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Canadian (TSX) Residential REITs Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies11
  • 7D0.3%
  • 3M2.0%
  • 1Y-8.2%
  • YTD-0.2%

The Residential REITs industry has stayed flat over the last week. Unfortunately though, the industry is down 9.1% over the past 12 months. As for the next few years, earnings are expected to grow by 40% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026CA$16.9bCA$3.3bCA$992.7m54.2x17x5.2x
Sat, 23 May 2026CA$16.8bCA$3.2bCA$987.6m53.7x17x5.2x
Mon, 20 Apr 2026CA$17.8bCA$3.3bCA$1.4b16.6x12.6x5.4x
Wed, 18 Mar 2026CA$17.1bCA$3.4bCA$608.7m16.1x28.1x5.1x
Fri, 13 Feb 2026CA$17.9bCA$3.4bCA$1.3b6.3x14.2x5.3x
Sun, 11 Jan 2026CA$18.2bCA$3.4bCA$1.3b5.1x14.2x5.3x
Tue, 09 Dec 2025CA$16.8bCA$3.4bCA$1.3b4.7x13.1x4.9x
Thu, 06 Nov 2025CA$17.6bCA$3.5bCA$1.1b6.2x15.5x5x
Sat, 04 Oct 2025CA$18.6bCA$3.5bCA$1.1b7.3x17x5.3x
Mon, 01 Sep 2025CA$19.4bCA$3.5bCA$1.1b7.4x17.6x5.5x
Wed, 30 Jul 2025CA$20.0bCA$3.4bCA$1.0b5.5x19.1x5.9x
Fri, 27 Jun 2025CA$19.1bCA$3.4bCA$1.0b5.6x18.4x5.6x
Sun, 25 May 2025CA$18.2bCA$3.4bCA$1.0b5.2x17.4x5.4x
Tue, 22 Apr 2025CA$17.6bCA$3.4bCA$1.5b7x11.4x5.2x
Thu, 20 Mar 2025CA$18.3bCA$3.4bCA$1.6b7.2x11.8x5.4x
Sat, 15 Feb 2025CA$18.2bCA$3.4bCA$1.4b5.2x12.9x5.4x
Mon, 13 Jan 2025CA$18.2bCA$3.4bCA$1.1b7.4x16.5x5.4x
Wed, 11 Dec 2024CA$19.6bCA$3.4bCA$1.1b7.9x17.7x5.8x
Fri, 08 Nov 2024CA$19.7bCA$3.3bCA$838.5m7.4x23.6x5.9x
Sun, 06 Oct 2024CA$21.9bCA$3.3bCA$906.9m5.9x24.2x6.6x
Tue, 03 Sep 2024CA$22.3bCA$3.3bCA$908.1m5.9x24.6x6.7x
Thu, 01 Aug 2024CA$20.8bCA$3.3bCA$745.1m6.4x27.9x6.3x
Sat, 29 Jun 2024CA$19.1bCA$3.3bCA$852.8m5.6x22.4x5.8x
Mon, 27 May 2024CA$19.3bCA$3.3bCA$853.3m5.7x22.6x5.9x
Wed, 24 Apr 2024CA$19.1bCA$3.2bCA$267.1m5.5x71.7x5.9x
Fri, 22 Mar 2024CA$21.0bCA$3.2bCA$268.5m5.9x78.2x6.5x
Sun, 18 Feb 2024CA$21.0bCA$3.2bCA$229.1m5.5x91.7x6.6x
Tue, 16 Jan 2024CA$20.1bCA$3.1bCA$65.1m6.8x307.9x6.4x
Thu, 14 Dec 2023CA$20.0bCA$3.2bCA$64.7m6.6x309.7x6.4x
Sat, 11 Nov 2023CA$18.4bCA$3.1bCA$293.9m6.1x62.7x5.9x
Mon, 09 Oct 2023CA$18.7bCA$3.1bCA$776.0m10.5x24.1x6x
Wed, 06 Sep 2023CA$19.7bCA$3.1bCA$774.8m8.7x25.5x6.4x
Fri, 04 Aug 2023CA$19.9bCA$3.0bCA$890.8m4.5x22.3x6.5x
Sun, 02 Jul 2023CA$19.8bCA$3.0bCA$1.1b4.4x17.9x6.6x
Price to Earnings Ratio

17.9x


Total Market Cap: CA$19.8bTotal Earnings: CA$1.1bTotal Revenue: CA$3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average 44.7x202420252026
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 17.0x which is lower than its 3-year average PE of 44.7x.
  • The 3-year average PS ratio of 5.8x 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 3.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market-1.81%
Real Estate0.58%
Residential REITs0.31%
Single-Family Residential REITs3.68%
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
BEI.UN Boardwalk Real Estate Investment TrustCA$65.392.3%
+CA$71.2m		-5.6%PB0.6x
MHC.UN Flagship Communities Real Estate Investment TrustCA$29.313.7%
+CA$20.2m		19.7%PB0.6x
HOM.UN BSR Real Estate Investment TrustCA$17.011.3%
+CA$7.5m		-6.2%PB0.7x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.480.3%
+CA$2.2m		23.4%PB0.9x
NRR.UN Northview Residential REITCA$16.601.7%
+CA$1.1m		5.7%n/a

Latest News

GO.U
US$9.44
GO Residential Real Estate Investment Trust
7D
-3.0%
1Y
n/a
NRR.UN
CA$16.60
Northview Residential REIT
7D
1.7%
1Y
5.7%
HOM.UN
CA$17.01
BSR Real Estate Investment Trust
7D
1.3%
1Y
-6.2%
MRG.UN
CA$17.02
Morguard North American Residential Real Estate Investment Trust
7D
0.1%
1Y
-6.5%
MHC.UN
CA$29.31
Flagship Communities Real Estate Investment Trust
7D
3.7%
1Y
19.7%
KMP.UN
CA$18.54
Killam Apartment REIT
7D
-0.3%
1Y
-3.5%
CAR.UN
CA$34.73
Canadian Apartment Properties Real Estate Investment Trust
7D
-0.5%
1Y
-19.6%
MI.UN
CA$17.48
Minto Apartment Real Estate Investment Trust
7D
0.3%
1Y
23.4%
IIP.UN
CA$12.93
InterRent Real Estate Investment Trust
7D
-0.2%
1Y
-4.7%
BEI.UN
CA$65.39
Boardwalk Real Estate Investment Trust
7D
2.3%
1Y
-5.6%