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Canadian (TSX) Residential REITs Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies11
  • 7D1.9%
  • 3M-4.8%
  • 1Y3.2%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has risen 1.9%, driven by gains from Canadian Apartment Properties Real Estate Investment Trust of 3.2%. This takes the industry's 12 month performance to a gain of 3.2%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026CA$16.5bCA$3.2bCA$1.3b22.4x13.2x5.2x
Fri, 06 Mar 2026CA$17.1bCA$3.2bCA$507.5m22.8x33.6x5.3x
Sun, 01 Feb 2026CA$17.4bCA$3.3bCA$1.2b6.8x15.1x5.3x
Tue, 30 Dec 2025CA$16.5bCA$3.3bCA$1.2b5.7x14.3x5x
Thu, 27 Nov 2025CA$16.6bCA$3.3bCA$1.2b5.7x14.4x5.1x
Sat, 25 Oct 2025CA$17.5bCA$3.4bCA$966.6m8.1x18.1x5.2x
Mon, 22 Sep 2025CA$18.6bCA$3.4bCA$968.7m7.9x19.2x5.5x
Wed, 20 Aug 2025CA$18.1bCA$3.2bCA$614.0m9x29.5x5.6x
Fri, 18 Jul 2025CA$19.0bCA$3.3bCA$900.8m5.7x21.1x5.8x
Sun, 15 Jun 2025CA$18.9bCA$3.3bCA$905.4m5.7x20.9x5.8x
Tue, 13 May 2025CA$17.8bCA$3.3bCA$921.0m5.5x19.4x5.5x
Thu, 10 Apr 2025CA$16.4bCA$3.3bCA$1.4b8x11.6x5x
Sat, 08 Mar 2025CA$17.7bCA$3.3bCA$1.4b13.5x12.6x5.4x
Mon, 03 Feb 2025CA$17.3bCA$3.3bCA$992.1m7.8x17.4x5.3x
Wed, 01 Jan 2025CA$18.3bCA$3.3bCA$995.6m8x18.4x5.6x
Fri, 29 Nov 2024CA$19.4bCA$3.2bCA$1.0b8.6x19.3x6x
Sun, 27 Oct 2024CA$20.4bCA$3.2bCA$789.0m6x25.9x6.4x
Tue, 24 Sep 2024CA$22.9bCA$3.2bCA$796.5m6.6x28.8x7.2x
Thu, 22 Aug 2024CA$20.9bCA$3.2bCA$795.8m5.8x26.3x6.5x
Sat, 20 Jul 2024CA$20.0bCA$3.2bCA$770.1m7.1x25.9x6.3x
Mon, 17 Jun 2024CA$18.4bCA$3.2bCA$769.7m6.6x23.9x5.8x
Wed, 15 May 2024CA$19.2bCA$3.2bCA$771.6m6.7x24.9x6.1x
Fri, 12 Apr 2024CA$18.8bCA$3.1bCA$177.0m6.6x106.4x6x
Sun, 10 Mar 2024CA$20.7bCA$3.1bCA$252.3m7.2x81.9x6.6x
Tue, 06 Feb 2024CA$19.5bCA$3.1b-CA$14,269,723.526.8x-1366.4x6.4x
Thu, 04 Jan 2024CA$19.3bCA$3.1b-CA$20,609,849.007.4x-934.8x6.3x
Sat, 02 Dec 2023CA$18.2bCA$3.1b-CA$24,121,467.007.1x-755.7x6x
Mon, 30 Oct 2023CA$16.8bCA$3.0bCA$672.8m9.6x25x5.6x
Wed, 27 Sep 2023CA$18.3bCA$3.0bCA$707.6m22.7x25.8x6.1x
Fri, 25 Aug 2023CA$18.8bCA$3.0bCA$704.0m10.9x26.8x6.3x
Sun, 23 Jul 2023CA$19.9bCA$2.9bCA$1.0b4.2x19.3x6.9x
Tue, 20 Jun 2023CA$18.8bCA$2.9bCA$1.0b4.4x18.2x6.5x
Thu, 18 May 2023CA$19.3bCA$2.9bCA$1.0b4.5x18.5x6.6x
Sat, 15 Apr 2023CA$19.0bCA$2.9bCA$1.5b3.4x12.5x6.5x
Price to Earnings Ratio

12.5x


Total Market Cap: CA$19.0bTotal Earnings: CA$1.5bTotal Revenue: CA$2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -46.8x202420252026
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 13.2x which is higher than its 3-year average PE of -46.8x.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 6.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.0% 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 Market1.35%
Real Estate2.54%
REITS2.31%
Residential REITs1.90%
Office REITs6.31%
Industrial REITs4.19%
Retail REITs3.07%
Diversified REITs2.31%
Healthcare REITs2.27%
Specialized REITs1.78%
Hotel and Resort REITs0.61%
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$36.633.2%
+CA$174.1m		-5.4%PB0.6x
KMP.UN Killam Apartment REITCA$16.372.6%
+CA$51.3m		3.1%PB0.7x
BEI.UN Boardwalk Real Estate Investment TrustCA$65.013.3%
+CA$47.6m		7.8%PB0.6x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$17.091.7%
+CA$10.1m		9.7%PB0.3x
IIP.UN InterRent Real Estate Investment TrustCA$13.310.4%
+CA$7.0m		33.5%PB0.8x

Latest News

GO.U
US$9.65
GO Residential Real Estate Investment Trust
7D
-1.7%
1Y
n/a
BEI.UN
CA$65.01
Boardwalk Real Estate Investment Trust
7D
3.3%
1Y
7.8%
KMP.UN
CA$16.37
Killam Apartment REIT
7D
2.6%
1Y
3.1%
CAR.UN
CA$36.63
Canadian Apartment Properties Real Estate Investment Trust
7D
3.2%
1Y
-5.4%

CAR.UN: Buybacks And Reliable Distributions Will Support Future Outperformance

Analysts have slightly reduced their price target on Canadian Apartment Properties REIT to about CA$44.90 from roughly CA$45.04, reflecting updated views on discount rate assumptions, revenue growth expectations, profit margins and future P/E levels. What's in the News Announced a March 2026 monthly distribution of $0.12917 per unit, or $1.55 on an annualized basis, payable on April 15, 2026 to unitholders of record on March 31, 2026 (Key Developments).
IIP.UN
CA$13.31
InterRent Real Estate Investment Trust
7D
0.4%
1Y
33.5%
MRG.UN
CA$17.09
Morguard North American Residential Real Estate Investment Trust
7D
1.7%
1Y
9.7%
MI.UN
CA$17.60
Minto Apartment Real Estate Investment Trust
7D
0.2%
1Y
43.7%
HOM.UN
CA$14.83
BSR Real Estate Investment Trust
7D
-3.3%
1Y
-12.7%
NRR.UN
CA$16.51
Northview Residential REIT
7D
1.0%
1Y
15.2%
ERE.UN
CA$1.16
European Residential Real Estate Investment Trust
7D
-0.9%
1Y
-50.4%
FCA.UN
CA$3.00
Firm Capital Apartment Real Estate Investment Trust
7D
-26.8%
1Y
-31.5%