As a REIT they are required to pay out at least 90% of profits to shareholders. If you investigate further you will see they are paying most of it in stock and hanging onto the cash because of the tight conditions.
Apartments are the place to be IMHO. As more people continue to lose their houses they will still need a place to live.
Nice yeild too at these depressed levels plus you'll get almost ten percent by holding through next week.