It has hundreds of multi-tenanted warehousing, distribution, and logistics properties across Canada, Europe, and a joint venture partnership in the United States. It has a good +10-year history of consistently growing its dividendĭream Industrial REIT has a market cap of $2.95 billion. Granite pays a $0.2583 distribution monthly that translates to a 4.2% dividend yield today. It has large manufacturing and logistics properties across North America and Europe. Granite is larger with a market cap of $4.8 billion. That has supported very high tenant occupancy (+97%) and strong rental rate growth for these two REITs. Factors like on-shoring manufacturing, e-commerce, and just-in-case inventory mean businesses need more warehouse and manufacturing space. Industrial real estate has been a top asset class. Dream Industrial REIT ( TSX:DIR.UN) and Granite REIT ( TSX:GRT.UN) are two of my top real estate picks. Real estate investment trusts (REITs) collect contracted lease income every month, so they can distribute income on a monthly basis to shareholders. Real estate is a great place to collect monthly passive income. Own industrial real estate for monthly passive income Here are five stocks for reliable monthly income, saving you the search. If you want to earn monthly passive income, there are a select few dividend stocks that pay dividends monthly.
Written by Robin Brown at The Motley Fool Canada
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