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Canadian (TSX) REITS Industry Analysis
UpdatedMay 30, 2025
DataAggregated Company Financials
Companies6
- 7D5.0%
- 3M2.8%
- 1Y14.7%
- YTD9.0%
In the last week, the REITS industry is up 5.0%, with all of the companies up. This takes the industry's 12 month performance to a gain of 15%. Earnings are forecast to grow by 116% annually.
Industry Valuation and Performance
Has the Canadian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | CA$4.6b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -23.4x | 2.9x |
| Sun, 27 Apr 2025 | CA$4.5b | CA$1.6b | -CA$160,113,792.00 | 7.7x | -27.9x | 2.9x |
| Tue, 25 Mar 2025 | CA$4.7b | CA$1.6b | -CA$189,655,274.00 | 7.8x | -24.9x | 2.9x |
| Thu, 20 Feb 2025 | CA$4.7b | CA$1.7b | -CA$257,037,479.00 | 11.1x | -18.4x | 2.8x |
| Sat, 18 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.3x | 2.7x |
| Mon, 16 Dec 2024 | CA$4.3b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.1x | 2.6x |
| Wed, 13 Nov 2024 | CA$5.3b | CA$1.9b | -CA$333,296,474.00 | 10.3x | -15.8x | 2.7x |
| Fri, 11 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9x | -11.3x | 2.9x |
| Sun, 08 Sep 2024 | CA$5.2b | CA$1.9b | -CA$474,273,724.00 | 8.8x | -10.9x | 2.7x |
| Tue, 06 Aug 2024 | CA$4.7b | CA$1.8b | -CA$338,765,846.00 | 7.9x | -13.8x | 2.6x |
| Thu, 04 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.1x | 2.5x |
| Sat, 01 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.3x | 2.5x |
| Mon, 29 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.6x | -18.6x | 2.5x |
| Wed, 27 Mar 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.1x | 2.5x |
| Fri, 23 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.9x | -16.5x | 2.5x |
| Sun, 21 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.3x | 25.3x | 4.3x |
| Tue, 19 Dec 2023 | CA$9.1b | CA$2.2b | CA$367.5m | 6.9x | 24.9x | 4.2x |
| Thu, 16 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.6x | 24.1x | 4.1x |
| Sat, 14 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.8x | 4.4x |
| Mon, 11 Sep 2023 | CA$9.2b | CA$2.0b | CA$250.7m | 6.9x | 36.6x | 4.5x |
| Wed, 09 Aug 2023 | CA$9.6b | CA$2.0b | CA$429.7m | 5.8x | 22.3x | 4.8x |
| Fri, 07 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
| Sun, 04 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
| Tue, 02 May 2023 | CA$10.0b | CA$2.2b | CA$1.7b | 3.8x | 6x | 4.6x |
| Thu, 30 Mar 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 4.1x | 6.1x | 4.7x |
| Sat, 25 Feb 2023 | CA$86.2b | CA$14.1b | CA$8.3b | 5.7x | 10.4x | 6.1x |
| Mon, 23 Jan 2023 | CA$85.5b | CA$14.4b | CA$11.1b | 5.4x | 7.7x | 5.9x |
| Wed, 21 Dec 2022 | CA$78.4b | CA$14.4b | CA$11.1b | 5.1x | 7x | 5.4x |
| Fri, 18 Nov 2022 | CA$79.8b | CA$14.2b | CA$11.0b | 5.3x | 7.2x | 5.6x |
| Sun, 16 Oct 2022 | CA$72.5b | CA$14.3b | CA$13.2b | 4.4x | 5.5x | 5.1x |
| Tue, 13 Sep 2022 | CA$83.3b | CA$14.2b | CA$13.2b | 4.6x | 6.3x | 5.8x |
| Thu, 11 Aug 2022 | CA$86.2b | CA$14.2b | CA$14.3b | 4.8x | 6x | 6.1x |
| Sat, 09 Jul 2022 | CA$81.1b | CA$13.8b | CA$14.6b | 4.8x | 5.5x | 5.9x |
| Mon, 06 Jun 2022 | CA$90.0b | CA$13.7b | CA$14.6b | 5.5x | 6.2x | 6.6x |
Price to Earnings Ratio
6.2x
Current Industry PE
- Investors are pessimistic on the Canadian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 52% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 1.13% | |
| Real Estate | 3.64% | |
| REITS | 4.96% | |
| Residential REITs | 8.15% | |
| Office REITs | 6.20% | |
| Industrial REITs | 5.86% | |
| Diversified REITs | 4.96% | |
| Healthcare REITs | 2.99% | |
| Retail REITs | 2.75% | |
| Specialized REITs | 1.94% | |
| Hotel and Resort REITs | -5.87% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 46.4%, which is higher than its past year's earnings decline of 33.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 136% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$10.52 | 6.8% +CA$175.9m | 15.6% | PB0.5x | |
| AX.UN Artis Real Estate Investment Trust | CA$7.28 | 3.7% +CA$25.5m | 13.9% | PB0.5x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.60 | 1.7% +CA$5.3m | 11.1% | PB0.6x | |
| FCD.UN Firm Capital Property Trust | CA$6.10 | 1.3% +CA$3.0m | 21.3% | PB0.7x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$5.35 | 1.3% +CA$1.4m | 8.3% | PB0.8x |