Middlefield Real Estate Dividend ETF
MREL.TO
Toronto Stock Exchange- -
CAD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Middlefield Real Estate Dividend ETF (MREL.TO) is an actively managed exchange-traded fund that provides investors with low-cost exposure to the global real estate sector through a diversified portfolio of high-quality real estate companies, emphasizing stable monthly cash distributions and total return outperformance relative to the S&P/TSX Capped REIT Index. The fund invests primarily in dividend-paying equities across sectors such as retail REITs, multi-family residential REITs, industrial REITs, health care facilities and REITs, diversified REITs, and others including asset management banks, real estate services, homebuilding, telecom towers, data centers, operating companies, and office REITs; its portfolio features top holdings like RioCan Real Estate Investment Trust, Extendicare Inc., First Capital Real Estate Investment Trust, Choice Properties Real Estate Investment Trust, Canadian Apartment Properties Real Estate Investment Trust, Chartwell Retirement Residences, and Granite Real Estate Investment Trust. Geographically, the fund allocates approximately 78% to Canada, 21% to the U.S., and 1% to international markets, targeting institutional, professional, and individual investors seeking income and growth from resilient real estate subsectors. Launched on April 20, 2011 and listed on the Toronto Stock Exchange, the ETF is managed by Middlefield Capital Corporation under Middlefield Limited, a privately owned equity income asset manager founded in 1979 with headquarters at The Well, 8 Spadina Avenue, Suite 3100, Toronto, Ontario, Canada M5V 0S8, and additional offices in London, England. In a significant recent development, the fund completed a merger with Middlefield Sustainable Real Estate Dividend Fund (TSX: MSRE) on May 16, 2024, on a tax-deferred rollover basis, issuing approximately 887,779 new MREL units and ceasing trading of MSRE units, thereby expanding its asset base and enhancing scale while maintaining the surviving entity's focus on real estate dividends; merger-related expenses were covered by the manager. The ETF continues to deliver consistent monthly distributions of CAD 0.075 per unit, with the most recent payments in late 2025, supporting a trailing yield around 7-8% and year-to-date returns of about 13% as of November 30, 2025.