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Canadian (TSX) Residential REITs Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies11
  • 7D1.0%
  • 3M-6.5%
  • 1Y-6.3%
  • YTDn/a

The Residential REITs is pretty flat in the last 7 days, but GO Residential Real Estate Investment Trust has stood out, gaining 4.6%. Unfortunately though, the industry is down 6.7% over the past 12 months. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026CA$16.5bCA$3.3bCA$1.2b5.8x14.3x5x
Mon, 01 Dec 2025CA$16.7bCA$3.3bCA$1.2b5.7x14.5x5.1x
Wed, 29 Oct 2025CA$17.6bCA$3.4bCA$967.6m7.9x18.2x5.2x
Fri, 26 Sep 2025CA$18.3bCA$3.4bCA$967.3m7.7x18.9x5.4x
Sun, 24 Aug 2025CA$18.3bCA$3.2bCA$613.4m9.1x29.8x5.7x
Tue, 22 Jul 2025CA$19.0bCA$3.3bCA$900.6m5.6x21.1x5.8x
Thu, 19 Jun 2025CA$18.8bCA$3.3bCA$904.0m5.7x20.8x5.8x
Sat, 17 May 2025CA$17.7bCA$3.3bCA$903.2m5.5x19.6x5.4x
Mon, 14 Apr 2025CA$16.5bCA$3.3bCA$1.4b7.6x11.8x5x
Wed, 12 Mar 2025CA$17.5bCA$3.3bCA$1.4b13.4x12.5x5.3x
Fri, 07 Feb 2025CA$17.9bCA$3.3bCA$996.9m8x17.9x5.5x
Sun, 05 Jan 2025CA$18.5bCA$3.3bCA$994.5m8.2x18.6x5.7x
Tue, 03 Dec 2024CA$19.6bCA$3.2bCA$1.0b8.6x19.6x6.1x
Thu, 31 Oct 2024CA$20.2bCA$3.2bCA$727.9m6.9x27.8x6.3x
Sat, 28 Sep 2024CA$22.6bCA$3.2bCA$797.3m6.5x28.3x7.1x
Mon, 26 Aug 2024CA$20.8bCA$3.2bCA$797.5m6x26.1x6.5x
Wed, 24 Jul 2024CA$20.7bCA$3.2bCA$769.2m7.3x26.9x6.5x
Fri, 21 Jun 2024CA$18.2bCA$3.2bCA$770.7m6.5x23.6x5.7x
Sun, 19 May 2024CA$19.1bCA$3.2bCA$772.5m6.9x24.8x6x
Tue, 16 Apr 2024CA$18.7bCA$3.1bCA$174.9m6.4x107.1x6x
Thu, 14 Mar 2024CA$20.5bCA$3.1bCA$181.3m7.1x112.8x6.6x
Sat, 10 Feb 2024CA$20.2bCA$3.1b-CA$12,755,880.627.1x-1585.1x6.6x
Mon, 08 Jan 2024CA$19.4bCA$3.1b-CA$21,169,284.007.5x-914.6x6.3x
Wed, 06 Dec 2023CA$18.7bCA$3.1b-CA$25,698,520.007.2x-728.7x6.1x
Fri, 03 Nov 2023CA$17.2bCA$3.0bCA$581.5m10.3x29.5x5.7x
Sun, 01 Oct 2023CA$18.3bCA$3.0bCA$706.6m22.9x25.9x6.1x
Tue, 29 Aug 2023CA$18.9bCA$3.0bCA$703.7m11x26.8x6.3x
Thu, 27 Jul 2023CA$20.2bCA$2.9bCA$1.0b4.3x19.5x6.9x
Sat, 24 Jun 2023CA$18.3bCA$2.9bCA$1.0b4.2x17.8x6.3x
Mon, 22 May 2023CA$19.1bCA$2.9bCA$1.0b4.5x18.3x6.5x
Wed, 19 Apr 2023CA$19.0bCA$2.9bCA$1.5b3.5x12.5x6.5x
Fri, 17 Mar 2023CA$19.4bCA$3.0bCA$1.7b3.1x11.7x6.5x
Sun, 12 Feb 2023CA$20.3bCA$2.9bCA$3.1b2.5x6.5x7x
Tue, 10 Jan 2023CA$18.4bCA$2.9bCA$3.1b2.2x5.9x6.3x
Price to Earnings Ratio

5.9x


Total Market Cap: CA$18.4bTotal 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 14.3x 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 5.0x.
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 Market0.13%
Real Estate0.12%
REITS0.65%
Residential REITs0.98%
Office REITs1.60%
Industrial REITs1.10%
Healthcare REITs0.98%
Retail REITs0.81%
Diversified REITs0.65%
Specialized REITs0.091%
Hotel and Resort REITs-3.52%
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$37.120.9%
+CA$52.9m		-14.8%PB0.7x
BEI.UN Boardwalk Real Estate Investment TrustCA$65.111.5%
+CA$47.1m		-0.3%PB0.6x
KMP.UN Killam Apartment REITCA$16.441.0%
+CA$20.6m		-5.0%PB0.6x
GO.U GO Residential Real Estate Investment TrustUS$11.452.2%
+US$8.3m		n/aPB0.4x
MI.UN Minto Apartment Real Estate Investment TrustCA$13.611.0%
+CA$5.1m		0.6%PB0.5x

Latest News

HOM.UN
CA$16.94
BSR Real Estate Investment Trust
7D
0.4%
1Y
-5.2%
GO.U
US$11.45
GO Residential Real Estate Investment Trust
7D
2.2%
1Y
n/a
ERE.UN
CA$1.18
European Residential Real Estate Investment Trust
7D
4.4%
1Y
-51.8%
BEI.UN
CA$65.11
Boardwalk Real Estate Investment Trust
7D
1.5%
1Y
-0.3%
CAR.UN
CA$37.12
Canadian Apartment Properties Real Estate Investment Trust
7D
0.9%
1Y
-14.8%

CAR.UN: Revenue And Margin Improvements Will Face Tighter Upside Expectations

Analysts have trimmed their price target on Canadian Apartment Properties Real Estate Investment Trust to roughly C$41 from about C$45, reflecting lower fair value estimates even as they highlight improving revenue growth, stronger profit margins, and a more attractive future earnings multiple. Analyst Commentary Bearish analysts have recently adjusted their models to reflect a more cautious outlook on Canadian Apartment Properties Real Estate Investment Trust, trimming price targets despite acknowledging operational improvements.
MI.UN
CA$13.61
Minto Apartment Real Estate Investment Trust
7D
1.0%
1Y
0.6%
KMP.UN
CA$16.44
Killam Apartment REIT
7D
1.0%
1Y
-5.0%
MRG.UN
CA$17.37
Morguard North American Residential Real Estate Investment Trust
7D
0.8%
1Y
-1.0%
FCA.UN
CA$3.10
Firm Capital Apartment Real Estate Investment Trust
7D
-26.9%
1Y
-38.1%
IIP.UN
CA$13.18
InterRent Real Estate Investment Trust
7D
-0.2%
1Y
27.5%