A $25,000 Tax-Free Financial savings Account (TFSA) can really feel modest, however a dependable month-to-month dividend inventory can flip it right into a cash-flow behavior that compounds quick. You get earnings 12 occasions a 12 months, which provides you extra probabilities to reinvest when costs dip, and it retains you targeted when headlines get loud. In a TFSA, that month-to-month money circulate stays sheltered, so each reinvested greenback works tougher. The secret is choosing a enterprise that may preserve paying by a full cycle, not only a sunny quarter.
GRT
Granite REIT (TSX:GRT.UN) is an industrial and logistics landlord with a giant footprint throughout North America and Europe. It owns trendy warehouses and distribution buildings that tenants use to maneuver items rapidly, which makes it a quiet beneficiary of long-run tendencies like e-commerce and supply-chain reshoring. Granite additionally runs a diversified portfolio, with about 147 properties and roughly 62.6 million sq. toes, so it doesn’t depend on one constructing to pay the payments.
Over the past 12 months, Granite stayed busy. It renewed its regular course issuer bid in 2025, which signalled confidence in its unit worth and steadiness sheet self-discipline. It additionally took a giant swing on portfolio shaping, asserting about $292 million in acquisitions and $190 million in inclinations, plus a leasing replace that pointed to regular demand for well-located house.
The dividend inventory additionally made a structural transfer that issues for Canadian TFSA buyers who need easy publicity. In late 2025, it introduced plans to voluntarily delist from the NYSE and deregister from U.S. SEC reporting, which reduces U.S.-listing complexity whereas it retains its TSX dwelling base. It additionally raised its focused annual distribution by 4.4% starting in December 2025, taking the annualized quantity to $3.55 per unit.
Earnings help
The most recent earnings snapshot comes from Granite’s third quarter of 2025. Administration reported funds from operations (FFO) of $89.9 million, or $1.48 per unit, up from $1.35 per unit a 12 months earlier. It additionally reported adjusted funds from operations of $77 million, or $1.26 per unit, up from $1.22 per unit. These features got here alongside constant-currency same-property web working earnings (NOI) progress of 5.2%, which reveals actual hire energy.
That quarter additionally got here with a confidence marker that earnings buyers shouldn’t ignore. Granite raised full-year 2025 steerage, with FFO per unit anticipated at $5.83 to $5.90 and adjusted FFO per unit anticipated at $5.03 to $5.10. It additionally pointed to an energetic growth pipeline, together with a 391,000 sq. foot build-to-suit venture in Houston that it expects to finish in This autumn 2026 with a 7.5% stabilized yield.
The dividend inventory ended Q3 with in-place occupancy of 96.8% and web leverage round 35%, which provides it room to fund initiatives with out stretching. Administration additionally tagged six income-producing properties as held on the market with a good worth of $370.7 million, which may recycle capital into higher-return builds and acquisitions if pricing stays agency. All whereas providing a stellar 3.9% yield, which may usher in immense earnings from a $25,000 funding.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | ANNUAL DIVIDEND | ANNUAL TOTAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| GRT.UN | $89.36 | 279 | $3.42 | $954.18 | Month-to-month | $24,931.44 |
Backside line
For lots of Canadians, Granite can match properly as a $25,000 TFSA cash-flow play, however it is not going to swimsuit everybody. If you would like regular month-to-month earnings from industrial actual property, and you’ll deal with unit-price wobble when charges transfer, it may well make sense. For those who want the next yield right this moment, otherwise you lose sleep when actual property sentiment turns bitter, you need to look elsewhere. Both approach, one of the best transfer is matching the month-to-month paycheque to your persistence.