Revealed on February twelfth, 2026 by Bob Ciura
Month-to-month dividend shares have on the spot 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 record of over 100 month-to-month dividend shares.
You possibly can 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 under:
Minto Condo Actual Property Funding Belief (MIAPF) is a month-to-month dividend inventory with a excessive yield. This probably makes the inventory extra engaging for earnings buyers searching for extra frequent dividend payouts.
This text will analyze Minto Condo Actual Property Funding Belief in higher element.
Enterprise Overview
Minto Condo Actual Property Funding Belief is a Canadian residential REIT. It owns a portfolio of 28 purpose-built rental properties comprising about 7,600 suites (about 6,000 suites at efficient possession) throughout main city markets together with Ottawa, Toronto, Montreal, Calgary, and Vancouver.
The portfolio is principally composed of mid and high-rise condominium communities situated in established neighborhoods, with a mixture of wholly owned property and several other co-owned properties and joint ventures.
On November 4th, 2025, Minto Condo REIT reported its Q3 outcomes for the quarter ended September thirtieth, 2025.
Income from funding properties was nearly $29 million, down 1.9% year-over-year, reflecting the disposition of the Castleview property earlier in 2025, partially offset by natural hire progress throughout the same-property portfolio.
On a same-property foundation, income elevated 1.6% yr over yr, pushed by a 4.5% enhance in common month-to-month hire, which was partially offset by a 180 bps decline in common occupancy to 95.3% amid elevated new provide and using leasing incentives.
Similar-property NOI elevated 0.7% yr over yr, as greater revenues have been largely absorbed by elevated working prices associated to wages, advertising, and utilities, leading to a 60 bps compression in NOI margin to 65.5%.
FFO per share was $0.26, steady year-over-year. For FY2025, we anticipate FFO per share of $0.68.
Progress Prospects
Minto Condo REIT was based in 2018 as a part of an IPO of multi-residential rental properties by Minto Properties Inc., a division of the Minto Group.
The REIT started executing its playbook of natural progress (capturing “gain-to-lease”), suite repositioning, and selective exterior progress.
In 2019, the underlying FFO base grew because the REIT executed a significant acquisition yr (together with entry into Montréal and enlargement in Toronto) and continued to comprehend rent-to-market upside.
In 2020, the pandemic created actual however manageable strain, as a result of leasing circumstances in city nodes weakened. Nonetheless, the REIT carried out resident help measures (together with restricted deferral plans) and briefly suspended sure scheduled hire will increase, which weighed on near-term income progress.
Over the previous few years, the REIT delivered strong NOI progress pushed by greater occupancy and rising common month-to-month rents, however quickly rising rates of interest (notably on variable-rate mortgages and the credit score facility) started to constrain FFO momentum, particularly into year-end.
In 2023, working efficiency accelerated (pushed by occupancy and hire progress), and the REIT emphasised changing NOI into per-unit money stream whereas actively lowering variable-rate publicity and recycling capital.
Nonetheless, the elevated value of debt remained a significant offset. In 2024, per-unit outcomes re-accelerated because the REIT paired continued hire/NOI progress with materials interest-cost discount actions.
Shifting ahead, we forecast FFO per share progress of two%, to be powered by rent-to-market seize and continued suite repositioning, with decrease curiosity prices offering incremental help.
We now have the utilized the identical progress estimate for the dividend, which the REIT has raised for 7 consecutive years.
Dividend & Valuation Evaluation
Minto Condo REIT advantages from extremely defensive money flows, supported by a structural scarcity of rental housing in its core city markets and the nondiscretionary nature of housing demand.
Asset high quality seems strong, with purpose-built communities which have continued to lease by means of downturns, together with the pandemic.
Its key benefit is the vertically built-in relationship with the Minto Group, which supplies a proprietary pipeline of growth, intensification, and repositioning alternatives.
Nevertheless, returns are incremental reasonably than cyclical, and sensitivity to rates of interest and capital depth can mood near-term per-unit progress regardless of sturdy long-term fundamentals.
The payout ratio hovers at affordable ranges. Thus, we consider the dividend is secure. That stated, a chronic downturn within the Canadian residential actual property market may nonetheless negatively have an effect on Minto’s outcomes.
Minto inventory trades for a P/FFO ratio of 18.8, which is above our truthful worth estimate of 13. A declining valuation may scale back annual returns by -5.2% per yr.
Offsetting that is anticipated FFO-per-share progress of two% and the three.1% present dividend yield. In all, complete returns are anticipated at simply 0.1% per yr over the subsequent 5 years.
Closing Ideas
Minto Condo REIT affords sturdy, recession-resilient residential money flows and regular long-term progress potential, however near-term efficiency stays formed by rates of interest and administration’s execution of it’s the REIT’s pipeline.
We forecast annualized returns of 0.1% over the medium time period, as returns from progress the beginning yield may very well be nearly totally offset by the valuation headwind.
We price the inventory a maintain as a result of reasonably constant dividend progress since its IPO.
Further Studying
Don’t miss the assets under for extra month-to-month dividend inventory investing analysis.
And see the assets under for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
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