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SmartStop Self Storage REIT highlights monthly-income dividend approach
The article cites SmartStop Self Storage REIT’s 4.7% annualized dividend yield and notes its second-quarter results, including 1.3% same-store revenue growth and lower expenses.
ETF Trends discusses how some investors look for more frequent, monthly dividend payouts, but notes that monthly payers are harder to find than quarterly payers. The piece also describes an alternative approach: combining multiple quarterly dividend payers with staggered payment months to create monthly income.
The article highlights SmartStop Self Storage REIT (SMA), which it says has an annualized dividend yield of 4.7%. It describes SMA as owning and operating a portfolio of 460 properties across 36 US states, Washington, DC, and four Canadian provinces.
ETF Trends adds that SMA is the largest self-storage owner and operator in Toronto, and points to expected growth in the Canadian self-storage market. The outlet also cites SMA’s second-quarter performance, including 1.3% growth in same-store revenues, a 3.4% decline in expenses, and funds from operations of $29.3 million, up $4.9 million year over year.
The article further notes that SMA pays $1.60 annually, or about $0.134 monthly, and frames monthly payouts as potentially easier to budget if an investor needs dividend income to cover expenses. It contrasts this with investors who may prefer quarterly payers and reinvest dividends to compound returns.