Canadian REIT sector facts
Office Canadian REITs
As of October 28, 2026, REIT Stack covers 3 active office Canadian REITs, led by Allied Properties REIT (AP.UN), Morguard REIT (MRT.UN), Dream Office REIT (D.UN). The sector metrics show $1.5B in combined market capitalization, a 6.26% median Distribution Yield, and a 0.32x median Price / Reported NAV. 3 constituents screen below 1.00x Price / Reported NAV.
- Constituents
- 3
- Combined Market Cap
- $1.5B
- Median Distribution Yield
- 6.26%
- Median Price / Reported NAV
- 0.32x
The office sector group includes Allied Properties, Dream Office, and Morguard REIT, with different mixes of urban office, suburban office, retail, and industrial exposure.
The page keeps public valuation fields and safety labels easy to compare while leaving asset-level leasing, sources, and historical period detail on the gated REIT pages.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AP.UN | Allied Properties REIT | $5.33 | $745M | 20.93% Market snapshot as of October 28, 2026 | 99.6% | 72.2% | $29.87 Reported NAV as of December 31, 2025 | 0.18x Reported NAV as of December 31, 2025 | Elevated risk | October 28, 2026 | Fact sheet |
| MRT.UN | Morguard REIT | $6.93 | $460M | 3.47% Market snapshot as of October 28, 2026 | - | 38.7% | $9.96 Reported NAV as of December 31, 2025 | 0.70x Reported NAV as of December 31, 2025 | Elevated risk | October 28, 2026 | Fact sheet |
| D.UN | Dream Office REIT | $15.90 | $313M | 6.26% Market snapshot as of October 28, 2026 | - | - | $49.92 Reported NAV as of December 31, 2025 | 0.32x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |