Go Residential Real Estate Investment Trust (TSX: GO.U) offers Canadian income-seekers a high-yielding ticket into luxury Manhattan multi-family apartments. It went public in July 2025, and the $309 million recently IPOed small-cap real estate play’s monthly distribution currently yields a juicy 7.7% annually that boosts a retirement portfolio’s passive income. I’m drawn to management’s execution during the trust’s first year and would consider buying units as a long-term hold as the trust closes a massive portfolio acquisition that could make it the second-largest residential REIT on the Toronto Stock Exchange.

A high-yield REIT with respectable fundamentals

Go Residential REIT’s units have traded 43% lower over the past year as the market weighed management’s aggressive growth plan, with the decline recently worsened by a fairly complex US$2.8 billion acquisition of 27 residential properties from H&R Real Estate Investment Trust (TSX: HR.UN), which heavily dilutes existing unitholders to 33.1% ownership (with H&R investors owning 66.9%).

Meanwhile, Go Residential REIT had executed well during its first year on the TSX. The trust’s residential properties offer “essential” luxury accommodation in New York’s Manhattan area. Given a strong 99.3% committed occupancy rate, its legacy properties are highly sought. Legacy apartments in the portfolio saw average rental per apartment grow to an average monthly rent of US$7,055 (CA$9,795), and a committed occupancy rate of 99.6% shows that operational fundamentals remained undeniably robust.

Management reported stellar second-quarter 2026 results, beating forecasts across revenue, net operating income (NOI), and funds from operations (FFO), supported by a stellar 73.4% NOI margin. However, adjusted FFO (AFFO) per unit came in slightly lower at US$0.23 against a US$0.25 expectation. This variance stemmed from a higher-than-forecast weighted average unit count (63,013,718 versus 55,462,534) rather than operational weakness.

Even with a higher unit count, the trust’s competitive monthly payout remained secure. The REIT posted an AFFO payout ratio of 68.5% for the second quarter and 65.7% for the first half of 2026, aligning closely with management’s target 65% annual payout policy.

Go Residential REIT goes for growth

Catalyzing its expansion, Go Residential announced a massive US$2.8 billion deal in August to acquire 27 properties from H&R REIT. Slated to close during the fourth quarter, the transaction will expand the trust’s portfolio to 35 properties and over 13,300 suites across eight U.S. residential markets. While the deal involves issuing 134.2 million new units, a US$30 million cash payment, and assuming CA$550 million in debentures alongside US$1.1 billion in debt, it quadruples the public float.

Growth will solve the small-cap liquidity discount and positions the trust well for institutional ownership. The H&R portfolio acquisition diversifies Go Residential REIT’s exposure beyond Manhattan to the vibrant, fast-growing U.S. Sun Belt metropolitan markets.

Meanwhile, H&R REIT, a diversified property owner that has been trying to simplify its portfolio and focus on high-quality residential assets, gets to easily liquidate non-core office, retail, and industrial assets to Go’s acquisition partners. However, the deal, which closes at a valuation of around $12.01 per H&R unit, may still be reasonable given that H&R units had a net asset value (NAV) of $16.23 by June 30.

Go Residential has gone for growth, and it may just have found a discounted way to do so in one scoop, while offering H&R unitholders an incentive, a deal premium (of 14.5% to pre-deal trading prices). H&R REIT had significantly cleaned its balance sheet to a debt ratio of around 40%, and the combined entity will have lower leverage while the deal may be accretive to Go Residential REIT’s distributable cash flow, measured by AFFO.

If the deal goes well, with its synergistic benefits realizable, it’s possible that this outsized acquisition may allow Go Residential’s distribution to remain safe and dependable for passive income.

Investor takeaway

Go Residential REIT appears as a compelling buy-and-hold investment for long-term passive-income generation with a 7.7% distribution yield backed by resilient luxury urban rentals, high occupancy, and a transformational scale-up via H&R REIT. While dilution and post-merger integration warrant ongoing monitoring, the risk-reward profile may justify a buy-and-hold position for income-focused portfolios before the juicy yield goes away.

The post I’m Considering This 7.7%-Yielding TSX Stock for Passive Income appeared first on The Motley Fool Canada.

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Fool contributor Brian Paradza has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Canada’s monthly dividend stocks help smooth out cash flows and may support long-term wealth creation through more frequent dividend compounding. It pays to buy and hold the best payers when building a reliable stream of passive income. Following its recent second-quarter (Q2 2026) earnings release, CT Real Estate Investment Trust (TSX: CRT.UN) stands out as a compelling monthly dividend stock to buy and hold for monthly passive income.

The combination of a respectable yield, regular monthly income distributions that have grown each year for 13 years, industry-leading portfolio occupancy, solid balance sheet and cash flow metrics, and a significantly low payout rate makes CT REIT a 5.6% dividend stock worth considering for monthly income today.

CT REIT’s solid foundations for reliable monthly income distributions

Originally an offshoot from Canadian Tire Corporation’s (TSX: CTC.A) real estate portfolio, CT REIT has expanded impressively over time. It has grown its inherited portfolio from 256 properties comprising 19 million square feet of gross leasable area (GLA) in 2013 to 380 properties comprising 32 million square feet of GLA today. The top Canadian REIT is growing steadily every year, supported by its tight partnership with Canadian Tire, a century-old convenience store operator that remains a major tenant, strategic financier, and majority shareholder. This robust backing gives it a substantial advantage over many other Canada monthly dividend stocks.

One of the key portfolio metrics income investors look at when deciding whether to buy into a Canadian REIT for reliable passive income distributions is how well occupied its properties are. CT REIT’s portfolio remains fully occupied, boasting an impressive 99.5% occupancy rate going into the third quarter of 2026, alongside a fairly long weighted average lease term (WALT) of 6.9 years. Consequently, the portfolio can sustain steady annual rental revenue for seven years into the future.

Most noteworthy, its major tenant, Canadian Tire, which occupies 92% of GLA, remains fully committed to the REIT. It recently renewed several long-term leases at average spreads of 10.8% over expiring rents during the first six months of 2026. Contractual rent escalations like these serve as a steady source of ongoing rental income and cash flow growth.

A Canadian monthly dividend stock with strong earnings

Financial results continue to reflect CT REIT’s operational strength. Portfolio revenue grew 4.6% year over year during the second quarter of 2026, while net operating income increased by 4.8%. Additionally, the net asset value of trust units has grown 7.6% during the past year to $19.06.

CT REIT’s tight partnership with its main tenant continues to unlock lucrative investment opportunities as long as Canadian Tire expands its footprint across the country. During the second quarter, the REIT invested $76 million in projects completed during the quarter. Its $300 million credit facility with Canadian Tire is drawn by $113 million, showing that Canadian Tire is still strategically financing CT REIT’s ongoing portfolio expansion.

Buy for relatively safe monthly income

Safety and sustainability are paramount among the top Canadian monthly dividend stocks. After 13 consecutive years of raising distributions, CT REIT’s monthly payout remains one of the safest in the Canadian REIT space. With an adjusted funds from operations (AFFO) payout rate of 72.5% for the first six months of 2026, the monthly distribution consumes less than three quarters of the trust’s recurring distributable cash flow. This leaves ample liquidity to organically fund new property developments without over-borrowing.

Speaking of borrowings, CT REIT maintains a fortress balance sheet with a debt ratio as low as 38.9% as of June 30, 2026, and the trust continues to hold an investment-grade credit rating.

Investors shopping for high-quality Canadian monthly dividend stocks may buy CT REIT units today to lock in a generous 5.6% yield at a 7.2% discount to its most recent NAV of $19.06.

The post Here’s a 5.6% Dividend Stock Worth Considering for Monthly Income appeared first on The Motley Fool Canada.

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Fool contributor Brian Paradza has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

For the first time in 13 years, Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) has raised its monthly distribution. The Canadian REIT is earning more rent per square foot, expanding its cash flow base, pushing portfolio occupancy higher, and finally rewarding loyal unitholders with a long-awaited payout raise. This could be the beginning of a new dividend growth spree for the top performing real estate play. DIR.UN units promise to reward investors with a 5.1% distribution yield and potential capital gains over the next 12 months.

If you are hunting for a compelling Tax-Free Savings Account (TFSA) dividend stock to buy that delivers steady monthly passive income, has strong operational tailwinds, and trades at an attractive valuation discount, this industrial real estate play demands a closer look in August.

Why REITs belong inside your TFSA

Building a reliable monthly income stream inside a TFSA is one of the smartest ways to compound wealth. However, structure matters.

Unlike conventional Canadian dividend stocks, REIT payouts are distributed as trust income rather than eligible dividends. In a non-registered taxable account, these distributions don’t qualify for the Canadian Dividend Tax Credit. Depending on the final annual tax breakdown, which often includes rental income, your monthly payouts could be taxed at your full marginal income tax rate.

Inside a TFSA, the Canada Revenue Agency (CRA) can’t touch those payouts. Every dollar of monthly cash flow hits your portfolio 100% tax-free, keeping every cent working for you.

Why Dream Industrial REIT is a promising TFSA dividend stock to buy in August

Dream Industrial REIT owns a premier portfolio of industrial properties valued at over $8.1 billion. In its second-quarter 2026 earnings report released on August 4, the trust demonstrated how its aggressive growth strategy is paying off. Funds from operations (FFO) per unit increased by 7.8% year over year, driven by a 10.3% surge in Same property net operating income (SPNOI).

The secret behind this growth lies in management’s active capital recycling. During the past quarter, Dream Industrial REIT disposed of $370 million worth of properties into its DCI joint venture (JV) with Canada Pension Plan Investments while retaining lucrative property management rights for recurring fee income. Combined with its Dream Summit JV, which made it Canada’s largest industrial property manager, alongside a U.S. fund and a newly acquired U.K. property manager, fee streams are expanding across North America and beyond the Atlantic.

The trust is rapidly redeploying capital into high-conviction opportunities. It closed $332 million in acquisitions during the past quarter alone, bringing year-to-date property purchases to $550 million.

Portfolio in-place occupancy rose to 94.2%, and the REIT signed over two million square feet of leases at average rental spreads of 15.1%, led by rental hikes reaching 41.6% in Ontario. Consequently, quarterly net rental income expanded 8.1% year over year.

A historic distribution hike backed by cash flow

Generating more rental income from retained assets and new management fee streams have given management the confidence to share profits directly with unitholders. Effective with the September 15 distribution, Dream Industrial raised its monthly payout by 2.5% to $0.0598 per unit ($0.7175 annualized).

The last time the REIT increased its payout was back in 2013. At recent unit prices, this updated payout offers a respectable 5.1% yield.

Crucially, the monthly distribution is well-covered. Thanks to improving portfolio cash generation, the REIT’s FFO payout ratio improved to a conservative 63.1% last quarter. This low payout ratio provides a wide cushion of safety, leaves ample capital for further reinvestment, and potentially marks the beginning of a new multi-year distribution growth trajectory.

Foolish bottom line

Dream Industrial REIT checks every important box for investors seeking a high-quality TFSA dividend stock to buy: high portfolio occupancy, double-digit leasing spreads, expanding fee revenues, and a newly restored distribution growth engine.

Trading at $14.05 per unit, DIR.UN trades at a steep 16.2% discount to its most-recent net asset value of $16.76. Locking in a 5.1% tax-free monthly yield while purchasing institutional industrial real estate at 84 cents on the dollar appeals as a value proposition passive-income investors won’t want to overlook this month.

The post Here’s a TFSA Stock That Pays You 5.1% Every Month appeared first on The Motley Fool Canada.

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Fool contributor Brian Paradza has no position in any of the stocks mentioned. The Motley Fool recommends Dream Industrial Real Estate Investment Trust. The Motley Fool has a disclosure policy.

If you want more predictable cash flow, it may be worth focusing on investments that pay regular income and are backed by businesses with stable earnings. A high yield alone is not enough, but a high yield tied to the essential real estate sector could be worth a closer look.

Keeping that in mind, Slate Grocery REIT (TSX: SGR.UN) could be worth considering for investors who prioritize reliable monthly income. Its grocery-anchored properties serve everyday needs, and its monthly dividends give income investors a more predictable rhythm. Let’s take a closer look at why Slate Grocery REIT could be a reliable choice for cash flow planning.

A monthly dividend payer tied to essential retail

If you don’t know it already, Slate Grocery REIT is a Toronto-based real estate investment trust (REIT) that owns and runs grocery-anchored real estate across major U.S. metropolitan markets. These properties house grocery stores and other necessity-based retailers, which help support occupancy and rental demand.

After jumping by nearly 19% over the last year, Slate Grocery stock recently traded at $17.20 per unit, giving the REIT a market cap of roughly $1 billion. The stock rewards investors with monthly dividends, with its annualized yield currently sitting near 7%.

Leasing momentum remains strong

Even as macroeconomic concerns have affected the real estate sector sentiment lately, Slate Grocery REIT’s performance is continuing to reflect healthy operating momentum. The REIT completed more than 725,000 square feet of leasing at strong double-digit rental spreads in the first quarter of 2026, with renewals completed 18.9% above expiring rents and new deals signed 49% above comparable average in-place rents.

At the same time, its same-property net operating income (NOI) climbed by US$3.5 million, or 2.1% from a year ago, on a trailing 12-month basis. Adding to the optimism, Slate Grocery’s portfolio occupancy remained stable at 94.4%, showing continued demand for its grocery-anchored locations.

During the quarter, the company’s rental revenue rose 11.8% year-over-year (YoY) to US$59.3 million, and net profit surged 17.5% from a year ago to US$18.9 million. I expect this trend to continue in the years to come as its reliable grocery-focused tenants continue to drive recurring traffic.

Room for rent growth

It’s important to note that Slate’s average in-place rent of US$12.98 per square foot remains well below the market average of US$24.59. That gap gives the REIT a big runway for future rent growth as leases roll over.

More importantly, the REIT’s balance sheet also offers some stability as it has a weighted average interest rate of 5%, with 90.2% of its debt carrying fixed interest rates. That strong financial base reduces its near-term exposure to interest rate volatility.

Foolish takeaway

While Slate Grocery REIT may not be completely risk-free, it definitely offers an attractive combination of monthly income, essential retail exposure, and leasing momentum. With a dividend yield at 7%, it remains one of the most appealing TSX monthly dividend stocks for investors focused on cash flow planning.

The post This 7% Dividend Stock Is My Go-To for Cash Flow Planning appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Slate Grocery REIT. The Motley Fool has a disclosure policy.

For Tax-Free Savings Account (TFSA) investors focused on generating a reliable monthly income, dividend-paying real estate investment trusts (REITs) look especially attractive because they distribute income every month.

Over time, reinvested dividends and compounding returns can massively increase monthly income potential. In this article, I’ll highlight two top REITs and tell you how they could help investors turn their TFSA into a reliable source of monthly tax-free income.

Dream Industrial REIT stock

Industrial real estate has remained one of the strongest areas of the property market in recent years as demand for logistics facilities and distribution centres continues to rise. That trend has helped Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) to become a favourite among income-focused investors.

This Canadian REIT owns and operates a diversified portfolio of industrial properties across Canada, Europe, and the United States. Its top assets include urban logistics facilities, light industrial buildings, and distribution centres located in key markets.

After surging around 30% over the last 12 months, its stock currently trades at $14.11 per share with a market cap of roughly $4 billion. At this market price, it also offers an attractive dividend yield of 5%, with monthly payouts.

In its latest quarter ended in March, Dream Industrial reported a 9% year-over-year (YoY) increase in comparable-property net operating income (NOI), along with a 7% rise in net rental income. Strong leasing activity and strategic asset management initiatives played an important role in driving that growth. The REIT also completed approximately $453 million in asset dispositions during the quarter, helping reduce leverage and strengthen its balance sheet.

More importantly, Dream Industrial continues expanding its portfolio through acquisitions and private venture growth opportunities. With growing demand for industrial real estate and a strong balance sheet, Dream Industrial REIT appears well-positioned to continue delivering reliable monthly distributions and long-term growth.

First Capital REIT stock

Another top Canadian REIT worth considering for TFSA monthly income is First Capital Real Estate Investment Trust (TSX: FCR.UN). This company focuses mainly on grocery-anchored open-air shopping centres located in densely populated urban neighbourhoods across Canada. Its portfolio includes several high-quality retail and mixed-use properties in attractive markets, helping support stable occupancy and rental growth.

Following a 33% gain over the last year, First Capital REIT stock currently trades at $23.56 per share with a market cap of $5 billion. It also rewards investors with reliable monthly dividends, with its yield currently standing at 3.8%.

In its first quarter, First Capital’s operating funds from operations (FFO) per unit climbed 7.6% YoY, while its same-property NOI rose 6.3%, excluding bad debt expense and lease termination fees. At the same time, it reported a record occupancy rate of 97.2%, reflecting healthy leasing demand and rising rental rates across its portfolio.

Meanwhile, the company continues investing in future growth opportunities. In the latest quarter, First Capital allocated around $43 million toward development projects, redevelopment initiatives, residential inventory, and acquisitions. These investments could help drive future rental income growth while increasing the long-term value of its portfolio.

Combined with a strong balance sheet and solid liquidity, the REIT appears positioned to continue generating stable monthly cash flow for TFSA investors.

How TFSA investors could generate $300 in monthly tax-free income

With current average yields, 2,240 shares of each of these two REITs may give you nearly $300 in monthly tax-free income. However, it would require a total investment of roughly $84,381 to reach that income target based on their current distribution yields.

While this example shows generating $300 in monthly tax-free income from a TFSA is achievable, it’s always a good idea to consider diversifying across multiple income-generating investments instead of relying only on a couple of stocks.

The post Turn a TFSA Into $300 in Monthly Tax-Free Income appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Dream Industrial Real Estate Investment Trust and First Capital Real Estate Investment Trust. The Motley Fool has a disclosure policy.

Investing in quality dividend stocks with a monthly payout allows you to begin a low-cost passive-income stream. In this article, I have identified one Canadian monthly dividend stock that offers you a stunning yield of 9%.

Valued at a market cap of $300 million, Pro Real Investment Trust (TSX: PRV.UN) is an industrial-focused real estate investment trust. It owns a portfolio of commercial properties located in strong secondary markets, primarily in Eastern and Central Canada. Moreover, it is largely focused on industrial properties, which offer investors exposure to this growing real estate sector.

In 2018, Pro REIT acquired Compass Commercial Realty, its property management arm. Compass delivers commercial property management and real estate services throughout Canada, including property management, sales, leasing, and project management. This integrated structure allows PROREIT to maintain tight operational control while maximizing property occupancy and minimizing costs.

Compass has an impressive track record with commercial property sales exceeding $425 million.

Is this TSX dividend stock a good buy right now?

Despite a challenging macro environment, Pro REIT delivered stable results in 2024, highlighting the resilience of its industrial-focused portfolio. The REIT made significant progress on its strategic goal of becoming a pure-play light industrial REIT, with industrial assets now accounting for 81% of base rent, up from 73% at the end of 2023. These moves bring the REIT closer to its medium-term target of 90%.

Pro REIT maintained a disciplined capital recycling approach, selling nine non-core properties for $71.2 million in 2024 and acquiring a 134,000-square-foot industrial property near Montreal’s Trudeau International Airport for $32.7 million. Pro REIT continued its divestments in 2025 with additional property sales, using proceeds primarily to reduce debt and fund strategic initiatives.

Despite owning eight fewer properties than at year-end 2023, the REIT maintained stable net operating income for both the fourth quarter and the full year. Same-store property NOI (net operating income) grew an impressive 7.7% for 2024, outpacing the 1.7% growth in 2023. Management anticipates mid- to high single-digit NOI growth in 2025 and 2026, supported by leasing momentum and substantial rental rate increases.

The REIT’s leasing performance remains a key strength, with 90.9% of gross leasable area maturing in 2024 renewed at an overall rental spread of 39.1%, including 50.5% for industrial properties.

What’s next for this Canada-based REIT?

Looking ahead, PROREIT has already secured renewals for 47% of 2025 expirations at a 32% rental spread and 45% of 2026 expirations at a 38% spread, an indicator of strong tenant demand.

Portfolio occupancy remained at 97.8% at year-end, with recent leasing activity addressing most transitional vacancies. The company has secured several industrial leases starting in 2025, including a 128,000-square-foot space with a new international tenant on a 15-year term with rent increases exceeding 30%.

From a financial perspective, Pro REIT reduced its total debt by $16.7 million to $498.6 million, maintaining its debt-to-gross book value ratio at approximately 50%. The REIT also improved its adjusted debt to annualized adjusted earnings before interest, tax, depreciation, and amortization ratio to 9.2 times from 9.6 times a year ago.

Despite a challenging interest rate environment, Pro REIT has effectively managed its exposure, limiting the increase in its weighted average interest rate to just 51 basis points over the past three years.

Management remains focused on sustainable growth and disciplined capital allocation. In 2025, it targets $30-60 million in additional property sales to advance its transition toward a pure-play industrial REIT while maintaining its monthly distribution of $0.0375 per unit.

The post This Canadian Monthly Dividend Stock Pays a Stunning 9% Yield appeared first on The Motley Fool Canada.

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Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.