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Canadian (TSX) Residential REITs Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.7%
  • 3M1.1%
  • 1Y-10.8%
  • YTD-2.2%

In the last week, Residential REITs has been flat. Unfortunately though, the industry is down 11% over the past 12 months. Looking forward, earnings are forecast to grow by 58% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026CA$13.8bCA$2.9bCA$1.1b6x12.6x4.8x
Tue, 07 Jul 2026CA$17.4bCA$3.3bCA$992.4m55.6x17.6x5.3x
Thu, 04 Jun 2026CA$16.7bCA$3.2bCA$988.7m52.7x16.9x5.1x
Sat, 02 May 2026CA$17.4bCA$3.3bCA$1.4b16.4x12.4x5.3x
Mon, 30 Mar 2026CA$16.9bCA$3.3bCA$1.4b15.4x11.9x5.1x
Wed, 25 Feb 2026CA$17.7bCA$3.4bCA$831.9m8.5x21.3x5.3x
Fri, 23 Jan 2026CA$18.0bCA$3.4bCA$1.3b5.2x14.1x5.3x
Sun, 21 Dec 2025CA$17.2bCA$3.4bCA$1.3b4.9x13.4x5x
Tue, 18 Nov 2025CA$17.9bCA$3.5bCA$1.2b5.7x14.8x5.2x
Thu, 16 Oct 2025CA$18.3bCA$3.5bCA$1.1b7.3x16.6x5.2x
Sat, 13 Sep 2025CA$19.3bCA$3.5bCA$1.1b7.5x17.6x5.5x
Mon, 11 Aug 2025CA$19.0bCA$3.4bCA$780.6m6.6x24.4x5.7x
Wed, 09 Jul 2025CA$19.6bCA$3.4bCA$1.0b5.7x18.8x5.8x
Fri, 06 Jun 2025CA$19.5bCA$3.4bCA$1.0b5.7x18.7x5.8x
Sun, 04 May 2025CA$18.8bCA$3.4bCA$1.6b7.1x12x5.5x
Tue, 01 Apr 2025CA$18.7bCA$3.4bCA$1.6b7.3x12.1x5.5x
Thu, 27 Feb 2025CA$17.8bCA$3.4bCA$1.2b5.9x15x5.2x
Sat, 25 Jan 2025CA$17.6bCA$3.4bCA$1.1b7.2x15.9x5.2x
Mon, 23 Dec 2024CA$19.1bCA$3.4bCA$1.1b7.5x17.3x5.7x
Wed, 20 Nov 2024CA$19.9bCA$3.4bCA$1.1b7.9x17.9x5.9x
Fri, 18 Oct 2024CA$22.0bCA$3.3bCA$904.2m5.8x24.3x6.6x
Sun, 15 Sep 2024CA$23.8bCA$3.3bCA$907.2m6.2x26.3x7.2x
Tue, 13 Aug 2024CA$21.1bCA$3.3bCA$829.3m5.7x25.4x6.4x
Thu, 11 Jul 2024CA$19.8bCA$3.3bCA$853.9m5.7x23.2x6.1x
Sat, 08 Jun 2024CA$19.6bCA$3.3bCA$852.2m5.7x23x6x
Mon, 06 May 2024CA$19.3bCA$3.2bCA$452.1m6.5x42.6x6x
Wed, 03 Apr 2024CA$20.2bCA$3.2bCA$268.8m5.6x75.1x6.3x
Fri, 01 Mar 2024CA$20.6bCA$3.2bCA$257.9m4.7x80x6.4x
Sun, 28 Jan 2024CA$20.1bCA$3.1bCA$66.4m6.9x302x6.4x
Tue, 26 Dec 2023CA$20.1bCA$3.1bCA$68.2m6.9x294.5x6.4x
Thu, 23 Nov 2023CA$18.4bCA$3.2bCA$200.4m5.8x91.9x5.8x
Sat, 21 Oct 2023CA$17.8bCA$3.1bCA$775.6m10x23x5.8x
Mon, 18 Sep 2023CA$20.0bCA$3.1bCA$776.6m11.6x25.8x6.5x
Wed, 16 Aug 2023CA$19.7bCA$3.1bCA$774.2m8.5x25.5x6.4x
Price to Earnings Ratio

25.5x


Total Market Cap: CA$19.7bTotal Earnings: CA$774.2mTotal Revenue: CA$3.1bTotal 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 12.6x which is lower than its 3-year average PE of 44.7x.
  • The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have grown 12% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

CA Market2.38%
Real Estate-0.97%
Residential REITs-0.70%
Single-Family Residential REITs-4.13%
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$18.871.5%
+CA$22.4m		5.9%PB0.7x
HOM.UN BSR Real Estate Investment TrustCA$17.091.9%
+CA$10.9m		0.8%PB0.7x
GO.U GO Residential Real Estate Investment TrustUS$9.801.6%
+US$5.6m		-23.1%PB0.3x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$16.390.9%
+CA$4.9m		-8.0%PB0.3x
NRR.UN Northview Residential REITCA$16.702.0%
+CA$1.2m		3.9%n/a

Latest News

MHC.UN
CA$28.76
Flagship Communities Real Estate Investment Trust
7D
-4.1%
1Y
15.0%
CAR.UN
CA$34.25
Canadian Apartment Properties Real Estate Investment Trust
7D
-1.2%
1Y
-19.4%
KMP.UN
CA$18.87
Killam Apartment REIT
7D
1.5%
1Y
5.9%
BEI.UN
CA$64.96
Boardwalk Real Estate Investment Trust
7D
-1.9%
1Y
-8.9%
MRG.UN
CA$16.39
Morguard North American Residential Real Estate Investment Trust
7D
0.9%
1Y
-8.0%
GO.U
US$9.80
GO Residential Real Estate Investment Trust
7D
1.6%
1Y
-23.1%
NRR.UN
CA$16.70
Northview Residential REIT
7D
2.0%
1Y
3.9%
HOM.UN
CA$17.09
BSR Real Estate Investment Trust
7D
1.9%
1Y
0.8%
FCA.UN
CA$3.00
Firm Capital Apartment Real Estate Investment Trust
7D
-27.9%
1Y
-34.8%