Revealed on January twenty first, 2026 by Bob Ciura
Actual property funding trusts – or REITs – give traders the chance to earn revenue from actual property, with none of the day-to-day hassles related to being a standard landlord.
REITs are well-liked for revenue traders, as they extensively pay greater dividend yields than the common inventory.
Even higher, many REITs pay month-to-month dividends.
Month-to-month dividends enable traders to obtain extra frequent funds than shares which pay quarterly or semi-annual dividend payouts.
There are over 80 month-to-month dividend shares that presently supply a month-to-month dividend fee.
You may obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter, like dividend yield and payout ratio) by clicking on the hyperlink beneath:
With this in thoughts, this text lists 10 REITs with month-to-month dividends, which might make them significantly interesting for revenue traders.
The shares are sorted by dividend yield, from lowest to highest.
Desk of Contents
Month-to-month Dividend REIT #10: STAG Industrial (STAG)
STAG Industrial is an proprietor and operator of commercial actual property. It’s centered on single-tenant industrial properties and has 563 buildings throughout 41 states in the US.
The main target of this REIT on single-tenant properties would possibly create greater threat in comparison with multi-tenant properties, as the previous are both absolutely occupied or fully vacant.
Nevertheless, STAG Industrial executes a deep quantitative and qualitative evaluation on its tenants. Consequently, it has incurred credit score losses which have been lower than 0.1% of its revenues since its IPO.
As per the newest information, 53% of the tenants are publicly rated and 31% of the tenants are rated “funding grade.” The corporate usually does enterprise with established tenants to cut back threat.
In late October, STAG Industrial reported (10/29/25) outcomes for the third quarter of 2025. Core FFO per share grew 8% over final yr’s quarter, from $0.60 to $0.65, beating the analysts’ consensus by $0.02, due to hikes in lease charges.
Internet working revenue grew 4% over the prior yr’s quarter whereas the occupancy charge fell sequentially from 96.3% to 95.8%.
However, curiosity expense elevated 10% year-on-year as a result of excessive rates of interest. This can be a key purpose behind the lackluster development this yr. Administration barely raised its steerage for core FFO per share this yr, from $2.48-$2.52 to $2.52-$2.54.
Click on right here to obtain our most up-to-date Positive Evaluation report on STAG (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #9: Agree Realty (ADC)
Agree Realty is an built-in actual property funding belief (REIT) centered on possession, acquisition, growth, and retail property administration.
Agree has developed over 40 group purchasing facilities all through the Midwestern and Southeastern United States. On the finish of December 2024, the corporate owned and operated 2,370 properties situated in 50 states, containing roughly 48.8 million sq. ft of gross leasable area.
The corporate’s enterprise goal is to put money into and actively handle a diversified portfolio of retail properties internet leased to trade tenants.
On October twenty first, 2025, Agree Realty Corp. reported third quarter outcomes for Fiscal Yr (FY)2025. The corporate reported sturdy third-quarter outcomes for 2025, with EPS of $0.47, beating estimates by $0.01, and income of $183.22 million, up 18.7% year-over-year.
Internet revenue per share rose 7.9% to $0.45, whereas Core FFO and AFFO per share elevated 8.4% and seven.2% to $1.09 and $1.10, respectively.
The corporate declared a month-to-month dividend of $0.256 per share, representing a 2.4% enhance from the prior yr, and raised full-year 2025 AFFO steerage to $4.31–$4.33 per share.
ADC has elevated its dividend for 13 consecutive years.
Click on right here to obtain our most up-to-date Positive Evaluation report on ADC (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #8: SmartStop Self Storage REIT (SMA)
SmartStop Self Storage is an internally managed self-storage REIT that traces its platform again to the Strategic Storage Belief autos fashioned within the late 2000s and listed publicly on the NYSE in April 2025.
As of its newest quarterly filings, the belief’s portfolio consists of 187 working properties comprising 131,275 models and 14.8 million internet rentable sq. ft throughout 24 U.S. states and Canadian provinces.
The properties are primarily fashionable self-storage services providing a mixture of climate-controlled, drive-up, and specialty storage codecs. Together with its owned actual property, SmartStop runs a large managed and third-party administration platform, overseeing 463 properties, ~272,897 models, and ~35.7 million internet rentable sq. ft throughout North America.
On November fifth, 2025, SmartStop Self Storage REIT reported Q3 outcomes. The corporate generated whole self-storage-related revenues of $64.6 million, representing a year-over-year enhance of about $9.2 million, pushed by acquisitions and regular same-store efficiency.
On a same-store foundation, income elevated 2.5% and NOI elevated 1.5%, supported by a 40 foundation level enhance in common occupancy to 92.6% and modest lease development.
FFO, as adjusted, attributable to frequent stockholders and OP unit holders elevated to $27.5 million, up 135% yr over yr, whereas FFO, as adjusted per diluted share and OP unit rose to $0.47, up 12% from final yr.
Click on right here to obtain our most up-to-date Positive Evaluation report on SMA (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #7: Realty Revenue (O)
Realty Revenue is a retail actual property centered REIT that has turn out to be well-known for its profitable dividend development historical past and month-to-month dividend funds.
Realty Revenue owns retail properties that aren’t a part of a wider retail growth (resembling a mall), however as an alternative are standalone properties. Which means the properties are viable for a lot of totally different tenants, together with authorities providers, healthcare providers, and leisure.
On November 3, 2025, Realty Revenue Company reported third-quarter 2025 outcomes together with income of $1.47 billion, exceeding consensus estimates and year-ago ranges.
The corporate posted internet revenue of roughly $315.8 million for the quarter. Similar-store rental income rose 1.3% year-over-year to $1,162.3 million, and the lease recapture charge on re-leased models was 103.5% for each the quarter and the nine-month interval ended September 30, 2025.
Funding exercise was sturdy, with $200 million in U.S. wholly-owned acquisitions throughout Q3 (47 properties, 12.2-year weighted common time period) and $623.2 million throughout 105 properties year-to-date (15.3-year time period) in whole.
Realty Revenue’s most vital aggressive benefit is its world-class administration crew that has efficiently guided the belief up to now.
It has elevated its dividend for 28 consecutive years, and is on the listing of Dividend Aristocrats.
Click on right here to obtain our most up-to-date Positive Evaluation report on Realty Revenue (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #6: LTC Properties (LTC)
LTC Properties is a REIT that invests in senior housing and expert nursing properties. Its portfolio consists of roughly 50% senior housing and 50% expert nursing properties.
The REIT owns almost 190 investments in 25 states with 31 working companions. Similar to different healthcare REITs, LTC advantages from a robust secular pattern, specifically the excessive development of the inhabitants that’s above 80 years outdated.
This development outcomes from the growing old of the infant boomers’ era and the regular rise of life expectancy due to sustained progress in medical sciences.
In early November, LTC reported (11/4/25) monetary outcomes for the third quarter of fiscal 2025. Funds from operations (FFO) per share edged up 1.5% over the prior yr’s quarter, from $0.68 to $0.69, beating the analysts’ consensus by $0.02.
The rise in FFO per share resulted primarily from acquisitions of senior housing properties and decrease curiosity expense.
The leverage ratio (Internet Debt to EBITDA) rose from 4.2x to 4.7x. The REIT is dealing with a headwind as a result of deferred funds from some tenants.
Whereas the pandemic has subsided and plenty of REITs have recovered, LTC nonetheless reveals lackluster enterprise momentum. Administration barely improved its steerage for FFO per share in 2025, from $2.67-$2.71 to $2.69-$2.71.
Click on right here to obtain our most up-to-date Positive Evaluation report on LTC (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #5: EPR Properties (EPR)
EPR Properties is a specialty actual property funding belief, or REIT, that invests in properties in particular market segments that require trade information to function successfully.
It selects properties it believes have sturdy return potential in Leisure, Recreation, and Schooling. The REIT constructions its investments as triple internet, a construction that locations the working prices of the property on the tenants, not the REIT.
The portfolio consists of about $7 billion in investments throughout 300+ areas in 44 states, together with over 250 tenants. Whole income ought to be in extra of $700 million this yr.
EPR posted third quarter earnings on October twenty ninth, 2025, and outcomes had been largely in step with expectations. Adjusted FFO-per-share got here to $1.37, which was three cents forward of estimates.
FFO was up from $1.26 in Q2, and $1.29 within the year-ago interval. Income was up 1% year-over-year to $182 million, in step with expectations.
Property working bills had been $14.5 million, down from $14.7 million in Q2 and $14.6 million a yr in the past. Adjusted EBITDAre was $147 million, up from $138 million in Q2 and $143 million a yr in the past.
Funding spending was $54.5 million, whereas realized disposition proceeds had been $19.3 million. The belief additionally dedicated $100 million in experiential growth and redevelopment tasks over the subsequent 15 months.
Click on right here to obtain our most up-to-date Positive Evaluation report on EPR (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #4: NorthWest Healthcare Properties (NWHUF)
Northwest Healthcare Properties is a globally diversified healthcare actual property investor and asset supervisor.
Its footprint spans 167 income-producing properties throughout Canada, the U.S., Brazil, Europe, and Australasia. The portfolio totals roughly 15.7 million sq. ft of gross leasable space, anchored by long-term, inflation-linked leases and 96.9% occupancy.
The REIT additionally operates a considerable asset administration platform, overseeing $8.4 billion in AUM, of which about $2.7 billion is owned straight and the rest managed via joint ventures with institutional companions.
On November eleventh, 2025, Northwest Healthcare REIT reported its Q3 outcomes. Income got here in at $104.3 million, down modestly year-over-year because the REIT continued to streamline its portfolio.
Internet working revenue was $79.2 million, with occupancy rising to 96.9% and a 13.4-year WALE, supported by 96.9% of lease being inflation-linked or mounted.
Q3 FFO was $0.11 per unit, in step with final yr, whereas AFFO improved to $0.11 per unit, reflecting decrease curiosity prices and stronger money flows.
Throughout the quarter, the REIT offered $35.3 million of non-core belongings and continued deleveraging, decreasing its debt to gross guide worth to 48.4%.
It additionally amended its revolving credit score facility, extending maturity to 2027 and reducing borrowing prices by 65 foundation factors, and refinanced $32.3 million of European mortgages.
Click on right here to obtain our most up-to-date Positive Evaluation report on NWHUF (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #3: Healthpeak Properties (DOC)
Healthpeak Properties is the biggest healthcare REIT within the U.S., with 774 properties. It was the primary healthcare REIT that was included within the S&P 500.
The REIT invests in life science services, senior homes, and medical workplaces, with 97% of its portfolio primarily based on private-pay sources.
In late October, Healthpeak Properties reported (10/23/25) outcomes for the third quarter of fiscal 2025. Similar-property internet working revenue grew 9.4% over the prior yr’s quarter due to sturdy development within the section of constant care retirement group and FFO per share rose 2%, from $0.45 to $0.46.
Administration nonetheless expects annual FFO per share of $1.81-$1.87.
The payout ratio is standing at an almost 10-year low whereas the REIT didn’t have any debt maturities in 2025. The REIT has begun to get well from the pandemic. We additionally count on the belief to enter a sustainable development trajectory.
Click on right here to obtain our most up-to-date Positive Evaluation report on DOC (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #2: Slate Grocery REIT (SRRTF)
Slate Grocery REIT is a Toronto-based, but U.S.-focused actual property funding belief centered on grocery-anchored retail facilities. It owns 116 properties, totaling 15.2 million sq. ft.
The portfolio stays firmly rooted in necessity-based retail, supported by long-term demand drivers. A few of its prime tenants embody Kroger, Walmart, and Ahold Delhaize, whereas the REIT continues to keep up a robust anchor occupancy charge of 99.7%.
On November fifth, 2025, Slate Grocery REIT posted its Q3 outcomes for the interval ending September thirtieth, 2025. Whole income elevated 1.9% year-over-year to $53.3 million.
The expansion was supported by constant rental charge will increase, sturdy leasing spreads, and regular contributions from exercised choices, renewals, and new leasing exercise, reflecting the continued resilience of grocery-anchored retail.
Regardless of this uplift, profitability continued to be influenced by greater curiosity and finance prices together with modestly greater basic and administrative bills. FFO was at $16.5 million, or $0.27 per unit, in comparison with $17.6 million, or $0.29 per unit final yr.
Leasing efficiency remained sturdy, with 417,145 sq. ft accomplished throughout the quarter and renewal spreads of 15.1%, supporting a steady occupancy charge of 94.3%.
Click on right here to obtain our most up-to-date Positive Evaluation report on SRRTF (preview of web page 1 of three proven beneath):
Month-to-month Dividend REIT #1: Modiv Industrial (MDV)
Modiv Industrial (previously often known as Modiv) is Actual Property Funding Belief, which, as its title suggests, goals to pay month-to-month dividends to its shareholders.
The corporate acquires, owns, and actively manages single-tenant net-lease industrial, retail, and workplace properties in the US, specializing in strategically important and mission-critical properties with predominantly investment-grade tenants.
As of its most up-to-date filings, the corporate’s portfolio comprised 43 properties that occupied 4.5 million sq. ft of mixture leasable space. The corporate generated $47.2 million in revenues final yr and is predicated in Costa Mesa, California.
On November 14th, 2025, Modiv reported its Q3 outcomes for the interval ending September thirtieth, 2025. Rental revenue got here in at $11.3 million, in comparison with $11.6 million within the prior-year interval.
Different property revenue was $0.4 million, up from $0.1 million final yr. Thus, whole income was $11.7 million, primarily flat versus $11.7 million in Q3 2024.
Internet revenue attributable to Modiv was $1.0 million, in comparison with a internet lack of $0.6 million final yr, whereas internet revenue attributable to frequent stockholders was $0.3 million, versus a lack of $1.5 million within the prior-year quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on MDV (preview of web page 1 of three proven beneath):
Further Studying
Don’t miss the assets beneath for extra month-to-month dividend inventory investing analysis.
And see the assets beneath for extra compelling funding concepts for dividend development shares and/or high-yield funding securities.
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