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.




5 comments:

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

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

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  3. 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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