Canadian REIT public ranking
Canadian REITs with Watch or Elevated Distribution-Safety Labels
As of July 1, 2026, Canadian REITs with Watch or Elevated Distribution-Safety Labels is led by Firm Capital Property Trust (FCD.UN), Slate Grocery REIT (SGR.UN), Morguard REIT (MRT.UN). The top row is Firm Capital Property Trust (FCD.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 | FCD.UN | Firm Capital Property Trust | Elevated risk | 7.9% | 101.0% | 97.0% | 0.87x | July 1, 2026 | Fact sheet |
| 2 | SGR.UN | Slate Grocery REIT | Elevated risk | 5.3% | 111.9% | 86.2% | 1.27x | July 1, 2026 | Fact sheet |
| 3 | MRT.UN | Morguard REIT | Elevated risk | 3.6% | - | 42.9% | 0.70x | July 1, 2026 | Fact sheet |
| 4 | IIP.UN | InterRent REIT | Elevated risk | 3.0% | - | - | - | July 1, 2026 | Fact sheet |
| 5 | AP.UN | Allied Properties REIT | Watch | 15.5% | 94.7% | 70.1% | 0.33x | July 1, 2026 | Fact sheet |
| 6 | NXR.UN | Nexus Industrial REIT | Watch | 7.9% | 99.1% | - | 0.61x | July 1, 2026 | Fact sheet |
| 7 | PRV.UN | PRO REIT | Watch | 6.6% | 97.4% | - | 0.91x | July 1, 2026 | Fact sheet |