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Canadian (TSX) Residential REITs Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.1%
  • 3M5.3%
  • 1Y3.6%
  • YTD4.4%

The Residential REITs industry has stayed flat over the last week. The past year has been better, since the industry has gained 3.6% in that time. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026CA$18.0bCA$3.4bCA$1.3b5.2x14.1x5.3x
Thu, 08 Jan 2026CA$17.9bCA$3.4bCA$1.3b5.1x14x5.2x
Sat, 06 Dec 2025CA$17.0bCA$3.4bCA$1.3b4.7x13.2x5x
Mon, 03 Nov 2025CA$17.9bCA$3.5bCA$1.1b6.4x15.8x5.1x
Wed, 01 Oct 2025CA$18.6bCA$3.5bCA$1.1b7.3x16.9x5.3x
Fri, 29 Aug 2025CA$18.7bCA$3.4bCA$745.9m7.8x25x5.6x
Sun, 27 Jul 2025CA$20.1bCA$3.4bCA$1.0b5.5x19.3x5.9x
Tue, 24 Jun 2025CA$19.4bCA$3.4bCA$1.0b5.6x18.6x5.7x
Thu, 22 May 2025CA$18.7bCA$3.4bCA$1.0b5.2x17.9x5.5x
Sat, 19 Apr 2025CA$17.6bCA$3.4bCA$1.5b7.1x11.4x5.2x
Mon, 17 Mar 2025CA$17.7bCA$3.4bCA$1.6b7.2x11.4x5.2x
Wed, 12 Feb 2025CA$18.3bCA$3.4bCA$1.1b7.2x16.5x5.4x
Fri, 10 Jan 2025CA$18.6bCA$3.4bCA$1.1b7.5x16.8x5.5x
Sun, 08 Dec 2024CA$19.8bCA$3.4bCA$1.1b8x17.8x5.9x
Tue, 05 Nov 2024CA$19.8bCA$3.3bCA$842.1m6.5x23.5x6x
Thu, 03 Oct 2024CA$23.1bCA$3.3bCA$908.1m6.2x25.5x7x
Sat, 31 Aug 2024CA$22.1bCA$3.3bCA$908.2m5.9x24.3x6.7x
Mon, 29 Jul 2024CA$21.1bCA$3.3bCA$851.2m6.3x24.8x6.4x
Wed, 26 Jun 2024CA$19.1bCA$3.3bCA$853.2m5.6x22.4x5.8x
Fri, 24 May 2024CA$19.4bCA$3.3bCA$852.3m5.7x22.8x5.9x
Sun, 21 Apr 2024CA$18.8bCA$3.2bCA$265.3m5.3x70.9x5.8x
Tue, 19 Mar 2024CA$20.9bCA$3.2bCA$268.2m5.8x78x6.5x
Thu, 15 Feb 2024CA$20.3bCA$3.2bCA$272.8m3.7x74.3x6.4x
Sat, 13 Jan 2024CA$20.0bCA$3.1bCA$65.7m6.8x304.1x6.3x
Mon, 11 Dec 2023CA$18.2bCA$3.2bCA$64.5m6.5x282.2x5.8x
Wed, 08 Nov 2023CA$18.5bCA$3.1bCA$651.7m8.1x28.4x5.9x
Fri, 06 Oct 2023CA$18.5bCA$3.1bCA$776.0m10.4x23.8x6x
Sun, 03 Sep 2023CA$19.6bCA$3.1bCA$774.6m8.7x25.3x6.3x
Tue, 01 Aug 2023CA$20.1bCA$3.0bCA$1.0b4.3x19.6x6.7x
Thu, 29 Jun 2023CA$19.3bCA$3.0bCA$1.1b3.9x17.4x6.4x
Sat, 27 May 2023CA$19.3bCA$3.0bCA$1.1b4.4x17.2x6.4x
Mon, 24 Apr 2023CA$19.6bCA$2.9bCA$1.6b3.3x12x6.7x
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 45.7x202420252026
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 14.1x which is lower than its 3-year average PE of 45.7x.
  • The 3-year average PS ratio of 5.9x 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 6.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% 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 Market2.10%
Real Estate1.53%
Residential REITs-0.13%
Single-Family Residential REITs0.74%
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$17.821.7%
+CA$36.4m		6.3%PB0.7x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$18.511.5%
+CA$9.5m		8.1%PB0.3x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.560.9%
+CA$5.5m		30.8%PB0.6x
MHC.UN Flagship Communities Real Estate Investment TrustCA$27.130.5%
+CA$2.5m		32.3%PB0.6x
HOM.UN BSR Real Estate Investment TrustCA$17.070.1%
+CA$2.4m		-1.1%PB0.7x

Latest News

MHC.UN
CA$27.13
Flagship Communities Real Estate Investment Trust
7D
0.5%
1Y
32.3%
CAR.UN
CA$38.31
Canadian Apartment Properties Real Estate Investment Trust
7D
-0.05%
1Y
-8.0%

CAR.UN: Long Term Cash Flow And Buybacks Will Support Upside

Analysts have trimmed their fair value estimate for Canadian Apartment Properties Real Estate Investment Trust to C$51.14 from C$71.76 and now see a C$47 Street price target, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish analysts point to the updated C$47 price target as a sign that they still see upside potential relative to the revised fair value estimate of C$51.14, even after adjusting their assumptions for discount rates, revenue growth, profit margins and future P/E multiples.
HOM.UN
CA$17.07
BSR Real Estate Investment Trust
7D
0.1%
1Y
-1.1%
MI.UN
CA$17.56
Minto Apartment Real Estate Investment Trust
7D
0.9%
1Y
30.8%
NRR.UN
CA$16.90
Northview Residential REIT
7D
-0.5%
1Y
15.7%
GO.U
US$11.00
GO Residential Real Estate Investment Trust
7D
0.3%
1Y
n/a
KMP.UN
CA$17.82
Killam Apartment REIT
7D
1.7%
1Y
6.3%
MRG.UN
CA$18.51
Morguard North American Residential Real Estate Investment Trust
7D
1.5%
1Y
8.1%
BEI.UN
CA$68.00
Boardwalk Real Estate Investment Trust
7D
-1.9%
1Y
4.6%
FCA.UN
CA$4.80
Firm Capital Apartment Real Estate Investment Trust
7D
-1.8%
1Y
-5.9%