Canadian REITs
What Are Canadian REITs? Canadian Real Estate Investment Trusts (REITs) own and manage a variety of real estate properties across Canada, including residential, commercial, industrial, and retail spaces. These REITs generate income by leasing out properties to tenants, benefiting from both rental income and capital appreciation.
Why Invest? Canadian REITs offer investors exposure to a stable and diverse real estate market in Canada, with the added benefit of attractive dividend yields. These REITs provide opportunities in both urban and suburban markets, with demand for real estate supported by a strong economy, population growth, and urbanization trends.
Challenges & Outlook While Canadian REITs face risks from fluctuating interest rates, regulatory changes, and market volatility, they remain resilient due to Canada's strong housing demand and growing commercial sectors. As the country’s real estate market continues to evolve, Canadian REITs provide a reliable investment option for those seeking exposure to real estate in a stable, developed market.
Canadian REITs
Updated Oct 19, 2026, 11:00 AM ET
- REITs
- 33
- Combined Mkt Cap
- $73.2B
- Snapshot Avg Yield
- 5.35%
The snapshot average uses 32 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
| Company | Ticker | Market Cap | Dividend Yield | P/FFO | 3Yr Total Return |
|---|---|---|---|---|---|
| Choice Properties REIT | CHP-U | $10.9B | 5.12% | 14.1x | +11.3% |
| Chartwell Retirement | CSH-U | $6.49B | 3.11% | 17.8x | +27.9% |
| RioCan REIT | REI-U | $6.29B | 5.53% | 13.0x | +11.7% |
| Granite REIT | GRT-U | $5.23B | 4.11% | 13.6x | +11.2% |
| First Capital REIT | FCR-U | $4.93B | 3.93% | 17.1x | +26.1% |
| Canadian Apartment Prop | CAR-U | $4.86B | 4.92% | 12.4x | -8.3% |
| SmartCentres REIT | SRU-U | $4.61B | 6.87% | 12.5x | +13.2% |
| CT REIT | CRT-U | $4.18B | 5.59% | 12.4x | +15.7% |
| Dream Industrial REIT | DIR-U | $3.76B | 5.56% | 11.8x | +6.1% |
| Boardwalk REIT | BEI-U | $3.16B | 2.94% | 13.0x | -1.4% |
| Primaris REIT | PMZ-U | $2.87B | 3.97% | 12.0x | +24.8% |
| H&R REIT | HR-U | $2.70B | 0.00% | 10.4x | +8.2% |
| Killam Apartment | KMP-U | $2.08B | 4.14% | 14.0x | +4.4% |
| Crombie REIT | CRR-U | $1.78B | 5.63% | 12.2x | +15.3% |
| Vital Infrastructure Property | VITL-U | $1.29B | 7.00% | 11.9x | +11.7% |
| Slate Grocery REIT | SGR-U | $1.06B | 0.00% | 20.3x | +27.2% |
| Allied Properties | AP-U | $1.03B | 12.81% | 5.8x | -24.3% |
| Flagship Communities | MHC-U | $0.75B | 2.31% | 19.4x | +15.8% |
| Automotive Properties | APR-U | $0.67B | 6.88% | 11.3x | +13.8% |
| Plaza Retail REIT | PLZ-U | $0.58B | 5.30% | 12.6x | +21.5% |
| Pro REIT | PRV-U | $0.58B | 6.55% | 13.8x | +25.3% |
| BSR REIT | HOM-U | $0.57B | Not reported | Not reported | Not reported |
| Morguard NA Residential | MRG-U | $0.56B | 5.45% | 8.8x | +3.0% |
| Nexus REIT | NXR-U | $0.54B | 8.67% | 9.9x | +11.0% |
| Morguard REIT | MRT-U | $0.46B | 3.38% | 11.2x | +13.5% |
| BTB REIT | BTB-U | $0.31B | 8.09% | 9.6x | +17.1% |
| Dream Office REIT | D-U | $0.26B | 6.23% | 6.6x | +3.0% |
| Firm Capital Property | FCD-U | $0.26B | 7.54% | Not reported | +20.2% |
| Canadian NET REIT | NET-U | $0.13B | 5.83% | 8.9x | +16.6% |
| True North Commercial | TNT-U | $0.11B | 9.10% | 3.7x | -10.4% |
| Northview Residential REIT | NRR-U | $0.05B | 7.84% | 7.1x | +16.3% |
| American Hotel Income | HOT-U | $0.04B | 0.00% | Not reported | -31.1% |
| Inovalis REIT | INO-U | $0.02B | 6.94% | Not reported | -35.6% |
Frequently Asked Questions
How many Canadian REITs are tracked here?
Hoya Capital's Canadian REITs table contains 33 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Canadian REITs?
The simple average dividend yield for the tracked Canadian REITs is 5.35%, using 32 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Canadian REITs?
The median reported dividend yield for Canadian REITs is 5.54% across 32 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Canadian REITs by market capitalization?
Choice Properties REIT (CHP-U) has the largest reported market capitalization in the Canadian REITs table, at $10.92 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.