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Canadian (TSX) Real Estate Operating Companies Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies19
  • 7D2.2%
  • 3M2.3%
  • 1Y11.3%
  • YTDn/a

In the last week, the Real Estate Operating Companies industry is up 3.6%, with Tricon Residential up 2.5%. During this same period, the StorageVault Canada underperformed, falling 6.7%. In the last 12 months, the industry was up 5.6%. In the next few years, earnings are forecast to decline by 34% annually.

Industry Valuation and Performance

Has the Canadian Real Estate Operating Companies Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$3.8bCA$1.9bCA$227.6m5.6x16.6x2x
Sun, 23 Jun 2024CA$5.2bCA$2.2bCA$278.0m5.2x18.8x2.4x
Tue, 21 May 2024CA$5.3bCA$2.2bCA$257.0m6.8x20.7x2.5x
Thu, 18 Apr 2024CA$10.0bCA$3.4bCA$245.9m9.9x40.8x3x
Sat, 16 Mar 2024CA$10.1bCA$3.4bCA$247.0m10.3x40.9x3x
Mon, 12 Feb 2024CA$9.6bCA$3.3b-CA$5,444,435.707.5x-1758.1x2.9x
Wed, 10 Jan 2024CA$8.8bCA$3.3bCA$8.1m9.9x1082.4x2.7x
Fri, 08 Dec 2023CA$8.2bCA$3.3bCA$38,976.007.1x211306.3x2.5x
Sun, 05 Nov 2023CA$7.7bCA$3.4bCA$152.3m6.8x50.7x2.3x
Tue, 03 Oct 2023CA$7.7bCA$3.4bCA$195.1m6.6x39.4x2.3x
Thu, 31 Aug 2023CA$8.2bCA$3.4bCA$193.5m6.6x42.5x2.4x
Sat, 29 Jul 2023CA$8.3bCA$3.3bCA$862.6m7x9.7x2.6x
Mon, 26 Jun 2023CA$8.3bCA$3.2bCA$845.0m6.7x9.8x2.5x
Wed, 24 May 2023CA$8.5bCA$3.3bCA$868.5m5.8x9.8x2.6x
Fri, 21 Apr 2023CA$8.5bCA$3.1bCA$1.3b6.7x6.5x2.7x
Sun, 19 Mar 2023CA$2.9bCA$1.4bCA$322.4m6.8x8.9x2x
Tue, 14 Feb 2023CA$9.2bCA$3.1bCA$2.0b6.1x4.7x3x
Thu, 12 Jan 2023CA$8.7bCA$3.1bCA$2.0b6.1x4.4x2.8x
Sat, 10 Dec 2022CA$8.6bCA$3.1bCA$2.0b5.8x4.3x2.8x
Mon, 07 Nov 2022CA$8.4bCA$2.9bCA$2.0b5.3x4.2x2.9x
Wed, 05 Oct 2022CA$8.6bCA$2.8bCA$2.0b6.2x4.2x3x
Fri, 02 Sep 2022CA$9.3bCA$2.8bCA$2.0b5.5x4.7x3.3x
Sun, 31 Jul 2022CA$9.6bCA$2.7bCA$1.4b5.1x6.8x3.6x
Tue, 28 Jun 2022CA$9.0bCA$2.7bCA$1.6b5.3x5.7x3.4x
Thu, 26 May 2022CA$9.8bCA$2.7bCA$1.6b5.4x6.2x3.7x
Sat, 23 Apr 2022CA$11.3bCA$2.5bCA$1.2b7.2x9.5x4.5x
Mon, 21 Mar 2022CA$12.0bCA$2.5bCA$1.2b7.6x10.2x4.8x
Wed, 16 Feb 2022CA$11.4bCA$2.6bCA$912.3m7.8x12.5x4.4x
Fri, 14 Jan 2022CA$11.5bCA$2.6bCA$857.3m8.1x13.4x4.5x
Sun, 12 Dec 2021CA$11.0bCA$2.6bCA$878.1m7.8x12.6x4.2x
Tue, 09 Nov 2021CA$9.3bCA$1.5bCA$534.3m10.4x17.3x6.4x
Thu, 07 Oct 2021CA$7.5bCA$1.5bCA$536.9m8.5x14x5.2x
Sat, 04 Sep 2021CA$7.3bCA$1.4bCA$531.5m8.4x13.7x5.1x
Mon, 02 Aug 2021CA$6.9bCA$1.4bCA$531.5m8x13x4.8x
Price to Earnings Ratio

13x


Total Market Cap: CA$6.9bTotal Earnings: CA$531.5mTotal Revenue: CA$1.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Operating Companies Industry Price to Earnings3Y Average -496.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Real Estate Operating Companies 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 26.0x which is higher than its 3-year average PE of -497x.
  • The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Operating Companies industry have declined 25% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% 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 Comparison

How does Canadian Real Estate Operating Companies compare with similar industries?

CA Market-0.31%
Real Estate2.93%
Real Estate4.95%
Real Estate Operating Companies2.21%
Real Estate Services5.85%
Real Estate Development2.06%
Diversified Real Estate-1.75%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TCN Tricon ResidentialCA$15.462.5%
+CA$109.6m		44.4%PE29.1x
MEQ Mainstreet EquityCA$190.485.3%
+CA$90.0m		39.0%PE14.1x
MRC MorguardCA$112.160.1%
+CA$1.7m		8.8%PE5.1x
TEMP Tempus CapitalCA$0.075114.3%
+CA$1.2m		-46.4%PS3.6x
NXLV NexLiving CommunitiesCA$1.873.3%
+CA$987.9k		-22.1%PS1.6x
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Latest News

MEQ

CA$190.48

Mainstreet Equity

7D

5.3%

1Y

39.0%

Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

SVI

CA$4.75

StorageVault Canada

7D

-6.7%

1Y

-4.0%

MPC

CA$5.15

Madison Pacific Properties

7D

-4.1%

1Y

-15.8%

Madison Pacific Properties (TSE:MPC) Is Paying Out A Dividend Of CA$0.0525

Jul 18
Madison Pacific Properties (TSE:MPC) Is Paying Out A Dividend Of CA$0.0525

TEMP

CA$0.075

Tempus Capital

7D

114.3%

1Y

-46.4%

UFC

CA$0.80

Urbanfund

7D

1.3%

1Y

-15.8%

KDSX

CA$0.82

Kadestone Capital

7D

2.5%

1Y

-15.5%

Kadestone Capital (CVE:KDSX) Is Making Moderate Use Of Debt

Jun 23
Kadestone Capital (CVE:KDSX) Is Making Moderate Use Of Debt

NXLV

CA$1.87

NexLiving Communities

7D

3.3%

1Y

-22.1%

PKT

CA$0.53

Parkit Enterprise

7D

-1.9%

1Y

-33.8%

Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt

Jun 07
Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt

MRC

CA$112.16

Morguard

7D

0.1%

1Y

8.8%

YAK

CA$1.52

Mongolia Growth Group

7D

-2.6%

1Y

16.9%

TCN

CA$15.46

Tricon Residential

7D

2.5%

1Y

44.4%

YEG

CA$0.18

Yorkton Equity Group

7D

-2.6%

1Y

12.1%

Additional Considerations Required While Assessing Yorkton Equity Group's (CVE:YEG) Strong Earnings

May 03
Additional Considerations Required While Assessing Yorkton Equity Group's (CVE:YEG) Strong Earnings

BRED

CA$0.10

Purebread Brands

7D

-13.0%

1Y

-58.3%