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Canadian (TSX) Residential REITs Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies11
  • 7D5.6%
  • 3M0.7%
  • 1Y1.1%
  • 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
Sat, 10 Jan 2026CA$17.3bCA$3.3bCA$1.2b6.8x15x5.3x
Mon, 08 Dec 2025CA$16.2bCA$3.3bCA$1.2b5.5x14x4.9x
Wed, 05 Nov 2025CA$17.1bCA$3.4bCA$996.1m7.7x17.2x5.1x
Fri, 03 Oct 2025CA$18.0bCA$3.4bCA$965.6m7.9x18.7x5.3x
Sun, 31 Aug 2025CA$18.7bCA$3.4bCA$971.1m7.8x19.3x5.5x
Tue, 29 Jul 2025CA$19.5bCA$3.3bCA$901.1m5.6x21.6x6x
Thu, 26 Jun 2025CA$18.8bCA$3.3bCA$900.3m5.6x20.8x5.7x
Sat, 24 May 2025CA$17.6bCA$3.3bCA$905.3m5.4x19.5x5.4x
Mon, 21 Apr 2025CA$17.1bCA$3.3bCA$1.4b8.1x12.2x5.2x
Wed, 19 Mar 2025CA$17.7bCA$3.3bCA$1.4b8.4x12.6x5.4x
Fri, 14 Feb 2025CA$17.5bCA$3.2bCA$1.4b6x12.9x5.4x
Sun, 12 Jan 2025CA$17.7bCA$3.3bCA$995.3m8.2x17.8x5.4x
Tue, 10 Dec 2024CA$19.6bCA$3.2bCA$998.7m8.8x19.6x6x
Thu, 07 Nov 2024CA$19.5bCA$3.2bCA$728.8m7x26.7x6x
Sat, 05 Oct 2024CA$21.8bCA$3.2bCA$795.6m6.3x27.4x6.8x
Mon, 02 Sep 2024CA$21.8bCA$3.2bCA$797.6m6.1x27.3x6.8x
Wed, 31 Jul 2024CA$20.6bCA$3.2bCA$767.6m7.3x26.8x6.5x
Fri, 28 Jun 2024CA$18.3bCA$3.2bCA$770.5m6.5x23.8x5.8x
Sun, 26 May 2024CA$18.8bCA$3.2bCA$771.3m6.7x24.3x5.9x
Tue, 23 Apr 2024CA$18.4bCA$3.1bCA$175.8m6.4x104.5x5.9x
Thu, 21 Mar 2024CA$20.5bCA$3.1bCA$181.1m7.2x113.3x6.6x
Sat, 17 Feb 2024CA$20.4bCA$3.1bCA$140.2m7.1x145.4x6.6x
Mon, 15 Jan 2024CA$19.6bCA$3.1b-CA$22,706,057.007.7x-864.4x6.4x
Wed, 13 Dec 2023CA$19.6bCA$3.1b-CA$25,671,386.007.4x-762.4x6.4x
Fri, 10 Nov 2023CA$18.0bCA$3.0bCA$558.7m7.7x32.2x5.9x
Sun, 08 Oct 2023CA$18.2bCA$3.0bCA$705.2m23.2x25.8x6.1x
Tue, 05 Sep 2023CA$19.3bCA$3.0bCA$704.1m11.3x27.4x6.4x
Thu, 03 Aug 2023CA$19.3bCA$2.9bCA$911.4m4.3x21.2x6.6x
Sat, 01 Jul 2023CA$19.3bCA$2.9bCA$1.0b4.3x18.7x6.6x
Mon, 29 May 2023CA$18.8bCA$2.9bCA$1.0b4.4x18x6.5x
Wed, 26 Apr 2023CA$19.1bCA$2.9bCA$1.6b3.3x12.1x6.7x
Fri, 24 Mar 2023CA$6.5bCA$1.1bCA$841.1m4.7x7.7x6.1x
Sun, 19 Feb 2023CA$20.8bCA$2.9bCA$2.7b3.3x7.7x7.2x
Tue, 17 Jan 2023CA$19.5bCA$2.9bCA$3.1b2.3x6.2x6.7x
Price to Earnings Ratio

6.2x


Total Market Cap: CA$19.5bTotal 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 Market1.76%
Real Estate2.79%
REITS5.10%
Residential REITs5.59%
Healthcare REITs7.44%
Diversified REITs5.10%
Office REITs3.01%
Industrial REITs2.98%
Retail REITs2.80%
Specialized REITs2.00%
Hotel and Resort REITs-7.82%
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$39.265.8%
+CA$326.4m		-5.9%PB0.7x
BEI.UN Boardwalk Real Estate Investment TrustCA$68.585.3%
+CA$170.1m		11.1%PB0.7x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.6029.3%
+CA$146.2m		35.7%PB0.6x
KMP.UN Killam Apartment REITCA$17.315.3%
+CA$105.6m		3.1%PB0.7x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$18.194.7%
+CA$28.6m		3.2%PB0.3x

Latest News

BEI.UN
CA$68.58
Boardwalk Real Estate Investment Trust
7D
5.3%
1Y
11.1%
NRR.UN
CA$17.32
Northview Residential REIT
7D
5.9%
1Y
20.0%
MRG.UN
CA$18.19
Morguard North American Residential Real Estate Investment Trust
7D
4.7%
1Y
3.2%
CAR.UN
CA$39.26
Canadian Apartment Properties Real Estate Investment Trust
7D
5.8%
1Y
-5.9%
MI.UN
CA$17.60
Minto Apartment Real Estate Investment Trust
7D
29.3%
1Y
35.7%
KMP.UN
CA$17.31
Killam Apartment REIT
7D
5.3%
1Y
3.1%
GO.U
US$11.42
GO Residential Real Estate Investment Trust
7D
-0.3%
1Y
n/a
FCA.UN
CA$4.39
Firm Capital Apartment Real Estate Investment Trust
7D
41.6%
1Y
-16.4%
IIP.UN
CA$13.35
InterRent Real Estate Investment Trust
7D
1.3%
1Y
32.8%