Issuer filings
MD&A, annual and interim reports, and statements from each REIT's disclosures. Available references stay attached; page links appear only when the required context exists.
Canadian REITs · IFRS-native · filing-grounded
The research terminal for Canadian REITs.
Analyze 32 actively tracked Canadian REITs on one normalized record: financials, filings, call summaries, and three named valuation views. Filing-derived metrics retain available source references.
Coverage — 32 issuers
Actively tracked REITs, indexed.
The complete Canadian screener universe, set as a compact ledger. Open any issuer’s public fact sheet for its current figures and source context.
Platform — one research record
The full Canadian REIT workflow, on one platform.
Briefings, comparison, tracking, and broker research — one workspace.
BriefingsRead the briefingsNormalized financials, structured earnings summaries, daily news, and three named valuation views where inputs are available.Screen & CompareOpen the screenerFilter 32 actively tracked Canadian REITs across 11 metrics, compare up to 5 REITs, and open peer comps.TrackSee the trackerWatchlists, review notes, 40-question theses, and FIFO cost basis.Broker-Report ResearchRead researchConsolidated city and sector research: cap rates, vacancy, rents, and quarterly changes.
From a list of tickers to a research view.
No spreadsheets, no PDF archaeology. Filing-derived metrics retain source context.
- Screen
- Filter 32 actively tracked Canadian REITs by yield, sector, and payout safety. Open the screener →
- Spot the risk
- Read distribution safety and filing-derived ratios with source context.
- Go deep
- Inspect Reported NAV, Real Estate NAV, Market-Implied NAV, earnings, FFO/AFFO builds, and research.
- Track
- Save a thesis and track holdings with FIFO cost basis. See the tracker →
Provenance — primary documents first
Available source references remain attached to filing-derived metrics.
Page links appear only when metadata, a matching document, and access permit them.
Earnings calls
Structured 4-section summaries cover narrative, executive commentary, guidance, and analyst Q&A. Where a transcript audit has run, its result is recorded on the methodology page.
Methodology & scoring
Scored extractions use our published 4-dimension rubric. Median internal composite extraction score (self-scored): 8.6/10 across the latest available score rows. This is not an independent accuracy measure. Reviewed material errors enter the public log.Primary documents first. Market data stays distinct.
Each valuation method stays named and separately sourced.
Read the methodology →
Reported NAV, Real Estate NAV, and Market-Implied NAV stay separate. Read the valuation methodology →
AI analyst — filing grounded
Your Canadian REIT AI analyst.
Ask each actively tracked REIT about Reported NAV, Real Estate NAV, Market-Implied NAV, payout risk, leasing, occupancy, debt, or management commentary. Answers cite available MD&A or transcript sources.
Filing-grounded answers
Answers cite the MD&A or transcript source used.
Transcripts + MD&A by period
Choose a period for results, guidance, and management commentary.
Property portfolio metrics
Ask about WALE (weighted average lease expiry), occupancy, cap rates, leasing, development, and transactions.
Market context
Add city and sector context from consolidated broker-report research.
Example AI analyst answer
Open a current sample analysisQuestion: What stood out in CHP.UN's Q1 2026 results?
Choice Properties delivered Q1 2026 FFO per diluted unit of $0.271, up 2.7% YoY, with a 3.0% same-asset cash NOI growth driven by higher rental rates on renewals, new leasing, and contractual rent steps, while overall occupancy held at 98.1%. The REIT announced an agreement to acquire approximately $5 billion of First Capital REIT's retail assets, and advanced value-creation initiatives including the Bloor and Dundas revitalization.
CHP.UN MD&A — 2026 Q1CHP.UN structured extraction — 2026 Q1CHP.UN transcript — 2026 Q1
Actual output from the CHP.UN analyst, June 2026.
Built for Canadian REIT research.
Explore the current sample REITIncluded with Pro and above.
Product record — annotated figures
The product, in its own screenshots.
Not a generic stock screen
Canadian REITs need filing-native analysis.
A filing-native view of FFO, AFFO, payout ratios, property operations, debt schedules, and three named valuation methods.
| Generic screener | REIT Stack |
|---|---|
| EPS, P/E, revenue, and broad equity factors. | FFO, AFFO, payout ratios, leverage, and occupancy. |
| One standard market multiple. | Reported NAV, Real Estate NAV, Market-Implied NAV, and implied cap rates. |
| Standardized fields without the filing trail. | Available filing context stays attached to extracted figures. |
| Omits debt ladders, WALE, same-property NOI, and leasing tables. | Normalizes REIT-native MD&A and supplemental schedules. |
Editorial ledger
From the briefings.
Daily REIT news and weekly roundups, audit-gated before publication.
HealthcareJul 21, 2026IndustrialJul 21, 2026RetailJul 21, 2026
Vital Completes Its 33-Property Exit From Europe
Vital Infrastructure completed its 33-property European exit to TPG Real Estate on June 30, closing the German leg after the Netherlands portfolio transferred in April.
Nexus Adds Millar as Cutsey Leaves Its Board
Nexus appointed Curt Millar to its board on July 2 as Bradley Cutsey resigned, creating a same-day trustee change after the REIT's C$500 million debut debenture offering.
Plaza Weighs Axia's C$5.28 Unsolicited Proposal
Plaza Retail is evaluating Axia Real Assets' unsolicited C$5.28-per-unit proposal, a roughly C$1.23 billion take-private approach carrying a 21% premium but no binding agreement yet.
Featured research
Read researchGreater Toronto Industrial — Q1 2026
Greater Toronto's industrial market opened 2026 with the same theme its brokers had been tracking since late last year: demand is firming, supply is thinning, and rents are still resetting — but more slowly. Across all six brokerage reports, the first quarter reads as a market that has moved past its tightest point and is searching for a new balance rather than weakening further.
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Or read the full briefings archive →
Founder-led
Kass Melle
Kass Melle spent nine years in real estate private equity and development, including leading an 800,000 sq. ft. mixed-use project to over 95% occupancy. He later built AI-driven prop-tech ventures and studied finance at UBC Sauder and real estate development at Columbia GSAPP. He leads the team behind REIT Stack.
Founded in 2026.
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Common questions
How the data is sourced, how often it updates, and what we do — and what we don’t.
How is the data sourced and how do you know it's accurate?
Filing-derived metrics retain available issuer-document references; page details appear where structured metadata exists. An LLM-assisted extraction pipeline uses deterministic validation and a self-scored four-dimension rubric. Reviewed material errors enter the public methodology log.
How often does the data update?
Prices, FX, and news refresh daily. Fundamentals and structured call summaries refresh quarterly on issuer reporting cycles. Dataset pages show their latest refresh.
Why Canadian REITs only?
Canadian IFRS property accounting, trust units, payout definitions, and MD&A patterns require a dedicated normalization method. Additional markets are not active in the product today; each would need its own shipped methodology.
Do you provide investment advice?
No. REIT Stack publishes normalized data, structured summaries, Reported NAV, Real Estate NAV, Market-Implied NAV, and editorial research. We issue no buy/sell ratings, manage no money, and provide no personalized advice. Consult a licensed advisor for investment decisions.
Can I switch plans anytime?
Yes. Upgrade or downgrade anytime; changes take effect immediately with prorated billing.
Open the Canadian REIT ledger
Start screening Canadian REITs.
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