Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Residential REITs Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies13
  • 7D-1.5%
  • 3M3.7%
  • 1Y-8.4%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has dropped 2.1%, driven by Canadian Apartment Properties Real Estate Investment Trust declining 2.8%. Overall the industry is down 7.0% in 12 months. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

Has the Canadian Residential REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025CA$18.4bCA$3.2bCA$650.6m8.6x28.3x5.7x
Tue, 08 Jul 2025CA$19.1bCA$3.3bCA$900.5m5.7x21.3x5.9x
Thu, 05 Jun 2025CA$19.0bCA$3.3bCA$905.4m5.8x21x5.8x
Sat, 03 May 2025CA$18.1bCA$3.3bCA$1.4b8.6x12.8x5.5x
Mon, 31 Mar 2025CA$18.1bCA$3.3bCA$1.4b8.4x12.9x5.5x
Wed, 26 Feb 2025CA$17.1bCA$3.3bCA$1.1b13.2x15.8x5.2x
Fri, 24 Jan 2025CA$17.1bCA$3.3bCA$995.2m7.8x17.2x5.3x
Sun, 22 Dec 2024CA$18.6bCA$3.3bCA$995.2m8x18.7x5.7x
Tue, 19 Nov 2024CA$19.2bCA$3.2bCA$1.0b8.6x19.2x5.9x
Thu, 17 Oct 2024CA$21.5bCA$3.2bCA$791.9m6.3x27.1x6.7x
Sat, 14 Sep 2024CA$22.8bCA$3.2bCA$795.6m6.4x28.6x7.1x
Mon, 12 Aug 2024CA$20.6bCA$3.2bCA$716.7m5.8x28.7x6.4x
Wed, 10 Jul 2024CA$19.3bCA$3.2bCA$771.9m6.7x25x6.1x
Fri, 07 Jun 2024CA$19.1bCA$3.2bCA$771.3m6.8x24.8x6x
Sun, 05 May 2024CA$18.7bCA$3.1bCA$363.1m7.7x51.6x6x
Tue, 02 Apr 2024CA$19.9bCA$3.1bCA$180.7m6.9x110.2x6.4x
Thu, 29 Feb 2024CA$20.5bCA$3.1bCA$168.0m5.6x121.9x6.6x
Sat, 27 Jan 2024CA$19.4bCA$3.1b-CA$22,209,569.007.8x-874.2x6.4x
Mon, 25 Dec 2023CA$19.6bCA$3.1b-CA$19,136,442.007.6x-1026.4x6.4x
Wed, 22 Nov 2023CA$18.1bCA$3.1bCA$110.0m7x164.2x5.9x
Fri, 20 Oct 2023CA$17.8bCA$3.0bCA$704.5m22.6x25.3x5.9x
Sun, 17 Sep 2023CA$19.6bCA$3.0bCA$706.5m24.5x27.7x6.5x
Tue, 15 Aug 2023CA$19.4bCA$3.0bCA$704.6m11.2x27.6x6.5x
Thu, 13 Jul 2023CA$19.8bCA$2.9bCA$1.0b4.2x19.2x6.8x
Sat, 10 Jun 2023CA$19.0bCA$2.9bCA$1.0b4.4x18.4x6.5x
Mon, 08 May 2023CA$19.2bCA$2.9bCA$1.5b5.5x13.2x6.7x
Wed, 05 Apr 2023CA$18.7bCA$2.9bCA$1.5b3.5x12.3x6.4x
Fri, 03 Mar 2023CA$20.4bCA$3.0bCA$2.0b3.3x10x6.9x
Sun, 29 Jan 2023CA$20.2bCA$2.9bCA$3.1b2.4x6.4x6.9x
Tue, 27 Dec 2022CA$17.7bCA$2.9bCA$3.1b2.3x5.6x6.1x
Thu, 24 Nov 2022CA$18.1bCA$2.9bCA$3.1b2.2x5.9x6.3x
Sat, 22 Oct 2022CA$16.9bCA$2.8bCA$3.7b2.3x4.6x6.1x
Mon, 19 Sep 2022CA$18.5bCA$2.8bCA$3.6b2.7x5.1x6.7x
Wed, 17 Aug 2022CA$19.9bCA$2.8bCA$3.6b3.4x5.5x7.2x
Price to Earnings Ratio

5.5x


Total Market Cap: CA$19.9bTotal Earnings: CA$3.6bTotal Revenue: CA$2.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -49.7x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Residential REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.7x which is higher than its 3-year average PE of -49.7x.
  • The industry is trading close to its 3-year average PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 40% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Canadian Residential REITs compare with similar industries?

CA Market1.30%
Real Estate0.82%
REITS0.12%
Residential REITs-1.49%
Industrial REITs4.76%
Retail REITs0.87%
Healthcare REITs0.84%
Specialized REITs0.72%
Office REITs0.49%
Diversified REITs0.12%
Hotel and Resort REITs-4.80%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IIP.UN InterRent Real Estate Investment TrustCA$13.230.5%
+CA$8.4m		6.1%PB0.8x
MI.UN Minto Apartment Real Estate Investment TrustCA$13.770.5%
+CA$2.6m		-13.8%PB0.5x
FCA.UN Firm Capital Apartment Real Estate Investment TrustCA$4.603.1%
+CA$1.1m		n/aPB0.5x
NRR.UN Northview Residential REITCA$16.081.5%
+CA$858.7k		-6.8%n/a

Latest News

CAR.UN
CA$42.52
Canadian Apartment Properties Real Estate Investment Trust
7D
-2.8%
1Y
-13.6%
HOM.UN
CA$16.96
BSR Real Estate Investment Trust
7D
-1.7%
1Y
-3.3%
FCA.UN
CA$4.60
Firm Capital Apartment Real Estate Investment Trust
7D
3.1%
1Y
n/a
ERE.UN
CA$2.46
European Residential Real Estate Investment Trust
7D
-2.4%
1Y
-10.5%
IIP.UN
CA$13.23
InterRent Real Estate Investment Trust
7D
0.5%
1Y
6.1%
DRR.UN
CA$12.65
Dream Residential Real Estate Investment Trust
7D
-0.8%
1Y
41.0%
KMP.UN
CA$17.82
Killam Apartment REIT
7D
-1.9%
1Y
-5.8%
BEI.UN
CA$71.28
Boardwalk Real Estate Investment Trust
7D
-0.2%
1Y
-10.6%
MRG.UN
CA$17.81
Morguard North American Residential Real Estate Investment Trust
7D
-2.0%
1Y
7.3%
MI.UN
CA$13.77
Minto Apartment Real Estate Investment Trust
7D
0.5%
1Y
-13.8%
NRR.UN
CA$16.08
Northview Residential REIT
7D
1.5%
1Y
-6.8%