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Canadian (TSX) Residential REITs Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies8
  • 7D0.5%
  • 3M-1.8%
  • 1Y-12.7%
  • YTDn/a

In the last week, Residential REITs has been flat. As for the longer term, the industry has declined 13% in the last year. Looking forward, earnings are forecast to grow by 70% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026CA$12.9bCA$2.7bCA$986.7m13x13.1x4.8x
Tue, 21 Jul 2026CA$14.5bCA$2.9bCA$806.9m54.1x18x5.1x
Thu, 18 Jun 2026CA$16.3bCA$3.1bCA$811.6m206.6x20x5.2x
Sat, 16 May 2026CA$15.8bCA$3.1bCA$811.8m197.7x19.5x5.1x
Mon, 13 Apr 2026CA$16.5bCA$3.2bCA$1.3b22.1x13.2x5.2x
Wed, 11 Mar 2026CA$16.8bCA$3.2bCA$508.4m22.6x33x5.2x
Fri, 06 Feb 2026CA$17.4bCA$3.3bCA$1.2b6.8x15.1x5.3x
Sun, 04 Jan 2026CA$16.5bCA$3.3bCA$1.2b5.8x14.3x5x
Tue, 02 Dec 2025CA$16.7bCA$3.3bCA$1.2b5.7x14.5x5.1x
Thu, 30 Oct 2025CA$17.4bCA$3.4bCA$997.2m7.8x17.5x5.2x
Sat, 27 Sep 2025CA$18.1bCA$3.4bCA$966.6m7.7x18.8x5.4x
Mon, 25 Aug 2025CA$18.3bCA$3.2bCA$613.4m9.1x29.8x5.7x
Wed, 23 Jul 2025CA$19.1bCA$3.3bCA$901.4m5.6x21.2x5.9x
Fri, 20 Jun 2025CA$18.8bCA$3.3bCA$903.5m5.8x20.8x5.8x
Sun, 18 May 2025CA$18.0bCA$3.3bCA$903.2m5.5x20x5.5x
Tue, 15 Apr 2025CA$16.5bCA$3.3bCA$1.4b7.8x11.8x5x
Thu, 13 Mar 2025CA$17.6bCA$3.3bCA$1.4b13.3x12.6x5.4x
Sat, 08 Feb 2025CA$17.6bCA$3.2bCA$997.9m7.9x17.7x5.4x
Mon, 06 Jan 2025CA$18.5bCA$3.3bCA$994.5m8.2x18.6x5.7x
Wed, 04 Dec 2024CA$19.6bCA$3.2bCA$1.0b8.5x19.6x6x
Fri, 01 Nov 2024CA$20.2bCA$3.2bCA$727.6m6.9x27.8x6.3x
Sun, 29 Sep 2024CA$22.3bCA$3.2bCA$797.3m6.5x28x7x
Tue, 27 Aug 2024CA$21.6bCA$3.2bCA$797.8m6x27.1x6.7x
Thu, 25 Jul 2024CA$20.6bCA$3.2bCA$768.5m7.2x26.8x6.5x
Sat, 22 Jun 2024CA$18.3bCA$3.2bCA$770.4m6.4x23.7x5.8x
Mon, 20 May 2024CA$19.1bCA$3.2bCA$772.5m6.9x24.8x6x
Wed, 17 Apr 2024CA$18.5bCA$3.1bCA$173.8m6.4x106.5x5.9x
Fri, 15 Mar 2024CA$20.3bCA$3.1bCA$180.1m7.1x112.5x6.5x
Sun, 11 Feb 2024CA$20.2bCA$3.1b-CA$12,733,989.107.1x-1587.8x6.6x
Tue, 09 Jan 2024CA$19.4bCA$3.1b-CA$21,098,612.007.6x-917.8x6.3x
Thu, 07 Dec 2023CA$19.3bCA$3.1b-CA$25,127,261.007.3x-768x6.3x
Sat, 04 Nov 2023CA$18.4bCA$3.0bCA$581.4m10.6x31.6x6.1x
Mon, 02 Oct 2023CA$18.3bCA$3.0bCA$706.6m22.9x25.9x6.1x
Wed, 30 Aug 2023CA$19.2bCA$3.0bCA$703.5m11.2x27.3x6.4x
Price to Earnings Ratio

27.3x


Total Market Cap: CA$19.2bTotal Earnings: CA$703.5mTotal Revenue: CA$3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -46.9x202420252026
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 13.1x which is higher than its 3-year average PE of -46.9x.
  • The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have grown 12% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Canadian Residential REITs compare with similar industries?

CA Market-0.29%
Real Estate-0.97%
REITS-1.76%
Residential REITs0.46%
Hotel and Resort REITs1.26%
Specialized REITs0.74%
Healthcare REITs-0.37%
Industrial REITs-1.67%
Diversified REITs-1.76%
Office REITs-1.82%
Retail REITs-2.09%
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$34.131.1%
+CA$55.5m		-17.5%PB0.6x
BEI.UN Boardwalk Real Estate Investment TrustCA$64.900.8%
+CA$23.5m		-7.3%PB0.6x
KMP.UN Killam Apartment REITCA$18.660.2%
+CA$3.6m		3.6%PB0.7x
FCA.UN Firm Capital Apartment Real Estate Investment TrustCA$4.252.2%
+CA$684.4k		-3.4%PB0.6x

Latest News

FCA.UN
CA$4.25
Firm Capital Apartment Real Estate Investment Trust
7D
2.2%
1Y
-3.4%
NRR.UN
CA$16.27
Northview Residential REIT
7D
-0.7%
1Y
0.4%
CAR.UN
CA$34.13
Canadian Apartment Properties Real Estate Investment Trust
7D
1.1%
1Y
-17.5%
HOM.UN
CA$15.70
BSR Real Estate Investment Trust
7D
-1.4%
1Y
-11.9%
MRG.UN
CA$16.12
Morguard North American Residential Real Estate Investment Trust
7D
-1.6%
1Y
-15.3%
GO.U
US$8.54
GO Residential Real Estate Investment Trust
7D
-0.4%
1Y
-33.6%
KMP.UN
CA$18.66
Killam Apartment REIT
7D
0.2%
1Y
3.6%
BEI.UN
CA$64.90
Boardwalk Real Estate Investment Trust
7D
0.8%
1Y
-7.3%