Market dataIncome framework read
ETFs and Income FundsTSXCanada

ZRE.TO

BMO Equal Weight REITs Index ETF

Real EstateETF basketMonthly

Market Snapshot

$23.66

-$0.03 (-12.66%)

Toronto

Yield

N/A

Rate $1.05

Next Payment

—

Ex-date N/A

52wk Position

59.76%

-5.59% below high

Updated —

Income Intelligence Summary

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

Framework readout
1

Income reliability

Derived from payout history

Monthly income profile is visible

ZRE.TO has an income profile aligned with its etfs and income funds role. Provider data shows 12 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

ZRE.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.38.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

ZRE.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

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
$8.90
APR
0.376
Coverage
0.376

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$8.90
Cushion
-$14.76
Cushion %
-62.38%
Current $23.66Break $8.90

Smart Recommendation

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

Research Signals

Payout sustainability

Strong

3mo ago

DRIP availability

Available

3mo ago

Tax character

Distribution / ROC

3mo ago

Distribution history

5–10 yr track

3mo ago

Structure complexity

Simple

3mo ago

Income trend

Stable

3mo ago

Account suitability

RRSP / RRIF optimal

3mo ago

Structure Overview

BMO Equal Weight REITs Index ETF (ZRE) holds an equally-weighted portfolio of Canadian REITs, providing diversified exposure to commercial, residential, industrial, and retail real estate investment trusts. Monthly distributions pass through REIT distributions, which typically include a return-of-capital component. Equal-weighting means smaller REITs have the same allocation as larger ones.

Canadian Planning Notes

  • 1ZRE distributions carry REIT tax character including potential ROC; RRSP or RRIF placement is generally most tax-efficient for Canadian investors.
  • 2The equal-weight methodology differs from market-cap-weighted REIT ETFs like VRE; verify how the equal weighting affects your concentration in any single REIT.
  • 3DRIP is available; use ZRE to gain broad REIT market exposure without single-REIT concentration risk.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$23.66

Previous close

$23.69

Day range

$23.64 - $23.75

52wk range

$21.58 - $25.06

Market cap

N/A

Volume

13.7K

Avg volume

22.5K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$1.05

Forward yield

N/A

Trailing yield

N/A

Per payment

$0.09

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.09

Last dividend date

Jul 30, 2026

Performance

Daily change

-$0.03

Daily change %

-12.66%

52wk position

59.76%

Below 52wk high

-5.59%

Above 52wk low

9.64%

Open

$23.72

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

N/A

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

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

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

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

Use a planning tool that matches this holding's structure, payout timing, and income use case.

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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.