Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
14 listed REITs pay a monthly dividend with a rate verified against their SEC filings, as of October 19, 2026: 8 equity REITs and 6 mortgage REITs. 5 of them carry a grade of B or better. 2 other monthly payers (Gladstone Commercial, Gladstone Land) are held back until their payment records and SEC filings agree.
Monthly payments make budgeting easier for income investors, but the frequency says nothing about safety. The table ranks every monthly payer by yield, with the monthly amount per share, the growth record and the grade side by side.
| # | REIT | Ticker | Sector | Yield | Annual dividend | Monthly payment | Years of increases | Grade |
|---|---|---|---|---|---|---|---|---|
| 1 | Invesco Mortgage Capital | IVR | Mortgage | 27.48% | $1.44 | $0.1200 | n/a | D 44 |
| 2 | Orchid Island Capital | ORC | Mortgage | 25.16% | $1.20 | $0.1000 | n/a | D 36 |
| 3 | ARMOUR Residential REIT | ARR | Mortgage | 23.45% | $2.88 | $0.2400 | n/a | D 45 |
| 4 | Dynex Capital | DX | Mortgage | 19.32% | $2.04 | $0.1700 | n/a | C 63 |
| 5 | AGNC Investment | AGNC | Mortgage | 17.06% | $1.44 | $0.1200 | n/a | C 61 |
| 6 | Ellington Financial | EFC | Mortgage | 13.74% | $1.56 | $0.1300 | n/a | C 63 |
| 7 | EPR Properties | EPR | Net Lease | 6.85% | $3.72 | $0.3100 | n/a | C 68 |
| 8 | Healthpeak Properties | DOC | Healthcare | 6.65% | $1.22† | $0.1020 | n/a | B 73 |
| 9 | Realty Income | O | Net Lease | 5.88% | $3.26† | $0.2720 | 25+ | A 87 |
| 10 | Apple Hospitality REIT | APLE | Hotels | 5.58% | $0.96 | $0.0800 | n/a | B 72 |
| 11 | LTC Properties | LTC | Healthcare | 5.39% | $2.28 | $0.1900 | n/a | C 67 |
| 12 | Agree Realty | ADC | Net Lease | 4.87% | $3.20 | $0.2670 | 13 | A 87 |
| 13 | SmartStop Self Storage REIT | SMA | Self-Storage | 4.71% | $1.58 | $0.1320 | n/a | C 60 |
| 14 | Phillips Edison & Company | PECO | Retail | 3.65% | $1.38† | $0.1150 | 3 | B 73 |
† The current dividend rate is above the per-share dividend in the latest 10-Q, consistent with a recent increase. The prior rate is confirmed by the filing; the new rate comes from payment records and is confirmed when the next 10-Q is filed.
How This List Is Built
A REIT is classed as a monthly payer when the gap between its recent regular payments is about a month. The monthly payment is the latest regular payment; the annual dividend multiplies it by twelve and is checked against the dividend per share in the latest 10-Q. Yields use closing prices verified across Nasdaq and Cboe.
Frequently Asked Questions
How many REITs pay monthly dividends?
14 listed REITs pay monthly with a verified dividend as of October 19, 2026, 8 of them equity REITs. 2 more monthly payers are pending verification.
Which monthly dividend REIT has the highest yield?
Among equity REITs, EPR Properties (EPR) at 6.85%. Overall, Invesco Mortgage Capital (IVR) yields 27.48%.
Which monthly dividend REITs are highest rated?
By REIT Rankings grade: Realty Income (A, 87), Agree Realty (A, 87), Healthpeak Properties (B, 73).
Are monthly dividend REITs better than quarterly payers?
Only for cash-flow timing. Over a year the total is what matters, and many of the strongest REITs pay quarterly. Choose on grade, yield and growth, then treat monthly payment as a convenience.
How are monthly dividend REITs taxed?
The same as other REIT dividends: mostly as ordinary income, with portions sometimes classified as capital gains or return of capital. Frequency does not change the tax treatment.
Related Pages
Highest-yielding REITs · REIT dividend safety 2026 · Longest dividend growth streaks · REIT dividend increases in 2026
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.