“If you believe — as I do — that this period of low inflation and low bond yields still has a few years left to run, then REIT dividends at today’s levels look like a very solid value,” Sizemore said.

REIT investors, though, should be ready for any short-term volatility if rates increase. Nevertheless, a rising rate environment usually goes hand-in-hand with positive economic growth as the Federal Reserve tries to keep the economy from overheating. Consequently, in a steadily expanding economy, REITs can still capitalize on high occupancy rates and higher rents. [Commercial REIT ETFs Are In A Good Spot]

For more information on real estate investment trusts, visit our REITs category.

Max Chen contributed to this article.