Recent Purchase: Smart Reit

Welcome back everybody! Here's my recent purchase update. On August 24, 2017 I bought more shares in Smart Reit (SRU.UN.TO). Smart Reit is one of my favourite Canadian Reit for many good reasons. They own great shopping centres with reliable tenants like Wal-Mart and have interest in many residential developments.

I'm very excited about their residential development. That's why I decided to buy more shares of SRU.

I bought 35 shares of the company for $31.40 per share. They just hiked their dividend by 2.9%, effective October 2017. With the current share price, the dividend yield is 5.8%, paid monthly.

This purchase will increase my monthly dividend income by $4.95.


Thank you guys for reading. Feel free to comments below if you have any questions. Feel free to share your recent purchase.




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10 comments:

  1. Mr. RobotAugust 29, 2017 at 4:39 AM

    That seems like a nice buy with that yield. Nice blog you have here, I'll be following you along!

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    1. Dividend Income StocksAugust 29, 2017 at 6:48 AM

      Thank you, Mr. Robot. The yield is nice and the growth going forward is exciting as well.

      Delete
  2. FerdiS, DivGroAugust 29, 2017 at 10:14 AM

    As a US investor, I'm not familiar with Smart Reit, but if offers a nice yield, for sure! Thanks for sharing.

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    1. Dividend Income StocksAugust 29, 2017 at 6:05 PM

      Thanks for commenting. It's one of the biggest reit in Canada. Take care!

      Delete
  3. Dividend PortfolioSeptember 1, 2017 at 3:57 AM

    Hey DIS, I'm relatively new to your blog.

    Also not familiar with Smart Reit, but monthly dividend income is nice. It reminds me of Realty Income. Plus you're building on your portfolio and getting the power of compounding which is great.

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    1. Dividend Income StocksSeptember 26, 2017 at 8:32 AM

      Thank you for your comment. Smart REIT is a very stable business. They also getting into residential properties which I'm excited about.

      Delete
  4. Evan @ My Journey to MillionsSeptember 25, 2017 at 10:58 PM

    I know nothing about the Canadian market, but everything I have read/saw discusses the heating up of the real estate market - does that worry you about buying the REIT?

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    1. Dividend Income StocksSeptember 26, 2017 at 8:38 AM

      Hi Evan,

      I'm not worried about the real estate market. If the prices ever collapse, it's the banks who will suffer the most because they finance those big mortgages. I don't think it will have any effect on retail reits. The only thing that's bad for reits it's when the interest rate goes up. But that's a gradual process.

      Delete
    2. Evan @ My Journey to MillionsSeptember 26, 2017 at 9:45 AM

      Not sure if that's true - just taking a quick look at O it looks like it lost about 50% of its market cap from 2007 to 2008/2009. It has come back in spectacular fashion since, but that is some ridiculous hair cut.

      Delete
    3. Dividend Income StocksSeptember 26, 2017 at 2:20 PM

      It's true! Back then most of the companies in the financial market got hit pretty bad and those are the times to load up the good stocks and ride them back up :)

      Delete

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