4 US, Canadian REITs hike dividend payments in May

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.

Two publicly listed real estate investment trusts in the US declared increases to their regular dividends in May, according to S&P Global Market Intelligence data.

Casino-focused Gaming & Leisure Properties Inc. raised its second-quarter cash payout by 2.6% to 78 US cents per share, payable to shareholders June 27.

Multifamily REIT Independence Realty Trust Inc. increased its quarterly dividend by 6.3% to 17 cents per share. The second-quarter dividend is payable July 18.

Canada-based REIT dividend hikes in May

Two Canadian REITs also declared dividends in May.

Single-tenant REIT Canadian Net REIT's monthly cash distribution climbed 1.5% to 2.917 Canadian cents per share. The distributions will be paid July 31, Aug. 29 and Sept. 29.

CT Real Estate Investment Trust raised its monthly distribution by 2.5% to 7.90 Canadian cents per share. The increase will be effective with the July 15 payment.

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Dividend increases by sector

The dividend hikes in May brought the number of publicly traded US REITs that have declared increases to their regular dividends in the first five months of 2025 to 41 companies, representing 26.1% of the REIT industry.

These companies include eight specialty REITs, representing 44.4% of the specialty sector, and nine residential REITs, representing 42.9% of the residential sector.

Of all the Canadian REITs, six, or 13.6%, have increased their regular dividend payments year to date.