Revealed on August twenty first, 2025 by Bob Ciura
Month-to-month dividend shares have prompt enchantment for a lot of revenue buyers. Shares that pay their dividends every month supply extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full record of over 80 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:
Healthpeak Properties (DOC) switched to a month-to-month dividend payout schedule in April 2025. This probably makes the inventory extra enticing for revenue buyers in search of extra frequent dividend payouts.
This text will analyze Healthpeak Properties in larger element.
Enterprise Overview
Healthpeak Properties is the most important healthcare REIT within the U.S., with 774 properties. It was the primary healthcare REIT that was included within the S&P 500. The 37-year previous REIT invests in life science amenities, senior homes, and medical workplaces, with 97% of its portfolio primarily based on private-pay sources. It has a market capitalization of $12 billion.
Healthpeak Properties posted declining FFO for six consecutive years, till 2022. Nevertheless, Healthpeak Properties has bought a number of belongings and has used the proceeds to cut back its debt. Because of this, the REIT has obtained credit standing upgrades from S&P and Fitch (to BBB+) in addition to Moody’s (to Baa1).
Supply: Investor Presentation
On July twenty fourth 2025, the REIT reported second-quarter monetary outcomes. Quarterly income of $694.35 million was in-line with analyst estimates, and represented a year-over-year decline of 0.2%. Adjusted funds-from-operation (FFO) was $0.46 per share, up 2.2% from the identical quarter final yr. Adjusted FFO-per-share was additionally in-line with estimates. Identical-store money internet working revenue progress was 3.5% for the second quarter.
Funding exercise for the quarter included two new growth agreements with a mixed projected value of $148 million to assist Northside Hospital’s continued outpatient growth within the Atlanta market. Healthpeak Properties additionally bought one outpatient medical land parcel in June 2025 and two outpatient medical buildings in July 2025 for mixed proceeds of roughly $35 million.
For 2025, Healthpeak Properties confirmed its forecast for adjusted diluted FFO-per-share to be in a spread of $1.81 to $1.87. As well as, same-store money (Adjusted) NOI progress is predicted to be 3.0% to 4.0% for the complete yr.
Development Prospects
Healthpeak Properties advantages from favorable secular tendencies. Because the child boomer era ages and the typical life expectancy is on the rise, the senior inhabitants of the U.S. is predicted to develop considerably within the upcoming years. The 80+ age group is predicted to develop by about 5% per yr on common till 2030.
As well as, this age group has immense spending energy. Thanks to those tendencies, healthcare spending within the U.S. is predicted to develop by about 5% per yr on common till 2030.
Though Healthpeak Properties posted declining FFO for six consecutive years, till 2022, and the restructuring course of will maintain burdening the REIT within the close to future, many of the injury has already been finished. We additionally count on the belief to enter a sustainable progress trajectory.
However, as a result of hefty issuance of recent shares for the above merger and excessive curiosity expense amid excessive rates of interest, we count on 3% annual progress of FFO per share over the following 5 years.
Dividend & Valuation Evaluation
The efficiency of Healthpeak Properties has been poor within the final 9 years and the REIT lower its dividend by -19% in 2021, as a result of impacts of the coronavirus pandemic. As this was the second dividend lower within the final decade, it’s evident that the REIT is weak to downturns.
As well as, curiosity expense has elevated 85% since 2021 resulting from excessive rates of interest and the merger.
Alternatively, we be aware that the payout ratio is standing at an almost 10-year low whereas the REIT doesn’t have any debt maturities this yr.
Supply: Investor Presentation
DOC has a 2025 anticipated dividend payout ratio of 66%, primarily based on the midpoint of the REIT’s adjusted FFO-per-share steerage for 2025. This means a sustainable dividend payout backed by adequate FFO.
We additionally view the REIT as undervalued. Primarily based on anticipated adjusted FFO-per-share of $1.84 for 2025, shares of DOC at present commerce for a price-to-FFO ratio of 9.3. That is considerably under the 10-year common P/FFO ratio of 15.1, which we view as truthful worth.
If the valuation a number of had been to develop to fifteen.1, it will enhance annual shareholder returns by 10.2% per yr over the following 5 years. This means the inventory is considerably undervalued.
Including in 3% anticipated FFO-per-share progress per yr, in addition to the 7.1% present dividend yield, complete returns may exceed 20% per yr for DOC.
Closing Ideas
Healthpeak Properties is a comparatively new month-to-month dividend inventory, having began paying its dividend on a month-to-month foundation in April 2025.
The REIT has recovered from the assorted challenges confronted in the course of the pandemic, and will supply excessive common annual returns over the following 5 years, because of progress of FFO per share, its 7.1% dividend yield, and a major growth of the valuation a number of. Usually, we’d fee such a excessive stage of anticipated returns as a purchase.
However, as a result of risky efficiency file and the excessive debt load of the REIT, we fee it as a maintain for affected person, risk-tolerant buyers who can endure prolonged intervals of inventory worth strain.
Further Studying
Don’t miss the sources under for extra month-to-month dividend inventory investing analysis.
And see the sources under for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
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