High dividend REIT

Screening Filters

1. Sector = Real Estate

   • Purpose: Focus on REITs and other real estate–focused companies.
   • Rationale:
     • In most classification systems, REITs are grouped under the Real Estate sector.
     • By restricting to this sector, the screener is effectively homing in on REITs and real estate operating companies, which matches your request to analyze “high dividend REITs” rather than the broader market.

2. Dividend Yield (TTM) between 5% and 12%

   • Purpose: Capture high dividend payers while filtering out extreme or likely unsustainable yields.
   • Rationale:
     • REITs are income-oriented by design, so a 5%+ yield is a reasonable practical definition of “high dividend” in this asset class.
     • Capping the yield at 12% helps:
       • Avoid stocks with abnormally high yields often driven by distress (sharp price drops, payout cuts likely) or data anomalies.
       • Focus on names more likely to have sustainable dividends within the high-yield space, which are typically more interesting for long-term income analysis.

3. Market Cap ≥ $500 million

   • Purpose: Exclude the smallest, most illiquid, and potentially riskier REITs.
   • Rationale:
     • A minimum market cap of $500M generally removes micro‑caps and many thinly traded names, which:
       • Can have very volatile prices and unstable dividend policies.
       • Often provide less transparency and analyst coverage.
     • This threshold keeps you in the realm of established REITs—entities large enough to have more robust reporting and somewhat more reliable financials/dividend histories for meaningful analysis.

4. Listed Exchanges = XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Limit results to major U.S. exchanges.
   • Rationale:
     • These are the primary U.S. stock exchanges where most publicly traded REITs list.
     • Focusing on these exchanges helps:
       • Improve data quality and liquidity (tighter spreads, deeper markets).
       • Exclude OTC and foreign listings that may have different regulatory, accounting, or tax structures, making analysis and comparison harder.

Why Results Match Your Request

• The Real Estate sector filter targets the universe where REITs live.
• The 5–12% dividend yield band is a practical way to define “high dividend” REITs while excluding extreme outliers.
• The $500M+ market cap filter steers you toward more established, analyzable REITs rather than very small, speculative names.
• Limiting to major U.S. exchanges ensures you’re looking at liquid, well‑regulated REITs that are easier to research and compare.

Together, these filters produce a focused list of high‑yield, exchange‑listed, reasonably sized REITs, which directly aligns with your goal of analyzing high dividend REITs.