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Canadian (TSX) REITS Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies42
  • 7D-0.6%
  • 3M0.6%
  • 1Y20.9%
  • YTD25.6%

Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 21% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$95.6bCA$13.6bCA$9.2b8.8x
Thu, 28 Oct 2021CA$99.3bCA$13.7bCA$8.1b10.4x
Sat, 25 Sep 2021CA$96.4bCA$13.8bCA$8.0b9.9x
Mon, 23 Aug 2021CA$85.4bCA$13.7bCA$8.0b9.4x
Sat, 10 Jul 2021CA$82.0bCA$13.7bCA$8.0b9.2x
Fri, 02 Apr 2021CA$73.2bCA$13.5bCA$4.0b10.6x
Mon, 04 Jan 2021CA$67.3bCA$13.5bCA$3.2b11.1x
Thu, 08 Oct 2020CA$60.2bCA$13.4bCA$4.7b8.2x
Wed, 01 Jul 2020CA$61.0bCA$13.5bCA$4.3b7.5x
Sat, 04 Apr 2020CA$56.2bCA$13.7bCA$6.7b6.4x
Tue, 07 Jan 2020CA$77.8bCA$13.4bCA$5.9b11.2x
Mon, 30 Sep 2019CA$75.8bCA$13.1bCA$5.1b12x
Thu, 04 Jul 2019CA$70.5bCA$12.8bCA$5.3b9.4x
Sun, 07 Apr 2019CA$70.4bCA$12.5bCA$4.6b11.3x
Wed, 09 Jan 2019CA$60.4bCA$12.2bCA$6.3b8.4x
PE Ratio

9.3x

Total Market Cap: CA$62.6bTotal Earnings: CA$5.8bTotal Revenue: CA$12.1b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.7x. However, future earnings are expected to decline by 2.0% which could potentially cause the PE ratio to fall below its historical average.

Past Earnings Growth: The earnings for companies in the REITs industry have grown 17% per year over the last three years, and revenues for these companies have grown 4.0% 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 REITS industry?

Specialized REITs1.58%
Industrial REITs1.15%
Healthcare REITs0.74%
Hotel and Resort REITs0.72%
Residential REITs0.014%
Diversified REITs-0.59%
Office REITs-1.35%
Retail REITs-1.76%

Industry PE: Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 20.1x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 8.5x.

Forecasted Growth: Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 7.1% over the next 5 years. Meanwhile, the Healthcare REITs industry is expected to see its earnings decline by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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