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Canadian (TSX) Residential REITs Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.9%
  • 3M-3.3%
  • 1Y-18.0%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has dropped 1.6%, driven by Canadian Apartment Properties Real Estate Investment Trust declining 2.2%. Overall the industry is down 18% in 12 months. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025CA$18.5bCA$3.4bCA$966.7m7.8x19.2x5.5x
Sat, 23 Aug 2025CA$18.1bCA$3.2bCA$613.4m9.1x29.6x5.6x
Mon, 21 Jul 2025CA$17.2bCA$3.3bCA$900.9m5.6x19x5.3x
Wed, 18 Jun 2025CA$18.8bCA$3.3bCA$905.0m5.7x20.7x5.8x
Fri, 16 May 2025CA$17.5bCA$3.3bCA$920.0m5.4x19x5.3x
Sun, 13 Apr 2025CA$16.5bCA$3.3bCA$1.4b7.6x11.8x5x
Tue, 11 Mar 2025CA$17.8bCA$3.3bCA$1.4b13.5x12.7x5.4x
Thu, 06 Feb 2025CA$17.3bCA$3.3bCA$996.6m8x17.3x5.3x
Sat, 04 Jan 2025CA$18.3bCA$3.3bCA$994.5m8.2x18.4x5.6x
Mon, 02 Dec 2024CA$19.6bCA$3.2bCA$1.0b8.6x19.6x6.1x
Wed, 30 Oct 2024CA$20.4bCA$3.2bCA$788.7m5.9x25.9x6.4x
Fri, 27 Sep 2024CA$22.6bCA$3.2bCA$798.1m6.6x28.3x7.1x
Sun, 25 Aug 2024CA$20.8bCA$3.2bCA$797.5m6x26.1x6.5x
Tue, 23 Jul 2024CA$20.1bCA$3.2bCA$769.7m7.2x26.1x6.3x
Thu, 20 Jun 2024CA$18.2bCA$3.2bCA$770.3m6.5x23.6x5.7x
Sat, 18 May 2024CA$19.2bCA$3.2bCA$772.5m6.9x24.9x6.1x
Mon, 15 Apr 2024CA$18.7bCA$3.1bCA$175.0m6.5x107.1x6x
Wed, 13 Mar 2024CA$20.6bCA$3.1bCA$252.5m7.1x81.5x6.6x
Fri, 09 Feb 2024CA$19.9bCA$3.1b-CA$12,527,947.267x-1591.5x6.5x
Sun, 07 Jan 2024CA$19.4bCA$3.1b-CA$21,169,284.007.5x-914.6x6.3x
Tue, 05 Dec 2023CA$18.6bCA$3.1b-CA$24,717,122.007.1x-753.4x6.1x
Thu, 02 Nov 2023CA$16.8bCA$3.0bCA$672.9m9.9x25x5.6x
Sat, 30 Sep 2023CA$18.2bCA$3.0bCA$706.6m22.9x25.8x6.1x
Mon, 28 Aug 2023CA$18.9bCA$3.0bCA$703.7m11x26.8x6.3x
Wed, 26 Jul 2023CA$20.1bCA$2.9bCA$1.0b4.3x19.5x6.9x
Fri, 23 Jun 2023CA$18.6bCA$2.9bCA$1.0b4.2x18.1x6.4x
Sun, 21 May 2023CA$19.1bCA$2.9bCA$1.0b4.5x18.3x6.5x
Tue, 18 Apr 2023CA$19.0bCA$2.9bCA$1.5b3.5x12.5x6.5x
Thu, 16 Mar 2023CA$19.5bCA$3.0bCA$1.7b3.1x11.8x6.5x
Sat, 11 Feb 2023CA$20.3bCA$2.9bCA$3.1b2.4x6.5x7x
Mon, 09 Jan 2023CA$18.1bCA$2.9bCA$3.1b2.2x5.8x6.2x
Wed, 07 Dec 2022CA$17.9bCA$2.9bCA$3.1b2.4x5.7x6.1x
Fri, 04 Nov 2022CA$17.2bCA$2.8bCA$3.6b2.4x4.7x6.2x
Sun, 02 Oct 2022CA$17.2bCA$2.8bCA$3.7b2.5x4.7x6.2x
Price to Earnings Ratio

4.7x


Total Market Cap: CA$17.2bTotal Earnings: CA$3.7bTotal Revenue: CA$2.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -48.9x202320242025
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 19.1x which is higher than its 3-year average PE of -48.9x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 36% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.6% 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 Market1.43%
Real Estate-1.64%
REITS-2.73%
Residential REITs-1.91%
Office REITs4.06%
Industrial REITs0.52%
Retail REITs-0.59%
Specialized REITs-0.78%
Healthcare REITs-0.97%
Diversified REITs-2.73%
Hotel and Resort REITs-3.28%
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
DRR.UN Dream Residential Real Estate Investment TrustCA$14.751.3%
+CA$3.0m		51.7%PB0.7x

Latest News

DRR.UN
CA$14.75
Dream Residential Real Estate Investment Trust
7D
1.3%
1Y
51.7%
GO.U
US$11.96
GO Residential Real Estate Investment Trust
7D
-2.4%
1Y
n/a
KMP.UN
CA$17.80
Killam Apartment REIT
7D
-0.6%
1Y
-15.4%
MI.UN
CA$13.62
Minto Apartment Real Estate Investment Trust
7D
-1.2%
1Y
-19.6%
MRG.UN
CA$18.26
Morguard North American Residential Real Estate Investment Trust
7D
-1.0%
1Y
-5.1%
HOM.UN
CA$17.83
BSR Real Estate Investment Trust
7D
-1.6%
1Y
-6.7%
ERE.UN
CA$2.43
European Residential Real Estate Investment Trust
7D
-2.8%
1Y
-25.7%
CAR.UN
CA$40.72
Canadian Apartment Properties Real Estate Investment Trust
7D
-2.6%
1Y
-25.7%
BEI.UN
CA$69.60
Boardwalk Real Estate Investment Trust
7D
-2.9%
1Y
-19.3%