Canadian REITs

Compared with the U.S. REIT market, the Canadian REIT market is relatively undeveloped. As a result, REITs are generally not major players in Canadian commercial real estate markets, which tend to be dominated by large institutional investors such as insurance companies and pension funds. Most Canadian REITs are fairly small, and about 20 are currently in the S&P/TSX Composite Index.

Ticker SymbolCompany NameProperty SectorMarket Cap ($B)Dividend YieldPayout FrequencyPrice-to-FFODebt RatioShort Interest
CHP.UNChoice Properties REIT
Canada Retail9.415.72%Monthly13.638%0.8%
CAR.UNCAP REIT
Canada Residential8.482.86%Monthly21.750%1.2%
REI.UNRioCan REIT
Canada Retail5.236.20%Monthly10.152%1.6%
GRT.UNGranite REIT
Canada Diversified4.714.33%Monthly16.742%0.4%
SRU.UNSmartCentres REIT
Canada Retail4.017.90%Monthly11.347%2.8%
DIR.UNDream Industrial REIT
Canada Industrial3.755.34%Monthly14.745%0.6%
BEI.UNBoardwalk REIT
Canada Residential3.681.62%Monthly23.158%1.8%
CRT.UNCanadian Tire REIT
Canada Retail3.226.55%Monthly10.933%0.6%
FCR.UNFirst Capital REIT
Canada Diversified3.006.11%Monthly11.753%0.8%
CSH.UNChartwell Retirement
Canada Healthcare2.515.66%Monthly25.153%0.4%
HR.UNH&R REIT
Canada Diversified2.506.59%Monthly7.856%0.6%
AP.UNAllied Properties
Canada Office2.319.90%Monthly7.550%2.1%
KMP.UNKillam Apartment
Canada Residential2.083.86%Monthly16.354%0.4%
IIP.UNInterRent REIT
Canada Residential1.882.92%Monthly24.348%0.3%
CRR.UNCrombie REIT
Canada Diversified1.376.76%Monthly11.446%0.8%
PMZ.UNPrimaris REIT
Canada Retail1.246.47%Monthly8.241%0.9%
NWH.UNNorthWest Healthcare
Canada Healthcare1.078.16%Monthly6.351%6.4%
MI.UNMinto Apartment
Canada Residential1.003.31%Monthly18.362%0.4%
HOM.UNBSR REIT
Canada Residential0.823.62%Monthly--61%2.3%
AX.UNArtis
Canada Diversified0.699.87%Monthly4.465%6.8%
SGR.UNSlate Grocery REIT
Canada Retail0.648.21%Monthly--57%0.7%
ERE.UNEuropean Residential
Canada Residential0.557.46%Monthly14.167%0.3%
MRG.UNMorguard NA Residential
Canada Residential0.555.27%Monthly9.871%1.3%
NXR.UNNexus REIT
Canada Diversified0.508.67%Monthly9.257%0.2%
APR.UNAutomotive Properties
Canada Diversified0.497.89%Monthly10.946%4.5%
PLZ.UNPlaza Retail REIT
Canada Retail0.388.21%Monthly8.761%0.8%
MRT.UNMorguard REIT
Canada Diversified0.344.57%Monthly5.979%8.5%
D.UNDream Office REIT
Canada Office0.3311.36%Monthly5.867%11.3%
PRV.UNPro REIT
Canada Diversified0.279.76%Monthly9.460%0.2%
BTB.UNBTB REIT
Canada Diversified0.2410.64%Monthly6.269%4.4%
FCD.UNFirm Capital Property
Canada Diversified0.1711.45%Monthly8.461%0.0%
TNT.UNTrue North Commercial
Canada Diversified0.120.00%Monthly2.362%1.0%
NET.UNCanadian NET REIT
Canada Diversified0.107.37%Monthly7.424%0.2%
SOT.UNSlate Office REIT
Canada Office0.050.00%Irreg1.778%1.1%
MR.UNMelcor REIT
Canada Diversified0.0513.08%Monthly4.385%0.2%
HOT.UNAmerican Hotel Income
Canada Hotels0.050.00%Monthly1.278%0.0%
INO.UNInovalis REIT
Canada Diversified0.040.00%Monthly3.075%1.1%
SMU.UNSummit Industrial Income
Canada Industrial--Monthly--26%0.3%