Let's look at three real estate investment trusts (REITs), Realty Income (O -0.62%), Public Storage(PSA 0.90%), and Digital Realty Trust (DLR 1.76%), that can help beef up your global exposure.
The REIT currently owns $5.1 billion worth of property in Europe, with an average remaining lease term of over 10 years.
Realty Income has paid a dividend in the last 617 consecutive months. Investors who buy now will receive consistent monthly income and some geographic diversification.
Public Storage is the largest self-storage REIT and the fourth-largest REIT (by enterprise value), according to the company. It currently owns 2,797 properties with 199 million rentable square feet, and it has 1.8 million customers.
Digital Realty is a data center REIT and has a few things in common with the other two REITs. It has increased its dividend for 17 straight years and is one of the 10 largest REITs (currently seventh) in the world.
The stock currently trades for 26 times earnings and 2.13 times book value. Both ratios are still above REIT averages, but most REITs don't grow 80% in five years or have exposure to markets on six different continents.
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