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Canadian (TSX) Residential REITs Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.3%
  • 3M-0.4%
  • 1Y-6.5%
  • YTD-1.5%

Over the last 7 days, the Residential REITs industry has remained flat. Unfortunately though, the industry is down 6.5% over the past 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026CA$16.9bCA$3.4bCA$608.0m15.8x27.8x5x
Sat, 21 Feb 2026CA$17.6bCA$3.4bCA$948.6m8.5x18.6x5.2x
Mon, 19 Jan 2026CA$18.4bCA$3.4bCA$1.3b5.2x14.3x5.4x
Wed, 17 Dec 2025CA$16.8bCA$3.4bCA$1.3b4.9x13.1x4.9x
Fri, 14 Nov 2025CA$17.9bCA$3.5bCA$1.2b5.7x14.8x5.2x
Sun, 12 Oct 2025CA$18.3bCA$3.5bCA$1.1b7.3x16.7x5.2x
Tue, 09 Sep 2025CA$19.6bCA$3.5bCA$1.1b7.4x17.9x5.6x
Thu, 07 Aug 2025CA$19.6bCA$3.4bCA$938.7m5.9x20.9x5.8x
Sat, 05 Jul 2025CA$19.3bCA$3.4bCA$1.0b5.7x18.5x5.7x
Mon, 02 Jun 2025CA$19.7bCA$3.4bCA$1.0b5.7x18.8x5.8x
Wed, 30 Apr 2025CA$18.0bCA$3.4bCA$1.5b7.1x11.6x5.3x
Fri, 28 Mar 2025CA$18.6bCA$3.4bCA$1.6b7.4x11.9x5.4x
Sun, 23 Feb 2025CA$17.8bCA$3.4bCA$1.3b5.9x13.4x5.2x
Tue, 21 Jan 2025CA$17.8bCA$3.4bCA$1.1b7.2x16.1x5.3x
Thu, 19 Dec 2024CA$19.4bCA$3.4bCA$1.1b7.5x17.6x5.8x
Sat, 16 Nov 2024CA$19.8bCA$3.4bCA$1.1b7.8x17.9x5.9x
Mon, 14 Oct 2024CA$21.7bCA$3.3bCA$905.0m5.8x24x6.5x
Wed, 11 Sep 2024CA$22.6bCA$3.3bCA$906.9m5.7x24.9x6.8x
Fri, 09 Aug 2024CA$20.8bCA$3.3bCA$810.9m5.7x25.6x6.3x
Sun, 07 Jul 2024CA$19.5bCA$3.3bCA$853.8m5.6x22.8x6x
Tue, 04 Jun 2024CA$19.2bCA$3.3bCA$853.8m5.7x22.4x5.9x
Thu, 02 May 2024CA$18.8bCA$3.2bCA$260.6m5.3x72.2x5.8x
Sat, 30 Mar 2024CA$20.4bCA$3.2bCA$269.3m5.8x75.8x6.3x
Mon, 26 Feb 2024CA$21.1bCA$3.2bCA$259.4m4.5x81.2x6.6x
Wed, 24 Jan 2024CA$20.2bCA$3.1bCA$66.0m7x305.5x6.4x
Fri, 22 Dec 2023CA$19.6bCA$3.1bCA$67.8m6.3x288.9x6.2x
Sun, 19 Nov 2023CA$18.4bCA$3.2bCA$200.3m6x91.9x5.8x
Tue, 17 Oct 2023CA$18.9bCA$3.1bCA$776.8m10.6x24.3x6.1x
Thu, 14 Sep 2023CA$19.7bCA$3.1bCA$775.5m8.7x25.4x6.4x
Sat, 12 Aug 2023CA$19.9bCA$3.1bCA$774.2m8.6x25.7x6.4x
Mon, 10 Jul 2023CA$19.6bCA$3.0bCA$1.1b4.4x17.7x6.5x
Wed, 07 Jun 2023CA$19.7bCA$3.0bCA$1.1b4.3x17.8x6.6x
Fri, 05 May 2023CA$19.3bCA$3.0bCA$1.5b5.7x13x6.5x
Sun, 02 Apr 2023CA$19.3bCA$3.0bCA$1.6b3.9x12.2x6.5x
Price to Earnings Ratio

12.2x


Total Market Cap: CA$19.3bTotal Earnings: CA$1.6bTotal Revenue: CA$3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average 44.8x202420252026
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 27.8x which is lower than its 3-year average PE of 44.8x.
  • The 3-year average PS ratio of 5.9x 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 27% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% 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 Market0.31%
Real Estate-1.66%
Residential REITs-0.27%
Single-Family Residential REITs-1.69%
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
KMP.UN Killam Apartment REITCA$16.250.9%
+CA$17.1m		-5.7%PB0.6x
GO.U GO Residential Real Estate Investment TrustUS$9.911.6%
+US$5.3m		n/aPB0.4x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.540.6%
+CA$4.0m		30.9%PB0.8x
CAR.UN Canadian Apartment Properties Real Estate Investment TrustCA$36.000.06%
+CA$3.1m		-15.5%PB0.6x
IIP.UN InterRent Real Estate Investment TrustCA$13.270.08%
+CA$1.4m		18.3%PB0.8x

Latest News

MRG.UN
CA$16.78
Morguard North American Residential Real Estate Investment Trust
7D
-1.3%
1Y
-3.6%
MI.UN
CA$17.54
Minto Apartment Real Estate Investment Trust
7D
0.6%
1Y
30.9%
KMP.UN
CA$16.25
Killam Apartment REIT
7D
0.9%
1Y
-5.7%
GO.U
US$9.91
GO Residential Real Estate Investment Trust
7D
1.6%
1Y
n/a
BEI.UN
CA$63.83
Boardwalk Real Estate Investment Trust
7D
-1.1%
1Y
-2.5%
HOM.UN
CA$15.02
BSR Real Estate Investment Trust
7D
-4.5%
1Y
-19.3%
CAR.UN
CA$36.00
Canadian Apartment Properties Real Estate Investment Trust
7D
0.06%
1Y
-15.5%
NRR.UN
CA$16.29
Northview Residential REIT
7D
-1.3%
1Y
9.3%
MHC.UN
CA$26.10
Flagship Communities Real Estate Investment Trust
7D
-1.7%
1Y
5.7%
IIP.UN
CA$13.27
InterRent Real Estate Investment Trust
7D
0.08%
1Y
18.3%
ERE.UN
CA$1.17
European Residential Real Estate Investment Trust
7D
0.9%
1Y
-53.8%