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Canadian (TSX) Residential REITs Industry Analysis

UpdatedAug 13, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.8%
  • 3M4.1%
  • 1Y-8.6%
  • YTD3.7%

Over the last 7 days, the Residential REITs industry has dropped 2.9%, driven by a pullback from Canadian Apartment Properties Real Estate Investment Trust of 4.4%. In contrast, Flagship Communities Real Estate Investment Trust has gained 5.6%. However, the industry is down 8.5% over the past year. Earnings are forecast to grow by 40% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 Aug 2025CA$18.7bCA$3.4bCA$779.7m6.6x24x5.6x
Fri, 11 Jul 2025CA$19.4bCA$3.4bCA$1.0b5.7x18.7x5.7x
Sun, 08 Jun 2025CA$19.6bCA$3.4bCA$1.0b5.7x18.7x5.8x
Tue, 06 May 2025CA$18.8bCA$3.4bCA$1.6b7x12x5.5x
Thu, 03 Apr 2025CA$18.7bCA$3.4bCA$1.6b7.3x12x5.5x
Sat, 01 Mar 2025CA$17.8bCA$3.4bCA$1.2b5.9x14.9x5.2x
Mon, 27 Jan 2025CA$15.9bCA$3.4bCA$1.1b7.2x14.4x4.7x
Wed, 25 Dec 2024CA$18.9bCA$3.4bCA$1.1b7.4x17.1x5.6x
Fri, 22 Nov 2024CA$19.8bCA$3.4bCA$1.1b7.8x17.8x5.9x
Sun, 20 Oct 2024CA$21.8bCA$3.3bCA$904.2m5.9x24.1x6.6x
Tue, 17 Sep 2024CA$23.8bCA$3.3bCA$907.4m6.2x26.3x7.2x
Thu, 15 Aug 2024CA$21.2bCA$3.3bCA$829.9m5.6x25.5x6.4x
Sat, 13 Jul 2024CA$20.2bCA$3.3bCA$853.9m5.9x23.6x6.2x
Mon, 10 Jun 2024CA$19.0bCA$3.3bCA$852.0m5.7x22.3x5.8x
Wed, 08 May 2024CA$19.4bCA$3.2bCA$453.5m6.5x42.7x6x
Fri, 05 Apr 2024CA$19.5bCA$3.2bCA$268.3m5.4x72.6x6x
Sun, 03 Mar 2024CA$20.6bCA$3.2bCA$386.0m5.6x53.5x6.4x
Tue, 30 Jan 2024CA$20.2bCA$3.1bCA$67.7m5.4x297.9x6.4x
Thu, 28 Dec 2023CA$20.2bCA$3.1bCA$68.0m6.9x297x6.4x
Sat, 25 Nov 2023CA$18.3bCA$3.2bCA$60.3m5.9x303.8x5.8x
Mon, 23 Oct 2023CA$17.8bCA$3.1bCA$775.5m10x22.9x5.7x
Wed, 20 Sep 2023CA$19.7bCA$3.1bCA$777.2m11.4x25.4x6.4x
Fri, 18 Aug 2023CA$19.4bCA$3.1bCA$774.3m8.4x25.1x6.3x
Sun, 16 Jul 2023CA$20.3bCA$3.0bCA$1.1b3.9x18.3x6.8x
Tue, 13 Jun 2023CA$19.4bCA$3.0bCA$1.1b4.4x17.5x6.5x
Thu, 11 May 2023CA$19.8bCA$3.0bCA$1.6b4.4x12.3x6.6x
Sat, 08 Apr 2023CA$19.2bCA$3.0bCA$1.6b3.9x12.2x6.4x
Price to Earnings Ratio

12.1x


Total Market Cap: CA$19.1bTotal Earnings: CA$1.6bTotal Revenue: CA$3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average 51.8x20242025
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 24.3x which is lower than its 3-year average PE of 51.8x.
  • The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 21% 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 Market0.16%
Real Estate0.11%
Residential REITs-2.83%
Single-Family Residential REITs5.65%
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
MHC.UN Flagship Communities Real Estate Investment TrustCA$25.255.6%
+CA$26.2m		31.5%PB0.6x
FCA.UN Firm Capital Apartment Real Estate Investment TrustCA$4.613.4%
+CA$1.1m		n/aPB0.5x
NRR.UN Northview Residential REITCA$16.170.8%
+CA$465.1k		-5.8%n/a

Latest News

CAR.UN
CA$42.00
Canadian Apartment Properties Real Estate Investment Trust
7D
-4.4%
1Y
-15.2%
MHC.UN
CA$25.25
Flagship Communities Real Estate Investment Trust
7D
5.6%
1Y
31.5%
HOM.UN
CA$17.05
BSR Real Estate Investment Trust
7D
-1.7%
1Y
-0.6%
FCA.UN
CA$4.61
Firm Capital Apartment Real Estate Investment Trust
7D
3.4%
1Y
n/a
ERE.UN
CA$2.45
European Residential Real Estate Investment Trust
7D
-5.4%
1Y
-9.3%
DRR.UN
CA$9.30
Dream Residential Real Estate Investment Trust
7D
-24.5%
1Y
8.1%
KMP.UN
CA$17.78
Killam Apartment REIT
7D
-2.5%
1Y
-5.8%
BEI.UN
CA$70.99
Boardwalk Real Estate Investment Trust
7D
-1.3%
1Y
-12.7%
MRG.UN
CA$17.83
Morguard North American Residential Real Estate Investment Trust
7D
-1.7%
1Y
7.2%
NRR.UN
CA$16.17
Northview Residential REIT
7D
0.8%
1Y
-5.8%