Canadian (TSX) Diversified REITs Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies9
- 7D-1.4%
- 3M-6.5%
- 1Y-14.8%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 1.4%, driven by H&R Real Estate Investment Trust declining 2.1%. Overall the industry is down 15% in 12 months. As for the next few years, earnings are expected to grow by 61% per annum.
Industry Valuation and Performance
Has the Canadian Diversified 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$4.9b | CA$1.9b | -CA$454,597,636.00 | 8.7x | -10.8x | 2.6x |
| Fri, 22 Dec 2023 | CA$4.7b | CA$1.9b | -CA$454,597,636.00 | 7.6x | -10.3x | 2.4x |
| Sun, 19 Nov 2023 | CA$4.4b | CA$1.9b | -CA$451,710,470.00 | 6.7x | -9.9x | 2.3x |
| Tue, 17 Oct 2023 | CA$4.6b | CA$1.8b | -CA$571,335,299.00 | 7.1x | -8x | 2.6x |
| Thu, 14 Sep 2023 | CA$4.9b | CA$1.8b | -CA$571,335,299.00 | 7.5x | -8.6x | 2.8x |
| Sat, 12 Aug 2023 | CA$5.1b | CA$1.7b | -CA$574,470,896.00 | 8x | -8.8x | 2.9x |
| Mon, 10 Jul 2023 | CA$5.0b | CA$1.9b | -CA$306,275,316.00 | 3.8x | -16.4x | 2.6x |
| Wed, 07 Jun 2023 | CA$5.2b | CA$1.9b | -CA$306,275,316.00 | 3.8x | -16.9x | 2.7x |
| Fri, 05 May 2023 | CA$5.4b | CA$1.9b | CA$855.0m | 3.6x | 6.3x | 2.8x |
| Sun, 02 Apr 2023 | CA$5.9b | CA$1.9b | CA$880.7m | 4.1x | 6.8x | 3.1x |
| Tue, 28 Feb 2023 | CA$6.4b | CA$1.9b | CA$1.2b | 4.7x | 5.4x | 3.4x |
| Thu, 26 Jan 2023 | CA$6.4b | CA$2.0b | CA$1.6b | 5.4x | 4x | 3.2x |
| Sat, 24 Dec 2022 | CA$6.0b | CA$2.0b | CA$1.6b | 5.2x | 3.8x | 3x |
| Mon, 21 Nov 2022 | CA$6.1b | CA$2.0b | CA$1.6b | 5.1x | 3.8x | 3.1x |
| Wed, 19 Oct 2022 | CA$5.6b | CA$2.1b | CA$2.0b | 4.1x | 2.8x | 2.7x |
| Fri, 16 Sep 2022 | CA$6.2b | CA$2.1b | CA$2.0b | 4.2x | 3.1x | 3x |
| Sun, 14 Aug 2022 | CA$6.9b | CA$2.1b | CA$2.0b | 4.5x | 3.4x | 3.3x |
| Tue, 12 Jul 2022 | CA$6.5b | CA$2.0b | CA$2.2b | 4.9x | 2.9x | 3.3x |
| Thu, 09 Jun 2022 | CA$7.4b | CA$2.0b | CA$2.2b | 5.4x | 3.3x | 3.8x |
| Sat, 07 May 2022 | CA$7.8b | CA$2.1b | CA$1.5b | 6.4x | 5.3x | 3.6x |
| Mon, 04 Apr 2022 | CA$10.3b | CA$2.8b | CA$1.2b | 6.4x | 8.8x | 3.6x |
| Wed, 02 Mar 2022 | CA$10.2b | CA$2.7b | CA$1.0b | 7.8x | 9.9x | 3.7x |
| Fri, 28 Jan 2022 | CA$10.0b | CA$2.9b | CA$842.1m | 9x | 11.8x | 3.5x |
| Sun, 26 Dec 2021 | CA$11.0b | CA$2.9b | CA$842.1m | 9.6x | 13.1x | 3.9x |
| Tue, 23 Nov 2021 | CA$11.1b | CA$2.8b | CA$833.1m | 13.7x | 13.3x | 3.9x |
| Thu, 21 Oct 2021 | CA$10.9b | CA$2.9b | CA$844.9m | 10.5x | 12.9x | 3.8x |
| Sat, 18 Sep 2021 | CA$10.7b | CA$2.9b | CA$844.9m | 10.3x | 12.7x | 3.7x |
| Mon, 16 Aug 2021 | CA$10.2b | CA$2.9b | CA$844.9m | 7.7x | 12.1x | 3.5x |
| Mon, 31 May 2021 | CA$9.7b | CA$2.9b | CA$150.0m | 10.1x | 64.5x | 3.3x |
Price to Earnings Ratio
61.6x
Current Industry PE
- Investors are pessimistic on the Canadian Diversified REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Total earnings for the Diversified REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 15% per year, which is driving profits down.
Industry Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | -0.54% | |
| Real Estate | -1.58% | |
| REITS | -1.39% | |
| Diversified REITs | -1.39% | |
| Healthcare REITs | 4.55% | |
| Retail REITs | -0.85% | |
| Industrial REITs | -1.08% | |
| Residential REITs | -1.68% | |
| Office REITs | -1.87% | |
| Specialized REITs | -2.09% | |
| Hotel and Resort REITs | -2.10% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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 |