

VICI is the best REIT I own. Triple net leases on Las Vegas Strip casinos. 43-year weighted average lease term. CPI-linked rent escalators. Tenants who CANNOT leave.

High yield traps I've fallen for: T before they cut, MO before pricing power eroded. Lesson: if yield is above 7%, there's usually a reason.

REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.

DRIP decision: I take cash now. At $2k/month in dividends, I prefer to deploy it strategically rather than auto-reinvest proportionally.

Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.

JEPI is income generation via covered calls on an equity portfolio. Works in flat/slightly up markets. Underperforms in strong bull markets. Know what you're buying.

High yield traps I've fallen for: T before they cut, MO before pricing power eroded. Lesson: if yield is above 7%, there's usually a reason.

Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.

Data center REITs are the AI infrastructure play people sleep on. $DLR and $EQIX have 10-year contracts with hyperscalers who can't build fast enough. Power constraints create a durable moat.

REIT thesis: real assets, contractual income, inflation linkage through lease escalators, and forced diversification. Rising rates hurt short-term but quality REITs grow through rate cycles.

Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.

Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.

O is my largest single stock position. Monthly payments, 30+ years of dividend increases. The 5.2% yield at my cost basis was hard to pass up.

Cap rate math: simple tool for avoiding overpaying. The implied cap rate expansion vs current market rates tells you a lot about the risk/reward.

Industrial REITs ($PLD, $EGP): e-commerce secular tailwind, near 100% occupancy, 5%+ rent growth on renewals. Office REITs: tenant flight to quality, high vacancies, hybrid work questions. Avoiding.