Revealed on February tenth, 2026 by Bob Ciura
Month-to-month dividend shares have prompt attraction for a lot of earnings buyers. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full checklist of over 100 month-to-month dividend shares.
You may obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yields and payout ratios) by clicking on the hyperlink beneath:
Killam Condominium REIT (KMMPF) is a month-to-month dividend inventory with a excessive yield. This doubtlessly makes the inventory extra enticing for earnings buyers on the lookout for extra frequent dividend payouts.
This text will analyze Killam Condominium REIT in better element.
Enterprise Overview
Killam Condominium REIT is a Canadian residential REIT that owns, operates, and develops a big portfolio of condo buildings and manufactured house communities (MHCs) throughout Canada.
Headquartered in Halifax, Nova Scotia, Killam controls over $5.5 billion of actual property, together with roughly 18,800+ condo items and practically 6,000 MHC websites which might be concentrated in Atlantic Canada, Ontario, Alberta, and British Columbia.
Final yr, Killam registered $255 million in income. The REIT experiences its financials in CAD. All Figures on this report have been transformed to USD except in any other case famous.
On November fifth, 2025, Killam Condominium REIT reported its third-quarter outcomes. Whole income was about $70 million, up roughly 5% yr over yr, pushed by a 5.2% improve in same-property income and ongoing contribution from current acquisitions and developments.
Internet working earnings (NOI) rose to about $48 million, reflecting 5.5% same-property NOI development, with same-property condo occupancy nonetheless sturdy at 97.2%.
FFO per unit elevated 3% to roughly $0.24. Administration highlighted continued lease development on renewals and turnovers, secure occupancy, and energetic capital recycling (promoting roughly C$147.6 million of property and reinvesting about C$168.8 million into higher-quality properties) as key helps for future FFO development.
For FY2025, we see FFO/share of $0.88.
Progress Prospects
Killam Condominium REIT’s FFO per share has adopted a broadly upward however modest path over the previous decade, growing from about $0.57 in 2015 to a peak of round $0.82 in 2024 in USD phrases.
Progress was pushed by same-store NOI enhancements, aided by larger occupancy, rental fee development and decrease power prices.
The REIT additionally added incremental FFO through accretive developments and acquisitions, whereas refinancings at decrease rates of interest lowered curiosity bills.
Killam surged in measurement by way of geographic enlargement, improvement completions and the addition of manufactured house communities however by 2021 its FFO per share development moderated because the share/unit rely rose and capital was recurrently deployed in externally-funded transactions.
The 2020–2021 stretch particularly benefited from resilient rental fundamentals regardless of the pandemic, but the underlying FFO/unit development was modest as administration prioritized development in property and scale.
Up to now few years, same-property rental fee development has supported revenue development, however cap fee headwinds, larger curiosity prices, and selective tendencies contributed to the slight dip in FFO/share.
Transferring ahead, we anticipate FFO/share development of roughly 3%, to be supported by continued same-property lease will increase in tight Atlantic and Ontario rental markets.
As well as, Killam ought to profit from regular contributions of lately accomplished developments, and operating-cost efficiencies from ongoing energy-retrofit and repositioning initiatives.
Dividend & Valuation Evaluation
Killam has by no means minimize its month-to-month dividend since its first payout in 2007. The REIT has hiked its month-to-month payout
8 occasions since, however the will increase haven’t been constant.
The final dividend improve was in late 2024. We imagine the dividend also can develop over time at a fee in-line with FFO-per-share development, on common by 3% per yr.
KMMPF inventory trades for a P/FFO ratio of 14.9, which is above our truthful worth estimate of 13. The inventory seems to be overvalued.
A declining P/FFO a number of might cut back annual returns by 2.7% per yr over the following 5 years. Offsetting this will likely be projected FFO-per-share development of three% per yr, in addition to the present dividend which yields 3.9%.
Placing all of it collectively, complete returns are estimated at 4.2% per yr.
Remaining Ideas
Killam is a high-quality, resilient residential REIT with secure fundamentals and disciplined monetary administration.
However with solely modest FFO/share development forward, and an elevated valuation, the attraction for Killam inventory relies on regular earnings slightly than outsized upside.
We forecast annualized returns of 4.2% by way of 2030, to be pushed primarily by the beginning dividend yield and modest development expectations, partially offset by a mushy valuation headwind. We fee the inventory a maintain.
Extra 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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