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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022CA$81.2bCA$14.4bCA$11.1b5.3x7.3x5.6x
Fri, 28 Oct 2022CA$77.0bCA$14.3bCA$13.1b4.6x5.9x5.4x
Sun, 25 Sep 2022CA$74.8bCA$14.3bCA$13.2b4.3x5.7x5.2x
Tue, 23 Aug 2022CA$83.9bCA$14.3bCA$13.2b4.8x6.4x5.9x
Thu, 21 Jul 2022CA$81.2bCA$13.8bCA$14.6b4.9x5.6x5.9x
Sat, 18 Jun 2022CA$78.6bCA$13.8bCA$14.6b4.8x5.4x5.7x
Mon, 16 May 2022CA$88.7bCA$13.7bCA$14.7b6.8x6x6.5x
Wed, 13 Apr 2022CA$95.7bCA$13.5bCA$11.7b8.3x8.2x7.1x
Fri, 11 Mar 2022CA$98.8bCA$14.2bCA$11.6b8.3x8.5x7x
Sun, 06 Feb 2022CA$95.9bCA$13.8bCA$9.5b9x10.1x7x
Tue, 04 Jan 2022CA$98.8bCA$13.6bCA$9.2b9.2x10.7x7.3x
Thu, 02 Dec 2021CA$92.7bCA$13.6bCA$9.2b8.6x10x6.8x
Sat, 30 Oct 2021CA$99.4bCA$13.7bCA$8.2b10.4x12.1x7.2x
Mon, 27 Sep 2021CA$96.4bCA$13.8bCA$8.0b9.9x12x7x
Wed, 25 Aug 2021CA$85.7bCA$13.7bCA$8.0b9.4x10.7x6.2x
Thu, 01 Jul 2021CA$82.0bCA$13.7bCA$8.0b9.2x10.2x6x
Sun, 04 Apr 2021CA$73.2bCA$13.5bCA$4.0b10.6x18.1x5.4x
Wed, 06 Jan 2021CA$67.3bCA$13.5bCA$3.2b11.1x21x5x
Sat, 10 Oct 2020CA$60.2bCA$13.4bCA$4.7b8.2x12.8x4.5x
Fri, 03 Jul 2020CA$61.0bCA$13.5bCA$4.3b7.5x14.1x4.5x
Mon, 06 Apr 2020CA$56.2bCA$13.7bCA$6.7b6.4x8.4x4.1x
Thu, 09 Jan 2020CA$77.8bCA$13.4bCA$5.9b11.2x13.2x5.8x
Price to Earnings Ratio

15.3x


Total Market Cap: CA$78.3bTotal Earnings: CA$5.1bTotal Revenue: CA$13.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average 11.8x202020212022
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 Market0.22%
Real Estate-0.01%
REITS0.25%
Hotel and Resort REITs2.87%
Office REITs2.03%
Industrial REITs0.65%
Diversified REITs0.17%
Residential REITs0.11%
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?

CompanyLast Price7D1YValuation
AP.UN Allied Properties Real Estate Investment TrustCA$26.522.9%
+CA$96.0m
-35.7%PB0.5x
GRT.UN Granite Real Estate Investment TrustCA$80.161.5%
+CA$75.8m
-18.7%PB0.9x
MHC.UN Flagship Communities Real Estate Investment TrustCA$21.999.1%
+CA$26.0m
n/aPB0.6x
DIR.UN Dream Industrial Real Estate Investment TrustCA$12.090.8%
+CA$25.6m
-25.6%PB0.7x
CRT.UN CT Real Estate Investment TrustCA$15.680.5%
+CA$20.4m
-5.4%PB2.2x
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Latest News

GRT.UN

CA$80.16

Granite Real Estate Investment Trust

7D

1.5%

1Y

-18.7%

FCR.UN

CA$17.17

First Capital Real Estate Investment Trust

7D

0.5%

1Y

-2.0%

SRU.UN

CA$27.61

SmartCentres Real Estate Investment Trust

7D

0.5%

1Y

-7.4%

MHC.UN

CA$21.99

Flagship Communities Real Estate Investment Trust

7D

9.1%

1Y

n/a

DIR.UN

CA$12.09

Dream Industrial Real Estate Investment Trust

7D

0.8%

1Y

-25.6%

CRT.UN

CA$15.68

CT Real Estate Investment Trust

7D

0.5%

1Y

-5.4%

INO.UN

CA$4.47

Inovalis Real Estate Investment Trust

7D

15.5%

1Y

-51.9%

FCD.UN

CA$5.47

Firm Capital Property Trust

7D

-4.5%

1Y

-29.4%

REI.UN

CA$21.27

RioCan Real Estate Investment Trust

7D

-0.5%

1Y

0.09%

PMZ.UN

CA$15.25

Primaris Real Estate Investment Trust

7D

-1.5%

1Y

n/a

SMU.UN

CA$22.50

Summit Industrial Income REIT

7D

-0.4%

1Y

-0.09%