Revealed on January twelfth, 2026 by Bob Ciura
Month-to-month dividend shares have instantaneous attraction for a lot of earnings buyers. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full checklist of over 100 month-to-month dividend shares.
You possibly can 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:
Automotive Properties REIT (APPTF) is a month-to-month dividend inventory based mostly in Canada. This probably makes the inventory extra engaging for earnings buyers on the lookout for extra frequent dividend payouts.
This text will analyze Automotive Properties REIT in larger element.
Enterprise Overview
Automotive Properties REIT is a specialised Canadian net-lease REIT targeted completely on automotive dealership and service-center actual property.
Its portfolio spans roughly 90 properties throughout main Canadian metros, leased totally on long-term triple-net contracts to main seller teams.
The REIT’s anchor tenant is Dilawri Group, Canada’s largest automotive retailer, which contributes over half of the REIT’s annual base hire (53.5%) and holds an approximate 31% possession stake within the REIT.
Alongside Dilawri, different main tenants embrace AutoCanada and Go Auto. The portfolio is 100% occupied. Additionally, the REIT pays dividends on a month-to-month foundation. Final yr it recorded $65.3 million in revenues.
The corporate reviews its financials in CAD. All figures on this report have been transformed to USD until in any other case famous.
On November thirteenth, 2025, Automotive Properties REIT reported its Q3 outcomes for the interval ended September thirtieth, 2025.
Property income was about $18.0, up 8% yr over yr, pushed by current acquisitions and contractual hire will increase, partly offset by misplaced hire from the sale of the Kennedy Lands.
Money NOI was about $14.9 million, additionally up solidly versus final yr, because the REIT continued to profit from a totally leased portfolio of 91 income-producing properties and the late quarter acquisitions of seven automotive properties.
Acquisitions embrace a Rivian-tenanted website in Orlando and a six-asset portfolio in Île-Perrot, Québec. FFO was about $9.2 million, or $0.19 per unit, up 8% year-over-year. For the yr, we anticipate FFO/unit of $0.72.
Development Prospects
Automotive Properties REIT’s FFO per unit has remained remarkably steady over the previous decade as a result of the REIT’s long-term, triple-net leases produce predictable rental earnings with minimal working value publicity.
Nonetheless, after its IPO, in 2015, FFO/unit has didn’t develop. Whereas incremental acquisitions continued to elevate complete FFO throughout this era, these features had been offset by fairness issuance-driven dilution.
Automotive Properties REIT advantages from a extremely steady cash-flow profile backed by long-term, triple-net leases, sturdy tenant covenants, and essential-service automotive dealerships that stay resilient throughout financial cycles.
The REIT’s high quality is anchored by its relationship with Dilawri Group, Canada’s largest seller community, which includes a big share of rental earnings and strategic alignment as a serious unitholder.
That is the one publicly traded consolidator of automotive retail actual property in Canada, giving it scale, relationships with tenants, and underwriting experience which might be tough for brand spanking new entrants to duplicate.
This area of interest focus, together with excessive occupancy and sturdy land worth, supplies significant recession resilience and dependable money distributions.
Transferring ahead we anticipate no development in FFO-per-unit. The acquisition technique continues to rely closely on fairness issuance, inflicting ongoing dilution that offsets incremental rental earnings.
In the meantime, greater curiosity prices and modest hire escalations provide restricted capacity to increase per-unit profitability in a mature, absolutely leased portfolio.
Additionally, we imagine that the truth that the REIT’s largest tenant can be a serious shareholder, there may very well be some battle of curiosity concerning rental fee hikes.
Dividend & Valuation Evaluation
The corporate has paid a month-to-month dividend that remained steady at C$0.067 monthly from the IPO in 2015 to July of 2025.
The REIT hiked its dividend for the primary time this previous August, which now stands at C$0.0685 monthly. We imagine the dividend can develop at a CAGR of two% over the medium time period, particularly if charges decline, however stay skeptical total.
Automotive Properties has been public since 2015 however has traded within the OTC market solely since 2023. The inventory’s price-to-FFO a number of has hovered within the low teenagers since.
Immediately, the REIT trades at 11.5x our anticipated FFO-per-unit for the yr. Nonetheless, because of the lack of projected development we imagine {that a} decrease P/FFO of 10 can be extra acceptable.
A declining P/FFO a number of might scale back annual returns by 2.8% per yr. Together with the 7.1% dividend yield and 0% annual anticipated FFO-per-share development, complete returns are anticipated at 4.3% per yr.
Remaining Ideas
Automotive Properties enjoys extremely steady money flows and pays month-to-month dividends, supported by important service dealership tenants.
Nevertheless, restricted per-unit development leaves the inventory extra of a gentle earnings automobile than a compounder.
We forecast annualized returns of 4.3% over the medium-term. We fee the inventory a maintain.
Extra Studying
Don’t miss the assets beneath for extra month-to-month dividend inventory investing analysis.
And see the assets beneath for extra compelling funding concepts for dividend development shares and/or high-yield funding securities.
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