Middlefield Real Estate Dividend ETF (TSX:MREL)

Assets	152.54M
Expense Ratio	1.15%
PE Ratio	16.60
Dividend (ttm)	0.90
Dividend Yield	6.99%
Ex-Dividend Date	Sep 29, 2026
Payout Frequency	Monthly
Payout Ratio	115.98%
1-Year Return	+7.45%

Volume	2,898
Open	12.89
Previous Close	12.94
Day's Range	12.86 - 12.89
52-Week Low	12.30
52-Week High	14.36
Beta	0.97
Holdings	37
Inception Date	Feb 12, 2019

About MREL

Middlefield Real Estate Dividend ETF is an exchange traded fund launched by Middlefield Limited. It is managed by Middlefield Capital Corporation. The fund invests in public equity markets of global region. It invests in stocks of companies operating across mortgage real estate investment trusts (reits), financials, diversified financials, equity real estate investment trusts (reits) sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. It seeks to benchmark the performance of its portfolio against the S&P/TSX Capped REIT Index. Middlefield Real Estate Dividend ETF was formed on April 20, 2011 and is domiciled in Canada.

• Asset Class: Equity
• Category: Real Estate
• Stock Exchange: Toronto Stock Exchange
• Ticker Symbol: MREL
• Provider: Middlefield
• Index Tracked: S&P/TSX Capped REIT Index - CAD

Performance

MREL had a total return of 7.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.53%.

Top 10 Holdings

46.53% of assets

Name	Symbol	Weight
RioCan Real Estate Investment Trust	REI.UN	6.42%
Extendicare Inc.	EXE	5.20%
Granite Real Estate Investment Trust	GRT.UN	4.83%
Killam Apartment REIT	KMP.UN	4.71%
Chartwell Retirement Residences	CSH.UN	4.63%
Choice Properties Real Estate Investment Trust	CHP.UN	4.50%
Boardwalk Real Estate Investment Trust	BEI.UN	4.41%
Canadian Apartment Properties Real Estate Investment Trust	CAR.UN	4.29%
Primaris Real Estate Investment Trust	PMZ.UN	3.91%
Cash & Other	n/a	3.64%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	0.075 CAD	Oct 15, 2026
Aug 31, 2026	0.075 CAD	Sep 15, 2026
Jul 31, 2026	0.075 CAD	Aug 14, 2026
Jun 30, 2026	0.075 CAD	Jul 15, 2026
May 29, 2026	0.075 CAD	Jun 15, 2026
Apr 30, 2026	0.075 CAD	May 15, 2026

Data Sources: S&P Global Market Intelligence, Financial Modeling Prep, and more

Historical data is provided by S&P Global Market Intelligence. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 22, 2026

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