Is Now The Time To Look At Buying Real Matters Inc. (TSE:REAL)?
Apr 26
Have your own idea? Try our Stock Screener
Canadian (TSX) Real Estate Sector Analysis
UpdatedApr 27, 2025
DataAggregated Company Financials
Companies72
- 7D0.7%
- 3M-3.7%
- 1Y4.0%
- YTD-3.7%
The Real Estate is pretty flat in the last 7 days, but Boardwalk Real Estate Investment Trust has stood out, gaining 3.4%. As for the the longer term, the industry is up 4.0% over the past 12 months. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Sun, 27 Apr 2025 | CA$95.2b | CA$33.1b | CA$4.4b | 11x | 21.7x | 2.9x |
| Tue, 25 Mar 2025 | CA$97.7b | CA$33.8b | CA$4.2b | 11.3x | 23.5x | 2.9x |
| Thu, 20 Feb 2025 | CA$98.5b | CA$33.6b | CA$2.8b | 14.8x | 34.8x | 2.9x |
| Sat, 18 Jan 2025 | CA$98.1b | CA$33.0b | CA$892.7m | 13.6x | 109.8x | 3x |
| Mon, 16 Dec 2024 | CA$94.2b | CA$32.8b | CA$891.5m | 14x | 105.7x | 2.9x |
| Wed, 13 Nov 2024 | CA$99.6b | CA$32.7b | CA$1.2b | 14.5x | 84x | 3x |
| Fri, 11 Oct 2024 | CA$102.4b | CA$31.7b | CA$1.6b | 9x | 62.4x | 3.2x |
| Sun, 08 Sep 2024 | CA$99.9b | CA$31.5b | CA$1.6b | 8.8x | 61x | 3.2x |
| Tue, 06 Aug 2024 | CA$94.7b | CA$31.5b | CA$1.7b | 10.1x | 54.4x | 3x |
| Thu, 04 Jul 2024 | CA$88.6b | CA$31.2b | CA$1.8b | 9x | 49.2x | 2.8x |
| Sat, 01 Jun 2024 | CA$87.4b | CA$31.2b | CA$1.8b | 9.4x | 49.5x | 2.8x |
| Mon, 29 Apr 2024 | CA$93.4b | CA$32.1b | CA$956.8m | 11.8x | 97.6x | 2.9x |
| Wed, 27 Mar 2024 | CA$98.1b | CA$31.8b | CA$1.1b | 11.1x | 85.7x | 3.1x |
| Fri, 23 Feb 2024 | CA$99.0b | CA$31.5b | CA$769.8m | 10.3x | 128.5x | 3.1x |
| Sun, 21 Jan 2024 | CA$101.3b | CA$31.6b | CA$1.6b | 9.9x | 62.2x | 3.2x |
| Tue, 19 Dec 2023 | CA$100.3b | CA$31.5b | CA$1.7b | 9.6x | 59.6x | 3.2x |
| Thu, 16 Nov 2023 | CA$93.9b | CA$31.8b | CA$1.9b | 10.1x | 48.9x | 3x |
| Sat, 14 Oct 2023 | CA$92.5b | CA$31.1b | CA$3.3b | 9.5x | 28.4x | 3x |
| Mon, 11 Sep 2023 | CA$96.7b | CA$31.1b | CA$3.3b | 9.2x | 29.7x | 3.1x |
| Wed, 09 Aug 2023 | CA$101.7b | CA$31.3b | CA$4.4b | 7.7x | 23.4x | 3.3x |
| Fri, 07 Jul 2023 | CA$100.5b | CA$31.3b | CA$4.3b | 7x | 23.3x | 3.2x |
| Sun, 04 Jun 2023 | CA$107.1b | CA$31.4b | CA$4.3b | 6.9x | 24.6x | 3.4x |
| Tue, 02 May 2023 | CA$110.0b | CA$31.3b | CA$8.0b | 7.3x | 13.8x | 3.5x |
| Thu, 30 Mar 2023 | CA$108.3b | CA$31.1b | CA$8.5b | 6.4x | 12.7x | 3.5x |
| Sat, 25 Feb 2023 | CA$116.2b | CA$31.0b | CA$10.8b | 6.2x | 10.7x | 3.7x |
| Mon, 23 Jan 2023 | CA$113.8b | CA$31.1b | CA$13.8b | 6x | 8.2x | 3.7x |
| Wed, 21 Dec 2022 | CA$104.2b | CA$31.4b | CA$13.8b | 5.6x | 7.5x | 3.3x |
| Fri, 18 Nov 2022 | CA$107.0b | CA$30.9b | CA$13.7b | 5.6x | 7.8x | 3.5x |
| Sun, 16 Oct 2022 | CA$98.9b | CA$30.9b | CA$15.9b | 4.8x | 6.2x | 3.2x |
| Tue, 13 Sep 2022 | CA$112.9b | CA$30.0b | CA$15.8b | 5.2x | 7.2x | 3.8x |
| Thu, 11 Aug 2022 | CA$116.8b | CA$29.6b | CA$16.5b | 5.6x | 7.1x | 4x |
| Sat, 09 Jul 2022 | CA$110.0b | CA$29.0b | CA$16.1b | 5.6x | 6.8x | 3.8x |
| Mon, 06 Jun 2022 | CA$119.7b | CA$28.7b | CA$16.1b | 6.2x | 7.4x | 4.2x |
| Wed, 04 May 2022 | CA$120.3b | CA$28.5b | CA$13.4b | 7.7x | 9x | 4.2x |
Price to Earnings Ratio
9x
Current Industry PE
- Investors are pessimistic on the Canadian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.8x which is lower than its 3-year average PE of 41.8x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 31% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.1% 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 | 1.91% | |
| Real Estate | 0.74% | |
| Hotel and Resort REITs | 4.55% | |
| Residential REITs | 2.02% | |
| Office REITs | 1.44% | |
| Real Estate | 0.50% | |
| Retail REITs | 0.44% | |
| REITS | 0.20% | |
| Industrial REITs | 0.14% | |
| Specialized REITs | 0.093% | |
| Health Care REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 40.6x.
- Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 29.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 118% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 2.8% 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 | |
|---|---|---|---|---|---|
| BEI.UN Boardwalk Real Estate Investment Trust | CA$64.48 | 3.4% +CA$103.1m | -11.8% | PB0.7x | |
| CIGI Colliers International Group | CA$159.93 | 1.1% +CA$85.5m | 8.3% | PE36.1x | |
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$41.26 | 1.3% +CA$84.3m | -4.5% | PB0.7x | |
| MEQ Mainstreet Equity | CA$193.25 | 4.5% +CA$76.9m | 8.9% | PE9.6x | |
| FCR.UN First Capital Real Estate Investment Trust | CA$16.78 | 1.8% +CA$61.6m | 11.9% | PB0.9x |
