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10 Monthly Dividend REITs With High Yields Up To 6.8%


Updated on July 17th, 2026 by Nikolaos Sismanis
With contributions from Ben Reynolds

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.

Some REITs combine the above favorable characteristics with monthly dividend payments.

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

The collection of 10 securities analyzed below have the following compelling characteristics:

Notes: This article is powered by Sure Analysis Research Database data. We excluded mortgage REITs and international REITs for a cleaner list.

The REITs below are sorted by Dividend Risk Score, and then by dividend yield. REITs #6 – #10 have the riskiest Dividend Risk Score. REIT #5 is in a lower risk group, and #1 – #4 are in the lowest risk group for this article.

Table of Contents

Monthly Dividend REIT #10: Apple Hospitality REIT (APLE)

Apple Hospitality is a hotel REIT with properties spread across dozens of markets and states. Its portfolio is concentrated in select-service and extended-stay hotels operating under leading brands such as Marriott, Hilton, and Hyatt.

At the end of March, Apple Hospitality owned 216 hotels with about 29,500 guest rooms across 37 states and the District of Columbia.

In the first quarter, revenue increased 3.1% year-over-year to $337.7 million. Comparable occupancy rose 2.1% to 72.8%, while the average daily rate edged up 0.1% to $157.35.

Together, these improvements lifted revenue per available room by 2.2% to $114.61. Comparable adjusted hotel EBITDA increased 3.6% to $108.4 million, although the associated margin slipped 20 basis points to 32.2%.

Modified FFO rose 1.9% to $80.3 million, reflecting a reasonably solid start to the year.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on APLE.

Monthly Dividend REIT #9: Four Corners Property Trust (FCPT)

Four Corners Property Trust was created through a 2015 spin-off from Darden Restaurants. The REIT primarily acquires restaurant and other retail properties operated under long-term net leases, leaving most property-related expenses with its tenants.

At the end of the first quarter, Four Corners owned 1,313 properties across 48 states.

The portfolio was 99.6% occupied, rent collections equaled 99.7% of contractual base rent, and the weighted-average remaining lease term was 6.7 years.

First-quarter revenue increased 9.4% to $78.2 million, while AFFO per share rose 3.4% to $0.45.

The company also acquired 10 properties for $26.2 million at an initial cash yield of 6.8% and a weighted-average lease term of 10 years.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on FCPT.

Monthly Dividend REIT #8: 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.

EPR has about $7.1 billion invested across more than 330 locations in 44 states.

Its properties are leased to over 250 tenants. In the first quarter, adjusted FFO per share increased from $1.21 to $1.29 and exceeded analyst expectations by $0.04. Revenue grew almost 4% year-over-year to $181.3 million.

Following the solid start to the year, management slightly increased its 2026 guidance. The updated outlook now calls for adjusted FFO per share of about $5.45 at the midpoint.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on EPR.

Monthly Dividend REIT #7: Gladstone Land Corporation (LAND)

Gladstone Land is a farmland REIT that owns 144 farms comprising approximately 99,000 acres across 14 states, along with about 56,000 acre-feet of water assets in California. Its portfolio has an estimated fair value of approximately $1.5 billion.

Gladstone typically leases its farms under triple-net agreements, limiting its exposure to property-level operating expenses.

The company reported first-quarter FFO of $0.08 per share, well ahead of expectations for only $0.01. Revenue declined 1.5% year-over-year to $16.6 million but still exceeded estimates.

Fixed base cash rents fell by $2.4 million, while participation rents increased by approximately $4.4 million.

This increase was mainly due to the early receipt of a partial bonus payment related to the 2025 pistachio crop. Gladstone expects to receive the remaining portion during the fourth quarter.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on LAND.

Monthly Dividend REIT #6: Modiv Industrial (MDV)

Modiv Industrial is a real estate investment trust focused primarily on single-tenant, net-leased industrial properties in the United States.

Its portfolio comprises 43 properties occupying approximately 4.5 million square feet of aggregate leasable space.

The most important development for investors is Modiv’s pending acquisition by Global Net Lease. Under the agreement, Modiv shareholders will receive 1.975 GNL shares for each Modiv share they own.

The all-stock transaction values Modiv at an enterprise value of approximately $535 million and is expected to close in the third quarter of 2026.

Global Net Lease expects the acquisition to be immediately accretive to its AFFO per share.

Modiv shareholders are also expected to receive approximately 25% more annual dividend income following the transaction.

Until the deal closes, Modiv continues to distribute $0.10 per share each month.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on MDV.

Monthly Dividend REIT #5: Gladstone Commercial Corporation (GOOD)

Gladstone Commercial is a net-lease REIT that owns single-tenant and anchored multi-tenant industrial and office properties across the United States. Its portfolio includes more than 100 properties in 24 states, leased to approximately 100 different tenants.

For the first quarter of 2026, Core FFO available to common shareholders and operating partnership unitholders was $17.0 million, or $0.35 per share.

This was down 4.7% from the previous quarter, primarily because the fourth quarter included a lease termination payment and proceeds from an easement settlement.

Gladstone paid common distributions totaling $0.30 per share during the quarter and subsequently declared another $0.30 for April through June.

The annualized dividend of $1.20 represents a relatively high payout against the expected FFO of approximately $1.40 per share.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on GOOD.

Monthly Dividend REIT #4: Phillips Edison & Company (PECO)

Phillips Edison & Company owns and operates grocery-anchored neighborhood shopping centers. These properties benefit from steady traffic generated by supermarkets and other necessity-based retailers.

At the end of the first quarter, its wholly owned portfolio included 299 properties totaling 33.7 million square feet across 31 states. Including 27 shopping centers held through three institutional joint ventures, PECO managed 326 properties in total.

First-quarter Core FFO increased 6.2% to $0.69 per share, while same-center net operating income grew 3.5%.

Portfolio occupancy remained strong at 97.1%, and comparable new and renewal leases were signed at a combined rent spread of 24.3%.

Phillips Edison also acquired $125.5 million of properties during the quarter.

The REIR ended March with approximately $810 million of liquidity, while 94.4% of its debt was fixed-rate, limiting its near-term exposure to fluctuating interest rates.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on PECO.

Monthly Dividend REIT #3: Agree Realty Corporation (ADC)

Agree Realty is a retail net-lease REIT with a highly diversified portfolio.

At the end of March, the company owned 2,756 properties across all 50 states, totaling approximately 57.5 million square feet. Its tenants include many of the country’s largest retailers.

The portfolio was 99.7% leased, while investment-grade tenants generated 65.4% of annualized base rent.

Agree invested approximately $424 million during the first quarter, including $402.5 million spent acquiring 85 properties at an average capitalization rate of 7.1%. AFFO per share increased 7.9% to $1.14.

The company also raised its monthly dividend to $0.267 per share, representing a 4.3% year-over-year increase.

First-quarter dividends consumed approximately 69% of AFFO, leaving a healthy coverage cushion.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on ADC.

Monthly Dividend REIT #2: UDR, Inc. (UDR)

UDR is a residential REIT that owns and operates apartment communities in major U.S. markets. Its portfolio is concentrated in locations where barriers to new construction help support occupancy and rental rates. At the end of Q1, UDR owned or had an ownership interest in 59,782 apartment homes.

In April, UDR became the first publicly traded residential REIT to announce a monthly common dividend. First-quarter FFO as adjusted increased 2% to $0.62 per share.

Same-store revenue grew 0.9%, although a 4.4% increase in expenses caused same-store net operating income to decline 0.8%.

During the quarter, UDR sold four apartment communities for $362 million and repurchased $100 million of stock.

It subsequently repurchased another $50 million. The new monthly dividend is $0.145 per share, equivalent to an annualized payout of $1.74, with the first monthly payment scheduled for July 31st.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on UDR.

Monthly Dividend REIT #1: Realty Income (O)

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

The REIT owns more than 15,500 properties across the United States, the United Kingdom, and Continental Europe.

Its properties are generally leased to tenants under long-term triple-net agreements.

First-quarter revenue increased 12.2% to $1.55 billion, supported by the carryover effect of $6.2 billion of investments completed in 2025 and another $2.6 billion of pro-rata investment volume during the quarter.

Same-store rental revenue grew 0.8%, while occupancy increased 40 basis points to 98.9%.

Realty Income also achieved a 103.4% rent recapture rate on renewed leases.

FFO per share rose 6.6% to $1.13, and the company has now increased its dividend for 32 consecutive years.

Deep Dive: Click here to download (for free) our most recent 3-Page Sure Analysis PDF report on O.

Additional Reading

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

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