Explore real estate trusts that pay dividends every 30 days
For retirees, timing matters. A steady income stream that lines up with your monthly expenses can bring peace of mind and financial stability. That’s why monthly-paying REITs (Real Estate Investment Trusts) are a favorite among income-focused investors.
Unlike most dividend stocks or REITs that pay quarterly, these REITs distribute income every 30 days, providing smoother cash flow for those living off their investments. In this post, we highlight five standout REITs that pay monthly and offer dependable income backed by real estate.
1. Realty Income (O)
Known as “The Monthly Dividend Company,” Realty Income is a blue-chip REIT that owns over 13,000 commercial properties, including convenience stores, drugstores, and dollar stores. Its tenants are typically well-known, recession-resistant businesses like Walgreens and 7-Eleven. Realty Income has paid monthly dividends for decades and has increased its payout over 100 times since going public. With a strong balance sheet and a commitment to income investors, it’s often the first choice for those seeking reliable, monthly dividend checks.
2. STAG Industrial (STAG)
STAG focuses on single-tenant industrial properties like warehouses and distribution centers — a fast-growing sector thanks to e-commerce and supply chain needs. With over 500 properties across the U.S., STAG leases to financially sound companies, typically under long-term agreements. What makes STAG appealing to retirees is its monthly dividend, historically supported by steady cash flow. While its yield tends to be moderate, the consistency and growth potential make it a strong contender for monthly income portfolios.
3. LTC Properties (LTC)
LTC Properties invests in senior housing and skilled nursing facilities — sectors supported by long-term demographic trends. The REIT partners with experienced operators in a triple-net lease model, providing stable rental income while offloading most operational responsibilities. LTC pays dividends monthly and has done so for many years. For income-seeking retirees, LTC offers a blend of healthcare exposure and real estate income, with a yield that’s often north of 6%, depending on market conditions.
4. EPR Properties (EPR)
EPR specializes in experiential real estate — think movie theaters, water parks, golf entertainment venues, and private schools. While that might sound risky, EPR’s portfolio is well-diversified and backed by long-term leases. It also offers an above-average yield and pays monthly dividends. Although it faced challenges during COVID-19, EPR has bounced back and reinstated its dividend. For investors seeking higher monthly income and are comfortable with a bit more volatility, EPR can be a rewarding choice.
5. AGNC Investment Corp. (AGNC)
Technically a mortgage REIT (mREIT), AGNC invests in agency mortgage-backed securities. It earns income by borrowing at short-term rates and investing in longer-term government-backed mortgage assets. AGNC is one of the highest-yielding monthly dividend payers, often offering yields in the 12% range. However, it’s more sensitive to interest rate fluctuations than traditional equity REITs. While not for the ultra-conservative investor, AGNC can add meaningful income — just understand the risks and consider limiting exposure.
Final Thoughts
Monthly-paying REITs can help retirees:
- Match income with monthly bills
- Avoid lumpy quarterly cash flow
- Enjoy more predictable budgeting
While not all monthly REITs are created equal, the five listed above have track records of paying consistent income and can be great additions to an income-focused retirement portfolio.
This post is adapted from my book: The Passive Landlord: Earn Safe 12% Returns Investing in REITs, available at Amazon.com in paperback and eBook formats.
Disclaimer: This post is for informational purposes only and does not constitute investment advice. All investments carry risk. Always consult with a qualified financial advisor before making investment decisions.