Revealed on February twenty sixth, 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 supply 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 beneath:
Professional Actual Property Funding Belief (PRVFF) is a month-to-month dividend inventory with a excessive yield. This probably makes the inventory extra enticing for earnings buyers on the lookout for extra frequent dividend payouts.
This text will analyze Professional Actual Property Funding Belief in better element.
Enterprise Overview
PRO Actual Property Funding Belief is a Canadian industrial-focused actual property funding belief that owns, operates, and develops gentle industrial properties throughout major and secondary markets in Canada, with a powerful focus in Japanese and Central Canada.
As of September thirtieth, 2025, PROREIT owned 106 properties (66 wholly owned and 40 held by way of 50% co-ownerships), representing roughly 6.4 million sq. ft of gross leasable space, with industrial belongings accounting for over 90% of GLA following the sale of non-core retail properties.
The REIT stories its financials in CAD. All figures on this report have been transformed to USD except in any other case famous. The REIT recorded $69 million in revenues final yr.
On November eleventh, 2025, PRO Actual Property Funding Belief reported its Q3 outcomes, with property income of $19.5 million, internet working earnings of $12.3 million, and same-property NOI of $9.7 million, reflecting contractual hire escalations and better renewal and new-lease rental charges regardless of a smaller portfolio following asset inclinations.
Portfolio fundamentals remained stable, with occupancy of 95.5% and a weighted common lease time period of 4.4 years. Improved working efficiency was offset by increased curiosity expense and elevated stabilized leasing prices, leading to AFFO of about $6.0 million, or AFFO per share of $0.089.
For FY2025, we anticipate AFFO per share of $0.35.
Progress Prospects
PRO Actual Property Funding Belief hasn’t managed to develop its AFFO per share meaningfully over the previous decade.
PROREIT’s AFFO per share trended decrease primarily attributable to fairness issuance and timing-related dilution, as capital raised for acquisitions was briefly held in money or used to repay debt earlier than being absolutely redeployed into income-producing properties.
Administration persistently famous that AFFO softness throughout this era mirrored money drag and better recurring deductions and never weakening property efficiency.
Between 2019 and 2021, absolute NOI and AFFO continued to develop, however per-unit outcomes remained constrained by rising upkeep capital expenditures, stabilized leasing prices, and straight-line hire changes, all of that are deducted in AFFO and elevated because the portfolio expanded and leasing exercise accelerated.
From 2022 by way of 2024, AFFO per share declined additional attributable to increased curiosity expense in a rising-rate atmosphere together with ongoing capital recycling and leasing capital necessities.
Whereas the shift towards a higher-quality, pure-play industrial portfolio improved long-term asset high quality and NOI development, these advantages had been largely offset on the per-share degree by financing prices and capital depth, leading to continued strain on AFFO per share.
Shifting ahead, we forecast no development in AFFO per share attributable to increased curiosity expense and ongoing upkeep and leasing capital wants offsetting incremental industrial hire development.
Dividend & Valuation Evaluation
PRO Actual Property Funding Belief has traded solely briefly over-the-counter in USD. The inventory at present trades for a P/FFO ratio of 11.9.
We now have set our truthful a number of at nearly 11x AFFO, a degree we consider is truthful for a REIT with unexciting development prospects.
A declining P/FFO a number of might scale back annual returns by 1.6% per yr. Together with no anticipated FFO development and the 7.9% dividend yield, complete returns are anticipated at 5.7% per yr over the subsequent 5 years.
Last Ideas
PROREIT has efficiently repositioned its portfolio towards higher-quality industrial belongings, however leverage of roughly 8.4× adjusted debt to annualized adjusted EBITDA, mixed with sustained strain on AFFO per share, limits monetary flexibility and constrains near-term risk-adjusted returns.
We forecast annualized returns of 5.7% to be powered by the dividend, offset by a possible a number of compression. PRO Actual Property earns a promote score attributable to missing dividend development.
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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