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Canadian (TSX) Residential REITs Industry Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.3%
  • 3M-4.9%
  • 1Y-4.1%
  • YTD-0.5%

Over the last 7 days, the Residential REITs industry has dropped 1.4%, driven by a pullback from Boardwalk Real Estate Investment Trust of 2.7%. In contrast, Killam Apartment REIT has gained 7.0%. Overall the industry is down 4.4% in 12 months. Earnings are forecast to grow by 44% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 May 2026CA$16.9bCA$3.3bCA$1.0b29.8x16.6x5.2x
Wed, 08 Apr 2026CA$17.2bCA$3.3bCA$1.4b15.8x12.1x5.2x
Fri, 06 Mar 2026CA$17.7bCA$3.4bCA$637.7m16.2x27.8x5.3x
Sun, 01 Feb 2026CA$18.1bCA$3.4bCA$1.3b5.2x14.1x5.3x
Tue, 30 Dec 2025CA$17.1bCA$3.4bCA$1.3b4.9x13.3x5x
Thu, 27 Nov 2025CA$17.2bCA$3.4bCA$1.3b4.8x13.4x5x
Sat, 25 Oct 2025CA$18.2bCA$3.5bCA$1.1b7.4x16.5x5.2x
Mon, 22 Sep 2025CA$19.2bCA$3.5bCA$1.1b7.4x17.5x5.5x
Wed, 20 Aug 2025CA$18.7bCA$3.4bCA$745.0m7.7x25.2x5.6x
Fri, 18 Jul 2025CA$19.7bCA$3.4bCA$1.0b5.6x18.9x5.8x
Sun, 15 Jun 2025CA$19.6bCA$3.4bCA$1.0b5.7x18.7x5.8x
Tue, 13 May 2025CA$18.3bCA$3.4bCA$1.1b5.4x17.1x5.4x
Thu, 10 Apr 2025CA$17.0bCA$3.4bCA$1.6b6.9x10.9x5x
Sat, 08 Mar 2025CA$18.2bCA$3.4bCA$1.5b9.8x12x5.3x
Mon, 03 Feb 2025CA$17.8bCA$3.4bCA$1.1b7.2x16.1x5.3x
Wed, 01 Jan 2025CA$18.8bCA$3.4bCA$1.1b7.4x17x5.6x
Fri, 29 Nov 2024CA$19.9bCA$3.4bCA$1.1b7.9x18x5.9x
Sun, 27 Oct 2024CA$21.0bCA$3.3bCA$903.1m5.6x23.2x6.3x
Tue, 24 Sep 2024CA$23.4bCA$3.3bCA$907.8m6.4x25.8x7.1x
Thu, 22 Aug 2024CA$21.4bCA$3.3bCA$907.4m5.5x23.6x6.5x
Sat, 20 Jul 2024CA$20.5bCA$3.3bCA$852.5m6.1x24x6.3x
Mon, 17 Jun 2024CA$18.9bCA$3.3bCA$852.2m5.5x22.1x5.8x
Wed, 15 May 2024CA$19.7bCA$3.3bCA$853.5m5.8x23.1x6x
Fri, 12 Apr 2024CA$19.3bCA$3.2bCA$266.0m5.4x72.6x6x
Sun, 10 Mar 2024CA$21.1bCA$3.2bCA$341.2m5.7x61.8x6.6x
Tue, 06 Feb 2024CA$20.0bCA$3.2bCA$74.9m5.3x266.5x6.3x
Thu, 04 Jan 2024CA$19.7bCA$3.1bCA$67.4m6.7x292.4x6.3x
Sat, 02 Dec 2023CA$18.7bCA$3.2bCA$64.8m6.1x287.9x5.9x
Mon, 30 Oct 2023CA$17.2bCA$3.1bCA$744.7m7.7x23.1x5.5x
Wed, 27 Sep 2023CA$18.7bCA$3.1bCA$777.7m10.7x24.1x6.1x
Fri, 25 Aug 2023CA$19.3bCA$3.1bCA$774.4m8.4x24.9x6.2x
Sun, 23 Jul 2023CA$20.4bCA$3.0bCA$1.1b4.4x18.4x6.8x
Tue, 20 Jun 2023CA$19.2bCA$3.0bCA$1.1b4.4x17.4x6.4x
Thu, 18 May 2023CA$19.8bCA$3.0bCA$1.1b4.6x17.7x6.6x
Price to Earnings Ratio

17.7x


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 44.8x202420252026
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 17.0x which is lower than its 3-year average PE of 44.8x.
  • The industry is trading close to its 3-year average PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 3.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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 Market1.07%
Real Estate0.45%
Residential REITs-1.33%
Single-Family Residential REITs1.04%
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$17.844.4%
+CA$92.8m		0.4%PB0.7x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$17.003.7%
+CA$21.0m		-3.7%PB0.3x
MI.UN Minto Apartment Real Estate Investment TrustCA$17.630.9%
+CA$5.9m		36.3%PB0.8x
MHC.UN Flagship Communities Real Estate Investment TrustCA$26.251.1%
+CA$5.4m		7.1%PB0.5x
IIP.UN InterRent Real Estate Investment TrustCA$13.230.2%
+CA$4.2m		18.2%PB0.8x

Latest News

CAR.UN
CA$34.96
Canadian Apartment Properties Real Estate Investment Trust
7D
-3.6%
1Y
-16.3%
BEI.UN
CA$66.07
Boardwalk Real Estate Investment Trust
7D
-2.7%
1Y
0.2%
GO.U
US$10.36
GO Residential Real Estate Investment Trust
7D
-0.9%
1Y
n/a
KMP.UN
CA$17.84
Killam Apartment REIT
7D
4.4%
1Y
0.4%
IIP.UN
CA$13.23
InterRent Real Estate Investment Trust
7D
0.2%
1Y
18.2%
MHC.UN
CA$26.25
Flagship Communities Real Estate Investment Trust
7D
1.1%
1Y
7.1%
MRG.UN
CA$17.00
Morguard North American Residential Real Estate Investment Trust
7D
3.7%
1Y
-3.7%
HOM.UN
CA$16.19
BSR Real Estate Investment Trust
7D
-0.6%
1Y
-10.3%
NRR.UN
CA$16.52
Northview Residential REIT
7D
-1.5%
1Y
7.3%
MI.UN
CA$17.63
Minto Apartment Real Estate Investment Trust
7D
0.9%
1Y
36.3%