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Derived from payout historyIncome reliability
Monthly income profile is visible
SRU-UN.TO has an income profile aligned with its reit role. Provider data shows 12 recent payout records.
Market dataIncome framework read
REITTSXCanada
SRU-UN.TO
SmartCentres REIT
Real EstateREIT distributionMonthly
Market Snapshot
$29.98
-$0.06 (-19.97%)
Toronto
Yield
6.17%
Rate $1.85
Next Payment
Next pay in 22 days
Ex-date 2026-06-30
52wk Position
91.53%
-1.51% 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
- $15.42
- APR
- 0.514
- Coverage
- 0.514
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $15.42
- Cushion
- -$14.56
- Cushion %
- -48.58%
Current $29.98Break $15.42
Smart Recommendation
SRU-UN.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate
1mo agoDRIP availability
Available
1mo agoTax character
Distribution / ROC
1mo agoDistribution history
Multi-decade
1mo agoStructure complexity
Moderate
1mo agoIncome trend
Stable
1mo agoAccount suitability
RRSP / RRIF optimal
1mo agoStructure Overview
SmartCentres REIT (SRU.UN) owns a large portfolio of Walmart-anchored retail properties across Canada and is expanding into mixed-use development. Walmart's anchor presence has historically provided exceptional foot traffic and tenant stability. SmartCentres' development pipeline introduces execution risk that pure-retail REITs do not carry.
Canadian Planning Notes
- 1SRU.UN's Walmart anchor relationship is structurally similar to CHP.UN's Loblaw relationship; verify the proportion of Walmart-tenanted GLA and Walmart's strategic retail commitment in Canada.
- 2Distributions include ROC; RRSP or RRIF placement is tax-optimal.
- 3DRIP is available; the mixed-use development pipeline (SmartLiving residential projects) introduces capital deployment risk not present in the base retail portfolio.
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
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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.