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Canadian (TSX) REITS Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies8
- 7D2.9%
- 3M2.5%
- 1Y13.2%
- YTD6.7%
In the last week, the REITS industry is up 2.9%, with H&R Real Estate Investment Trust up 4.4%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 89% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | CA$4.8b | CA$1.7b | -CA$257,037,479.00 | 11.3x | -18.7x | 2.9x |
| Sun, 19 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.3x | 2.7x |
| Tue, 17 Dec 2024 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.7x | 2.7x |
| Thu, 14 Nov 2024 | CA$5.2b | CA$1.8b | -CA$390,393,474.00 | 10.4x | -13.3x | 2.9x |
| Sat, 12 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.1x | -11.3x | 2.9x |
| Mon, 09 Sep 2024 | CA$5.2b | CA$1.9b | -CA$474,273,724.00 | 8.8x | -10.9x | 2.7x |
| Wed, 07 Aug 2024 | CA$4.7b | CA$1.8b | -CA$338,765,846.00 | 7.9x | -13.8x | 2.6x |
| Fri, 05 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.2x | 2.5x |
| Sun, 02 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Tue, 30 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.6x | 2.5x |
| Thu, 28 Mar 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.3x | 2.5x |
| Sat, 24 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.7x | -16.2x | 2.4x |
| Mon, 22 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.3x | 25.4x | 4.3x |
| Wed, 20 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.8x | 24.9x | 4.2x |
| Fri, 17 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.6x | 24.1x | 4.1x |
| Sun, 15 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.8x | 4.4x |
| Tue, 12 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7x | 37.6x | 4.6x |
| Thu, 10 Aug 2023 | CA$9.6b | CA$2.0b | CA$429.7m | 5.9x | 22.4x | 4.8x |
| Sat, 08 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Mon, 05 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
| Wed, 03 May 2023 | CA$9.9b | CA$2.2b | CA$1.7b | 3.7x | 5.9x | 4.6x |
| Fri, 31 Mar 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 4.1x | 6.1x | 4.8x |
| Sun, 26 Feb 2023 | CA$86.2b | CA$14.1b | CA$8.3b | 5.7x | 10.4x | 6.1x |
| Tue, 24 Jan 2023 | CA$86.2b | CA$14.4b | CA$11.1b | 5.4x | 7.8x | 6x |
| Thu, 22 Dec 2022 | CA$79.6b | CA$14.4b | CA$11.1b | 5.1x | 7.2x | 5.5x |
| Sat, 19 Nov 2022 | CA$80.0b | CA$14.3b | CA$11.0b | 5.2x | 7.2x | 5.6x |
| Mon, 17 Oct 2022 | CA$72.5b | CA$14.3b | CA$13.2b | 4.4x | 5.5x | 5.1x |
| Wed, 14 Sep 2022 | CA$83.3b | CA$14.2b | CA$13.2b | 4.6x | 6.3x | 5.8x |
| Fri, 12 Aug 2022 | CA$86.1b | CA$14.3b | CA$13.2b | 4.9x | 6.5x | 6x |
| Sun, 10 Jul 2022 | CA$81.1b | CA$13.8b | CA$14.6b | 4.8x | 5.5x | 5.9x |
| Tue, 07 Jun 2022 | CA$88.9b | CA$13.7b | CA$14.6b | 5.4x | 6.1x | 6.5x |
| Thu, 05 May 2022 | CA$90.5b | CA$13.6b | CA$12.4b | 7.1x | 7.3x | 6.7x |
| Sat, 02 Apr 2022 | CA$100.3b | CA$14.2b | CA$11.6b | 8.5x | 8.7x | 7.1x |
| Mon, 28 Feb 2022 | CA$97.1b | CA$14.0b | CA$11.0b | 8.4x | 8.9x | 6.9x |
Price to Earnings Ratio
8.9x
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 4.4x is higher than the industry's current PS ratio of 2.9x.
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 51% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.52% | |
| Real Estate | -0.079% | |
| REITS | 2.92% | |
| Healthcare REITs | 8.03% | |
| Diversified REITs | 2.92% | |
| Retail REITs | 1.27% | |
| Office REITs | 0.83% | |
| Industrial REITs | 0.51% | |
| Specialized REITs | -1.15% | |
| Residential REITs | -2.24% | |
| Hotel and Resort REITs | -2.39% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 18.0x.
- Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 29.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 111% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 8.4% 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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$10.17 | 4.4% +CA$112.9m | 8.2% | PB0.5x | |
| AX.UN Artis Real Estate Investment Trust | CA$7.78 | 1.4% +CA$11.1m | 27.5% | PB0.5x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.39 | 1.8% +CA$5.3m | 13.4% | PB0.6x | |
| FCD.UN Firm Capital Property Trust | CA$6.19 | 1.8% +CA$4.1m | 27.1% | PB0.7x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$5.33 | 1.1% +CA$1.2m | 9.9% | PB0.8x |