KPIs of the largest real estate investment trusts (REITs) in Canada 2024

Canadian Apartment Properties was the real estate investment trust (REIT) with the largest market cap in Canada as of April 11, 2024. The market cap, or the aggregate value of the total outstanding shares of the company, was 5.4 billion U.S. dollars during that period. Canadian Apartment Properties also had the third-highest revenue after Choice Properties and RioCan. Nevertheless, Dream Industrial headed the ranking in terms of five-year return on investment (ROI), at 7.58 percent. RioCan's EBITDA margin was also the second-highest, with earnings before interest, taxes, depreciation, and amortization amounting to 65.53 percent of the company's revenue. In terms of dividends, Allied Properties ranked first, with a dividend yield of 9.97 percent.