Tariff chaos could make each market dip really feel private, and that’s when a month-to-month dividend can assist you recuperate with out making an attempt to time something. If commerce threats squeeze confidence and ship shares swinging, you’ll be able to really feel caught watching purple days pile up. A month-to-month payer retains money arriving anyway. You possibly can reinvest, common in when costs look ugly, and keep centered on revenue as a substitute of headlines. So, let’s have a look at one inventory to contemplate on the TSX right this moment.
SGR
Slate Grocery REIT (TSX:SGR.UN) appears constructed for that temper because it owns U.S. grocery-anchored procuring centres. Grocery site visitors tends to remain steadier than discretionary retail, since folks nonetheless purchase meals and necessities even when budgets tighten. That makes lease collections really feel much less depending on good shopper sentiment, and leases do the heavy lifting.
During the last 12 months, the story has leaned on leasing momentum and resilient demand for essential-goods area. In its third quarter (Q3) of 2025, the actual property funding belief (REIT) accomplished 417,145 sq. toes of leasing at a 14.4% whole leasing unfold, and new leasing spreads hit 34.8%. Portfolio occupancy sat at 94.3% on the quarter’s finish. These numbers counsel tenants nonetheless signed offers and paid greater rents, even with macro noise within the background.
The most recent year-end replace stored the image regular, nevertheless it additionally confirmed why you continue to have to observe the main points. Within the fourth-quarter and full-year 2025 outcomes, portfolio occupancy landed at 94.4% and web asset worth sat at $13.65 per unit. The dividend inventory additionally reported weaker anchor and junior-anchor new leasing sq. footage within the interval, which hints that deal circulation can sluggish even when demand stays wholesome.
Trying forward
Now for the half revenue buyers care about: payout help. In This fall 2025, Slate Grocery reported funds from operations (FFO) of US$14.927 million, or US$0.25 per unit, and adjusted FFO (AFFO) of US$11.704 million, or US$0.19 per unit. FFO payout ratio was 86.9%, whereas AFFO payout ratio was 110.8%. That hole issues, as AFFO acts just like the nearer proxy for money out there to pay distributions.
Q3 2025 confirmed a distinct flavour and helps you keep away from judging the enterprise on one quarter. Rental income rose to US$53.313 million from US$52.325 million, and web working revenue (NOI) elevated to US$42.992 million from US$41.897 million. FFO per unit was US$0.27, and AFFO per unit was US$0.21, with an AFFO payout ratio of 99.9%. Protection appeared tight, however far nearer to even than the year-end quarter.
The 2026 outlook largely comes right down to lease progress and the price of cash. If leasing spreads keep optimistic, the dividend inventory can maintain nudging revenue greater as area rolls over. If rates of interest ease, REIT sentiment can enhance as a result of financing feels much less punishing, and valuation multiples can raise. For now, buyers can decide it up buying and selling at an inexpensive 16.6 occasions earnings, with a 7.5% dividend yield. That alone can usher in ample revenue with only a $7,000 funding.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | ANNUAL DIVIDEND | ANNUAL TOTAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| SGR.UN | $15.22 | 459 | $1.18 | $541.62 | Month-to-month | $6,985.98 |
Backside line
So, might this dividend inventory be a purchase for others who wish to receives a commission whereas they anticipate the market to relax? It might, in order for you month-to-month revenue tied to important retail, and in case you settle for that AFFO protection can wobble quarter to quarter. The bear case is actual, nevertheless. If charges keep cussed and money protection stays tight, the unit value can keep moody. When you purchase it, deal with the yield as a software and maintain the place dimension smart.