SmartCentres is Canada’s leading fully integrated real estate investment trust (REIT) with an extensive portfolio of mixed-use properties located in prime locations across the country. The company manages approximately $12.1 billion in assets and manages 35.6 million square feet of revenue-generating retail and premium office space designed to generate stable, recurring cash flow.
Let’s take a closer look at SmartCentres’ operational metrics and recent performance. With that in the background, it becomes easier to estimate how much passive income a $10,000 investment in this high-yield dividend stock could produce over the course of a year.
SmartCentres REIT to support its payouts
SmartCentres REIT is known for its sustainable monthly payouts, even during prolonged high interest rates and economic downturns. It has maintained a stable monthly dividend of $0.154 per unit, reflecting an attractive yield of around 7.1%.
The REIT’s consistent monthly payouts are supported by its diversified real estate portfolio, high occupancy rates and strong tenant mix that together drive the net operating income (SPNOI) of the same property.
With 197 mixed-use properties strategically positioned in prime high-traffic areas, SmartCentres benefits from locations that naturally attract buyers and maintain high occupancy rates. As of September 30, 2025, the REIT recorded an existing and committed occupancy rate of 98.6%, reflecting the resilience of its assets and the continued demand for leasing across its network.
So far this year, leasing momentum has remained solid. The REIT filled approximately 68,000 square feet of vacant space during the quarter, bringing its year-to-date total to approximately 394,000 square feet. Demand for newly developed retail space also continues to increase, with nearly 25,000 square feet leased in the third quarter and approximately 92,000 square feet secured since the beginning of the year.
Rental extensions once again emphasize the power of trust. Nearly 85% of leases expiring in 2025 have already been renewed or completed, and these renewals have been accompanied by healthy rental growth of 8.4% for non-anchor tenants. Rent collection also remained exceptionally strong at 99%.
Overall, SmartCentres REIT’s solid business metrics and steady demand from high-quality retailers provide a strong foundation for future growth. With strong rental activity, rising rents and consistently reliable tenants, the trust appears well positioned to maintain its monthly payouts well into the future.
Earn €707.8 with €10,000 in SmartCentres shares
SmartCentres REIT appears well positioned to maintain its monthly distributions, supported by the stability of its core retail portfolio. The high occupancy rate and healthy rental activity continue to provide a reliable income base. At the same time, the REIT is steadily expanding into mixed-use developments, diversifying revenues and aligning the portfolio with changing urban and consumer trends.
This combination of reliable mixed-use assets, a strong balance sheet and an extensive land bank that remains largely untapped gives SmartCentres meaningful room to grow.
Based on the current market price, a $10,000 investment in SmartCentres REIT would secure approximately 383 shares. These stocks generate about $58.98 in passive income monthly, or about $707.8 per year.
| Company | Recent price | Number of shares | Dividend | Total payouts | Frequency |
| Smartcenters REIT | $26.10 | 383 | $0.154 | $58.98 | Monthly |
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