Investment Q&A

ZRE is an ETF with 23 separate holdings, so is safer than owning a single company. There is still risk of a distribution cut if the combined income of its securities holdings declines. It made a tiny immaterial cut in 2018 but generally has been consistent with small increases and year end special distributions over the years. GRT.UN is a $4B solid REIT, with payout ratio of 73%. No distribution is guaranteed by we would consider this high quality with good tenants (mostly Magna). REI.UN is a bit larger but its commercial and retail exposure make it more sensitive to interest rates and the economy. Payout ratio is 73%. It cut its dividend by one-third in January 2021. We would consider it OK but again not risk-free and more risky overall than the other two securities mentioned here.