3 Canadian REITs to Purchase in March 2026


Buyers in search of passive revenue alternatives have loads of choices to select from. Nevertheless, considered one of my prime decisions for these on this boat is to think about actual property funding trusts (REITs), which give diversified publicity to portfolios of actual belongings over the long run.

Because it occurs, there are a selection of prime Canadian choices to select from on this house, for these so inclined. Listed here are three of my prime picks on this regard proper now

House models and one with REIT real estate investment trust.

Supply: Getty Photographs

Brookfield Renewable Companions

Brookfield Renewable Companions (TSX:BEP.UN) operates one of many world’s largest pure‑play renewable energy platforms, with greater than 40 gigawatts of hydro, wind, photo voltaic, and storage capability throughout a number of continents. For these bullish on the rise of renewable vitality, that’s been an incredible factor.

After all, shifting geopolitical priorities might have modified the broad narrative round this firm. However even in a less-friendly world, Brookfield Renewable has seen its share worth development larger (see chart above).

I feel a variety of that has to do with Brookfield’s scale, which is necessary as a result of lengthy‑period, inflation‑linked contracts and excessive‑margin hydro belongings assist steady money flows, even when energy markets get risky. That’s evidenced by gross margins north of fifty% and funds from operations that grew roughly 10% yr over yr in 2025.

On valuation, buyers are getting paid to attend, and I actually do suppose this REIT’s 4.8% dividend yield makes it one of many prime dividend shares out there proper now given its backdrop and long-term development upside. This can be a long-term holding, however one which seems affordable even after its current rise.

Dream Industrial REIT

By way of different actual property courses I’m at present interested by, industrial actual property is correct up there. In that vein, Dream Industrial REIT (TSX:DIR.UN) is one other wonderful alternative for long-term buyers.

Why? Properly, Dream Industrial sits proper on the intersection of e‑commerce, logistics, and near-shoring. The belief owns a excessive‑high quality portfolio of distribution and lightweight‑industrial properties throughout key Canadian, U.S., and European markets.

The important thing basic driver for this REIT is embedded hire upside. Certainly, in 2025, the REIT signed over 10 million sq. toes of leases at roughly 30% rental spreads. Notably, expiring Better Toronto Space house re‑leased at an eye fixed‑popping 58% unfold, which units up multi‑yr internet working revenue development as beneath‑market rents roll to present ranges.

Occupancy is firmly in “tight market” territory at round 96%. And administration expects comparable‑property NOI development to stay sturdy, with steerage pointing to mid‑single‑digit to excessive‑single‑digit development as these spreads circulate by means of the revenue assertion. Towards that backdrop, items not too long ago traded at a reduction to an estimated truthful worth round 10% larger than the market worth, whereas nonetheless providing a horny distribution that’s backed by stable protection and a rising money circulate base.

Killam Condominium REIT

Final, however not least, we now have Killam Condominium REIT (TSX:KMP.UN).

As its title suggests, Killam is a residential-focused REI, with a focus in Jap Canada the place housing provide stays structurally tight. The 2025 numbers inform a easy however highly effective story. With income rising to round $383 million pushed by development in identical‑property NOI and funds from operations, this can be a REIT which has continued to develop its distribution to shareholders – one thing I feel is crucial to its long-term investing thesis.

On prime of regular inside development, Killam is leaning into portfolio recycling, modest acquisitions, and debt discount to strengthen its steadiness sheet and enhance the standard of its asset base over time. With a number of brokers reiterating purchase scores and one current goal round 20 {dollars} per unit, buyers at the moment are getting a reliable month-to-month payout backed by sturdy rental demand. That’s not inclusive of the potential upside for buyers from FFO (funds from operations) development because the market narrows what some see as a valuation hole.



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