2 High-Yield TSX Stocks to Buy With $2,000 Right Now

Even $2,000 can start building income if you aim it at high-yield stocks with payouts that look sustainable. You won’t retire off the first cheques, but you will create a real feedback loop. This happens as distributions arrive, you reinvest, and your share count grows without you adding new cash. High yield also keeps you focused on the right things. Instead of watching price swings like a scoreboard, you start tracking cash flow, payout coverage, and whether the business can keep paying through a normal year. So let’s consider a few on the TSX today.

TNT

True North Commercial REIT (TSX: TNT.UN) is a high-yield pick built for investors who want monthly income and don’t need a flashy narrative. It owns and manages office properties in Canada, so it trades like a “show me the cash” story rather than a growth rocket. Over the last year, the biggest storyline has been the reset around distributions and financial flexibility. The real estate investment trust (REIT) reinstated monthly distributions in 2025 at $0.0575 per unit and kept the focus on refinancing and stabilizing the portfolio, which matters a lot if you’re buying it for income rather than excitement.

The yield stays attention-grabbing: It’s currently an annualized 8.6%, though True North’s market cap is about $116 million, which signals that this is a small, sentiment-driven REIT that can move quickly. On the operating side, recent results have shown the same pressures office owners face, including higher interest costs and softer net operating income.

In its Q3 2025 update, funds from operations (FFO) per unit fell to $0.56 from $0.61 a year earlier, and adjusted FFO per unit fell to $0.54 from $0.64. The payout ratio looked artificially low year-to-date in 2025 at 26% because distributions restarted partway through the year, so the more practical approach is to watch refinancing progress, leasing, occupancy, and interest costs. If it keeps extending maturities at manageable rates and limits vacancy damage, an 8% yielder can rerate quickly, but office leasing risk remains the big red flag.

PLZ

Plaza Retail REIT (TSX: PLZ.UN) offers a different high-yield setup that tends to feel easier to hold. It owns open-air retail properties and shopping centres with a strong tilt toward necessity-based tenants, which can hold up better than people expect when consumers feel cautious. Over the last year, Plaza has focused on steady operating performance, capital recycling, and a pipeline of intensifications and developments. It also kept occupancy strong, with committed occupancy near 97% in its latest year-end disclosure.

The yield sits in a sweet spot that feels generous but not extreme, with a current annualized distribution around 6.5% and a market cap around $476 million. The earnings trends have improved, which helps the yield feel more earned. For the three months ended December 31, Plaza reported FFO of $10.7 million, or $0.096 per unit, and AFFO of $9.1 million, or $0.082 per unit.

For full-year 2025, it reported total FFO of $44 million, or $0.395 per unit, and total AFFO of $33.5 million, or $0.300 per unit. Coverage looked more comfortable on FFO than AFFO, with a 2025 FFO payout ratio of 71% and an AFFO payout ratio of 93.3%. That’s not risk-free, but it suggests the distribution isn’t running on fumes.

Bottom line

If you’re investing $2,000 right now for high yield, the real win is building a small income engine you can grow. Here’s what putting $1,000 in each stock could bring in as immediate income.

COMPANYRECENT PRICENUMBER OF SHARES YOU COULD BUY WITH $1,000ANNUAL DIVIDENDTOTAL ANNUAL PAYOUT ON A $1,000 INVESTMENTPAYOUT FREQUENCYTNT.UN$8.50117$0.69$80.73MonthlyPZA$16.4460$0.93$55.80Monthly

Together, these are a simple mix: one higher-risk, higher-yield office REIT where you’re hoping the payout will recover, and one steadier, open-air retail REIT that you can keep reinvesting with more confidence.

The post 2 High-Yield TSX Stocks to Buy With $2,000 Right Now appeared first on The Motley Fool Canada.

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More reading

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• 2 TSX Stocks to Help Supercharge Your TFSA Returns
• 3 Canadian Dividend Stocks Yielding Up to 4% for When the Market Stops Chasing Growth

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.