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Canadian (TSX) REITS Industry Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies5
- 7D-1.8%
- 3M0.5%
- 1Y-8.8%
- YTD1.1%
Over the last 7 days, the REITS industry has dropped 1.6%, driven by a pullback from H&R Real Estate Investment Trust of 1.9%. Overall the industry is down 7.2% in 12 months. As for the next few years, earnings are expected to grow by 146% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | CA$4.1b | CA$1.3b | -CA$497,750,488.00 | 11.8x | -8.2x | 3.2x |
| Mon, 20 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 15.3x | -6x | 3.3x |
| Wed, 17 Jun 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 15x | -6x | 3.3x |
| Fri, 15 May 2026 | CA$4.1b | CA$1.3b | -CA$725,904,316.00 | 12.3x | -5.6x | 3x |
| Sun, 12 Apr 2026 | CA$4.0b | CA$1.3b | -CA$743,365,441.00 | 9.1x | -5.4x | 3x |
| Tue, 10 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 11.8x | -5.4x | 3x |
| Thu, 05 Feb 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.3x | -11x | 3.1x |
| Sat, 03 Jan 2026 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Mon, 01 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.5x | 2.9x |
| Wed, 29 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.2x | -44.6x | 3.6x |
| Fri, 26 Sep 2025 | CA$5.0b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -44.9x | 3.6x |
| Sun, 24 Aug 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.5x | 3.7x |
| Tue, 22 Jul 2025 | CA$5.1b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -26.2x | 3.3x |
| Thu, 19 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.5x | 3.1x |
| Sat, 17 May 2025 | CA$4.6b | CA$1.5b | -CA$195,457,672.00 | 7.8x | -23.3x | 3x |
| Mon, 14 Apr 2025 | CA$4.3b | CA$1.6b | -CA$190,710,792.00 | 7.2x | -22.7x | 2.6x |
| Wed, 12 Mar 2025 | CA$4.7b | CA$1.7b | -CA$174,109,479.00 | 7.6x | -27x | 2.7x |
| Fri, 07 Feb 2025 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.8x | 2.8x |
| Sun, 05 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.6x | 2.7x |
| Tue, 03 Dec 2024 | CA$4.7b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -12.1x | 2.8x |
| Thu, 31 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.3x | 2.9x |
| Sat, 28 Sep 2024 | CA$5.6b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.8x | 3x |
| Mon, 26 Aug 2024 | CA$4.7b | CA$1.6b | -CA$474,273,724.00 | 8.9x | -9.8x | 2.9x |
| Wed, 24 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.8x | 2.6x |
| Fri, 21 Jun 2024 | CA$4.4b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13x | 2.5x |
| Sun, 19 May 2024 | CA$4.7b | CA$1.8b | -CA$335,752,067.00 | 6.9x | -14x | 2.6x |
| Tue, 16 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.4x | -18.6x | 2.5x |
| Thu, 14 Mar 2024 | CA$4.4b | CA$1.8b | -CA$243,773,556.00 | 9.8x | -18.1x | 2.4x |
| Sat, 10 Feb 2024 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 8.6x | -10.5x | 2.5x |
| Mon, 08 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.4x | 4.3x |
| Wed, 06 Dec 2023 | CA$9.0b | CA$2.2b | CA$367.5m | 6.9x | 24.5x | 4.1x |
| Fri, 03 Nov 2023 | CA$8.9b | CA$2.0b | CA$269.3m | 6.6x | 32.9x | 4.3x |
| Sun, 01 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.2x | 36x | 4.4x |
| Tue, 29 Aug 2023 | CA$9.5b | CA$2.0b | CA$250.7m | 7.3x | 38x | 4.7x |
Price to Earnings Ratio
38x
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 3.2x.
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 14% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.37% | |
| Real Estate | -0.98% | |
| REITS | -1.76% | |
| Hotel and Resort REITs | 1.25% | |
| Specialized REITs | 0.74% | |
| Residential REITs | 0.46% | |
| Healthcare REITs | -0.37% | |
| Industrial REITs | -1.67% | |
| Diversified REITs | -1.76% | |
| Office REITs | -1.83% | |
| Retail REITs | -2.09% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings growth of 18.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 146% over the next 5 years.
- This is better than its past earnings decline of 33% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.87 | 1.8% +CA$2.5m | 22.5% | PB1x |