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Canadian (TSX) Real Estate Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies73
- 7D-1.1%
- 3M0.9%
- 1Y15.8%
- YTD6.3%
Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by Colliers International Group declining 3.8%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 35% annually.
Sector Valuation and Performance
Has the Canadian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | CA$98.5b | CA$32.4b | CA$833.6m | 14.7x | 118.2x | 3x |
| Fri, 18 Oct 2024 | CA$104.0b | CA$31.8b | CA$1.6b | 9.4x | 63.3x | 3.3x |
| Sun, 15 Sep 2024 | CA$105.3b | CA$31.6b | CA$1.6b | 9.2x | 64.1x | 3.3x |
| Tue, 13 Aug 2024 | CA$94.4b | CA$31.6b | CA$1.7b | 8.7x | 55.4x | 3x |
| Thu, 11 Jul 2024 | CA$89.7b | CA$31.2b | CA$1.8b | 9.1x | 49.9x | 2.9x |
| Sat, 08 Jun 2024 | CA$89.6b | CA$31.3b | CA$1.8b | 9.3x | 50.4x | 2.9x |
| Mon, 06 May 2024 | CA$89.4b | CA$31.0b | CA$1.1b | 11.6x | 82.9x | 2.9x |
| Wed, 03 Apr 2024 | CA$98.0b | CA$31.8b | CA$1.1b | 11.3x | 87.5x | 3.1x |
| Fri, 01 Mar 2024 | CA$97.1b | CA$31.8b | CA$1.2b | 10.6x | 84.1x | 3.1x |
| Sun, 28 Jan 2024 | CA$103.1b | CA$31.6b | CA$1.6b | 10.3x | 63.3x | 3.3x |
| Tue, 26 Dec 2023 | CA$101.1b | CA$31.4b | CA$1.7b | 9.6x | 60.2x | 3.2x |
| Thu, 23 Nov 2023 | CA$94.1b | CA$31.9b | CA$1.9b | 8.3x | 50.4x | 3x |
| Sat, 21 Oct 2023 | CA$89.2b | CA$31.2b | CA$3.3b | 9.4x | 27.3x | 2.9x |
| Mon, 18 Sep 2023 | CA$101.9b | CA$31.0b | CA$3.3b | 10x | 31.3x | 3.3x |
| Wed, 16 Aug 2023 | CA$100.1b | CA$31.7b | CA$3.2b | 8.5x | 31x | 3.2x |
| Fri, 14 Jul 2023 | CA$102.4b | CA$31.1b | CA$4.3b | 7x | 23.9x | 3.3x |
| Sun, 11 Jun 2023 | CA$106.7b | CA$31.3b | CA$4.3b | 7x | 24.6x | 3.4x |
| Tue, 09 May 2023 | CA$107.4b | CA$31.1b | CA$7.1b | 7.2x | 15.1x | 3.5x |
| Thu, 06 Apr 2023 | CA$108.3b | CA$31.0b | CA$8.3b | 6.3x | 13.1x | 3.5x |
| Sat, 04 Mar 2023 | CA$116.0b | CA$31.2b | CA$9.6b | 6.9x | 12x | 3.7x |
| Mon, 30 Jan 2023 | CA$116.1b | CA$31.0b | CA$13.8b | 5.9x | 8.4x | 3.7x |
| Wed, 28 Dec 2022 | CA$106.0b | CA$31.3b | CA$13.8b | 5.7x | 7.7x | 3.4x |
| Fri, 25 Nov 2022 | CA$108.4b | CA$31.0b | CA$13.7b | 5.6x | 7.9x | 3.5x |
| Sun, 23 Oct 2022 | CA$101.0b | CA$30.8b | CA$15.9b | 4.9x | 6.4x | 3.3x |
| Tue, 20 Sep 2022 | CA$108.6b | CA$30.3b | CA$15.8b | 5.1x | 6.9x | 3.6x |
| Thu, 18 Aug 2022 | CA$117.1b | CA$30.0b | CA$15.8b | 5.2x | 7.4x | 3.9x |
| Sat, 16 Jul 2022 | CA$107.1b | CA$29.0b | CA$16.1b | 5.4x | 6.6x | 3.7x |
| Mon, 13 Jun 2022 | CA$113.6b | CA$28.9b | CA$16.1b | 5.8x | 7.1x | 3.9x |
| Wed, 11 May 2022 | CA$114.4b | CA$29.0b | CA$14.4b | 6.9x | 8x | 3.9x |
| Fri, 08 Apr 2022 | CA$129.6b | CA$28.0b | CA$12.7b | 8.5x | 10.2x | 4.6x |
| Sun, 06 Mar 2022 | CA$131.4b | CA$28.6b | CA$12.0b | 8.7x | 10.9x | 4.6x |
| Tue, 01 Feb 2022 | CA$130.6b | CA$27.5b | CA$10.0b | 9.2x | 13.1x | 4.7x |
| Thu, 30 Dec 2021 | CA$136.7b | CA$27.4b | CA$9.8b | 9.6x | 13.9x | 5x |
| Sat, 27 Nov 2021 | CA$135.6b | CA$27.4b | CA$9.8b | 9.9x | 13.8x | 5x |
Price to Earnings Ratio
13.8x
Current Industry PE
- Investors are optimistic on the Canadian Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 118x which is higher than its 3-year average PE of 33.3x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 56% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate sector?
| CA Market | 0.41% | |
| Real Estate | -1.10% | |
| Retail REITs | 0.25% | |
| Residential REITs | 0.032% | |
| Hotel and Resort REITs | -0.96% | |
| Industrial REITs | -1.84% | |
| Real Estate | -2.26% | |
| Office REITs | -2.32% | |
| REITS | -2.48% | |
| Health Care REITs | -2.77% | |
| Specialized REITs | -4.19% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 43.0x.
- Analysts are expecting annual earnings growth of 21.2%, which is higher than its past year's earnings decline of 4.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 135% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| TCN Tricon Residential | CA$15.46 | 2.5% +CA$109.6m | 44.4% | PE29.1x | |
| SGR.UN Slate Grocery REIT | CA$14.48 | 5.6% +CA$45.5m | 36.1% | PB0.9x | |
| SRU.UN SmartCentres Real Estate Investment Trust | CA$25.25 | 1.1% +CA$39.1m | 9.7% | PB0.7x | |
| BEI.UN Boardwalk Real Estate Investment Trust | CA$70.17 | 1.0% +CA$33.1m | 7.8% | PB0.7x | |
| SVI StorageVault Canada | CA$4.04 | 1.8% +CA$26.1m | -14.4% | PS5x |
