A $1,000 month-to-month dividend cheque could make retirement really feel much less like a tightrope stroll and extra like a plan. It could possibly cowl groceries, property tax, or that fixed drip of payments that by no means takes a vacation. It additionally provides you management. You may go away your Registered Retirement Financial savings Plan (RRSP) alone throughout tough markets as an alternative of promoting on the worst time. You may funds for enjoyable. The dream solely works, although, if the earnings arrives on schedule and the enterprise behind it stays sturdy.
Contemplate GRT
Granite REIT (TSX:GRT.UN) seems to be easy as a result of it owns industrial and logistics buildings. Assume warehouses, distribution centres, and the locations that hold e-commerce and provide chains shifting. Traders have a tendency to love that blend when the financial system retains buzzing, however it could additionally maintain up when customers tighten budgets, since firms nonetheless want area to retailer and ship necessities.
Current information additionally issues as a result of simplicity doesn’t imply you ignore updates. In December 2025, Granite stated it plans to finish buying and selling on the NYSE after December 31, 2025 and search an inventory on the OTCQX, whereas holding its TSX itemizing. Administration framed it as a cost-saving transfer tied to low NYSE quantity. Canadian buyers who purchase it for TFSA earnings nonetheless personal the identical buildings and accumulate the identical month-to-month distribution, however cross-border holders ought to watch how brokers deal with the change.
Into earnings
Granite’s third-quarter 2025 outcomes, for the interval ended September 30, 2025, confirmed the sort of regular progress that earnings buyers crave. The belief reported adjusted funds from operations (AFFO) of $1.26 per unit for the quarter. AFFO acts as a cash-flow yardstick, and it issues greater than accounting revenue for a actual property funding belief (REIT). Granite additionally reported an AFFO payout ratio of 67%, which leaves respiration room for upkeep spending, debt prices, and future distribution progress.
Valuation at all times feels difficult with actual property as a result of markets change their temper about rates of interest in a single day. Granite helps itself by holding operations tight. The economic REIT reported in-place occupancy of 96.8% at quarter-end and pointed to sturdy hire progress on renewals. It additionally guided to greater money stream per unit for 2025 versus 2024, even with greater upkeep capital spending. Nonetheless, you must control debt refinancing cycles, as a result of greater charges can squeeze each REIT, even the well-run ones.
Incomes earnings
Now let’s join Granite to that $1,000 month-to-month objective. Granite pays month-to-month, and in early November 2025 it set the next focused distribution of $0.28 per unit monthly or $3.40 yearly. If you would like $1,000 a month, you want about 3,529 models at that charge. Utilizing the identical $81.66 unit worth, that works out to about $288,383 invested, earlier than buying and selling prices.
| COMPANY | RECENT PRICE | NUMBER OF SHARES | DIVIDEND | TOTAL ANNUAL PAYOUT | FREQUENCY | TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
| GRT.UN | $81.66 | 3,529 | $3.40 | $11,998.60 | Month-to-month | $288,383.14 |
That appears like so much as a result of it’s a lot, and you must deal with that honesty as a function, not a flaw. Retirement earnings targets require actual capital, and Granite exhibits the maths. The excellent news is that you don’t want to purchase it unexpectedly. In the event you maintain Granite inside a TFSA and reinvest the month-to-month money, you construct extra models over time, and the tax shelter lets compounding do its job. Granite additionally raised its focused distribution, which supplies long-term buyers a sensible tailwind.
Backside line
A $1,000 month-to-month dividend stream can act like a private pension, and that may regular nerves when markets wobble. Granite earns a spot on the shortlist as a result of it owns important industrial area; it retains occupancy excessive, and it helps the distribution with money stream that leaves room to breathe. The REIT nonetheless carries charge threat and actual property cycles, so you must pair it with different holdings, not deal with it like a magic trick. If you would like a easy, monthly-paying TSX identify to construct towards retirement earnings, GRT.UN deserves a glance.
