Madison Pacific Properties (TSE:MPC) Is Paying Out A Dividend Of CA$0.0525
Jul 18
Canadian (TSX) Real Estate Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies76
- 7D2.9%
- 3M9.8%
- 1Y2.6%
- YTD4.0%
The Real Estate industry is up 2.9% in the last week, with FirstService up 8.0%. Meanwhile, StorageVault Canada actually underperformed within the industry, shrinking 6.7% in the last week. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 41% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CA$95.0b | CA$31.1b | CA$1.7b | 9.2x | 55x | 3.1x |
| Sun, 23 Jun 2024 | CA$86.6b | CA$31.3b | CA$1.8b | 9.2x | 48.1x | 2.8x |
| Tue, 21 May 2024 | CA$90.4b | CA$31.1b | CA$1.8b | 9.2x | 50.5x | 2.9x |
| Thu, 18 Apr 2024 | CA$92.6b | CA$32.0b | CA$1.1b | 11.6x | 83.5x | 2.9x |
| Sat, 16 Mar 2024 | CA$97.6b | CA$31.8b | CA$1.1b | 10.9x | 87.1x | 3.1x |
| Mon, 12 Feb 2024 | CA$98.3b | CA$31.4b | CA$507.6m | 10.2x | 193.6x | 3.1x |
| Wed, 10 Jan 2024 | CA$101.5b | CA$31.5b | CA$1.7b | 9.9x | 59.9x | 3.2x |
| Fri, 08 Dec 2023 | CA$97.6b | CA$31.7b | CA$1.7b | 8.5x | 58x | 3.1x |
| Sun, 05 Nov 2023 | CA$94.7b | CA$31.3b | CA$2.9b | 9.8x | 33.1x | 3x |
| Tue, 03 Oct 2023 | CA$93.7b | CA$31.1b | CA$3.3b | 9.3x | 28.7x | 3x |
| Thu, 31 Aug 2023 | CA$101.3b | CA$31.0b | CA$3.3b | 9.2x | 31.1x | 3.3x |
| Sat, 29 Jul 2023 | CA$102.0b | CA$31.3b | CA$4.7b | 7x | 21.8x | 3.3x |
| Mon, 26 Jun 2023 | CA$95.7b | CA$31.1b | CA$4.3b | 6.7x | 22.3x | 3.1x |
| Wed, 24 May 2023 | CA$106.5b | CA$31.5b | CA$4.4b | 6.9x | 24.4x | 3.4x |
| Fri, 21 Apr 2023 | CA$110.6b | CA$31.0b | CA$8.4b | 6.2x | 13.2x | 3.6x |
| Sun, 19 Mar 2023 | CA$53.4b | CA$16.4b | CA$4.3b | 6.3x | 12.6x | 3.3x |
| Tue, 14 Feb 2023 | CA$116.5b | CA$30.8b | CA$13.0b | 6.2x | 9x | 3.8x |
| Thu, 12 Jan 2023 | CA$111.6b | CA$31.2b | CA$13.8b | 5.7x | 8.1x | 3.6x |
| Sat, 10 Dec 2022 | CA$107.3b | CA$31.4b | CA$13.8b | 5.6x | 7.8x | 3.4x |
| Mon, 07 Nov 2022 | CA$102.1b | CA$30.8b | CA$14.7b | 5x | 6.9x | 3.3x |
| Wed, 05 Oct 2022 | CA$103.9b | CA$30.6b | CA$15.9b | 5.1x | 6.5x | 3.4x |
| Fri, 02 Sep 2022 | CA$108.5b | CA$30.2b | CA$15.8b | 5.1x | 6.9x | 3.6x |
| Sun, 31 Jul 2022 | CA$115.3b | CA$29.1b | CA$15.8b | 5.4x | 7.3x | 4x |
| Tue, 28 Jun 2022 | CA$108.9b | CA$28.9b | CA$16.1b | 5.7x | 6.8x | 3.8x |
| Thu, 26 May 2022 | CA$117.6b | CA$28.9b | CA$16.1b | 5.8x | 7.3x | 4.1x |
| Sat, 23 Apr 2022 | CA$128.2b | CA$28.0b | CA$12.7b | 8.5x | 10.1x | 4.6x |
| Mon, 21 Mar 2022 | CA$136.1b | CA$28.6b | CA$12.6b | 8.7x | 10.8x | 4.8x |
| Wed, 16 Feb 2022 | CA$131.3b | CA$28.1b | CA$10.3b | 9.7x | 12.7x | 4.7x |
| Fri, 14 Jan 2022 | CA$133.4b | CA$27.0b | CA$9.8b | 9.3x | 13.6x | 4.9x |
| Sun, 12 Dec 2021 | CA$132.0b | CA$27.3b | CA$9.8b | 9.4x | 13.5x | 4.8x |
| Tue, 09 Nov 2021 | CA$137.8b | CA$27.2b | CA$9.3b | 11x | 14.8x | 5.1x |
| Thu, 07 Oct 2021 | CA$127.7b | CA$26.7b | CA$8.2b | 10.2x | 15.5x | 4.8x |
| Sat, 04 Sep 2021 | CA$121.1b | CA$26.4b | CA$8.2b | 10.8x | 14.7x | 4.6x |
| Mon, 02 Aug 2021 | CA$117.9b | CA$26.4b | CA$8.2b | 10.5x | 14.3x | 4.5x |
Price to Earnings Ratio
14.3x
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 55.0x which is higher than its 3-year average PE of 28.1x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 41% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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 | -0.31% | |
| Real Estate | 2.93% | |
| Health Care REITs | 5.13% | |
| Real Estate | 4.95% | |
| Office REITs | 3.27% | |
| Residential REITs | 2.45% | |
| Retail REITs | 2.27% | |
| REITS | 1.95% | |
| Specialized REITs | 1.49% | |
| Industrial REITs | 0.062% | |
| Hotel and Resort REITs | -0.95% | |
Industry PE
- Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 54.7x.
- Analysts are expecting annual earnings growth of 37.1%, which is higher than its past year's earnings growth of 4.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 174% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 8.9% 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 | |
|---|---|---|---|---|---|
| FSV FirstService | CA$241.07 | 8.0% +CA$801.7m | 16.9% | PE86.7x | |
| CIGI Colliers International Group | CA$188.01 | 5.6% +CA$500.8m | 41.8% | PE69.6x | |
| BEI.UN Boardwalk Real Estate Investment Trust | CA$78.85 | 4.0% +CA$149.2m | 18.6% | PB0.8x | |
| CHP.UN Choice Properties Real Estate Investment Trust | CA$14.17 | 2.7% +CA$121.3m | 2.0% | PB0.9x | |
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$48.60 | 1.5% +CA$118.7m | -4.9% | PB0.9x |