Canadian REIT public ranking
Canadian REITs with Watch or Elevated Distribution-Safety Labels
As of October 28, 2026, Canadian REITs with Watch or Elevated Distribution-Safety Labels is led by Allied Properties REIT (AP.UN), Slate Grocery REIT (SGR.UN), Nexus Industrial REIT (NXR.UN). The top row is Allied Properties REIT (AP.UN) at elevated, based on REIT Stack's publicly visible metrics and the ranking rule below.
Methodology
Includes active Canadian REITs whose current public distribution-safety label is Watch or Elevated.
Distribution-safety labels come from REIT Stack's distribution-safety engine, using payout, leverage, distribution-history, and yield inputs from publicly visible metrics.
Rows are sorted with Elevated labels before Watch labels, then by Distribution Yield in descending order. This is a screening view, not investment advice.
Data, not investment advice. See the methodology and disclaimer.
Ranking Metrics
Excludes REITs with Covered or Insufficient Data distribution-safety labels.
| Rank | Ticker | Name | Distribution Safety | Distribution Yield | AFFO Payout Ratio | FFO Payout Ratio | Price / Reported NAV | As of | Facts |
|---|---|---|---|---|---|---|---|---|---|
| 1 | AP.UN | Allied Properties REIT | Elevated risk | 20.93% Market snapshot as of October 28, 2026 | 99.6% | 72.2% | 0.18x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 2 | SGR.UN | Slate Grocery REIT | Elevated risk | 4.93% Market snapshot as of October 28, 2026 | 112.5% | 86.9% | 1.28x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 3 | NXR.UN | Nexus Industrial REIT | Elevated risk | 4.41% Market snapshot as of October 28, 2026 | 102.4% | - | 0.54x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 4 | MRT.UN | Morguard REIT | Elevated risk | 3.47% Market snapshot as of October 28, 2026 | - | 38.7% | 0.70x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 5 | FCD.UN | Firm Capital Property Trust | Watch | 7.44% Market snapshot as of October 28, 2026 | 100.0% | 102.0% | 0.88x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 6 | PRV.UN | PRO REIT | Watch | 6.60% Market snapshot as of October 28, 2026 | 97.8% | - | 0.87x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |
| 7 | FCR.UN | First Capital REIT | Watch | 3.92% Market snapshot as of October 28, 2026 | 97.9% | 73.5% | 1.01x Reported NAV as of December 31, 2025 | October 28, 2026 | Fact sheet |