Highlights

• Northview Residential REIT paid C$0.091146 per unit in each of the twelve months between November 2025 and October 2026.

• Units closed at C$14.07 on 10 November 2026, giving trailing and indicated yields of about 7.77%.

• The REIT sold C$164 million of non-core Assets during 2025 while cutting Debt relative to gross book value.

• The October instalment goes out on 16 November to unitholders on the register at 31 October.

Rent cheques from tenants in multi-residential buildings are the raw material behind every monthly payment from Northview Residential REIT (TSX:NRR.UN). Last year the landlord pruned the portfolio hard, shedding C$164 million of properties it no longer regarded as core, yet the cash reaching unitholders has not budged: twelve straight instalments of C$0.091146 per unit.

That oddly precise figure is simply a quarterly rate of roughly C$0.2734 split into three. With units finishing Tuesday's session at C$14.07, the question is what keeps the amount steady and what could test it.

What a unit collects

The most recent distribution carried an ex-date of 30 October and a Record Date of 31 October, with payment scheduled for 16 November. Annualised, the rate comes to about C$1.0938 per unit.

Across the lookback running from 11 November 2025 to 10 November 2026, unitholders received C$1.093752 in total. Divided by the 10 November close, that trailing sum equals a Yield of roughly 7.77%. Because the monthly amount never moved, the indicated yield, which multiplies the latest payment by twelve, lands on the identical figure. No special payouts or return-of-capital components were identified during the period.

Reading the cushion

The clearest coverage measure on record dates from the third quarter of 2025. In that period the REIT reported a basic AFFO Payout Ratio of 64.2%, meaning roughly two-thirds of adjusted funds from operations went out as distributions and the rest stayed in the business.

The same release put debt at 63.4% of gross Book Value after a 140-basis-point reduction, and described same-door net Operating Income growth in every region. Those numbers are now a year old. Figures for the third quarter of 2026 have not been reviewed here, so present-day coverage remains an open point rather than a settled one.

Pruning the portfolio

Selling C$164 million of non-core assets during 2025 went hand in hand with lower borrowing relative to the book value of the portfolio. The REIT's second-quarter 2026 report pointed to steady Revenue growth set against pressure from operating expenses, a reminder that higher property costs can absorb gains in rental income before they reach unitholders.

No strategic review or Takeover approach has been identified, and the monthly rate has stayed where it was at the end of September.

Price drift and the gaps

The 10 November close sits well below the C$14.70 used in an earlier screening list, which is why yields measured now look higher than the 7.52% quoted at that time. Part of the gap is arithmetic as well: twelve payments at the current rate total about C$1.094, slightly less than that older figure implied.

Both the closing price and the payment history rest on market-data records instead of an issuer filing, and the declaration date for the October payment was not confirmed. No index membership has been established for the units.