CT REIT Raises Dividend by 2.5% to CAD 0.079 per Share

CT Real Estate Investment Trust (CRT.UN:CA) has raised its monthly dividend by 2.5% to CAD 0.079 per share. The new dividend is payable on July 15, with a record date of June 30 and ex-dividend date also on June 30.

TORONTO, June 13, 2025 - CT Real Estate Investment Trust (CRT.UN:CA) has announced a significant increase in its monthly dividend. The trust has raised its dividend by 2.5% to CAD 0.079 per share, payable on July 15, 2025. The record date for this dividend is June 30, 2025, and the ex-dividend date is also set for June 30, 2025.

The new dividend, if annualized, would represent a rate of CAD 0.94836 per annum. This increase comes on the heels of a strong performance year-to-date, with CRT.UN's stock gaining about 3.7% since the beginning of 2025 [3].

CT REIT, an unincorporated, closed-end real estate investment trust, owns income-producing commercial properties primarily in Canada. The trust's portfolio consists of over 375 properties totaling more than 31 million square feet of gross leasable area (GLA). Canadian Tire Corporation, Limited is the trust's most significant tenant, which provides a level of stability that is rare in the real estate investment trust sector [2].

The trust's strong performance is reflected in its latest earnings report, where it posted net income of CAD 79 million, up from CAD 72 million the year before. The trust also expanded its portfolio by adding new developments in Ontario and Quebec [1].

Despite the broader real estate market's challenges, CRT.UN has shown resilience and continues to attract investors seeking regular income with growth potential. The trust's dividend yield of 6.01% places it in the top 25% of dividend-paying stocks, making it an attractive option for income-focused investors [3].

Investors should note that while the trust has a strong dividend track record, its payout ratio of 101.09% indicates a high level of dividend distribution relative to its earnings, which may not be sustainable in the long run [3].

For those interested in purchasing shares of CRT.UN, several online brokerages provide access to the Canadian stock market, including BMO InvestorLine, CIBC Investor's Edge, and Desjardins Online Brokerage, among others [3].

References:
[1] https://ca.finance.yahoo.com/news/beat-tsx-3-cash-gushing-202000782.html
[2] https://finance.yahoo.com/news/ct-reit-declares-distribution-period-123000681.html
[3] https://www.marketbeat.com/stocks/TSE/CRT-UN/