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Canadian (TSX) Real Estate Sector Analysis
UpdatedNov 30, 2022
DataAggregated Company Financials
Companies79
- 7D-0.01%
- 3M-0.8%
- 1Y-16.6%
- YTD-20.0%
In the last week, the Real Estate industry is flat overall, with Dream Unlimited standing out by going down 8.8%. As for the longer term, the industry has declined 17% in the last year. As for the next few years, earnings are forecast to decline by 2.6% per annum.
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, 30 Nov 2022 | CA$108.5b | CA$31.4b | CA$13.8b | 5.6x | 7.9x | 3.5x |
| Fri, 28 Oct 2022 | CA$104.9b | CA$30.7b | CA$15.7b | 5.1x | 6.7x | 3.4x |
| Sun, 25 Sep 2022 | CA$101.5b | CA$30.6b | CA$15.9b | 4.8x | 6.4x | 3.3x |
| Tue, 23 Aug 2022 | CA$114.1b | CA$30.1b | CA$15.8b | 5.1x | 7.2x | 3.8x |
| Thu, 21 Jul 2022 | CA$110.4b | CA$28.9b | CA$16.1b | 5.5x | 6.8x | 3.8x |
| Sat, 18 Jun 2022 | CA$104.7b | CA$29.1b | CA$16.1b | 5.6x | 6.5x | 3.6x |
| Mon, 16 May 2022 | CA$118.3b | CA$29.0b | CA$16.2b | 6.7x | 7.3x | 4.1x |
| Wed, 13 Apr 2022 | CA$128.6b | CA$28.0b | CA$12.7b | 8.6x | 10.1x | 4.6x |
| Fri, 11 Mar 2022 | CA$131.8b | CA$28.6b | CA$12.6b | 8.5x | 10.5x | 4.6x |
| Sun, 06 Feb 2022 | CA$131.3b | CA$27.5b | CA$10.1b | 9.2x | 13x | 4.8x |
| Tue, 04 Jan 2022 | CA$137.6b | CA$27.3b | CA$9.8b | 9.8x | 14x | 5x |
| Thu, 02 Dec 2021 | CA$129.2b | CA$27.3b | CA$9.8b | 9.4x | 13.1x | 4.7x |
| Sat, 30 Oct 2021 | CA$136.2b | CA$26.6b | CA$8.4b | 10.9x | 16.2x | 5.1x |
| Mon, 27 Sep 2021 | CA$130.5b | CA$26.7b | CA$8.2b | 10.7x | 15.8x | 4.9x |
| Wed, 25 Aug 2021 | CA$119.5b | CA$26.4b | CA$8.2b | 10.1x | 14.5x | 4.5x |
| Thu, 01 Jul 2021 | CA$113.0b | CA$26.4b | CA$8.2b | 10.1x | 13.8x | 4.3x |
| Sun, 04 Apr 2021 | CA$100.2b | CA$25.3b | CA$4.3b | 10.6x | 23.1x | 4x |
| Wed, 06 Jan 2021 | CA$92.1b | CA$25.0b | CA$3.4b | 11.8x | 27x | 3.7x |
| Sat, 10 Oct 2020 | CA$84.0b | CA$25.5b | CA$5.5b | 10.4x | 15.3x | 3.3x |
| Fri, 03 Jul 2020 | CA$81.9b | CA$25.5b | CA$5.2b | 9.3x | 15.9x | 3.2x |
| Mon, 06 Apr 2020 | CA$73.4b | CA$26.3b | CA$7.4b | 6.8x | 9.9x | 2.8x |
| Thu, 09 Jan 2020 | CA$100.1b | CA$25.0b | CA$6.7b | 12.7x | 15x | 4x |
Price to Earnings Ratio
18.3x
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 7.9x which is lower than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 36% per year over the last three years.
- Revenues for these companies have grown 9.0% 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?
| CA Market | 0.22% | |
| Real Estate | -0.01% | |
| REITS | 0.25% | |
| Real Estate | -0.78% | |
Industry PE
- Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 61.1x.
- Analysts are expecting annual earnings growth of 18.9%, which is lower than the prior year's growth of 25.9% per year.
- Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 11.8x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 22% 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 | |
|---|---|---|---|---|---|
| AP.UN Allied Properties Real Estate Investment Trust | CA$26.52 | 2.9% +CA$96.0m | -35.7% | PB0.5x | |
| GRT.UN Granite Real Estate Investment Trust | CA$80.16 | 1.5% +CA$75.8m | -18.7% | PB0.9x | |
| AIF Altus Group | CA$52.31 | 2.9% +CA$65.7m | -20.0% | PB4.1x | |
| FSV FirstService | CA$169.68 | 0.5% +CA$34.5m | -30.9% | PB6.3x | |
| MHC.UN Flagship Communities Real Estate Investment Trust | CA$21.99 | 9.1% +CA$26.0m | n/a | PB0.6x |