Undervalued Dividend Stocks: 3 Monthly Payers

by Mark Thompson

Investors seeking a steady income stream should consider monthly dividend stocks, as EPR Properties (EPR) currently yields 6.4%, offering more frequent payouts than traditional quarterly or annual dividends.

Monthly Dividend Stocks: A Consistent Income Strategy

Looking for a reliable way to generate income from your investments? Monthly dividend stocks could be the answer.

  • Monthly dividend stocks distribute payments once a month, providing a consistent cash flow.
  • Income investors can identify undervalued monthly dividend stocks with high total return potential.
  • EPR Properties, Canadian Apartment Properties REIT, and Healthpeak Properties are examples of companies offering monthly dividends.

While most companies pay dividends on a quarterly, semi-annual, or annual basis, monthly dividend stocks offer a more consistent income stream. Savvy investors can also screen for those that appear undervalued, potentially maximizing returns.

EPR Properties: Entertainment, Recreation, and Education

EPR Properties is a specialty real estate investment trust (REIT) focused on properties within the Entertainment, Recreation, and Education sectors. The REIT structures its investments as triple net leases, meaning tenants cover operating costs, not EPR.

The company’s portfolio includes approximately $7 billion in investments across over 300 locations in 44 states, serving more than 250 tenants. Total revenue is projected to exceed $700 million this year.

EPR reported third quarter earnings on October 29th, 2025, with adjusted funds from operations (FFO) per share reaching $1.37, exceeding estimates by three cents. FFO increased from $1.26 in Q2 and $1.29 in the year-ago period. Revenue rose 1% year-over-year to $182 million, aligning with expectations.

Property operating expenses decreased to $14.5 million, down from $14.7 million in Q2 and $14.6 million a year prior. Adjusted EBITDAre reached $147 million, up from $138 million in Q2 and $143 million a year ago. Investment spending totaled $54.5 million, with realized disposition proceeds at $19.3 million. The trust committed $100 million to experiential development and redevelopment projects over the next 15 months.

EPR’s competitive advantage lies in its specialized property portfolio, built through years of experience identifying profitable opportunities. While not immune to economic downturns, the REIT remained profitable during the financial crisis and continued to pay its dividend.

Canadian Apartment Properties REIT: A Residential Leader

Canadian Apartment Properties Real Estate Investment Trust is Canada’s largest publicly traded residential REIT. As of September 30th, 2025, CDPYF owned approximately 45,000 residential apartment suites and townhomes, primarily in Ontario, British Columbia, and Quebec.

The company’s Canadian portfolio boasts a high occupancy rate of 97.8% as of the end of Q3 2025. Its remaining suites are located in the Netherlands, with an occupancy rate of 90.8% at the close of Q3 2025.

In the first half of 2025, CDPYF strategically sold 1.2 billion CAD worth of properties in Canada and the Netherlands at or above previously reported IFRS fair values. The proceeds are being used to acquire recently constructed rental properties at prices below replacement cost and for unit repurchases.

CDPYF released its third quarter earnings report on November 6th. Operating revenue in native currency declined 10.7% year-over-year to 252.3 million CAD. Diluted FFO per unit edged 0.6% higher to 0.663 CAD. Adjusting for currency translation, diluted FFO per unit decreased 1.9% year-over-year to $0.47.

Since 2015, CDPYF has achieved approximately 4% annual FFO per unit growth. Analysts anticipate similar growth (3.5%) through 2030, based on a 2025 base of $1.80, driven by a more than threefold increase in recently constructed rental properties in its portfolio over the last five years (5% versus 18%).

The company plans to continue acquiring recently constructed rental buildings at attractive valuations. CDPYF’s scale provides advantages in property management rates and financing costs, resulting in lower per-unit operating expenses.

Healthpeak Properties: Healthcare Real Estate

Healthpeak Properties is the largest healthcare REIT in the U.S., managing 774 properties and was the first healthcare REIT included in the S&P 500. The REIT invests in life science facilities, senior housing, and medical offices, with 97% of its portfolio supported by private-pay sources.

Healthpeak Properties reported third quarter fiscal 2025 results on October 23rd, 2025. Same-property net operating income grew 9.4% year-over-year, fueled by strong performance in continuing care retirement communities. FFO per share rose 2%, from $0.45 to $0.46. Management anticipates annual FFO per share of $1.81-$1.87.

Healthpeak Properties experienced declining FFO for six consecutive years until 2022, facing challenges in 2015 due to Medicare claims fraud allegations against a major tenant, resulting in a $1.3 billion asset impairment charge and a restructuring. However, asset sales and debt reduction have led to credit rating upgrades from S&P and Fitch (to BBB+) and Moody’s (to Baa1).

The payout ratio is at a nearly 10-year low, and the REIT has no debt maturities in 2025. Healthpeak is recovering from the pandemic and is poised for sustainable growth, boosted by its acquisition of Physicians Realty Trust (DOC) in March 2024, an all-stock merger valued at approximately $21 billion. DOC currently yields 7.0%.

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