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Canadian (TSX) REITS Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.2%
  • 3M-1.7%
  • 1Y6.3%
  • YTD0.6%

In the last week, REITS has been flat. The past year has been better, since the industry has gained 6.3% in that time. As for the next few years, earnings are expected to grow by 134% per annum.

Industry Valuation and Performance

Has the Canadian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026CA$4.1bCA$1.3b-CA$715,702,434.0014.6x-5.7x3.1x
Mon, 20 Apr 2026CA$4.1bCA$1.3b-CA$743,365,441.009.3x-5.5x3.1x
Wed, 18 Mar 2026CA$4.0bCA$1.3b-CA$746,559,458.009.4x-5.3x3x
Fri, 13 Feb 2026CA$4.2bCA$1.3b-CA$379,898,722.009.2x-11x3.1x
Sun, 11 Jan 2026CA$4.2bCA$1.3b-CA$379,898,722.008.9x-11.1x3.1x
Tue, 09 Dec 2025CA$3.9bCA$1.3b-CA$379,898,722.008.5x-10.2x2.9x
Thu, 06 Nov 2025CA$4.7bCA$1.4b-CA$117,556,261.008.1x-40.3x3.4x
Sat, 04 Oct 2025CA$4.9bCA$1.4b-CA$110,680,261.009.1x-43.9x3.5x
Mon, 01 Sep 2025CA$5.2bCA$1.4b-CA$110,680,261.008.6x-46.5x3.7x
Wed, 30 Jul 2025CA$5.1bCA$1.6b-CA$195,408,672.007.9x-25.9x3.3x
Fri, 27 Jun 2025CA$4.8bCA$1.6b-CA$195,408,672.007.8x-24.5x3.1x
Sun, 25 May 2025CA$4.5bCA$1.6b-CA$195,408,672.007.8x-22.9x2.9x
Tue, 22 Apr 2025CA$4.6bCA$1.6b-CA$190,710,792.007.5x-24.2x2.8x
Thu, 20 Mar 2025CA$4.8bCA$1.6b-CA$189,655,274.007.7x-25.1x2.9x
Sat, 15 Feb 2025CA$4.7bCA$1.7b-CA$257,037,479.0011.2x-18.1x2.8x
Mon, 13 Jan 2025CA$4.5bCA$1.7b-CA$391,634,479.0010.9x-11.4x2.7x
Wed, 11 Dec 2024CA$4.6bCA$1.7b-CA$391,634,479.0011.3x-11.7x2.7x
Fri, 08 Nov 2024CA$5.3bCA$1.9b-CA$480,656,724.0012.2x-10.9x2.8x
Sun, 06 Oct 2024CA$5.5bCA$1.9b-CA$474,273,724.009.1x-11.5x2.9x
Tue, 03 Sep 2024CA$5.1bCA$1.9b-CA$474,273,724.008.6x-10.7x2.7x
Thu, 01 Aug 2024CA$4.7bCA$1.8b-CA$338,367,846.008.1x-14x2.6x
Sat, 29 Jun 2024CA$4.4bCA$1.8b-CA$341,683,846.007.8x-12.9x2.5x
Mon, 27 May 2024CA$4.6bCA$1.8b-CA$341,683,846.008.1x-13.5x2.6x
Wed, 24 Apr 2024CA$4.6bCA$1.8b-CA$243,799,117.007.6x-18.8x2.5x
Fri, 22 Mar 2024CA$4.5bCA$1.8b-CA$230,119,569.007.4x-19.6x2.5x
Sun, 18 Feb 2024CA$4.7bCA$1.9b-CA$282,200,636.0010x-16.6x2.5x
Tue, 16 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.5x25.6x4.3x
Thu, 14 Dec 2023CA$8.9bCA$2.2bCA$367.5m6.9x24.2x4.1x
Sat, 11 Nov 2023CA$8.9bCA$2.2bCA$218.8m6.5x40.5x4.1x
Mon, 09 Oct 2023CA$8.9bCA$2.0bCA$250.7m6.3x35.6x4.4x
Wed, 06 Sep 2023CA$9.5bCA$2.0bCA$250.7m7.1x37.9x4.7x
Fri, 04 Aug 2023CA$9.5bCA$2.3bCA$417.4m5.4x22.8x4.1x
Sun, 02 Jul 2023CA$9.5bCA$2.2bCA$515.8m5.4x18.5x4.4x
Tue, 30 May 2023CA$9.5bCA$2.2bCA$515.8m5.4x18.5x4.4x
Price to Earnings Ratio

18.5x


Total Market Cap: CA$9.5bTotal Earnings: CA$515.8mTotal Revenue: CA$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average -7.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
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 15% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market1.53%
Real Estate2.64%
REITS-0.15%
Specialized REITs5.03%
Office REITs4.89%
Industrial REITs3.60%
Retail REITs3.24%
Residential REITs1.95%
Healthcare REITs1.33%
Diversified REITs-0.15%
Hotel and Resort REITs-1.09%
Industry PE
  • Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • Analysts are expecting annual earnings growth of 26.1%, which is lower than the prior year's growth of 34.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 158% over the next 5 years.
  • In contrast, the Industrial REITs industry is expected to see its earnings grow by 9.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BTB.UN BTB Real Estate Investment TrustCA$3.721.1%
+CA$3.5m		5.4%PB0.7x
NET.UN Canadian Net Real Estate Investment TrustCA$6.502.0%
+CA$2.7m		23.1%PB1x

Latest News

NET.UN
CA$6.50
Canadian Net Real Estate Investment Trust
7D
2.0%
1Y
23.1%
MRT.UN
CA$6.50
Morguard Real Estate Investment Trust
7D
-0.8%
1Y
9.6%
HR.UN
CA$10.30
H&R Real Estate Investment Trust
7D
-0.2%
1Y
4.7%
BTB.UN
CA$3.72
BTB Real Estate Investment Trust
7D
1.1%
1Y
5.4%
FCD.UN
CA$6.90
Firm Capital Property Trust
7D
-1.3%
1Y
15.0%