Market dataIncome framework read
REITNYSEUnited States

VNQ

Vanguard Real Estate ETF

Real EstateREIT distributionQuarterly

Market Snapshot

US$97.01

+US$0.01 (0.56%)

NYSEArca

Yield

N/A

Rate US$3.33

Next Payment

Next pay N/A

Ex-date N/A

52wk Position

82.62%

-2.16% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

VNQ has an income profile aligned with its reit role. Provider data shows 5 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

VNQ does not cover one full share per payment at the default 100-share test. Coverage is 0.88.

3

Main watch item

Editorial framework

Tax character and account placement matter

VNQ is a REIT-style holding. The headline distribution can mix income, capital gains, and return of capital, so taxable-account reporting and account placement deserve attention.

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

Failed
Cash
US$85.50
APR
0.881
Coverage
0.881

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
US$85.50
Cushion
-US$11.51
Cushion %
-11.86%
Current US$97.01Break US$85.50

Smart Recommendation

VNQ is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Research in progress

DRIP availability

Plan-only

Tax character

Mixed

Distribution history

Quarterly 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.

Market Data

Market data

Updated facts where available

Price

US$97.01

Previous close

US$97.00

Day range

US$96.53 - US$97.56

52wk range

US$86.84 - US$99.15

Market cap

N/A

Volume

4.8M

Avg volume

3.2M

Exchange

NYSEArca

Dividend and distribution

Forward rate

N/A

Trailing rate

US$3.33

Forward yield

N/A

Trailing yield

3.44%

Per payment

US$0.86

Cadence

Quarterly

Next ex-date

N/A

Next pay

N/A

Last dividend

US$0.86

Last dividend date

Jun 24, 2026

Performance

Daily change

US$0.01

Daily change %

0.56%

52wk position

82.62%

Below 52wk high

-2.16%

Above 52wk low

11.71%

Open

US$97.26

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

31

Forward P/E

N/A

Price/sales

N/A

Price/book

1.67

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

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

Plan-only

RBC Direct Investing

Available

TD Direct Investing

Available

U.S.-listed holdings can have withholding tax differences by account type. RRSP treatment is often more favorable than TFSA treatment.

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.