Doctors’ Offices, Labs and Nursing Homes Pay Rent to These 3 REITs, and $150,000 Yields $8,510 a Year
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Every checkup in a medical office building, every week of rehab in a skilled nursing facility, and every experiment in a life science lab ends with a rent check to a landlord. An aging population keeps that tenant list growing, and a handful of real estate investment trusts (REITs) collect the rent. A REIT is a company that owns income-producing property and must pay out at least 90% of its taxable income to shareholders. That rule is why the yields run higher than a typical stock’s.
A $50,000 stake in each of three high-yield healthcare landlords would produce a $150,000 total investment returning about $8,510 a year. Two of them lean on nursing homes and senior housing, largely through triple-net leases. Under a triple-net lease, the tenant pays property taxes, insurance, and maintenance on top of rent, so the landlord mostly just collects. Prices are delayed quotes from November 9, 2026. This group casts a wider net than our recent senior housing REIT review and our Healthpeak Properties (NYSE:DOC) dividend deep dive, adding doctors’ offices and labs.
Omega Healthcare Investors
- Stock #3: Omega Healthcare Investors (NYSE:OHI)
- Yield: 5.56%
- Shares for $50,000 at $48.91: 1,022.3
- Annual Passive Income: ~$2,781
Omega owns skilled nursing facilities, assisted living and senior housing communities, and U.K. care homes, most leased under long-term triple-net deals to operators like PACS Group (NYSE:PACS), Genesis/NewGen and Maplewood. The company also offers loans to operators, including an $845.7 million mortgage loan on the U.K. Runwood Portfolio at 8.72%.
The quarterly dividend rose to $0.68 from $0.67 with the August 2026 payment, after holding at $0.67 since late 2019. Adjusted funds from operations (AFFO, the cash earnings measure REITs use) hit $0.82 per share in Q3, and 2026 guidance rose to $3.28-$3.30, putting the payout ratio near 83%. The plain risk: nursing homes live on Medicare and Medicaid, so a reimbursement cut or a struggling operator can pressure rent. Operators currently earn 1.67x their rent in EBITDAR.
Sabra Health Care REIT
- Stock #2: Sabra Health Care REIT (NASDAQ:SBRA)
- Yield: 5.58%
- Shares for $50,000 at $21.50: 2,325.6
- Annual Passive Income: ~$2,791
Sabra owns 207 skilled nursing and transitional care facilities, 24 specialty hospitals, triple-net senior housing and 101 communities in its Senior Housing Operating Portfolio (SHOP). With SHOP, Sabra hires a manager to run the building and keeps the residents’ fees, along with the operating risk. Management targets about 40% SHOP concentration by year-end 2026.
The $0.30 quarterly dividend has held steady since May 2020, when it was cut from $0.45. Normalized FFO guidance of $1.54 to $1.55 per share implies a payout ratio near 78%. The risk sits in SHOP: Sabra takes on occupancy swings and labor costs directly, with same-store occupancy at 89.2%.
Healthpeak Properties
- Stock #1: Healthpeak Properties
- Yield: 5.88%
- Shares for $50,000 at $20.76: 2,408.5
- Annual Passive Income: ~$2,938
Healthpeak is the doctors’ office and lab landlord here. It owns 506 outpatient medical buildings, often on hospital campuses, plus 143 lab properties in South San Francisco, San Diego and Cambridge. Senior housing sits in Janus Living, which it owns about 69% of.
It pays $0.10167 monthly, a schedule adopted in 2025 after a final quarterly payment of $0.305. The history includes cuts: from $0.575 to $0.37 quarterly in 2016, then to $0.30 in 2021. FFO as Adjusted guidance of $1.76 to $1.78 puts the payout ratio near 69%. The plain risk is lab demand: lab same-store NOI slipped 0.7% in Q3, even as occupancy rose 130 bps sequentially.
Three Healthcare Landlords Producing $8,510 a Year
| Name | Yield | Annual Dividend Income |
|---|---|---|
| Omega Healthcare Investors | 5.56% | $2,781 |
| Sabra Health Care REIT | 5.58% | $2,791 |
| Healthpeak Properties | 5.88% | $2,938 |
| Total | 5.67% | $8,510 |
Combined, these 3 holdings produce $8,510 in yearly income on a $150,000 investment, a blended yield of 5.67%. Healthpeak contributes $2,938, Sabra adds $2,791, and Omega brings in $2,781.
Taxes reduce that figure because REIT payouts generally come as ordinary dividends, which IRS Publication 550 treats as ordinary income, though the qualified business income deduction lets eligible holders count 20% of qualified REIT dividends under 26 U.S.C. § 199A(b)(1)(B).
The one number to track each quarter is FFO coverage of the dividend, since none of these payouts is guaranteed. Rent from clinics, labs, and care facilities tends to keep coming as patient volumes grow, and Healthpeak’s monthly checks smooth the cash flow between the quarterly payments from Omega and Sabra.
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David Beren has been a Flywheel Publishing contributor since 2022. Writing for 24/7 Wall St. since 2023, David loves to write about topics of all shapes and sizes. As a technology expert, David focuses heavily on consumer electronics brands, automobiles, and general technology. He has previously written for LifeWire, formerly About.com. As a part-time freelance writer, David’s “day job” has been working on and leading social media for multiple Fortune 100 brands. David loves the flexibility of this field and its ability to reach customers exactly where they like to spend their time. Additionally, David previously published his own blog, TmoNews.com, which reached 3 million readers in its first year. In addition to freelance and social media work, David loves to spend time with his family and children and relive the glory days of video game consoles by playing any retro game console he can get his hands on.
