Many Canadian firms persistently pay dividends no matter market circumstances. These Canadian shares are a dependable funding for producing regular passive earnings. Considered one of them is SmartCentres REIT (TSX:SRU.UN), which is understood for rewarding shareholders with common month-to-month payouts and a excessive yield.

SmartCentres is Canada’s main absolutely built-in actual property funding belief (REIT) with an in depth portfolio of mixed-use properties situated at prime areas throughout the nation. The corporate manages about $12.1 billion in property and controls 35.6 million sq. ft of income-producing retail and top-tier workplace areas, designed to generate secure, recurring money circulation.

Let’s take a more in-depth have a look at SmartCentres’s working metrics and up to date efficiency. With that within the background, it turns into simpler to estimate simply how a lot passive earnings a $10,000 funding on this high-yield dividend inventory might produce over the course of a 12 months.

SmartCentres REIT to maintain its payouts

SmartCentres REIT is understood for its sturdy month-to-month payouts even in the course of the extended high-interest-rate atmosphere and financial downturns. It has maintained a gradual month-to-month dividend of $0.154 per unit, reflecting a gorgeous yield of roughly 7.1%.

The REIT’s constant month-to-month payouts are supported by its diversified actual property portfolio, excessive occupancy fee, and a powerful tenant combine that collectively drive its same-property web working earnings (SPNOI).

With 197 mixed-use properties strategically positioned in prime, high-traffic areas, SmartCentres advantages from areas that naturally appeal to consumers and preserve excessive occupancy charges. As of September 30, 2025, the REIT posted an in-place and dedicated occupancy fee of 98.6%, reflecting the resilience of its property and the continued leasing demand throughout its community.

To date this 12 months, leasing momentum has remained stable. The REIT crammed about 68,000 sq. ft of vacant house in the course of the quarter, bringing its year-to-date whole to roughly 394,000 sq. ft. Demand for newly developed retail house additionally continues to construct, with practically 25,000 sq. ft leased within the third quarter and roughly 92,000 sq. ft secured for the reason that begin of the 12 months.

Lease renewals additional spotlight the belief’s energy. Practically 85% of leases set to mature in 2025 have already been renewed or finalized, and these renewals have been accompanied by wholesome lease development of 8.4% for non-anchor tenants. Hire assortment additionally remained exceptionally robust at 99%.

Total, SmartCentres REIT’s stable working metrics and regular demand from high-quality retailers present a powerful base for future development. With robust leasing exercise, rising rents, and persistently dependable tenants, the belief seems well-positioned to take care of its month-to-month payouts nicely into the long run.

Earn $707.8  with $10,000 in SmartCentres inventory

SmartCentres REIT seems well-positioned to take care of its month-to-month distributions, supported by the soundness of its core retail portfolio. Excessive occupancy ranges and wholesome leasing exercise proceed to supply a dependable earnings base. On the identical time, the REIT is steadily increasing into mixed-use developments, which diversifies its earnings and aligns its portfolio with shifting city and shopper tendencies.

This mixture of reliable mixed-use property, a powerful stability sheet, and an in depth land financial institution that is still largely untapped provides SmartCentres significant room to develop.

Based mostly on the present market worth, a $10,000 funding in SmartCentres REIT would safe roughly 383 shares. These shares generate about $58.98 in month-to-month passive earnings, or roughly $707.8 yearly.