Have your own idea? Try our Stock Screener
Canadian (TSX) REITS Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies8
- 7D0.1%
- 3M-12.0%
- 1Y-2.1%
- YTD-1.2%
The REITS industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 110% 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, 24 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.3x | 2.6x |
| Sun, 22 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.4x | 2.7x |
| Tue, 19 Nov 2024 | CA$5.1b | CA$1.8b | -CA$398,329,474.00 | 10.5x | -12.9x | 2.9x |
| Thu, 17 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Sat, 14 Sep 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.2x | -11.5x | 2.9x |
| Mon, 12 Aug 2024 | CA$4.7b | CA$1.8b | -CA$242,052,459.00 | 8.5x | -19.5x | 2.6x |
| Wed, 10 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.3x | 2.5x |
| Fri, 07 Jun 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.6x | 2.6x |
| Sun, 05 May 2024 | CA$4.5b | CA$1.8b | -CA$259,777,117.00 | 7.6x | -17.5x | 2.5x |
| Tue, 02 Apr 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.6x | -19.5x | 2.5x |
| Thu, 29 Feb 2024 | CA$4.5b | CA$1.9b | -CA$282,235,636.00 | 9.4x | -15.9x | 2.4x |
| Sat, 27 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.4x | 25.5x | 4.3x |
| Mon, 25 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.8x | 25.1x | 4.2x |
| Wed, 22 Nov 2023 | CA$9.0b | CA$2.2b | CA$370.3m | 6.7x | 24.2x | 4.1x |
| Fri, 20 Oct 2023 | CA$8.9b | CA$2.0b | CA$250.7m | 6.4x | 35.6x | 4.4x |
| Sun, 17 Sep 2023 | CA$9.6b | CA$2.0b | CA$250.7m | 7.3x | 38.1x | 4.7x |
| Tue, 15 Aug 2023 | CA$9.5b | CA$2.1b | CA$247.6m | 6.6x | 38.5x | 4.5x |
| Thu, 13 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
| Sat, 10 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
| Mon, 08 May 2023 | CA$9.9b | CA$2.2b | CA$1.7b | 3.7x | 5.9x | 4.6x |
| Wed, 05 Apr 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 4.1x | 6.1x | 4.8x |
| Fri, 03 Mar 2023 | CA$85.6b | CA$14.1b | CA$7.8b | 6.3x | 11x | 6.1x |
| Sun, 29 Jan 2023 | CA$86.9b | CA$14.4b | CA$11.1b | 5.4x | 7.8x | 6x |
| Tue, 27 Dec 2022 | CA$79.6b | CA$14.4b | CA$11.1b | 5.1x | 7.2x | 5.5x |
| Thu, 24 Nov 2022 | CA$81.0b | CA$14.3b | CA$11.1b | 5.3x | 7.3x | 5.6x |
| Sat, 22 Oct 2022 | CA$73.8b | CA$14.3b | CA$13.2b | 4.4x | 5.6x | 5.2x |
| Mon, 19 Sep 2022 | CA$80.2b | CA$14.3b | CA$13.2b | 4.5x | 6.1x | 5.6x |
| Wed, 17 Aug 2022 | CA$86.4b | CA$14.2b | CA$13.2b | 4.9x | 6.5x | 6.1x |
| Fri, 15 Jul 2022 | CA$79.0b | CA$13.8b | CA$14.6b | 4.7x | 5.4x | 5.7x |
| Sun, 12 Jun 2022 | CA$85.5b | CA$13.7b | CA$14.6b | 5.1x | 5.9x | 6.2x |
| Tue, 10 May 2022 | CA$88.1b | CA$13.6b | CA$13.1b | 6.2x | 6.7x | 6.5x |
| Thu, 07 Apr 2022 | CA$95.6b | CA$13.5b | CA$11.7b | 8.5x | 8.2x | 7.1x |
| Sat, 05 Mar 2022 | CA$98.2b | CA$14.1b | CA$11.0b | 8.3x | 8.9x | 7x |
| Mon, 31 Jan 2022 | CA$94.7b | CA$13.8b | CA$9.4b | 9x | 10.1x | 6.9x |
Price to Earnings Ratio
10.1x
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 4.5x is higher than the industry's current PS ratio of 2.6x.
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 | 2.29% | |
| Real Estate | 0.36% | |
| REITS | 0.10% | |
| Hotel and Resort REITs | 2.25% | |
| Healthcare REITs | 1.78% | |
| Industrial REITs | 1.19% | |
| Office REITs | 0.80% | |
| Specialized REITs | 0.28% | |
| Diversified REITs | 0.10% | |
| Retail REITs | -0.96% | |
| Residential REITs | -2.00% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 17.4x.
- Analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings growth of 15.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 135% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 7.4% 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 | |
|---|---|---|---|---|---|
| AX.UN Artis Real Estate Investment Trust | CA$7.22 | 1.5% +CA$11.1m | 7.0% | PB0.5x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$5.55 | 0.9% +CA$3.2m | 2.8% | PB0.4x | |
| FCD.UN Firm Capital Property Trust | CA$5.73 | 0.9% +CA$1.8m | 15.3% | PB0.7x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.35 | 0.3% +CA$880.2k | 7.0% | PB0.6x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$5.16 | 0.8% +CA$822.4k | 3.8% | PB0.8x |