The stock market's rally this year has resulted in many dividend stocks rising in value, which has pushed their yields down in the process. For income-seeking investors, that can make it more challenging to find a solid, high-yielding investment.
But there's one real estate investment trust (REIT) that can be a terrific option right now, and that's the SmartCentres Real Estate Investment Trust (TSX:SRU.UN). This REIT currently yields 6.2%, which is far above average, and what's great is that the payout looks incredibly safe.
In its most recent quarters, which covered the first three months of the year, SmartCentres reported funds from operations per unit of about $0.55, which extrapolated over a 12-month period would equate to $2.20 – far higher than the rate of its annual dividend of $1.85.
SmartCentres has a diverse mix of tenants and many of its key locations are anchored by Walmart, making it a fairly stable option among REITs, and that can give investors confidence in its ability to do well even amid challenging economic conditions. Thus far in 2026, the stock has risen by more than 16%, as investors have been loading up on safe dividend investments such as SmartCentres. Even with the rally, however, the REIT still gives investors a fairly high yield today.
Whether you're searching for some great dividend income or just want a quality stock to put in your tax-free savings account, this REIT can be a great option to put in your portfolio and hang on to for the long haul.
