A small but disciplined real estate company just gave income investors another reason to pay attention, carrying a forward dividend yield of 9.80% that ranks in the top 20% of every dividend stock we track. That yield comes wrapped in a monthly payout, a structure most REITs skip in favor of quarterly checks. For anyone building a steady stream of monthly income, a yield this high from a landlord running near-full occupancy is worth a closer look.
This company sits in the net lease corner of commercial real estate, owning industrial and office buildings that it rents to single corporate tenants under long-term leases. Under that setup, tenants cover their own taxes, insurance and maintenance, which keeps monthly cash flow more predictable than most landlords enjoy. Management has spent recent years shifting the portfolio away from office space and toward industrial buildings, funding new purchases with proceeds from property sales instead of fresh debt. That shift is still underway, and a handful of office lease expirations over the next two years are worth watching, but occupancy across the portfolio sits above 98%, with every dollar of rent actually collected last quarter.
The decision to increase this position reflects the strength of that yield relative to the sector average, even with safety metrics that are more mixed than dazzling. Inside the Best Monthly Dividend Stocks Portfolio, current income carries the heaviest weight of any factor, and this yield alone justifies a larger allocation. The added weighting signals confidence that the ongoing pivot toward industrial real estate will keep supporting the monthly check over time.
