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10 Monthly Dividend REITs With High Yields


Updated on April 29th, 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:

 

Click here to instantly download your free spreadsheet of all monthly dividend stocks now, along with important investing metrics.

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

The list of high-yield monthly paying REITs excludes international stocks, and U.S. based mortgage REITs.

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

Table of Contents

Monthly Dividend REIT #10: SmartStop Self Storage REIT (SMA)

SmartStop Self Storage is an internally managed self-storage REIT. As of its latest filings, the trust’s portfolio consists of 188 owned operating properties comprising about 132,000 units and 14.9 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 operates a sizable managed and third-party platform, overseeing 461 owned and managed properties totaling approximately 35.2 million square feet across North America.

On February 25th, 2026, SmartStop Self Storage REIT, Inc. reported full year 2025 results. SmartStop generated total self-storage-related revenues of about $249.5 million, representing a year-over-year increase of about $30.5 million.

On a same-store basis, revenue increased 1.6% and NOI increased 0.6%, supported by a 30 basis point increase in average physical occupancy to 92.5% and a 0.3% increase in annualized rent per occupied square foot to about $20.03.

FFO, as adjusted, attributable to common stockholders and OP unit holders rose to about $95.5 million, up about $48.7 million year over year, while FFO per diluted share increased to $1.87, up about $0.17 from 2024.

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

Monthly Dividend REIT #9: Realty Income (O)

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

It owns over 15,500 properties throughout the U.S., the U.K., and Europe. It owns retail properties that are not part of a wider retail development (such as a mall) but instead are standalone properties.

On February 24th, Realty Income shared its fourth quarter earnings report for the period ended December 31st, 2025. Total revenue surged 11.0% higher over the year-ago period to $1.49 billion during the quarter. The driving factor of this top-line growth was the $6.2 billion in investment volume in 2025.

A secondary growth tailwind for the net lease REIT in the quarter was that its business model includes contractual rent increases. That led same-store rental revenue to grow by 1.1% year-over-year for the quarter.

Another growth driver for O was the fact that its properties are of such high-quality that it’s routinely able to renew expired leases at higher rents than the prior rent (the recapture rate was 104.9% on 194 lease expirations in Q4 2025).

The net lease REIT’s AFFO per share increased by 2.9% over the year-ago period to $1.08 during the quarter.

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 #8: Gladstone Land Corp. (LAND)

Gladstone Land Corporation is a REIT that specializes in the owning and operating of farmland in the U.S.

The trust owns about 160 farms, comprising more than 100,000 acres of farmable land. Gladstone’s business is made up of three different options available to farmers, all of which are done on a triple-net basis.

The trust offers long-term sale leaseback transactions, traditional leases of farmland, and outright purchases of farm properties. Gladstone’s portfolio has an appraised value of over $1.5 billion.

Gladstone posted fourth quarter and full-year earnings on February 25th, 2026, and results were better than expected on both the top and bottom lines.

Funds-from-operations came to 38 cents, beating estimates by three cents. Adjusted FFO-per-share soared from just nine cents a year ago. On an adjusted, dollar basis, FFO was $14.4 million for the quarter, up from just $3.4 million a year ago.

For the year, FFO was down slightly on a dollar basis, but much more sharply on a per-share basis given the much higher share count.

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

Monthly Dividend REIT #7: LTC Properties (LTC)

LTC Properties invests in senior housing and skilled nursing properties.

Its portfolio consists of approximately 63% senior housing and 37% 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 boomer generation and the steady rise of life expectancy thanks to sustained progress in medical sciences.

In late February, LTC reported (2/24/26) financial results for the fourth quarter of fiscal 2025. Funds from operations (FFO) per share grew 8% over the prior year’s quarter, from $0.65 to $0.70, beating the analysts’ consensus by $0.02. The increase in FFO per share resulted primarily from acquisitions of senior housing properties.

The leverage ratio (Net Debt to EBITDA) improved from 4.7x to 4.5x. The REIT is facing a headwind due to deferred payments from some tenants.

Management provided modest guidance for 2026, expecting FFO per share of $2.75-$2.79.

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

Monthly Dividend REIT #6: 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 $750 million this year.

EPR posted fourth quarter and full-year earnings on February 26th, 2026. FFO-per-share came to $1.30, which was as expected.

Revenue was up 3.2% year-over-year to $183 million, beating estimates by $1 million. Rental revenue was up $8 million year-over-year.

For the year, FFO came to $5.12 per share, up from $4.87 a year ago. Disposition proceeds were $35 million for the quarter and $168 million a year ago.

The company also announced that it is acquiring seven regional amusement parks from Six Flags Entertainment (FUN) for a gross amount of $342 million. This would be the largest acquisition since 2017.

EPR boosted its dividend by 5% to a new payout of $3.72 annually, its 5th consecutive year of increases.

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

Monthly Dividend REIT #5: Apple Hospitality REIT (APLE)

Apple Hospitality is a hotel REIT that owns a portfolio of hotels with tens of thousands of rooms located in scores of markets and across dozens of states.

It franchises its properties out to leading brands, including Marriott-branded hotels, Hilton-branded hotels, and Hyatt-branded hotels.

As of its latest filings, Apple Hospitality owned 217 hotels with a total of 29,583 guest rooms across 37 states and the District of Columbia.

On February 23rd, 2026, Apple Hospitality REIT posted its Q4 and full-year results. The company reported total revenue of $326.4 million for the quarter, down 2.0% from the prior year.

Portfolio performance was modestly softer year over year, as Comparable Hotels ADR declined 0.9% to $151.89 and occupancy fell 1.7% to 70.4%, driving a 2.6% decrease in RevPAR to $106.90.

Comparable Hotels Adjusted Hotel EBITDA declined 8.4% to $99.2 million, with margin narrowing 210 basis points to 31.1%. Adjusted EBITDAre decreased 3.6% to $93.1 million, reflecting weaker comparable hotel performance during the quarter.

Modified Funds from Operations (MFFO), the REIT’s key measure of operating cash flow, totaled $73.1 million, down 4.4% from Q4 2024. On a per-share basis, MFFO was $0.31, compared with $0.32 in the prior-year quarter.

For full-year 2026, the company expects Comparable Hotels RevPAR to range from down 1.0% to up 1.0% and Adjusted EBITDAre to range between $424 million and $447 million.

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

Monthly Dividend REIT #4: 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 January 20th, 2026, Modiv raised its dividend by 2.6% to a monthly rate of $0.10.

On March 25th, 2026, Modiv reported its Q4 and full-year results for the period ending December 31st, 2025. Rental income came in at $11.0 million, compared to $11.7 million in the prior-year period.

Other property income was $0.3 million, essentially flat versus last year. Total revenue was $11.3 million, a decrease versus $11.8 million in Q4 2024.

AFFO attributable to Modiv was $4.0 million, compared to $4.1 million last year, while AFFO per share was $0.32, versus $0.37 in the prior-year quarter.

During the quarter, Modiv continued to advance its capital recycling efforts, successfully completing the $26.0 million sale of its Issaquah, Washington office property on December 15th, 2025, and subsequently repaying the related $18.3 million mortgage.

Click here to download our most recent Sure Analysis report on MDV (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.

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

Monthly Dividend REIT #2: Chiron Real Estate (XRN)

Chiron Real Estate is a healthcare real estate company focused on owning net-lease healthcare facilities, off-campus outpatient medical buildings, and other specialized care properties leased to physician groups and regional or national
health systems.

As of its latest filings, the portfolio comprised 189 properties totaling 5.1 million square feet and was 96% leased.

The asset mix was weighted toward outpatient medical properties (72%), with additional exposure to inpatient rehabilitation facilities (16%) and other healthcare real estate (12%).

On February 25th, 2026, Chiron Real Estate released Q4 and full-year results for the period ending December 31st, 2025.

For the year, rental revenue increased to $147.7 million from $138.4 million in 2024, while total revenue rose to $148.2 million from $138.8 million.

Adjusted Core FFO rose to $65.8 million, or $4.53 per share and unit, from $63.4 million, or $4.44 per share and unit, in 2024, while year-end leased occupancy was 96.0%.

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

Monthly Dividend REIT #1: Gladstone Commercial Corp. (GOOD)

Gladstone Commercial Corporation is a real estate investment trust, or REIT, that specializes in single-tenant and anchored multi-tenant net leased industrial and office properties across the U.S.

The trust targets primary and secondary markets that possess favorable economic growth trends, growing populations, strong employment, and robust growth trends.

The trust’s stated goal is to pay shareholders monthly distributions, which it has done for more than 17 consecutive years. Gladstone owns over 100 properties in 24 states that are leased to about 100 unique tenants.

Gladstone posted fourth-quarter and full-year earnings on February 19th, 2026, and results were better than expected on both the top and bottom lines.

Funds-from-operations per-share came to 37 cents in Q4, which was a penny ahead of estimates. Revenue was $43.46 million, which was $2.23 million better than expected.

Same-store lease revenue was up 4% in the 12 months ending in December against the same period a year earlier. Operating revenue for the quarter was $43.5 million, while operating expenses were $26.4 million.

Net assets increased during the year from $1.1 billion to $1.2 billion. Management noted that during 2025 Gladstone acquired $206 million of industrial assets across 10 facilities totaling 1.6 million square feet.

These deals carried a weighted average cap rate of 8.88% and an average lease term of 15.9 years.

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

Additional Reading

Don’t miss the resources below for more monthly dividend stock investing research.

And see the resources below for more compelling investment ideas for dividend growth stocks and/or high-yield investment securities.

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