SP Global data shows that cell tower real estate investment trusts (REITs) had the highest potential returns of nearly 30% of any other REIT sector over a three-year period.

Also, cell tower REITs tend to have the lowest five-year averages Dividend yield of 2.5%.

Although many REITs have wiped out gains with rate hikes, fundamentally, cell tower REITs should continue to hold up. These companies typically have leases with major wireless service providers such as Verizon Communications vz, AT&T Tand T Mobile USA TMUS.

Also read: These 2 small-cap mortgage REITs, which tout tremendous yields, are trading well below book value

These companies could see further downside into 2023 as the Federal Reserve keeps interest rates tight. This could lead to a great buying opportunity if the Fed decides to change its anti-inflation stance.

Learn more about these cell tower REITs that are promoting their sector with above-average yields.

• Uniti Group Inc. UNIT offers a projected dividend yield of 10.10%, or 60 cents per share annually through quarterly payments, with a mixed track record of growing its dividends. The Company, the second largest independent fiber optic network in the country, owns approximately 134,000 fiber route miles, 8 million fiber strand miles and other communications properties across the United States. It updated its fiscal 2022 outlook on November 3, and the company now announced that it expects net income attributable to shareholders to be in the range of $12 million to profit in the range of $6 million, assuming positive net income of between 189 million and $207 million reported in the second quarter.
• Crown Castle Inc. IHK offers a expected dividend yield of 4.48%, or $6.26 per share annually on quarterly payments, and a strong track record of growing its dividends for seven consecutive years. As the nation’s largest provider of shared communications infrastructure, the company’s portfolio includes more than 40,000…