Revealed on January 14th, 2026 by Bob Ciura
Month-to-month dividend shares have instantaneous 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.
Because of this, we created a full record of over 100 month-to-month dividend shares.
You’ll be able to 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 beneath:
Artis Actual Property Funding Belief (ARESF) is a month-to-month dividend inventory based mostly in Canada. This doubtlessly makes the inventory extra engaging for revenue traders on the lookout for extra frequent dividend payouts.
This text will analyze Artis Actual Property Funding Belief in larger element.
Enterprise Overview
Artis Actual Property Funding Belief is a diversified industrial REIT proudly owning a portfolio of 83 income-producing properties totaling 9.7 million sq. toes throughout Canada and the U.S., with a deal with workplace, industrial, and retail belongings, plus one mixed-use residential/industrial property in Winnipeg.
As of September thirtieth 2025, the portfolio is 52% U.S. and 48% Canada by GLA, and office-heavy (about 55% of GLA), with industrial ~34% and retail ~11%.
Artis’s technique is explicitly value-oriented, centered on capital recycling via inclinations, aggressive unit buybacks, selective improvement and redevelopment (notably the 300 Predominant residential tower), and balance-sheet restore, moderately than portfolio enlargement, because it seeks to develop NAV per unit and simplify the platform forward of its proposed mixture with RFA Capital.
Artis studies its financials in USD. All figures on this report have been transformed to USD until in any other case famous.
On November 14th, 2025, Artis REIT posted its Q3 outcomes for the interval ending September thirtieth, 2025. Income declined 10.3% 12 months over 12 months to $46.2 million, reflecting the influence of property inclinations accomplished in 2024 and 2025, whereas internet working revenue decreased 11.7% 12 months over 12 months to $23.3 million.
FFO fell 47.4% 12 months over 12 months to $13.2 million, or $0.13 per diluted unit, pushed primarily by decrease NOI, diminished curiosity and different revenue, and decrease distributions from fairness securities, partially offset by decrease curiosity expense.
Artis reported a internet lack of roughly $25.9 million, or $0.29 per unit, in contrast with a internet loss within the prior 12 months interval, largely as a result of company technique bills, decrease different revenue, and adjustments in honest worth and anticipated credit score losses on most popular investments. NAV per unit declined to $9.81 at quarter-end from $13.75 on the finish of 2024.
Development Prospects
Artis’ FFO per share has been beneath stress over the previous decade. Within the years from 2015 to 2017, FFO per unit was broadly secure, with year-to-year actions pushed primarily by acquisitions and inclinations, international trade, and leasing-related objects.
The portfolio was actively recycled throughout this era, and adjustments within the revenue base from asset gross sales and purchases, together with FX, clarify the modest fluctuations in per-unit outcomes.
The decline in 2018 displays the influence of a smaller portfolio following a heavy interval of inclinations, which diminished NOI and FFO, solely partly offset by acquisitions and accomplished developments.
The rebound in 2019 got here as outcomes stabilized after this reset and per-unit metrics benefited from normalization and capital allocation actions, whilst Artis continued to simplify and reposition the portfolio.
From 2020 via 2024, FFO per unit was affected by portfolio downsizing, an increase in curiosity expense, and adjustments in capital construction. COVID had a restricted internet influence in 2020, as decrease curiosity expense, FX, and unit buybacks offset asset gross sales and working stress.
Nevertheless, in subsequent years, continued inclinations and rising rates of interest weighed on.
FFO, partially offset by repurchases and revenue from the popular funding that it acquired as a part of Cominar’s 2022 privatization, with 2023 marking the trough earlier than a modest stabilization in 2024.
Transferring ahead, we imagine Artis can develop its FFO per share at ~2% per 12 months, supported by continued unit repurchases, stabilization of curiosity expense because the steadiness sheet is simplified, and a extra secure earnings base following the majority of its portfolio inclinations.
Dividend & Valuation Evaluation
With an annualized dividend payout of $0.44 per share, in contrast with anticipated 2025 FFO-per-share of $0.58, ARESF has an anticipated payout ratio of 76%.
Whereas this can be a excessive payout ratio, it isn’t uncommon for a REIT, which usually distribute the vast majority of FFO as dividends to shareholders.
Artis’ efficiency is anchored by a portfolio of institutional-quality industrial belongings and a capital allocation technique centered on simplification and per-unit worth creation moderately than progress.
Following a number of years of inclinations and balance-sheet work, leverage now sits on the mid-40% vary of gross e-book worth, which is materially improved however nonetheless elevated relative to best-in-class friends, which means monetary danger is decrease than in prior years however not but totally normalized.
The REIT has proven it could possibly defend per-unit outcomes via disposals and buybacks, however the remaining workplace publicity and still-meaningful leverage imply earnings stay delicate to a market downturn.
Shares are presently buying and selling for a 2025 P/FFO ratio of 10.7, which is above our honest worth estimate of 9.0. Due to this fact, shares seem overvalued proper now.
Mixed with 2% anticipated FFO-per-share progress every year and the 8% dividend yield, complete returns are estimated at 8% per 12 months over the following 5 years.
Closing Ideas
Artis is a simplifying, value-focused REIT with bettering steadiness sheet high quality and robust capital self-discipline. Nevertheless, the dearth of above-average progress prospects doesn’t go away us too eager about it.
We see annualized returns of 8% via 2030 to be powered primarily by the dividend and mushy progress expectations, offset by the potential of a modest valuation headwind.
Regardless, we charge the inventory a promote as a result of lack of dividend progress.
Extra Studying
Don’t miss the sources beneath for extra month-to-month dividend inventory investing analysis.
And see the sources beneath for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
Thanks for studying this text. Please ship any suggestions, corrections, or inquiries to [email protected].
