10 Monthly Dividend REITs With High Yields

Published on January 21st, 2026 by Bob Ciura

Real estate investment trusts – or REITs – give investors the opportunity to earn income from real estate, without any of the day-to-day hassles associated with being a traditional landlord.

REITs are popular for income investors, as they widely pay higher dividend yields than the average stock.

Even better, many REITs pay monthly dividends.

Monthly dividends allow investors to receive more frequent payments than stocks which pay quarterly or semi-annual dividend payouts.

There are over 80 monthly dividend stocks that currently offer a monthly dividend payment.

You can download our full Excel spreadsheet of all monthly dividend stocks (along with metrics that matter, like dividend yield and payout ratio) by clicking on the link below:

10 Monthly Dividend REITs With High Yields

With this in mind, this article lists 10 REITs with monthly dividends, which could make them particularly appealing for income investors.

The stocks are sorted by dividend yield, from lowest to highest.

Monthly Dividend REIT #10: STAG Industrial (STAG)

STAG Industrial is an owner and operator of industrial real estate. It is focused on single-tenant industrial properties and has 563 buildings across 41 states in the United States.

The focus of this REIT on single-tenant properties might create higher risk compared to multi-tenant properties, as the former are either fully occupied or completely vacant.

However, STAG Industrial executes a deep quantitative and qualitative analysis on its tenants. As a result, it has incurred credit losses that have been less than 0.1% of its revenues since its IPO.

As per the latest data, 53% of the tenants are publicly rated and 31% of the tenants are rated “investment grade.” The company typically does business with established tenants to reduce risk.

In late October, STAG Industrial reported (10/29/25) results for the third quarter of 2025. Core FFO per share grew 8% over last year’s quarter, from $0.60 to $0.65, beating the analysts’ consensus by $0.02, thanks to hikes in rent rates.

Net operating income grew 4% over the prior year’s quarter while the occupancy rate fell sequentially from 96.3% to 95.8%.

On the other hand, interest expense increased 10% year-on-year due to high interest rates. This is a key reason behind the lackluster growth this year. Management slightly raised its guidance for core FFO per share this year, from $2.48-$2.52 to $2.52-$2.54.

Click here to download our most recent Sure Analysis report on STAG (preview of page 1 of 3 shown below):

Monthly Dividend REIT #9: Agree Realty (ADC)

Agree Realty is an integrated real estate investment trust (REIT) focused on ownership, acquisition, development, and retail property management.

Agree has developed over 40 community shopping centers throughout the Midwestern and Southeastern United States. At the end of December 2024, the company owned and operated 2,370 properties located in 50 states, containing approximately 48.8 million square feet of gross leasable space.

The company’s business objective is to invest in and actively manage a diversified portfolio of retail properties net leased to industry tenants.

On October 21st, 2025, Agree Realty Corp. reported third quarter results for Fiscal Year (FY)2025. The company reported strong third-quarter results for 2025, with EPS of $0.47, beating estimates by $0.01, and revenue of $183.22 million, up 18.7% year-over-year.

Net income per share rose 7.9% to $0.45, while Core FFO and AFFO per share increased 8.4% and 7.2% to $1.09 and $1.10, respectively.

The company declared a monthly dividend of $0.256 per share, representing a 2.4% increase from the prior year, and raised full-year 2025 AFFO guidance to $4.31–$4.33 per share.

ADC has increased its dividend for 13 consecutive years.

Click here to download our most recent Sure Analysis report on ADC (preview of page 1 of 3 shown below):

Monthly Dividend REIT #8: SmartStop Self Storage REIT (SMA)

SmartStop Self Storage is an internally managed self-storage REIT that traces its platform back to the Strategic Storage Trust vehicles formed in the late 2000s and listed publicly on the NYSE in April 2025.

As of its latest quarterly filings, the trust’s portfolio consists of 187 operating properties comprising 131,275 units and 14.8 million net rentable square feet across 24 U.S. states and Canadian provinces.

The properties are primarily modern self-storage facilities offering a mix of climate-controlled, drive-up, and specialty storage formats. Along with its owned real estate, SmartStop runs a sizable managed and third-party management platform, overseeing 463 properties, ~272,897 units, and ~35.7 million net rentable square feet across North America.

On November 5th, 2025, SmartStop Self Storage REIT reported Q3 results. The company generated total self-storage-related revenues of $64.6 million, representing a year-over-year increase of about $9.2 million, driven by acquisitions and steady same-store performance.

On a same-store basis, revenue increased 2.5% and NOI increased 1.5%, supported by a 40 basis point increase in average occupancy to 92.6% and modest rent growth.

FFO, as adjusted, attributable to common stockholders and OP unit holders increased to $27.5 million, up 135% year over year, while FFO, as adjusted per diluted share and OP unit rose to $0.47, up 12% from last year.

Click here to download our most recent Sure Analysis report on SMA (preview of page 1 of 3 shown below):

Monthly Dividend REIT #7: Realty Income (O)

Realty Income is a retail real estate focused REIT that has become famous for its successful dividend growth history and monthly dividend payments.

Realty Income owns retail properties that are not part of a wider retail development (such as a mall), but instead are standalone properties. This means that the properties are viable for many different tenants, including government services, healthcare services, and entertainment.

On November 3, 2025, Realty Income Corporation reported third-quarter 2025 results including revenue of $1.47 billion, exceeding consensus estimates and year-ago levels.

The company posted net income of approximately $315.8 million for the quarter. Same-store rental revenue rose 1.3% year-over-year to $1,162.3 million, and the rent recapture rate on re-leased units was 103.5% for both the quarter and the nine-month period ended September 30, 2025.

Investment activity was strong, with $200 million in U.S. wholly-owned acquisitions during Q3 (47 properties, 12.2-year weighted average term) and $623.2 million across 105 properties year-to-date (15.3-year term) in total.

Realty Income’s most important competitive advantage is its world-class management team that has successfully guided the trust in the past.

It has increased its dividend for 28 consecutive years, and is on the list of Dividend Aristocrats.

Click here to download our most recent Sure Analysis report on Realty Income (preview of page 1 of 3 shown below):

Monthly Dividend REIT #6: LTC Properties (LTC)

LTC Properties is a REIT that invests in senior housing and skilled nursing properties. Its portfolio consists of approximately 50% senior housing and 50% skilled nursing properties.

The REIT owns nearly 190 investments in 25 states with 31 operating partners. Just like other healthcare REITs, LTC benefits from a strong secular trend, namely the high growth of the population that is above 80 years old.

This growth results from the aging of the baby boomers’ generation and the steady rise of life expectancy thanks to sustained progress in medical sciences.

In early November, LTC reported (11/4/25) financial results for the third quarter of fiscal 2025. Funds from operations (FFO) per share edged up 1.5% over the prior year’s quarter, from $0.68 to $0.69, beating the analysts’ consensus by $0.02.

The increase in FFO per share resulted primarily from acquisitions of senior housing properties and lower interest expense.

The leverage ratio (Net Debt to EBITDA) rose from 4.2x to 4.7x. The REIT is facing a headwind due to deferred payments from some tenants.

While the pandemic has subsided and many REITs have recovered, LTC still exhibits lackluster business momentum. Management slightly improved its guidance for FFO per share in 2025, from $2.67-$2.71 to $2.69-$2.71.

Click here to download our most recent Sure Analysis report on LTC (preview of page 1 of 3 shown below):

Monthly Dividend REIT #5: EPR Properties (EPR)

EPR Properties is a specialty real estate investment trust, or REIT, that invests in properties in specific market segments that require industry knowledge to operate effectively.

It selects properties it believes have strong return potential in Entertainment, Recreation, and Education. The REIT structures its investments as triple net, a structure that places the operating costs of the property on the tenants, not the REIT.

The portfolio includes about $7 billion in investments across 300+ locations in 44 states, including over 250 tenants. Total revenue should be in excess of $700 million this year.

EPR posted third quarter earnings on October 29th, 2025, and results were largely in line with expectations. Adjusted FFO-per-share came to $1.37, which was three cents ahead of estimates.

FFO was up from $1.26 in Q2, and $1.29 in the year-ago period. Revenue was up 1% year-over-year to $182 million, in line with expectations.

Property operating expenses were $14.5 million, down from $14.7 million in Q2 and $14.6 million a year ago. Adjusted EBITDAre was $147 million, up from $138 million in Q2 and $143 million a year ago.

Investment spending was $54.5 million, while realized disposition proceeds were $19.3 million. The trust also committed $100 million in experiential development and redevelopment projects over the next 15 months.

Click here to download our most recent Sure Analysis report on EPR (preview of page 1 of 3 shown below):

Monthly Dividend REIT #4: NorthWest Healthcare Properties (NWHUF)

Northwest Healthcare Properties is a globally diversified healthcare real estate investor and asset manager.

Its footprint spans 167 income-producing properties across Canada, the U.S., Brazil, Europe, and Australasia. The portfolio totals roughly 15.7 million square feet of gross leasable area, anchored by long-term, inflation-linked leases and 96.9% occupancy.

The REIT also operates a substantial asset management platform, overseeing $8.4 billion in AUM, of which about $2.7 billion is owned directly and the remainder managed through joint ventures with institutional partners.

On November 11th, 2025, Northwest Healthcare REIT reported its Q3 results. Revenue came in at $104.3 million, down modestly year-over-year as the REIT continued to streamline its portfolio.

Net operating income was $79.2 million, with occupancy rising to 96.9% and a 13.4-year WALE, supported by 96.9% of rent being inflation-linked or fixed.

Q3 FFO was $0.11 per unit, in line with last year, while AFFO improved to $0.11 per unit, reflecting lower interest costs and stronger cash flows.

During the quarter, the REIT sold $35.3 million of non-core assets and continued deleveraging, reducing its debt to gross book value to 48.4%.

It also amended its revolving credit facility, extending maturity to 2027 and lowering borrowing costs by 65 basis points, and refinanced $32.3 million of European mortgages.

Click here to download our most recent Sure Analysis report on NWHUF (preview of page 1 of 3 shown below):

Monthly Dividend REIT #3: Healthpeak Properties (DOC)

Healthpeak Properties is the largest healthcare REIT in the U.S., with 774 properties. It was the first healthcare REIT that was included in the S&P 500.

The REIT invests in life science facilities, senior houses, and medical offices, with 97% of its portfolio based on private-pay sources.

In late October, Healthpeak Properties reported (10/23/25) results for the third quarter of fiscal 2025. Same-property net operating income grew 9.4% over the prior year’s quarter thanks to strong growth in the segment of continuing care retirement community and FFO per share rose 2%, from $0.45 to $0.46.

Management still expects annual FFO per share of $1.81-$1.87.

The payout ratio is standing at a nearly 10-year low while the REIT did not have any debt maturities in 2025. The REIT has begun to recover from the pandemic. We also expect the trust to enter a sustainable growth trajectory.

Click here to download our most recent Sure Analysis report on DOC (preview of page 1 of 3 shown below):

Monthly Dividend REIT #2: Slate Grocery REIT (SRRTF)

Slate Grocery REIT is a Toronto-based, yet U.S.-focused real estate investment trust focused on grocery-anchored retail centers. It owns 116 properties, totaling 15.2 million square feet.

The portfolio remains firmly rooted in necessity-based retail, supported by long-term demand drivers. Some of its top tenants include Kroger, Walmart, and Ahold Delhaize, while the REIT continues to maintain a strong anchor occupancy rate of 99.7%.

On November 5th, 2025, Slate Grocery REIT posted its Q3 results for the period ending September 30th, 2025. Total revenue increased 1.9% year-over-year to $53.3 million.

The growth was supported by consistent rental rate increases, strong leasing spreads, and steady contributions from exercised options, renewals, and new leasing activity, reflecting the ongoing resilience of grocery-anchored retail.

Despite this uplift, profitability continued to be influenced by higher interest and finance costs along with modestly higher general and administrative expenses. FFO was at $16.5 million, or $0.27 per unit, compared to $17.6 million, or $0.29 per unit last year.

Leasing performance remained robust, with 417,145 square feet completed during the quarter and renewal spreads of 15.1%, supporting a stable occupancy rate of 94.3%.

Click here to download our most recent Sure Analysis report on SRRTF (preview of page 1 of 3 shown below):

Monthly Dividend REIT #1: Modiv Industrial (MDV)

Modiv Industrial (formerly known as Modiv) is Real Estate Investment Trust, which, as its name suggests, aims to pay monthly dividends to its shareholders.

The company acquires, owns, and actively manages single-tenant net-lease industrial, retail, and office properties in the United States, focusing on strategically essential and mission-critical properties with predominantly investment-grade tenants.

As of its most recent filings, the company’s portfolio comprised 43 properties that occupied 4.5 million square feet of aggregate leasable area. The company generated $47.2 million in revenues last year and is based in Costa Mesa, California.

On November 14th, 2025, Modiv reported its Q3 results for the period ending September 30th, 2025. Rental income came in at $11.3 million, compared to $11.6 million in the prior-year period.

Other property income was $0.4 million, up from $0.1 million last year. Thus, total revenue was $11.7 million, essentially flat versus $11.7 million in Q3 2024.

Net income attributable to Modiv was $1.0 million, compared to a net loss of $0.6 million last year, while net income attributable to common stockholders was $0.3 million, versus a loss of $1.5 million in the prior-year quarter.

Click here to download our most recent Sure Analysis report on MDV (preview of page 1 of 3 shown below):