Canadian REIT sector facts
Retail Canadian REITs
As of October 28, 2026, REIT Stack covers 10 active retail Canadian REITs, led by Choice Properties REIT (CHP.UN), RioCan REIT (REI.UN), First Capital REIT (FCR.UN). The sector metrics show $38.6B in combined market capitalization, a 5.42% median Distribution Yield, and a 1.02x median Price / Reported NAV. 3 constituents screen below 1.00x Price / Reported NAV.
- Constituents
- 10
- Combined Market Cap
- $38.6B
- Median Distribution Yield
- 5.42%
- Median Price / Reported NAV
- 1.02x
The retail sector covers grocery-anchored, open-air, net-lease, enclosed-mall, and mixed-use landlords. Choice Properties, RioCan, SmartCentres, First Capital, CT REIT, Crombie, Primaris, Slate Grocery, Plaza Retail, and Canadian Net REIT provide the constituent orientation for this public sector page.
The table below keeps headline public comparisons visible while deeper tenant, development, and source-detail work stays 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CHP.UN | Choice Properties REIT | $14.87 | $10.8B | 5.19% Market snapshot as of October 28, 2026 | 83.7% | 72.3% | $14.43 Reported NAV as of December 31, 2025 | 1.03x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| REI.UN | RioCan REIT | $21.20 | $6.2B | 5.44% Market snapshot as of October 28, 2026 | 80.6% | 67.7% | $24.37 Reported NAV as of December 31, 2025 | 0.87x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| FCR.UN | First Capital REIT | $22.86 | $4.9B | 3.92% Market snapshot as of October 28, 2026 | 97.9% | 73.5% | $22.57 Reported NAV as of December 31, 2025 | 1.01x Reported NAV as of December 31, 2025 | Watch | October 28, 2026 | Fact sheet |
| SRU.UN | SmartCentres REIT | $27.06 | $4.8B | 6.82% Market snapshot as of October 28, 2026 | 86.5% | - | $35.93 Reported NAV as of December 31, 2025 | 0.75x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| CRT.UN | CT REIT | $17.38 | $4.1B | 5.48% Market snapshot as of October 28, 2026 | 72.5% | 67.0% | $18.53 Reported NAV as of December 31, 2025 | 0.94x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| PMZ.UN | Primaris REIT | $22.10 | $3.0B | 3.92% Market snapshot as of October 28, 2026 | 65.9% | 50.2% | $21.21 Reported NAV as of December 31, 2025 | 1.04x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| CRR.UN | Crombie REIT | $15.88 | $3.0B | 5.60% Market snapshot as of October 28, 2026 | 77.2% | 68.3% | $9.86 Reported NAV as of December 31, 2025 | 1.61x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| SGR.UN | Slate Grocery REIT | $17.53 | $1.1B | 4.93% Market snapshot as of October 28, 2026 | 112.5% | 86.9% | $13.65 Reported NAV as of December 31, 2025 | 1.28x Reported NAV as of December 31, 2025 | Elevated risk | October 28, 2026 | Fact sheet |
| PLZ.UN | Plaza Retail REIT | $5.23 | $584M | 5.39% Market snapshot as of October 28, 2026 | 92.2% | 69.2% | $5.11 Reported NAV as of December 31, 2025 | 1.02x Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |
| NET.UN | Canadian Net REIT | $6.00 | $124M | 5.88% Market snapshot as of October 28, 2026 | 54.0% | 53.0% | - Reported NAV as of December 31, 2025 | - Reported NAV as of December 31, 2025 | Covered | October 28, 2026 | Fact sheet |