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6 Cheap REITs With Solid Balance Sheets And Reasonable Debt Loads

With all the major US market indexes making new highs and dividend yields falling in concert, it takes a lot of work to find even a handful of stocks with fair valuations and decent dividend yields.

Bond prices are likewise at all time highs driving bond yields to all time lows. I’m so reluctant to put new money to work in either stock or bond mutual funds today, that I’ve stopped my automatic reinvestment of dividends and capital gains distributions in my fund portfolio. I’m waiting for a better time to add money into the broader stock and bond markets.

This article presents seven REITs and one yieldco that are not yet fully valued, have solid balance sheets and reasonable debt loads, have a history of earnings and dividend growth, and currently pay a respectable dividend.

These are the results...

Whitestone REIT -- Yield: 7.82%

Whitestone REIT (NYSE:WSR) employs 95 people, generates revenue of $93.42 million and has a net income of $6.85 million. The current market capitalization stands at $440.59 million.

Whitestone REIT’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $41.77 million. The EBITDA margin is 44.71% (the operating margin is 7.74% and the net profit margin 7.34%).

Financials: The total debt represents 0.00% of Whitestone REIT assets and the total debt in relation to the equity amounts to 0.00%. Due to the financial situation, a return on equity of 2.74% was realized by Whitestone REIT.

Twelve trailing months earnings per share reached a value of $0.34. Last fiscal year, Whitestone REIT paid $1.14 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 44.09, the P/S ratio is 4.46 and the P/B ratio is finally 1.62. The dividend yield amounts to 7.82%.

Stock Charts:

Long-Term Stock Price Chart of Whitestone REIT (WSR)
Long-Term Stock Price Chart of Whitestone REIT (WSR)
Long-Term Dividend Payment History of Whitestone REIT (WSR)
Long-Term Dividend Payment History of Whitestone REIT (WSR)
Long-Term Dividend Yield History of Whitestone REIT (WSR)
Long-Term Dividend Yield History of Whitestone REIT (WSR)


Sabra Health Care REIT -- Yield: 6.89%

Sabra Health Care REIT (NASDAQ:SBRA) employs 12 people, generates revenue of $238.86 million and has a net income of $79.38 million. The current market capitalization stands at $1.69 billion.

Sabra Health Care REIT’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $199.58 million. The EBITDA margin is 83.55% (the operating margin is 32.35% and the net profit margin 33.23%).

Financials: The total debt represents 55.89% of Sabra Health Care REIT assets and the total debt in relation to the equity amounts to 130.94%. Due to the financial situation, a return on equity of 6.93% was realized by Sabra Health Care REIT.

Twelve trailing months earnings per share reached a value of $0.83. Last fiscal year, Sabra Health Care REIT paid $1.60 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 30.11, the P/S ratio is 6.66 and the P/B ratio is finally 1.51. The dividend yield amounts to 6.89%.

Stock Charts:

Long-Term Stock Price Chart of Sabra Health Care REIT (SBRA)
Long-Term Stock Price Chart of Sabra Health Care REIT (SBRA)
Long-Term Dividend Payment History of Sabra Health Care REIT (SBRA)
Long-Term Dividend Payment History of Sabra Health Care REIT (SBRA)
Long-Term Dividend Yield History of Sabra Health Care REIT (SBRA)
Long-Term Dividend Yield History of Sabra Health Care REIT (SBRA)


Pattern Energy Group -- Yield: 6.75%

Pattern Energy Group (NASDAQ:PEGI) employs 116 people, generates revenue of $329.83 million and has a net income of $-55.61 million. The current market capitalization stands at $2.07 billion.

Pattern Energy Group’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $177.82 million. The EBITDA margin is 53.91% (the operating margin is 8.94% and the net profit margin -16.86%).

Financials: The total debt represents 46.24% of Pattern Energy Group assets and the total debt in relation to the equity amounts to 212.97%. Due to the financial situation, a return on equity of -18.48% was realized by Pattern Energy Group.

Twelve trailing months earnings per share reached a value of $-2.11. Last fiscal year, Pattern Energy Group paid $1.42 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is not calculable, the P/S ratio is 6.19 and the P/B ratio is finally 2.13. The dividend yield amounts to 6.75%.

Stock Charts:

Long-Term Stock Price Chart of Pattern Energy Group (PEGI)
Long-Term Stock Price Chart of Pattern Energy Group (PEGI)
Long-Term Dividend Payment History of Pattern Energy Group (PEGI)
Long-Term Dividend Payment History of Pattern Energy Group (PEGI)
Long-Term Dividend Yield History of Pattern Energy Group (PEGI)
Long-Term Dividend Yield History of Pattern Energy Group (PEGI)


Omega Healthcare -- Yield: 6.65%

Omega Healthcare (NYSE:OHI) employs 58 people, generates revenue of $743.62 million and has a net income of $233.32 million. The current market capitalization stands at $7.10 billion.

Omega Healthcare’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $697.18 million. The EBITDA margin is 93.75% (the operating margin is 55.31% and the net profit margin 31.38%).

Financials: The total debt represents 44.51% of Omega Healthcare assets and the total debt in relation to the equity amounts to 95.48%. Due to the financial situation, a return on equity of 8.74% was realized by Omega Healthcare.

Twelve trailing months earnings per share reached a value of $1.54. Last fiscal year, Omega Healthcare paid $2.18 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 23.69, the P/S ratio is 9.39 and the P/B ratio is finally 1.81. The dividend yield amounts to 6.65%.

Stock Charts:

Long-Term Stock Price Chart of Omega Healthcare (OHI)
Long-Term Stock Price Chart of Omega Healthcare (OHI)
Long-Term Dividend Payment History of Omega Healthcare (OHI)
Long-Term Dividend Payment History of Omega Healthcare (OHI)
Long-Term Dividend Yield History of Omega Healthcare (OHI)
Long-Term Dividend Yield History of Omega Healthcare (OHI)


Hannon Armstrong -- Yield: 5.24%

Hannon Armstrong (NYSE:HASI) employs 32 people, generates revenue of $58.68 million and has a net income of $8.03 million. The current market capitalization stands at $1.06 billion.

Hannon Armstrong’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $12.20 million. The EBITDA margin is 20.79% (the operating margin is 13.89% and the net profit margin 13.69%).

Financials: The total debt represents 62.00% of Hannon Armstrong assets and the total debt in relation to the equity amounts to 212.79%. Due to the financial situation, a return on equity of 1.89% was realized by Hannon Armstrong.

Twelve trailing months earnings per share reached a value of $0.27. Last fiscal year, Hannon Armstrong paid $1.08 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 87.61, the P/S ratio is 16.89 and the P/B ratio is finally 1.98. The dividend yield amounts to 5.24%.

Stock Charts:

Long-Term Stock Price Chart of Hannon Armstrong (HASI)
Long-Term Stock Price Chart of Hannon Armstrong (HASI)
Long-Term Dividend Payment History of Hannon Armstrong (HASI)
Long-Term Dividend Payment History of Hannon Armstrong (HASI)
Long-Term Dividend Yield History of Hannon Armstrong (HASI)
Long-Term Dividend Yield History of Hannon Armstrong (HASI)


Iron Mountain -- Yield: 5.15%

Iron Mountain (NYSE:IRM) employs 20,000 people, generates revenue of $3,007.98 million and has a net income of $124.35 million. The current market capitalization stands at $10.03 billion.

Iron Mountain’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $905.64 million. The EBITDA margin is 30.11% (the operating margin is 16.53% and the net profit margin 4.13%).

Financials: The total debt represents 76.30% of Iron Mountain assets and the total debt in relation to the equity amounts to 952.30%. Due to the financial situation, a return on equity of 18.05% was realized by Iron Mountain.

Twelve trailing months earnings per share reached a value of $0.37. Last fiscal year, Iron Mountain paid $1.91 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 103.49, the P/S ratio is 3.30 and the P/B ratio is finally 15.65. The dividend yield amounts to 5.15%.

Stock Charts:

Long-Term Stock Price Chart of Iron Mountain (IRM)
Long-Term Stock Price Chart of Iron Mountain (IRM)
Long-Term Dividend Payment History of Iron Mountain (IRM)
Long-Term Dividend Payment History of Iron Mountain (IRM)
Long-Term Dividend Yield History of Iron Mountain (IRM)
Long-Term Dividend Yield History of Iron Mountain (IRM)