T
he NEOS Real Estate High Income ETF (IYRI) is a covered‑call fund that targets equity REITs, offering a value‑and‑quality tilt. Its strategy appeals to investors who are skeptical of the REIT boom yet still want a stable income stream, delivering a durable yield of roughly 8.7 %. In this article I explain why IYRI is an effective way to gain REIT exposure while locking in income through covered calls. IYRI holds a long position in REIT shares and sells call options on them, creating a net‑yielding structure that reduces volatility. The underlying holdings mirror the broad REIT index (VNQ). The author discloses a personal long position in IYRI, IAUI, and O, and notes no compensation beyond Seeking Alpha. Past performance does not guarantee future results, and the views expressed are personal.
