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Canadian (TSX) Real Estate Sector Analysis
UpdatedNov 28, 2021
DataAggregated Company Financials
Companies77
- 7D-0.5%
- 3M2.1%
- 1Y26.1%
- YTD30.1%
Over the last 7 days, the Real Estate industry has remained flat, although notably Real Brokerage gained 8.6%. As for the the longer term, the industry is up 26% over the past 12 months.
Sector Valuation and Performance
Has the Canadian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 01 Dec 2021 | CA$132.7b | CA$27.4b | CA$9.8b | 10.1x |
| Fri, 29 Oct 2021 | CA$135.9b | CA$26.6b | CA$8.3b | 10.9x |
| Sun, 26 Sep 2021 | CA$130.5b | CA$26.7b | CA$8.2b | 10.7x |
| Tue, 24 Aug 2021 | CA$119.1b | CA$26.4b | CA$8.2b | 10.1x |
| Wed, 30 Jun 2021 | CA$113.0b | CA$26.4b | CA$8.2b | 10.1x |
| Sat, 03 Apr 2021 | CA$100.2b | CA$25.3b | CA$4.3b | 10.6x |
| Tue, 05 Jan 2021 | CA$92.1b | CA$25.0b | CA$3.4b | 11.8x |
| Fri, 09 Oct 2020 | CA$84.0b | CA$25.5b | CA$5.5b | 10.4x |
| Thu, 02 Jul 2020 | CA$81.9b | CA$25.5b | CA$5.2b | 9.3x |
| Sun, 05 Apr 2020 | CA$73.4b | CA$26.3b | CA$7.4b | 6.8x |
| Wed, 08 Jan 2020 | CA$100.1b | CA$25.0b | CA$6.7b | 12.7x |
| Tue, 01 Oct 2019 | CA$97.5b | CA$24.2b | CA$5.5b | 12.4x |
| Fri, 05 Jul 2019 | CA$89.6b | CA$23.6b | CA$5.6b | 10x |
| Mon, 08 Apr 2019 | CA$88.0b | CA$22.9b | CA$5.2b | 11.7x |
| Thu, 10 Jan 2019 | CA$75.5b | CA$22.7b | CA$7.3b | 8.6x |
PE Ratio
8.4x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.6x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 13% per year over the last three years, and revenues for these companies have grown 7.6% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate sector?
| Real Estate | -0.35% | |
| REITS | -0.63% | |
Industry PE: Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 14.4x. However analysts are expecting annual earnings growth of 33%, which is lower than the prior year's growth of 68% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 9.7x.
Forecasted Growth: Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 33% over the next 5 years. However this is lower than its past earnings growth rate of 68% per year. Meanwhile, the REITS industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| REAX Real Brokerage | 8.6%+CA$67.7m | 165.6% | PB17.2x | |
| AIF Altus Group | 0.9%+CA$26.9m | 32.1% | PB6.9x | |
| NXLV NexLiving Communities | 2.5%+CA$21.3m | -2.4% | PB2.4x | |
| HMT Halmont Properties | 21.4%+CA$18.6m | 21.4% | PB1.4x | |
| MEQ Mainstreet Equity | 0.7%+CA$7.2m | 60.9% | PB1x |