5 US REITs announce dividend increases in April

This Data Dispatch is updated monthly. The analysis includes publicly traded real estate investment trusts covered by S&P Global Market Intelligence that are based in the US or Canada and trade on the NYSE, Nasdaq, NYSE American, Toronto Stock Exchange or TSX Venture Exchange.

Five publicly traded real estate investment trusts in the US announced increases to their regular dividend payments in April, according to S&P Global Market Intelligence data.

Tanger Inc. declared the largest percentage increase in quarterly dividend. On April 9, the outlet center REIT disclosed a 6.4% boost to its quarterly payout to 29.25 cents per share.

Manufactured home REIT UMH Properties Inc. on April 1 announced a 4.7% increase to its quarterly dividend, raising the payout to 22.5 cents per share. On April 4, diversified REIT Medalist Diversified REIT Inc. disclosed a 3.8% increase to its quarterly dividend to 6.75 cents per share.

The other REITs that announced dividend increases in April were Community Healthcare Trust Inc. and Agree Realty Corp. Healthcare REIT Community Healthcare Trust increased its quarterly payout by 0.5% to 47 cents per share, while single-tenant retail REIT Agree Realty increased its monthly dividend by 1.2% to 25.6 cents per share.

– For further dividend analysis, try S&P Global Market Intelligence's REIT Dividends template. – Set email alerts for future Data Dispatch articles. – Read some of the day's top real estate news and insights from S&P Global Market Intelligence.

Dividend increases by sector

The announcements in April brought the total number of publicly traded US REITs that have declared increases to their regular dividends during the first four months of 2025 to 40 companies, representing more than a quarter of the sector.

These entities include nine companies, or 47.4%, of the residential REIT industry as well as seven companies, or 38.9%, of the specialty REIT industry. Among industrial REITs, five companies, or 38.5%, of the industry, unveiled dividend hikes during the four-month period.

In Canada, four REITs, representing 9.1% of the sector, declared increases to their regular dividends between January and April. Two of these REITs came from the retail sector and two were from the residential sector.