Canadian (TSX) REITS Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies9
- 7D-1.4%
- 3M-6.5%
- 1Y-14.8%
- YTD-6.0%
Over the last 7 days, the REITS industry has dropped 1.4%, driven by H&R Real Estate Investment Trust declining 2.1%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 61% per annum.
Industry Valuation and Performance
Has the Canadian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.5x | 2.5x |
| Sat, 30 Mar 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.5x | 2.5x |
| Mon, 26 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.7x | -16.2x | 2.4x |
| Wed, 24 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.4x | 25.5x | 4.3x |
| Fri, 22 Dec 2023 | CA$9.1b | CA$2.2b | CA$367.5m | 6.7x | 24.9x | 4.2x |
| Sun, 19 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.7x | 24.1x | 4.1x |
| Tue, 17 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 36x | 4.4x |
| Thu, 14 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7.1x | 37.5x | 4.6x |
| Sat, 12 Aug 2023 | CA$9.5b | CA$2.0b | CA$247.6m | 6.7x | 38.5x | 4.8x |
| Mon, 10 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Wed, 07 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
| Fri, 05 May 2023 | CA$9.9b | CA$2.2b | CA$1.7b | 3.7x | 5.9x | 4.5x |
| Sun, 02 Apr 2023 | CA$10.4b | CA$2.2b | CA$1.7b | 4.2x | 6.1x | 4.8x |
| Tue, 28 Feb 2023 | CA$86.3b | CA$14.1b | CA$8.1b | 5.8x | 10.6x | 6.1x |
| Thu, 26 Jan 2023 | CA$86.5b | CA$14.4b | CA$11.1b | 5.3x | 7.8x | 6x |
| Sat, 24 Dec 2022 | CA$79.5b | CA$14.4b | CA$11.1b | 5.1x | 7.1x | 5.5x |
| Mon, 21 Nov 2022 | CA$80.1b | CA$14.3b | CA$11.1b | 5.2x | 7.2x | 5.6x |
| Wed, 19 Oct 2022 | CA$74.5b | CA$14.3b | CA$13.2b | 4.4x | 5.6x | 5.2x |
| Fri, 16 Sep 2022 | CA$80.4b | CA$14.3b | CA$13.2b | 4.5x | 6.1x | 5.6x |
| Sun, 14 Aug 2022 | CA$86.4b | CA$14.2b | CA$13.2b | 4.9x | 6.6x | 6.1x |
| Tue, 12 Jul 2022 | CA$80.8b | CA$13.8b | CA$14.6b | 4.8x | 5.5x | 5.9x |
| Thu, 09 Jun 2022 | CA$88.9b | CA$13.7b | CA$14.6b | 5.4x | 6.1x | 6.5x |
| Sat, 07 May 2022 | CA$89.6b | CA$13.6b | CA$13.1b | 6.4x | 6.8x | 6.6x |
| Mon, 04 Apr 2022 | CA$100.3b | CA$14.2b | CA$11.6b | 8.5x | 8.7x | 7.1x |
| Wed, 02 Mar 2022 | CA$96.5b | CA$14.0b | CA$11.0b | 8.3x | 8.8x | 6.9x |
| Fri, 28 Jan 2022 | CA$93.4b | CA$13.8b | CA$9.4b | 8.9x | 9.9x | 6.8x |
| Sun, 26 Dec 2021 | CA$97.2b | CA$13.6b | CA$9.3b | 8.9x | 10.5x | 7.1x |
| Tue, 23 Nov 2021 | CA$96.8b | CA$13.6b | CA$9.2b | 9.1x | 10.5x | 7.1x |
| Thu, 21 Oct 2021 | CA$98.9b | CA$13.7b | CA$8.0b | 10.5x | 12.3x | 7.2x |
| Sat, 18 Sep 2021 | CA$97.0b | CA$13.8b | CA$8.0b | 10.1x | 12.1x | 7.1x |
| Mon, 16 Aug 2021 | CA$85.8b | CA$13.7b | CA$8.0b | 9.4x | 10.7x | 6.2x |
| Mon, 31 May 2021 | CA$78.6b | CA$13.5b | CA$4.0b | 11x | 19.5x | 5.8x |
Price to Earnings Ratio
18.9x
Current Industry PE
- Investors are pessimistic on the Canadian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 49% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.54% | |
| Real Estate | -1.58% | |
| REITS | -1.39% | |
| Healthcare REITs | 4.55% | |
| Retail REITs | -0.85% | |
| Industrial REITs | -1.08% | |
| Diversified REITs | -1.39% | |
| Residential REITs | -1.68% | |
| Office REITs | -1.87% | |
| Specialized REITs | -2.09% | |
| Hotel and Resort REITs | -2.10% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (99.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 123% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 35% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NET.UN Canadian Net Real Estate Investment Trust | CA$4.95 | 0.4% +CA$411.2k | -8.3% | PB0.8x | |
| MR.UN Melcor Real Estate Investment Trust | CA$3.01 | 0.3% +CA$129.6k | -38.6% | PB0.2x |