Often a triple net lease will contain contractual annual rent escalations, providing the REIT with steady cash flow growth over time.

FORBES: Health Care REITs Should Provide Durable Income in 2013

One of those I especially like now is May Department Stores (nyse: MAY - news - people ), America's largest such chain, at 50% of annual revenue, 4 times cash flow (in the sense of 2002 net income plus depreciation) and with a 4.1% dividend yield.

FORBES: Next Year Will Be Better

It sells at eight times my estimate of 2009 earnings, five times cash flow (in the sense of net income plus depreciation) and 1.8 times annual sales.

FORBES: Quarter-Century Mark