One REIT to recently go that route was Cominar Real Estate Investment Trust (TSX:CUF.UN). In August, the Quebec-based company announced that its monthly distributions for the month of August and payable on September 15 would be $0.03 per unit. Previously, Cominar was paying $0.06 every month to each unitholder. That's a drastic 50% decrease. With the share price around $7, that means investors today will be earning an annual yield of 5.1%. Prior to the reduction in the dividend payments, the yield would've been over 10%.