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Canadian (TSX) REITS Industry Analysis

UpdatedJul 30, 2025
DataAggregated Company Financials
Companies6
  • 7D0.1%
  • 3M14.7%
  • 1Y17.3%
  • YTD18.4%

Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 17% over the past 12 months. Looking forward, earnings are forecast to grow by 136% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 27 Apr 2023CA$10.0bCA$2.2bCA$1.7b3.8x5.9x4.6x
Sat, 25 Mar 2023CA$10.3bCA$2.2bCA$1.7b4.1x6x4.7x
Mon, 20 Feb 2023CA$87.3bCA$14.0bCA$8.9b5.5x9.8x6.2x
Wed, 18 Jan 2023CA$85.8bCA$14.4bCA$11.1b5.4x7.7x6x
Fri, 16 Dec 2022CA$80.7bCA$14.4bCA$11.1b5.2x7.3x5.6x
Sun, 13 Nov 2022CA$81.4bCA$14.2bCA$11.4b5.3x7.2x5.7x
Tue, 11 Oct 2022CA$72.6bCA$14.3bCA$13.2b4.4x5.5x5.1x
Thu, 08 Sep 2022CA$80.2bCA$14.3bCA$13.2b4.6x6.1x5.6x
Sat, 06 Aug 2022CA$84.0bCA$14.0bCA$14.5b4.5x5.8x6x
Price to Earnings Ratio

5.8x


Total Market Cap: CA$84.0bTotal Earnings: CA$14.5bTotal Revenue: CA$14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average 0.08x202320242025
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 3.9x is higher than the industry's current 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 52% per year, which is driving profits down.

Industry Trends

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

CA Market0.40%
Real Estate1.48%
REITS0.14%
Industrial REITs0.83%
Specialized REITs0.18%
Diversified REITs0.14%
Hotel and Resort REITs0%0
Office REITs-0.68%
Residential REITs-0.68%
Retail REITs-0.98%
Healthcare REITs-1.63%
Industry PE
  • Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings growth of 13.9% 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 6.7% 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
MRT.UN Morguard Real Estate Investment TrustCA$5.732.1%
+CA$7.8m
7.3%PB0.4x
HR.UN H&R Real Estate Investment TrustCA$11.840.08%
+CA$2.6m
21.6%PB0.6x
FCD.UN Firm Capital Property TrustCA$6.091.2%
+CA$2.6m
9.7%PB0.7x
NET.UN Canadian Net Real Estate Investment TrustCA$5.531.5%
+CA$1.6m
-0.2%PB0.8x