Revealed on February twenty sixth, 2026 by Bob Ciura
Month-to-month dividend shares have prompt 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 listing 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 under:
Professional Actual Property Funding Belief (PRVFF) is a month-to-month dividend inventory with a excessive yield. This probably makes the inventory extra engaging for earnings buyers in search of extra frequent dividend payouts.
This text will analyze Professional Actual Property Funding Belief in better element.
Enterprise Overview
PRO Actual Property Funding Belief is a Canadian industrial-focused actual property funding belief that owns, operates, and develops gentle industrial properties throughout main and secondary markets in Canada, with a robust focus in Japanese and Central Canada.
As of September thirtieth, 2025, PROREIT owned 106 properties (66 wholly owned and 40 held by 50% co-ownerships), representing roughly 6.4 million sq. ft of gross leasable space, with industrial property accounting for over 90% of GLA following the sale of non-core retail properties.
The REIT stories its financials in CAD. All figures on this report have been transformed to USD until in any other case famous. The REIT recorded $69 million in revenues final 12 months.
On November eleventh, 2025, PRO Actual Property Funding Belief reported its Q3 outcomes, with property income of $19.5 million, web working earnings of $12.3 million, and same-property NOI of $9.7 million, reflecting contractual hire escalations and better renewal and new-lease rental charges regardless of a smaller portfolio following asset tendencies.
Portfolio fundamentals remained stable, with occupancy of 95.5% and a weighted common lease time period of 4.4 years. Improved working efficiency was offset by increased curiosity expense and elevated stabilized leasing prices, leading to AFFO of about $6.0 million, or AFFO per share of $0.089.
For FY2025, we anticipate AFFO per share of $0.35.
Progress Prospects
PRO Actual Property Funding Belief hasn’t managed to develop its AFFO per share meaningfully over the previous decade.
PROREIT’s AFFO per share trended decrease primarily on account of fairness issuance and timing-related dilution, as capital raised for acquisitions was briefly held in money or used to repay debt earlier than being absolutely redeployed into income-producing properties.
Administration persistently famous that AFFO softness throughout this era mirrored money drag and better recurring deductions and never weakening property efficiency.
Between 2019 and 2021, absolute NOI and AFFO continued to develop, however per-unit outcomes remained constrained by rising upkeep capital expenditures, stabilized leasing prices, and straight-line hire changes, all of that are deducted in AFFO and elevated because the portfolio expanded and leasing exercise accelerated.
From 2022 by 2024, AFFO per share declined additional on account of increased curiosity expense in a rising-rate setting together with ongoing capital recycling and leasing capital necessities.
Whereas the shift towards a higher-quality, pure-play industrial portfolio improved long-term asset high quality and NOI progress, these advantages had been largely offset on the per-share degree by financing prices and capital depth, leading to continued strain on AFFO per share.
Shifting ahead, we forecast no progress in AFFO per share on account of increased curiosity expense and ongoing upkeep and leasing capital wants offsetting incremental industrial hire progress.
Dividend & Valuation Evaluation
PRO Actual Property Funding Belief has traded solely briefly over-the-counter in USD. The inventory presently trades for a P/FFO ratio of 11.9.
We now have set our honest a number of at nearly 11x AFFO, a degree we consider is honest for a REIT with unexciting progress prospects.
A declining P/FFO a number of might scale back annual returns by 1.6% per 12 months. Together with no anticipated FFO progress and the 7.9% dividend yield, whole returns are anticipated at 5.7% per 12 months over the subsequent 5 years.
Ultimate Ideas
PROREIT has efficiently repositioned its portfolio towards higher-quality industrial property, however leverage of roughly 8.4× adjusted debt to annualized adjusted EBITDA, mixed with sustained strain on AFFO per share, limits monetary flexibility and constrains near-term risk-adjusted returns.
We forecast annualized returns of 5.7% to be powered by the dividend, offset by a possible a number of compression. PRO Actual Property earns a promote score on account of missing dividend progress.
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 progress shares and/or high-yield funding securities.
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