Canadian (TSX) REITS Industry Analysis
UpdatedNov 30, 2022
DataAggregated Company Financials
Companies44
- 7D0.3%
- 3M0.9%
- 1Y-13.2%
- YTD-16.8%
Over the last 7 days, the REITS industry has remained flat. As for the longer term, the industry has declined 13% in the last year. Looking forward, earnings are forecast to decline by 22% per year.
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 |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | CA$81.2b | CA$14.4b | CA$11.1b | 5.3x | 7.3x | 5.6x |
| Fri, 28 Oct 2022 | CA$77.0b | CA$14.3b | CA$13.1b | 4.6x | 5.9x | 5.4x |
| Sun, 25 Sep 2022 | CA$74.8b | CA$14.3b | CA$13.2b | 4.3x | 5.7x | 5.2x |
| Tue, 23 Aug 2022 | CA$83.9b | CA$14.3b | CA$13.2b | 4.8x | 6.4x | 5.9x |
| Thu, 21 Jul 2022 | CA$81.2b | CA$13.8b | CA$14.6b | 4.9x | 5.6x | 5.9x |
| Sat, 18 Jun 2022 | CA$78.6b | CA$13.8b | CA$14.6b | 4.8x | 5.4x | 5.7x |
| Mon, 16 May 2022 | CA$88.7b | CA$13.7b | CA$14.7b | 6.8x | 6x | 6.5x |
| Wed, 13 Apr 2022 | CA$95.7b | CA$13.5b | CA$11.7b | 8.3x | 8.2x | 7.1x |
| Fri, 11 Mar 2022 | CA$98.8b | CA$14.2b | CA$11.6b | 8.3x | 8.5x | 7x |
| Sun, 06 Feb 2022 | CA$95.9b | CA$13.8b | CA$9.5b | 9x | 10.1x | 7x |
| Tue, 04 Jan 2022 | CA$98.8b | CA$13.6b | CA$9.2b | 9.2x | 10.7x | 7.3x |
| Thu, 02 Dec 2021 | CA$92.7b | CA$13.6b | CA$9.2b | 8.6x | 10x | 6.8x |
| Sat, 30 Oct 2021 | CA$99.4b | CA$13.7b | CA$8.2b | 10.4x | 12.1x | 7.2x |
| Mon, 27 Sep 2021 | CA$96.4b | CA$13.8b | CA$8.0b | 9.9x | 12x | 7x |
| Wed, 25 Aug 2021 | CA$85.7b | CA$13.7b | CA$8.0b | 9.4x | 10.7x | 6.2x |
| Thu, 01 Jul 2021 | CA$82.0b | CA$13.7b | CA$8.0b | 9.2x | 10.2x | 6x |
| Sun, 04 Apr 2021 | CA$73.2b | CA$13.5b | CA$4.0b | 10.6x | 18.1x | 5.4x |
| Wed, 06 Jan 2021 | CA$67.3b | CA$13.5b | CA$3.2b | 11.1x | 21x | 5x |
| Sat, 10 Oct 2020 | CA$60.2b | CA$13.4b | CA$4.7b | 8.2x | 12.8x | 4.5x |
| Fri, 03 Jul 2020 | CA$61.0b | CA$13.5b | CA$4.3b | 7.5x | 14.1x | 4.5x |
| Mon, 06 Apr 2020 | CA$56.2b | CA$13.7b | CA$6.7b | 6.4x | 8.4x | 4.1x |
| Thu, 09 Jan 2020 | CA$77.8b | CA$13.4b | CA$5.9b | 11.2x | 13.2x | 5.8x |
Price to Earnings Ratio
15.3x
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 industry is trading at a PE ratio of 7.3x which is lower than its 3-year average PE of 11.8x.
- The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 3.2% 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 industry?
| CA Market | 0.22% | |
| Real Estate | -0.01% | |
| REITS | 0.25% | |
| Hotel and Resort REITs | 2.87% | |
| Office REITs | 2.03% | |
| Industrial REITs | 0.65% | |
| Diversified REITs | 0.17% | |
| Residential REITs | 0.11% | |
| Retail REITs | -0.01% | |
| Healthcare REITs | -0.29% | |
| Specialized REITs | -2.98% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 21.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 7.9% over the next 5 years.
- However this is lower than its past earnings growth rate of 44% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 64% 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 | |
| MHC.UN Flagship Communities Real Estate Investment Trust | CA$21.99 | 9.1% +CA$26.0m | n/a | PB0.6x | |
| DIR.UN Dream Industrial Real Estate Investment Trust | CA$12.09 | 0.8% +CA$25.6m | -25.6% | PB0.7x | |
| CRT.UN CT Real Estate Investment Trust | CA$15.68 | 0.5% +CA$20.4m | -5.4% | PB2.2x |