5 REIT Stocks that Pay Monthly Dividends

Page 1 of 5

In this article, we discuss 5 REIT stocks that pay monthly dividends. If you want to see some more REITs that generate monthly income, click 10 REIT Stocks that Pay Monthly Dividends.

5. Generation Income Properties, Inc. (NASDAQ:GIPR)

Number of Hedge Fund Holders: N/A

Dividend Yield as of April 22: 8.82%

Based in Tampa, Florida, Generation Income Properties, Inc. (NASDAQ:GIPR) is a real estate investment trust that owns and operates high quality single tenant properties, leasing to industrial and retail investment-grade customers. Generation Income Properties, Inc. (NASDAQ:GIPR)’s dividend yield on April 22 came in at 8.82%. 

Generation Income Properties, Inc. (NASDAQ:GIPR) declared on April 7 a $0.054 per share monthly dividend, in line with previous. The dividend is payable on April 30, to shareholders of the company as of April 15. 

On March 11, Generation Income Properties, Inc. (NASDAQ:GIPR) acquired leasehold interest in a single-tenant retail chain department store in Tucson, Arizona for approximately $7.3 million. The acquisition was funded with 50% cash and 50% debt. The building is rented out to Kohl’s Corporation (NYSE:KSS) and the lease generates about $824,000 of annualized gross base rent and an annual net rent of roughly $591,000 after payments are made under the ground lease.

Page 1 of 5