Monthly Dividend Stock In Focus: Crombie Real Estate Investment Trust

Printed on January twenty second, 2026 by Bob Ciura

Month-to-month dividend shares have on the spot attraction for a lot of earnings traders. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.

For that reason, we created a full listing of over 100 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:

Crombie Actual Property Funding Belief (CROMF) is a month-to-month dividend inventory with a excessive yield. This doubtlessly makes the inventory extra engaging for earnings traders searching for extra frequent dividend payouts.

This text will analyze Crombie in higher element.

Enterprise Overview

Crombie Actual Property Funding Belief is a publicly traded Canadian REIT that owns, manages, and develops a diversified portfolio of economic actual property belongings throughout Canada, with a heavy deal with grocery-anchored retail, retail-related industrial, and mixed-use residential properties.

On the finish of September, Crombie’s portfolio included 297 funding properties with a gross leaseable space of about 18.2 million sq. toes (about 306 properties whole when together with joint ventures and residential belongings) and really excessive occupancy charges (about 97.5% dedicated and 97.2% financial).

The REIT recorded $330 million in revenues final 12 months. All figures on this report have been transformed in USD except in any other case famous.

On November fifth, 2025, Crombie reported its Q3 outcomes, with property income of $89.1 million, up 4.9% 12 months over 12 months, pushed by renewals, new leasing, and the acquisition of the remaining 50% curiosity within the Davie Road residential property.

Internet property earnings elevated 6.0% to $59.0 million, whereas similar asset property money NOI grew 4.6%, reflecting contractual lease step-ups and powerful renewal exercise.

Portfolio fundamentals strengthened, with dedicated occupancy bettering to 97.5% (up 140 bps YoY) and renewal lease spreads of 10.6%, underscoring the defensive, necessity-based nature of the portfolio.

Larger financing prices partially offset working positive factors, however AFFO per share elevated 11.1% 12 months over 12 months to about $0.22, reflecting stable top-line development and working leverage.

Development Prospects

Crombie’s AFFO per share has been kind of secure over the previous decade. The rise in AFFO per share from 2015 by way of 2017 was pushed by secure grocery-anchored retail fundamentals, excessive occupancy, and incremental NOI development from renewals and re-leasing exercise.

The decline in 2020 was primarily pushed by COVID-19 impacts, together with non permanent lease deferrals, abatements, and elevated uncertainty throughout retail tenants, even inside Crombie’s necessity-based portfolio.

AFFO per share rebounded in 2021 as lease collections normalized, deferred rents have been largely recovered, and leasing exercise strengthened.

The corporate’s deal with grocery-anchored properties and powerful tenant credit score high quality supported money movement stability, whereas working efficiencies helped offset rising prices.

AFFO per share remained comparatively secure by way of 2022 and 2023, supported by same-asset NOI development, optimistic renewal spreads, and contributions from accomplished developments and acquisitions.

These positive factors have been largely offset by rising rates of interest, increased upkeep reserves, and elevated common working prices, leading to restricted internet development on the per-share degree.

Shifting ahead, we anticipate AFFO per share development of 1% to be powered by same-asset NOI development, robust occupancy, optimistic renewal lease spreads, and contributions from accomplished developments, offset by increased curiosity expense, ongoing upkeep capital necessities, and a still-restrictive financing setting.

Dividend & Valuation Evaluation

We forecast the identical development for the dividend, which the corporate raised for the primary time this previous summer season. Previous to this elevated, the corporate’s month-to-month dividend stood at a price of C$0.0742 since 2008.

The corporate has by no means reduce its dividend for the reason that first payout in 2006.

Crombie REIT advantages from a high-quality, necessity-based retail portfolio, anchored by grocery and pharmacy tenants, which helps secure occupancy, lengthy lease phrases, and predictable money movement.

The REIT’s robust tenant relationships and community-based areas present a sturdy aggressive benefit and significant resilience in financial downturns.

Nevertheless, whereas leverage is extra average than many friends, rates of interest stay elevated and ongoing upkeep and improvement capital wants pose dangers to near-term money movement development.

Regardless, we consider the month-to-month dividend is secure at this time, with the payout ratio at a wholesome 81% this 12 months’s anticipated AFFO.

Crombie has traditionally traded at a P/AFFO within the mid-teens. Right now, the inventory trades at 14.3x this 12 months’s anticipated AFFO.

We consider this a number of kind of pretty values. It displays each the soundness of profitability and the dearth of serious development prospects.

Closing Ideas

Crombie REIT gives a defensive, high-quality platform anchored by necessity-based retail and secure money flows, with modest development potential constrained by curiosity prices and capital necessities however supported by robust working fundamentals.

It may be a stable car for these searching for secure month-to-month and a considerably sizeable dividend yield. We forecast annualized returns of 5.7% by way of 2030 to be powered primarily by the dividend yield, the comfortable development forecast, and a slight valuation tailwind.

CROMF shares earn a maintain score.