Billboards and Cell Towers Collect Rent From Brands and Carriers, and $120,000 Across These 3 Stocks Pays $5,077 a Year

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A highway billboard and a ridge-top cell tower run on the same simple model: own the structure, collect the rent. Three REIT landlords turn that rent into dividends, but one has already slashed its payout, and the ad-driven names carry their own boom-and-bust risk.

A billboard on an interstate and a cell tower on a ridge work the same way. One company owns the structure, and other businesses pay to use it. Advertisers rent the billboard face to reach drivers, and wireless carriers rent space on the tower for their antennas. Both deals produce recurring rent, and three publicly traded landlords pass much of that rent through to shareholders.

Each of the three is a real estate investment trust, or REIT. A REIT owns income-producing property and, in exchange for avoiding corporate income tax, has to pay out at least 90% of its taxable income as dividends. That rule is why REIT yields tend to run high. Owning a $40,000 position in each of these three high-yield names, $120,000 in total, would generate about $5,077 in annual passive income.

Income figures use each company's latest regular quarterly dividend, annualized, at Nov. 13, 2026 prices. They'll shift as share prices and dividends change.

Outfront sells ad space on static and digital billboards and across transit systems, including a franchise with New York's Metropolitan Transportation Authority. Brands pay for display time, while Outfront pays land rent and transit franchise fees. Third-quarter revenue rose 9.3% to $511.1 million, with transit up 20.4% and billboards up 5.9%, helped by 2026 FIFA World Cup spending.

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The quarterly dividend sat at $0.30 through 2023, 2024 and 2025, then rose to $0.33 starting with the September 2026 payment. AFFO, or adjusted funds from operations (the cash-flow measure REITs use instead of earnings), came to $102.9 million in the third quarter. Costs are the main risk.

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