1
Provider reportedIncome reliability
High yield deserves extra verification
ERE-UN.TO shows a provider yield of 10.22%. That can be useful for income planning, but high yield should be checked against payout history and structure.
Market dataIncome framework read
REITTSXCanada
ERE-UN.TO
European Residential REIT
Real EstateREIT distributionMonthly
Market Snapshot
$1.19
+N/A (N/A)
Toronto
Yield
10.22%
Rate $0.12
Next Payment
Payment date passed
Ex-date 2025-09-26
52wk Position
12.65%
-54.92% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $1.00
- APR
- 0.840
- Coverage
- 0.840
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $1.00
- Cushion
- -$0.19
- Cushion %
- -15.97%
Current $1.19Break $1.00
Smart Recommendation
ERE-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Research in progress
DRIP availability
Available
Tax character
Mixed
Distribution history
Monthly distributions, established payout history
Structure Overview
This is a real estate investment trust that owns or finances income-producing real estate and distributes a portion of net income to unitholders. REIT distributions commonly include a mixture of other income, return of capital, and capital gains—each taxed differently in a non-registered account. Holding REITs inside a registered account (RRSP, RRIF, or TFSA) shelters the mixed distribution components from annual tax.
Canadian Planning Notes
- 1REIT distributions held in a non-registered account require tracking the return-of-capital component, which reduces your adjusted cost base and affects future capital gains calculations.
- 2Holding a REIT inside an RRSP or RRIF is generally the most tax-efficient placement for Canadians, as all distribution components are sheltered.
- 3Verify the payout ratio, occupancy rates, and lease expiry schedule with the REIT's most recent management discussion and analysis before planning around the current distribution.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
TFSA
REIT distributions can mix income, capital gains, eligible dividends, and return of capital. Sheltering the holding avoids annual T3 complexity.
RRSP: Also shelters distribution complexity when TFSA room is limited.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
Carry this holding into a calculator
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.