High dividend ASX REITs for consistent cash flow

Several REITs on the ASX are currently offering high yields thanks to their discounted valuations and the pay outs are supported by steady and predictable cashflows which makes them an appealing risk adjusted passive income source.

Charter Hall Long WALE REIT (ASX: CLW)

Charter Hall Long WALE REIT has shown impressive progress through FY25 as occupancy was at 99.9% and WALE was 9.3 years supported by blue chip corporate and government tenants.
The REIT reported operating earnings of $178.6 million dollars and operating EPS of 25 cents per security which matched guidance and like for like net property income rose 3% for the year with CPI linked rent reviews making up 54% of total income.

CLW expects FY26 operating EPS and distributions of 25.5 cents per security which will be supported by rental growth embedded in CPI linked leases.
The REIT pays unfranked dividends on a quarterly basis and the current annual yield is 6.15% which offers an appealing income stream for investors who prefer consistency backed by long WALE contracts and steady cashflows.

Rural Funds Group (ASX: RFF) 

had a steady FY25 as the company maintained its position as a diversified agricultural real estate owner with stable rental growth and expanding development projects.
FY25 adjusted funds from operations were 11.5 cents per unit which came in slightly above the full-year forecast of 11.4 cents while distributions were 11.73 cents per unit.

The group completed independent valuations for 68% of the portfolio which resulted in a 1.2% uplift in asset values.
With a 13.9-year WALE and CPI-linked rent hikes, RFF is positioned to deliver reliable income growth as it pays unfranked dividends on a quarterly basis with current annual yield at 5.79%.

HomeCo Daily Needs REIT (ASX: HDN) 

HomeCo Daily Needs REIT on 11 December announced a valuation uplift and major refinancing progress which shows how the trust is improving its position as one of Australia’s leading retail REITs.
The preliminary unaudited December 2025 valuation showed a gross gain of $219 million which is a 4.5% lift in portfolio value compared to June 2025.

FFO for FY25 was 8.8 cents per unit while distributions were 8.5 cents per unit and with the trust paying unfranked dividends on a quarterly basis, the current annual yield stands at 6.33% which is supported by steady cashflows and long-term tenant demand.
The REIT has maintained its FY26 FFO guidance of 9.0 cents per unit and FY26 distribution guidance of 8.6 cents per unit.

Dexus Industria REIT (ASX: DXI)

in FY25 continued shifting its portfolio towards high quality industrial assets which included the planned divestment of the Brisbane Technology Park portfolio for $155.5 million and the purchase of a 10,000 sqm urban logistics warehouse at Glendenning for $40 million.
FFO per security increased to 18.2 cents while NTA per security moved up 3.1% to $3.34 which was mainly driven by valuation gains across the industrial portfolio.

Distribution for the year stayed stable at 16.4 cents per security and DXI almost always pays unfranked dividends every quarter and has a current annual yield of about 6%.
Management is guiding for FY26 FFO of 17.3 cents per security and distributions of 16.6 cents supported by steady rental cashflows and a disciplined balance sheet.

(Source: Company Announcements)