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Canadian (TSX) Residential REITs Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies10
  • 7D2.6%
  • 3M1.8%
  • 1Y-7.7%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has risen 2.6%, driven by gains from Canadian Apartment Properties Real Estate Investment Trust of 2.7%. However, the industry is down 7.7% over the past year. As for the next few years, earnings are expected to grow by 52% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026CA$16.6bCA$3.1bCA$811.5m210.7x20.5x5.3x
Fri, 05 Jun 2026CA$15.9bCA$3.1bCA$811.7m208.2x19.6x5.1x
Sun, 03 May 2026CA$16.5bCA$3.1bCA$1.4b22.5x12.1x5.3x
Tue, 31 Mar 2026CA$16.2bCA$3.2bCA$1.3b21.7x12.9x5.1x
Thu, 26 Feb 2026CA$16.9bCA$3.2bCA$701.3m12.6x24.2x5.3x
Sat, 24 Jan 2026CA$17.4bCA$3.3bCA$1.2b6.8x15.1x5.3x
Mon, 22 Dec 2025CA$16.5bCA$3.3bCA$1.2b5.7x14.3x5x
Wed, 19 Nov 2025CA$16.9bCA$3.3bCA$1.1b6.6x15.7x5.1x
Fri, 17 Oct 2025CA$17.6bCA$3.4bCA$964.0m7.9x18.3x5.2x
Sun, 14 Sep 2025CA$18.8bCA$3.4bCA$967.6m8x19.4x5.5x
Tue, 12 Aug 2025CA$18.4bCA$3.2bCA$650.8m8.5x28.3x5.7x
Thu, 10 Jul 2025CA$18.8bCA$3.3bCA$900.0m5.7x20.9x5.8x
Sat, 07 Jun 2025CA$18.9bCA$3.3bCA$905.4m5.8x20.9x5.8x
Mon, 05 May 2025CA$17.8bCA$3.3bCA$1.4b8.6x12.5x5.4x
Wed, 02 Apr 2025CA$18.2bCA$3.3bCA$1.4b8.5x12.9x5.5x
Fri, 28 Feb 2025CA$17.4bCA$3.3bCA$1.1b13x16.1x5.3x
Sun, 26 Jan 2025CA$15.5bCA$3.3bCA$995.3m7.9x15.6x4.8x
Tue, 24 Dec 2024CA$18.6bCA$3.3bCA$995.4m7.9x18.6x5.7x
Thu, 21 Nov 2024CA$19.2bCA$3.2bCA$1.0b8.5x19.2x5.9x
Sat, 19 Oct 2024CA$21.3bCA$3.2bCA$790.9m6.2x26.9x6.6x
Mon, 16 Sep 2024CA$23.3bCA$3.2bCA$795.6m6.4x29.3x7.3x
Wed, 14 Aug 2024CA$20.5bCA$3.2bCA$717.4m5.8x28.6x6.4x
Fri, 12 Jul 2024CA$19.4bCA$3.2bCA$772.0m6.9x25.1x6.1x
Sun, 09 Jun 2024CA$18.7bCA$3.2bCA$769.5m6.7x24.3x5.9x
Tue, 07 May 2024CA$18.9bCA$3.1bCA$363.4m7.6x52x6x
Thu, 04 Apr 2024CA$19.3bCA$3.1bCA$180.8m6.6x106.9x6.2x
Sat, 02 Mar 2024CA$20.1bCA$3.1bCA$296.7m7.1x67.6x6.4x
Mon, 29 Jan 2024CA$19.6bCA$3.1b-CA$22,209,569.007.8x-882.2x6.4x
Wed, 27 Dec 2023CA$19.6bCA$3.1b-CA$18,960,688.007.6x-1035.9x6.4x
Fri, 24 Nov 2023CA$17.9bCA$3.1b-CA$30,798,140.006.9x-581.3x5.8x
Sun, 22 Oct 2023CA$17.4bCA$3.0bCA$704.5m22.2x24.7x5.8x
Tue, 19 Sep 2023CA$19.6bCA$3.0bCA$706.7m24.5x27.7x6.5x
Thu, 17 Aug 2023CA$19.1bCA$3.0bCA$704.0m11x27.1x6.4x
Sat, 15 Jul 2023CA$19.9bCA$2.9bCA$1.0b4.1x19.3x6.8x
Price to Earnings Ratio

19.3x


Total Market Cap: CA$19.9bTotal Earnings: CA$1.0bTotal Revenue: CA$2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -46.7x202420252026
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 20.5x which is higher than its 3-year average PE of -46.7x.
  • The industry is trading close to its 3-year average PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 7.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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 Market0.95%
Real Estate2.46%
REITS1.65%
Residential REITs2.58%
Office REITs5.12%
Industrial REITs3.55%
Healthcare REITs2.54%
Retail REITs1.78%
Diversified REITs1.65%
Hotel and Resort REITs0.0024%
Specialized REITs-0.81%
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$35.812.7%
+CA$143.8m		-19.0%PB0.7x
BEI.UN Boardwalk Real Estate Investment TrustCA$67.113.6%
+CA$112.7m		-3.7%PB0.7x
IIP.UN InterRent Real Estate Investment TrustCA$13.494.1%
+CA$74.1m		1.0%PB0.8x
KMP.UN Killam Apartment REITCA$18.861.7%
+CA$37.9m		-1.3%PB0.7x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$17.373.1%
+CA$18.2m		-5.8%PB0.3x

Latest News

HOM.UN
CA$17.13
BSR Real Estate Investment Trust
7D
2.3%
1Y
-5.9%
IIP.UN
CA$13.49
InterRent Real Estate Investment Trust
7D
4.1%
1Y
1.0%
BEI.UN
CA$67.11
Boardwalk Real Estate Investment Trust
7D
3.6%
1Y
-3.7%
CAR.UN
CA$35.81
Canadian Apartment Properties Real Estate Investment Trust
7D
2.7%
1Y
-19.0%
KMP.UN
CA$18.86
Killam Apartment REIT
7D
1.7%
1Y
-1.3%
MRG.UN
CA$17.37
Morguard North American Residential Real Estate Investment Trust
7D
3.1%
1Y
-5.8%
GO.U
US$9.40
GO Residential Real Estate Investment Trust
7D
-1.8%
1Y
n/a
NRR.UN
CA$16.56
Northview Residential REIT
7D
-0.7%
1Y
1.6%
MI.UN
CA$17.75
Minto Apartment Real Estate Investment Trust
7D
1.7%
1Y
22.4%