Canadian REIT sector facts
Residential Canadian REITs
As of October 28, 2026, REIT Stack covers 7 active residential Canadian REITs, led by Canadian Apartment Properties REIT (CAR.UN), Boardwalk REIT (BEI.UN), Killam Apartment REIT (KMP.UN). The sector metrics show $13.2B in combined market capitalization, a 4.15% median Distribution Yield, and a 0.66x median Price / Reported NAV. 6 constituents screen below 1.00x Price / Reported NAV.
- Constituents
- 7
- Combined Market Cap
- $13.2B
- Median Distribution Yield
- 4.15%
- Median Price / Reported NAV
- 0.66x
The residential sector group is mostly apartment REITs, spanning multifamily owners with different regional footprints, rent-growth profiles, and development exposure.
The page is structured for comparing Canadian multifamily owners and regional housing landlords without exposing gated period history.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAR.UN | Canadian Apartment Properties REIT | $31.10 | $4.9B | 4.93% Market snapshot as of October 28, 2026 | 70.3% | 62.0% | $56.41 Reported NAV as of December 31, 2025 | 0.55x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| BEI.UN | Boardwalk REIT | $61.70 | $3.3B | 2.67% Market snapshot as of October 28, 2026 | 43.1% | 37.0% | $96.23 Reported NAV as of December 31, 2025 | 0.64x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| KMP.UN | Killam Apartment REIT | $17.05 | $2.1B | 4.15% Market snapshot as of October 28, 2026 | 71.0% | 60.0% | $24.99 Reported NAV as of December 31, 2025 | 0.68x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| MI.UN | Minto Apartment REIT | $17.99 | $1.1B | 2.93% Market snapshot as of August 14, 2026 | 75.2% | - | $18.64 Reported NAV as of December 31, 2025 | 0.97x Reported NAV as of December 31, 2025 | Covered | August 14, 2026 | Fact sheet |
| MRG.UN | Morguard North American Residential REIT | $14.49 | $756M | 5.37% Market snapshot as of October 28, 2026 | - | 47.4% | - Reported NAV as of December 31, 2025 | - Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| NRR.UN | Northview Residential REIT | $13.79 | $538M | 6.71% FY-close fallback as of December 31, 2025 | 73.3% | 58.8% | $25.35 Reported NAV as of December 31, 2025 | 0.54x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| HOM.UN | BSR REIT | $15.34 | $520M | 3.71% Market snapshot as of October 21, 2026 | 87.0% | - | $16.43 Reported NAV as of December 31, 2025 | 0.93x Reported NAV as of December 31, 2025 | Covered | October 21, 2026 | Fact sheet |