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Canadian (TSX) Residential REITs Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies11
  • 7D4.8%
  • 3M-0.01%
  • 1Y0.3%
  • YTDn/a

In the last week, the Residential REITs industry is up 4.8%, with Canadian Apartment Properties Real Estate Investment Trust up 4.4%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026CA$17.2bCA$3.3bCA$1.2b6.8x15x5.3x
Sat, 06 Dec 2025CA$16.4bCA$3.3bCA$1.2b5.5x14.2x5x
Mon, 03 Nov 2025CA$17.2bCA$3.4bCA$996.8m7.9x17.3x5.1x
Wed, 01 Oct 2025CA$17.9bCA$3.4bCA$966.4m7.9x18.6x5.3x
Fri, 29 Aug 2025CA$18.2bCA$3.2bCA$616.0m9.1x29.5x5.6x
Sun, 27 Jul 2025CA$19.5bCA$3.3bCA$899.2m5.6x21.6x6x
Tue, 24 Jun 2025CA$18.8bCA$3.3bCA$901.4m5.7x20.8x5.7x
Thu, 22 May 2025CA$18.1bCA$3.3bCA$902.8m5.4x20x5.5x
Sat, 19 Apr 2025CA$17.1bCA$3.3bCA$1.4b8.1x12.2x5.2x
Mon, 17 Mar 2025CA$17.1bCA$3.3bCA$1.4b8.3x12.2x5.2x
Wed, 12 Feb 2025CA$17.8bCA$3.3bCA$997.5m7.9x17.8x5.5x
Fri, 10 Jan 2025CA$18.1bCA$3.3bCA$995.7m8.2x18.2x5.6x
Sun, 08 Dec 2024CA$19.2bCA$3.2bCA$999.1m8.6x19.2x5.9x
Tue, 05 Nov 2024CA$19.3bCA$3.2bCA$728.0m6.8x26.5x6x
Thu, 03 Oct 2024CA$22.6bCA$3.2bCA$797.4m6.5x28.4x7.1x
Sat, 31 Aug 2024CA$21.6bCA$3.2bCA$797.5m6.1x27x6.7x
Mon, 29 Jul 2024CA$20.6bCA$3.2bCA$768.2m7.3x26.9x6.5x
Wed, 26 Jun 2024CA$18.6bCA$3.2bCA$771.3m6.5x24.1x5.9x
Fri, 24 May 2024CA$18.9bCA$3.2bCA$769.9m6.7x24.6x6x
Sun, 21 Apr 2024CA$18.4bCA$3.1bCA$175.8m6.4x104.5x5.9x
Tue, 19 Mar 2024CA$20.5bCA$3.1bCA$180.1m7.2x113.7x6.6x
Thu, 15 Feb 2024CA$19.8bCA$3.1bCA$183.6m5.2x107.9x6.4x
Sat, 13 Jan 2024CA$19.6bCA$3.1b-CA$22,698,863.007.7x-864.4x6.4x
Mon, 11 Dec 2023CA$17.9bCA$3.1b-CA$25,000,292.007.4x-714.8x5.8x
Wed, 08 Nov 2023CA$18.1bCA$3.0bCA$580.3m10.2x31.1x6x
Fri, 06 Oct 2023CA$18.1bCA$3.0bCA$705.0m22.9x25.6x6x
Sun, 03 Sep 2023CA$19.3bCA$3.0bCA$704.1m11.3x27.4x6.4x
Tue, 01 Aug 2023CA$19.7bCA$2.9bCA$949.4m4.3x20.7x6.7x
Thu, 29 Jun 2023CA$18.9bCA$2.9bCA$1.0b4.3x18.3x6.5x
Sat, 27 May 2023CA$18.8bCA$2.9bCA$1.0b4.4x18x6.5x
Mon, 24 Apr 2023CA$19.1bCA$2.9bCA$1.6b3.2x12.1x6.7x
Wed, 22 Mar 2023CA$6.5bCA$1.1bCA$841.1m4.7x7.7x6.1x
Fri, 17 Feb 2023CA$20.6bCA$2.6bCA$2.8b3.3x7.2x7.8x
Sun, 15 Jan 2023CA$19.4bCA$2.9bCA$3.1b2.3x6.2x6.7x
Price to Earnings Ratio

6.2x


Total Market Cap: CA$19.4bTotal Earnings: CA$3.1bTotal Revenue: CA$2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -47.9x202420252026
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 15.0x which is higher than its 3-year average PE of -47.9x.
  • The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 28% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market1.08%
Real Estate1.86%
REITS4.26%
Residential REITs4.83%
Healthcare REITs6.46%
Diversified REITs4.26%
Industrial REITs2.32%
Specialized REITs1.82%
Office REITs1.73%
Retail REITs1.67%
Hotel and Resort REITs-9.78%
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
CAR.UN Canadian Apartment Properties Real Estate Investment TrustCA$38.504.4%
+CA$247.1m		-9.8%PB0.7x
BEI.UN Boardwalk Real Estate Investment TrustCA$67.975.4%
+CA$171.1m		8.5%PB0.7x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.4528.0%
+CA$139.9m		31.8%PB0.6x
KMP.UN Killam Apartment REITCA$17.214.9%
+CA$98.3m		1.2%PB0.6x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$18.235.0%
+CA$30.0m		4.1%PB0.3x

Latest News

HOM.UN
CA$16.78
BSR Real Estate Investment Trust
7D
-1.9%
1Y
-3.8%
BEI.UN
CA$67.97
Boardwalk Real Estate Investment Trust
7D
5.4%
1Y
8.5%
MRG.UN
CA$18.23
Morguard North American Residential Real Estate Investment Trust
7D
5.0%
1Y
4.1%
CAR.UN
CA$38.50
Canadian Apartment Properties Real Estate Investment Trust
7D
4.4%
1Y
-9.8%
ERE.UN
CA$1.16
European Residential Real Estate Investment Trust
7D
-0.9%
1Y
-52.5%
MI.UN
CA$17.45
Minto Apartment Real Estate Investment Trust
7D
28.0%
1Y
31.8%
KMP.UN
CA$17.21
Killam Apartment REIT
7D
4.9%
1Y
1.2%
GO.U
US$11.41
GO Residential Real Estate Investment Trust
7D
-2.6%
1Y
n/a
NRR.UN
CA$16.98
Northview Residential REIT
7D
5.1%
1Y
12.9%
FCA.UN
CA$3.39
Firm Capital Apartment Real Estate Investment Trust
7D
9.4%
1Y
-35.4%
IIP.UN
CA$13.26
InterRent Real Estate Investment Trust
7D
0.5%
1Y
29.7%