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Are you looking for a way to supplement your monthly income without getting a side gig or working overtime? If so, real estate investment trusts (REITs) offer a compelling opportunity. REITs own, operate, or finance income-generating real estate, allowing individuals to invest in various real estate types without having direct ownership or management responsibilities.

REITs are legally required to distribute a large percentage of their taxable income to shareholders as dividends, often resulting in high yields.

If you're an income-seeking investor, here are three high-yielding REITs that pay monthly dividends that you could buy today.

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Agree Realty Corporation

Agree Realty Corporation (NYSE:ADC) owns and manages retail properties, such as community shopping centers, warehouse clubs, and convenience stores. As of June 30, its portfolio comprised 2,202 properties across 49 states, containing approximately 46 million square feet.

Agree Realty pays a monthly dividend of $0.25 per share, which equates to an annualized dividend of $3.00 per share and gives its stock a 4.1% yield at the time of this writing.

In addition to offering income investors a high yield, Agree Realty has a reputation for growing its dividend. It has raised its annual dividend payment each of the last 11 years, and its recent hikes, including a 1.2% hike in April, have it on track for 2024 to mark the 12th consecutive year with an increase.

EPR Properties

EPR Properties (NYSE:EPR) owns and manages experiential real estate, such as movie theaters, water and amusement parks, fitness centers, ski parks and resorts, and golf ranges. As of June 30, its portfolio comprised 354 properties across 44 U.S. states and Canada.

EPR pays a monthly dividend of $0.285 per share, equating to an annualized dividend of $3.42 per share and giving its stock a 7.2% yield at the time of this writing.

Like Agree Realty, EPR has been growing its dividend in recent years. It has raised its annual dividend payment each of the last two years, and its 3.6% hike in February has it on track for 2024 to mark the third consecutive year with an increase.

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