Best Reits this February 2026 in Canada

Allied Properties Real Estate Investment Trust specializes in owning Class I office properties across major Canadian cities, boasting over 10 million square feet of leasable space. While it currently offers an attractive dividend yield of 11.33%, the stock has faced challenges, with a 1-year return of -17.86% and a significant 5-year return decline of -61.23%. Analysts from Scotiabank and Raymond James maintain an "Outperform" rating, suggesting potential for recovery and growth in the next 12 months.

AP UN has a positive forecast as its short-term average is above the long-term average, indicating a buy signal. Resistance is expected around $14.27.

AP stock is likely to outperform the market over the next 12 months.

APR UN has a Moderate Buy consensus from analysts, with an average price target suggesting a potential increase of 10.82% from its current price of C$11.28.

Artis Real Estate Investment Trust (TSX: AX.UN) offers a monthly dividend yield of 7.9%, making it a solid choice for income investors.

First Capital Real Estate Investment Trust, a diversified REIT specializing in open-air, grocery-anchored shopping centers in high-demand areas, aims to deliver stable returns with a solid dividend yield of 4.56%. Analysts are optimistic, with a consensus target price of C$21.90, reflecting a potential upside from the current share price of C$19.87. With a one-year return of 16.24% and a five-year return of 33.84%, this investment is well-positioned for those seeking reliable income and growth in a robust market.

FCR UN has a Strong Buy consensus from analysts, with a highest price target of C$22.00 and an average target suggesting a potential increase of 10.42% from the current price of C$19.87.

FCR UN pays dividends monthly, with the next ex-dividend date on January 30, 2026.

FCR UN refers to First Capital Real Estate Investment Trust, traded on the TSX.

RioCan Real Estate Investment Trust stands out as one of Canada's largest REITs, specializing in retail and mixed-use properties that include residential elements. With a dividend yield of 5.95%, it offers investors a reliable income stream while maintaining a consensus "Moderate Buy" rating from analysts, reflecting confidence in its growth potential. Recent performance shows a 1-year total shareholder return of 7.70%, indicating steady momentum in a competitive market.

RioCan Real Estate Investment Trust (REI.UN) has a consensus rating of 'Moderate Buy' from 9 Wall Street analysts, with 2 hold ratings and 7 buy ratings.

RioCan's share price has increased by 3.02% over the last month, with a total shareholder return of 7.70% over the past year, indicating steady performance despite a slight decline of 1.05% in the last 90 days.

REI has an overall 'Buy' rating from 10 analysts, with a 12-month price target of $2.50, suggesting a potential upside of 157.73% from its current price of $0.97.

Dream Industrial REIT stands out with its high-quality assets strategically located near city centers, capitalizing on the growing demand for e-commerce distribution and warehouse space. Offering a dividend yield of 5.43%, this investment provides an attractive option for those seeking reliable income alongside an impressive 1-year return of 8.68%. With a strong analyst rating of A-, investors can consider Dream Industrial REIT a solid addition to their portfolio.

DIR.UN has a consensus price target range of C$13.75 to C$15.75, indicating a potential upside of 6.19% from its current price of C$13.52.

DIR.UN pays an annual dividend of C$0.70 per share, yielding 5.24%, with monthly payments.

Artis Real Estate Investment Trust (TSX:AX.UN) offers a dividend yield of 7.9%, making it an attractive option for income investors.

Granite REIT stands out as a compelling option for income-focused investors, boasting a dividend yield of 3.97% and a robust 1-year return of 24.09%. Highly rated by analysts, with a consensus rating of "Buy" from six Wall Street experts, it has demonstrated consistent growth, raising its distribution for 14 consecutive years. With a market capitalization of $4.20 billion, this industrial REIT emphasizes reliable income from financially healthy properties, making it an attractive choice for those seeking sustainable dividends.

Granite Real Estate Investment Trust (GRT) has a consensus rating of 'Buy' from all 6 Wall Street analysts who have rated it in the past year.

Jamieson Wellness (TSX:JWEL) and GFL Environmental (TSX:GFL) are currently considered strong buy options among Canadian growth stocks.

Granite REIT offers a dividend yield just under 5%, which is sustainable and has been consistently growing for 14 years, qualifying it as a Dividend Aristocrat in Canada.

Sienna Senior Living is well-positioned to capitalize on Canada's aging population and rising healthcare expenditures among seniors. With a solid dividend yield of 4.36% and impressive returns of 40.37% over the past year, this stock signals a buy for both short and long-term investors, earning a B- rating from analysts. Its strong performance in the last three years, reflecting a 118% increase, makes it an attractive option for those seeking reliable income and growth in the senior living sector.

Sienna Senior Living Inc. (SIA.TO) has positive buy signals from both short and long-term moving averages, indicating a favorable outlook for the stock.

Sienna Senior Living has delivered impressive returns of 118% over the past three years, suggesting it could be a strong long-term investment compared to market averages.

SmartCentres REIT is a retail-focused investment trust prominently anchored by Walmart locations across Canada, making it a solid choice for investors seeking reliable income. It offers a dividend yield of approximately 6.90% and has demonstrated strong cash flow resilience amid e-commerce challenges, with a notable 1-year return of 8.94% and a 5-year return of 11.99%. Analysts maintain a B rating, reflecting confidence in its ongoing performance and growth potential.

SmartCentres REIT has shown strong performance with a 7.59% return over the past month, a 6.63% year-to-date return, and a 22.05% total shareholder return over the past year, indicating positive momentum.

The average price target for SRU UN is C$28.67, with a high of C$30.00 and a low of C$27.00, suggesting a potential upside of 10.14% from its last price of C$26.03.

SmartCentres REIT pays a monthly dividend of CAD 1.85 per share, yielding 6.73%.

SmartCentres REIT is considered a safe dividend stock, having maintained its monthly payouts even during the pandemic, despite a payout ratio exceeding 90%.