Canadian (TSX) REITS Industry Analysis
- 7D-0.6%
- 3M0.6%
- 1Y20.9%
- YTD25.6%
Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 21% over the past 12 months.
Industry Valuation and Performance
Has the Canadian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 30 Nov 2021 | CA$95.6b | CA$13.6b | CA$9.2b | 8.8x |
| Thu, 28 Oct 2021 | CA$99.3b | CA$13.7b | CA$8.1b | 10.4x |
| Sat, 25 Sep 2021 | CA$96.4b | CA$13.8b | CA$8.0b | 9.9x |
| Mon, 23 Aug 2021 | CA$85.4b | CA$13.7b | CA$8.0b | 9.4x |
| Sat, 10 Jul 2021 | CA$82.0b | CA$13.7b | CA$8.0b | 9.2x |
| Fri, 02 Apr 2021 | CA$73.2b | CA$13.5b | CA$4.0b | 10.6x |
| Mon, 04 Jan 2021 | CA$67.3b | CA$13.5b | CA$3.2b | 11.1x |
| Thu, 08 Oct 2020 | CA$60.2b | CA$13.4b | CA$4.7b | 8.2x |
| Wed, 01 Jul 2020 | CA$61.0b | CA$13.5b | CA$4.3b | 7.5x |
| Sat, 04 Apr 2020 | CA$56.2b | CA$13.7b | CA$6.7b | 6.4x |
| Tue, 07 Jan 2020 | CA$77.8b | CA$13.4b | CA$5.9b | 11.2x |
| Mon, 30 Sep 2019 | CA$75.8b | CA$13.1b | CA$5.1b | 12x |
| Thu, 04 Jul 2019 | CA$70.5b | CA$12.8b | CA$5.3b | 9.4x |
| Sun, 07 Apr 2019 | CA$70.4b | CA$12.5b | CA$4.6b | 11.3x |
| Wed, 09 Jan 2019 | CA$60.4b | CA$12.2b | CA$6.3b | 8.4x |
9.3x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.7x. However, future earnings are expected to decline by 2.0% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the REITs industry have grown 17% per year over the last three years, and revenues for these companies have grown 4.0% 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 REITS industry?
| Specialized REITs | 1.58% | |
| Industrial REITs | 1.15% | |
| Healthcare REITs | 0.74% | |
| Hotel and Resort REITs | 0.72% | |
| Residential REITs | 0.014% | |
| Diversified REITs | -0.59% | |
| Office REITs | -1.35% | |
| Retail REITs | -1.76% | |
Industry PE: Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 20.1x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 8.5x.
Forecasted Growth: Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 7.1% over the next 5 years. Meanwhile, the Healthcare REITs industry is expected to see its earnings decline by 26% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| SMU.UN Summit Industrial Income REIT | 2.2%+CA$86.0m | 75.0% | PB1.4x | |
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | 0.7%+CA$71.8m | 14.3% | PB1x | |
| GRT.UN Granite Real Estate Investment Trust | 1.0%+CA$63.1m | 31.9% | PB1.3x | |
| NWH.UN NorthWest Healthcare Properties Real Estate Investment Trust | 0.7%+CA$21.8m | 12.1% | PB1.3x | |
| DIR.UN Dream Industrial Real Estate Investment Trust | 0.5%+CA$18.4m | 31.6% | PB1.4x |