# Canadian REIT sector performance

> Live situation record from CLSTR: https://clstr.news/situations/canadian-reit-sector-performance
> Updated: 2026-09-03T01:15:00.000Z. Sources: 2. Developments: 2.

Canadian real estate investment trusts (REITs) have reported varying performance across the retail and residential sectors.

In the retail sector, Slate Grocery REIT reported significant growth in leasing activity, with new leases reaching rates 41% above average in-place rent. Management attributed landlord pricing power to limited new retail development and elevated construction costs. Similarly, Crombie REIT reported stable rental income driven by food-oriented shopping centers and mixed-use properties, maintaining moderate growth through long-term leases with anchor tenants.

In the residential sector, Killam Apartment REIT saw 3.0% same-property net operating income growth and 97.6% occupancy, noting that increased federal defense spending has bolstered economic activity in its markets. Conversely, Canadian Apartment Properties REIT (CAPREIT) has faced a 24% share price decline over the past year. While maintaining income from its suite portfolio, CAPREIT has navigated a softer rental environment and higher interest costs, alongside a slight dip in same-property occupancy to 97.5%.

## Timeline

### 2026-09-03: Canadian REITs report varying stability in retail and residential sectors

Canadian REITs show mixed results as Crombie Real Estate Investment Trust reports stable retail rental income while CAPREIT navigates a softer residential rental market and recent share price declines.

2 sources. https://clstr.news/cluster/canadian-reits-report-varying-stability-in-retail-and-residential-sectors

### 2026-08-09: Slate Grocery and Killam Apartment REIT report Q2 earnings

Slate Grocery REIT and Killam Apartment REIT report second-quarter growth in net operating income and occupancy, driven by high rental rates and strong demand in grocery and Atlantic Canadian apartment markets.

4 sources. https://clstr.news/cluster/slate-grocery-and-killam-apartment-reit-report-q2-earnings

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Cite as: Canadian REIT sector performance. CLSTR, https://clstr.news/situations/canadian-reit-sector-performance
