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Canadian Real Estate Potentially Undervalued Companies
Results
26
Companies with a Value score of at least 3, ordered by Value score
26 companies
Primaris Real Estate Investment Trust
Market Cap: CA$1.8b
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres in Canadian markets.
PMZ.UN
CA$15.33
7D
0.3%
1Y
-5.0%
Morguard North American Residential Real Estate Investment Trust
Market Cap: CA$893.1m
The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.
MRG.UN
CA$17.10
7D
3.7%
1Y
-3.8%
Boardwalk Real Estate Investment Trust
Market Cap: CA$3.3b
Boardwalk REIT strives to be Canada's friendliest community provider and the first choice in multi-family communities to work, invest, and call home with our Boardwalk Family Forever.
BEI.UN
CA$62.40
7D
0.6%
1Y
-7.9%
Flagship Communities Real Estate Investment Trust
Market Cap: CA$623.0m
An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.
MHC.UN
CA$24.94
7D
-1.1%
1Y
10.7%
Killam Apartment REIT
Market Cap: CA$2.0b
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.6 billion portfolio of apartments and manufactured home communities.
KMP.UN
CA$16.15
7D
-0.4%
1Y
-8.0%
Ravelin Properties REIT
Market Cap: CA$26.6m
An open-ended real estate investment trust based in Ontario, Canada.
RPR.UN
CA$0.29
7D
-9.4%
1Y
-27.5%
Flagship Communities Real Estate Investment Trust
Market Cap: US$623.0m
An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.
MHC.U
US$17.90
7D
-0.6%
1Y
12.9%
Canadian Net Real Estate Investment Trust
Market Cap: CA$116.4m
Canadian Net is an active Trust operating in the Canadian commercial real estate market.
NET.UN
CA$5.65
7D
1.6%
1Y
6.4%
Nexus Industrial REIT
Market Cap: CA$742.2m
Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.
NXR.UN
CA$7.65
7D
1.2%
1Y
-2.3%
First Capital Real Estate Investment Trust
Market Cap: CA$4.0b
First Capital Real Estate Investment Trust, with $9.2 billion in assets, owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.
FCR.UN
CA$18.86
7D
0.1%
1Y
8.8%
Choice Properties Real Estate Investment Trust
Market Cap: CA$10.6b
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through places where people thrive.
CHP.UN
CA$14.65
7D
0.3%
1Y
6.9%
True North Commercial Real Estate Investment Trust
Market Cap: CA$128.4m
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.
TNT.UN
CA$8.92
7D
-0.1%
1Y
-15.5%
Plaza Retail REIT
Market Cap: CA$470.9m
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.
PLZ.UN
CA$4.22
7D
1.9%
1Y
17.2%
BTB Real Estate Investment Trust
Market Cap: CA$351.4m
BTB is a real estate investment trust listed on the Toronto Stock Exchange.
BTB.UN
CA$3.95
7D
1.0%
1Y
16.2%
SmartCentres Real Estate Investment Trust
Market Cap: CA$4.9b
SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 197 strategically located properties in communities across the country.
SRU.UN
CA$25.51
7D
1.3%
1Y
1.5%
R&R Real Estate Investment Trust
Market Cap: CA$31.4m
R&R REIT is an unincorporated, open-ended real estate investment trust established pursuant to the Declaration of Trust (“DOT”) dated July 16, 2014, and is governed by the laws of the province of Ontario.
RRR.UN
CA$0.11
7D
0%
1Y
-26.7%
CT Real Estate Investment Trust
Market Cap: CA$3.8b
CT REIT is an unincorporated, closed-end real estate investment trust established on July 15, 2013 pursuant to a declaration of trust as amended and restated as of October 22, 2013 and as further amended and restated as of April 5, 2020 and as may be further amended from time to time ("Declaration of Trust").
CRT.UN
CA$15.90
7D
0.4%
1Y
7.7%
GO Residential Real Estate Investment Trust
Market Cap: US$611.2m
A newly created, internally managed, open ended real estate investment trust established under, and governed by, the laws of the Province of Ontario.
GO.U
US$11.10
7D
-1.3%
1Y
n/a
Firm Capital Apartment Real Estate Investment Trust
Market Cap: CA$30.4m
Firm Capital Apartment Real Estate Investment Trust (the “Trust”) is a U.S.
FCA.UN
CA$4.00
7D
-9.1%
1Y
-21.7%
Morguard Real Estate Investment Trust
Market Cap: CA$406.3m
The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 retail, office and industrial income producing properties in Canada with a book value of $2.2 billion and approximately 8.1 million square feet of leasable space
MRT.UN
CA$6.15
7D
2.5%
1Y
11.8%
H&R Real Estate Investment Trust
Market Cap: CA$2.8b
H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $9.6 billion as at September 30, 2025.
HR.UN
CA$10.08
7D
1.5%
1Y
4.8%
Crombie Real Estate Investment Trust
Market Cap: CA$2.8b
Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow.
CRR.UN
CA$15.15
7D
0.3%
1Y
8.5%
Firm Capital Property Trust
Market Cap: CA$221.2m
Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.
FCD.UN
CA$5.99
7D
0.3%
1Y
4.4%
Pro Real Estate Investment Trust
Market Cap: CA$426.0m
Founded in 2013, PROREIT (TSX: PRV.UN) is an unincorporated open-ended real estate investment trust focused on owning and operating a portfolio of high-quality light industrial properties in Canada.
PRV.UN
CA$6.35
7D
2.1%
1Y
20.5%
Dream Industrial Real Estate Investment Trust
Market Cap: CA$3.5b
Dream Industrial REIT is an owner, manager and operator of a global portfolio of well-located, diversified industrial properties.
DIR.UN
CA$12.08
7D
1.6%
1Y
0%
Automotive Properties Real Estate Investment Trust
Market Cap: CA$596.7m
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States.
APR.UN
CA$10.83
7D
-0.5%
1Y
-0.4%