Printed on February 18th, 2026 by Bob Ciura
Month-to-month dividend shares have prompt attraction for a lot of revenue traders. Shares that pay their dividends every month supply extra frequent payouts than conventional quarterly or semi-annual dividend payers.
For that reason, we created a full checklist of over 100 month-to-month dividend shares.
You may obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yields and payout ratios) by clicking on the hyperlink under:
Northview Residential REIT (NRRUF) is a month-to-month dividend inventory with a excessive yield. This probably makes the inventory extra engaging for revenue traders searching for extra frequent dividend payouts.
This text will analyze Northview Residential REIT in larger element.
Enterprise Overview
Northview Residential REIT is a Canadian residential REIT that owns and operates a geographically diversified portfolio concentrated in secondary markets throughout the nation.
The REIT’s portfolio contains 13,100 multi-residential suites, about 1.2 million sq. toes of economic area, and 200 govt suites unfold throughout 9 provinces and a couple of territories, with publicity to Western Canada, Atlantic Canada, Northern Canada, and Central Canada.
Its property are primarily residences and townhomes, complemented by workplace, industrial, retail, and government-anchored industrial properties, in addition to short- and long-term govt lodging in Northern communities.
Its Class A items commerce on the Toronto Inventory Alternate below the image NRR.UN and OTC below the image NRRUF. The REIT reported revenues of about $200 million final yr. The inventory trades at a market cap of simply ~$45 million.
On November fifth, 2025, Northview Residential REIT reported its Q3 outcomes for the quarter ended September thirtieth, 2025. Income as $50.6 million, up barely yr over yr, pushed by sturdy same-door multi-residential hire development that was largely offset by revenue misplaced from non-core asset inclinations accomplished in 2024 and 2025.
Internet working revenue was $31.6 million, up 3.3% year-over-year, supported by 6.5% same-door multi-residential NOI development and steady occupancy of 95.9%. FFO per diluted unit was $0.35, up about 7% year-over-year.
For FY2025, we forecast FFO/share of $1.50.
Progress Prospects
Up till 2019, the enterprise operated as a publicly listed condo REIT (Northview Condo REIT), whose portfolio was diversified geographically, leverage was managed conservatively, and capital allocation prioritized predictable FFO.
The structural break came about in 2020, when the legacy REIT was taken personal and reorganized, thus producing a non-comparable stub yr.
In 2021, FFO rebounded sharply to $1.44 as a full yr of operations resumed below the brand new construction, supported by steady residential occupancy, bettering rents in secondary markets, and early advantages from portfolio simplification.
In 2022, FFO declined to $1.05 as rising rates of interest materially elevated financing prices, inflation pushed up property taxes, insurance coverage, and utilities, and non-core asset gross sales lowered near-term revenue.
In 2023, FFO recovered to $1.25 as same-property NOI development strengthened throughout Western and Atlantic Canada, hire development accelerated, and curiosity expense stabilized following refinancing and debt discount.
Transferring ahead, we anticipate no FFO per share development as working good points are largely offset by asset gross sales, refinancing prices, and a better unit depend, protecting per-unit money move broadly flat.
We additionally don’t anticipate any development within the month-to-month dividend, which was slashed in half in 2023 and has but remained steady.
Dividend & Valuation Evaluation
The REIT’s strengths are grounded in a portfolio dominated by Canadian multi-residential property with constantly excessive occupancy, significant publicity to government-anchored housing and industrial leases in Northern Canada, and demonstrated same-property NOI development in Western and Atlantic Canada even in periods of macro stress.
Nonetheless, a protracted downturn within the Canadian residential market may negatively have an effect on the REIT’s outcomes on account of its elevated leverage, reliance on non-core asset inclinations to handle debt, and focus in secondary and resource-linked markets, which will increase publicity to localized employment weak point.
At present, the payout ratio implies the dividend is secure, however we wouldn’t blindly belief it.
Northview has solely not too long ago began buying and selling OTC. At present, it trades at 7.6x this yr’s anticipated FFO. We consider a fair decrease P/FFO of about 7 extra pretty displays in underlying prospects.
Consequently, a declining P/FFO a number of may scale back annual returns by -1.7% per yr over the following 5 years.
Along with the 7.0% present dividend yield and anticipated FFO-per-share development of 0%, complete estimated returns are 4.8% per yr over the following 5 years.
Progress may resume sooner or later, however not within the subsequent few years given its excessive indebtedness (debt to gross guide worth at 63.4%).
Within the meantime, the dividend yield isn’t sufficient to compensate traders for holding the inventory given the underlying dangers concerned.
Remaining Ideas
Total, the REIT affords sturdy residential money flows and bettering working fundamentals, however its near-term return profile stays constrained by leverage administration and restricted capability for per-unit development.
We consider there’s a likelihood the inventory produces underwhelming returns on account of the potential of a valuation compression.
Together with the shortage of dividend development, we price the inventory a promote.
Extra Studying
Don’t miss the assets under for extra month-to-month dividend inventory investing analysis.
And see the assets under for extra compelling funding concepts for dividend development shares and/or high-yield funding securities.
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