Canadian REIT sector facts
Industrial Canadian REITs
As of October 28, 2026, REIT Stack covers 5 active industrial Canadian REITs, led by Granite REIT (GRT.UN), Dream Industrial REIT (DIR.UN), Nexus Industrial REIT (NXR.UN). The sector metrics show $10.4B in combined market capitalization, a 5.44% median Distribution Yield, and a 0.77x median Price / Reported NAV. 3 constituents screen below 1.00x Price / Reported NAV.
- Constituents
- 5
- Combined Market Cap
- $10.4B
- Median Distribution Yield
- 5.44%
- Median Price / Reported NAV
- 0.77x
The industrial sector combines logistics, Canadian industrial, mixed commercial, mid-bay, and secondary-market landlord exposure. Granite, Dream Industrial, Nexus Industrial, PRO REIT, and BTB REIT provide the constituent orientation for this public sector page.
The constituent table keeps industrial landlords separate from the broader diversified REIT set while using only public headline fields.
Constituent Metrics
Values in this table come from REIT Stack's publicly visible metrics: headline price, Market Cap, distribution yield, payout ratios, Reported NAV fields, and rules-based distribution-safety label.
| Ticker | Name | Price | Market Cap | Distribution Yield | AFFO Payout Ratio | FFO Payout Ratio | Reported NAV / Unit | Price / Reported NAV | Distribution Safety | As of | Facts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GRT.UN | Granite REIT | $84.30 | $5.1B | 4.13% Market snapshot as of October 28, 2026 | 66.0% | 56.0% | - Reported NAV as of December 31, 2025 | - Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| DIR.UN | Dream Industrial REIT | $12.81 | $3.8B | 5.44% Market snapshot as of October 28, 2026 | - | 64.9% | $16.60 Reported NAV as of December 31, 2025 | 0.77x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| NXR.UN | Nexus Industrial REIT | $7.20 | $700M | 4.41% Market snapshot as of October 28, 2026 | 102.4% | - | $13.22 Reported NAV as of December 31, 2025 | 0.54x Reported NAV as of December 31, 2025 | Elevated risk | October 28, 2026 | Fact sheet |
| PRV.UN | PRO REIT | $6.74 | $454M | 6.60% Market snapshot as of October 28, 2026 | 97.8% | - | $7.74 Reported NAV as of December 31, 2025 | 0.87x Reported NAV as of December 31, 2025 | Watch | October 28, 2026 | Fact sheet |
| BTB.UN | BTB REIT | $3.67 | $327M | 8.11% Market snapshot as of October 28, 2026 | 82.4% | 77.7% | - Reported NAV as of December 31, 2025 | - Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |