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Real estate investment trusts (REITs) offer a compelling opportunity for income-seeking investors. REITs own, operate, or finance income-generating real estate, allowing individuals to invest in various types of real estate without having direct ownership or management responsibilities. REITs are required to distribute a large percentage of their taxable income to shareholders in the form of dividends, which often results in hefty yields.

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

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LTC Properties

LTC Properties (NYSE:LTC) is a REIT that invests primarily in senior housing and healthcare properties in the United States. As of June 30, its portfolio consists of 194 properties, including 115 assisted living facilities and 78 skilled nursing centers across 26 states.

LTC currently pays a monthly dividend of $0.19 per share, equating to an annualized dividend of $2.28 per share. At the time of this writing, this gives its stock a yield of about 6.4%.

In addition to being a high yielder, LTC is a reliable source of income. It has maintained its current monthly dividend rate since October 2016 and its consistent cash flow and conservative payout ratio should allow it to continue to do so going forward.

Agree Realty Corporation

Agree Realty Corporation (NYSE:ADC) is a leading owner and manager of retail properties in the United States. As of June 30, its portfolio consists of 2,202 properties containing approximately 45.8 million square feet in 49 states. Its largest tenants include Walmart, Tractor Supply, Dollar General, Best Buy, and CVS.

Agree Realty currently pays a monthly dividend of $0.25 per share, equating to an annualized dividend of $3 per share. At the time of this writing, this gives its stock a yield of about 4.2%.

In addition to offering a high yield, Agree Realty offers dividend growth. It has raised its annual dividend payment for 11 consecutive years, including a compound annualized growth rate of 5.7% over the past 10 years. Recent hikes, including its 2.9% increase in April, have it on track for 2024 to mark the 12th consecutive year with an increase.