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Canadian (TSX) REITS Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies5
  • 7D-1.2%
  • 3M-4.7%
  • 1Y8.7%
  • YTD15.9%

Over the last 7 days, the REITS industry has dropped 1.2%, driven by H&R Real Estate Investment Trust declining 1.5%. In the past year, the industry has gained 8.7%. Looking forward, earnings are forecast to grow by 98% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Nov 2025CA$4.2bCA$1.2b-CA$56,640,720.008.2x-73.9x3.6x
Sun, 12 Oct 2025CA$4.8bCA$1.4b-CA$110,680,261.008.9x-43.4x3.5x
Tue, 09 Sep 2025CA$5.2bCA$1.4b-CA$110,680,261.008.7x-46.6x3.7x
Thu, 07 Aug 2025CA$5.0bCA$1.5b-CA$200,421,644.008.2x-24.9x3.2x
Sat, 05 Jul 2025CA$4.7bCA$1.6b-CA$195,408,672.007.8x-24.3x3.1x
Mon, 02 Jun 2025CA$4.7bCA$1.6b-CA$195,408,672.007.9x-23.9x3x
Wed, 30 Apr 2025CA$4.5bCA$1.6b-CA$160,113,792.007.8x-27.8x2.8x
Fri, 28 Mar 2025CA$4.7bCA$1.6b-CA$189,655,274.007.8x-24.9x2.9x
Sun, 23 Feb 2025CA$4.8bCA$1.7b-CA$257,037,479.0011.3x-18.5x2.8x
Tue, 21 Jan 2025CA$4.4bCA$1.7b-CA$391,634,479.0011x-11.3x2.7x
Thu, 19 Dec 2024CA$4.6bCA$1.7b-CA$391,634,479.0011.2x-11.7x2.8x
Sat, 16 Nov 2024CA$5.1bCA$1.8b-CA$398,329,474.0010.4x-12.8x2.9x
Mon, 14 Oct 2024CA$5.4bCA$1.9b-CA$474,273,724.009.1x-11.4x2.9x
Wed, 11 Sep 2024CA$5.2bCA$1.9b-CA$474,273,724.009x-11x2.8x
Fri, 09 Aug 2024CA$4.7bCA$1.8b-CA$339,026,459.008.2x-13.8x2.6x
Sun, 07 Jul 2024CA$4.5bCA$1.8b-CA$341,683,846.007.8x-13.1x2.5x
Tue, 04 Jun 2024CA$4.6bCA$1.8b-CA$341,683,846.008x-13.4x2.5x
Thu, 02 May 2024CA$4.5bCA$1.8b-CA$243,799,117.007.5x-18.5x2.5x
Sat, 30 Mar 2024CA$4.6bCA$1.8b-CA$236,724,569.007.5x-19.5x2.5x
Mon, 26 Feb 2024CA$4.6bCA$1.9b-CA$282,200,636.009.7x-16.2x2.4x
Wed, 24 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Fri, 22 Dec 2023CA$9.1bCA$2.2bCA$367.5m6.7x24.9x4.2x
Sun, 19 Nov 2023CA$8.9bCA$2.2bCA$370.3m6.7x24.1x4.1x
Tue, 17 Oct 2023CA$9.0bCA$2.0bCA$250.7m6.4x36x4.4x
Thu, 14 Sep 2023CA$9.4bCA$2.0bCA$250.7m7.1x37.5x4.6x
Sat, 12 Aug 2023CA$9.5bCA$2.0bCA$247.6m6.7x38.5x4.8x
Mon, 10 Jul 2023CA$9.5bCA$2.2bCA$515.8m5.4x18.4x4.4x
Wed, 07 Jun 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.7x4.5x
Fri, 05 May 2023CA$9.9bCA$2.2bCA$1.7b3.7x5.9x4.5x
Sun, 02 Apr 2023CA$10.4bCA$2.2bCA$1.7b4.2x6.1x4.8x
Tue, 28 Feb 2023CA$86.3bCA$14.1bCA$8.1b5.8x10.6x6.1x
Thu, 26 Jan 2023CA$86.5bCA$14.4bCA$11.1b5.3x7.8x6x
Sat, 24 Dec 2022CA$79.5bCA$14.4bCA$11.1b5.1x7.1x5.5x
Mon, 21 Nov 2022CA$80.1bCA$14.3bCA$11.1b5.2x7.2x5.6x
Price to Earnings Ratio

7.2x


Total Market Cap: CA$80.1bTotal Earnings: CA$11.1bTotal Revenue: CA$14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average -4.8x202320242025
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 3.7x.
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 57% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market1.65%
Real Estate-0.47%
REITS-1.19%
Healthcare REITs7.65%
Specialized REITs0.28%
Residential REITs0.099%
Retail REITs-0.12%
Hotel and Resort REITs-0.71%
Diversified REITs-1.19%
Industrial REITs-1.23%
Office REITs-1.35%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 36.6% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 108% over the next 5 years.
  • This is better than its past earnings decline of 25% 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?

CompanyLast Price7D1YValuation
BTB.UN BTB Real Estate Investment TrustCA$3.901.3%
+CA$4.4m		8.6%PB0.7x
NET.UN Canadian Net Real Estate Investment TrustCA$5.430.4%
+CA$412.0k		1.5%PB0.8x

Latest News

BTB.UN
CA$3.90
BTB Real Estate Investment Trust
7D
1.3%
1Y
8.6%
NET.UN
CA$5.43
Canadian Net Real Estate Investment Trust
7D
0.4%
1Y
1.5%
MRT.UN
CA$5.74
Morguard Real Estate Investment Trust
7D
-1.7%
1Y
2.5%
FCD.UN
CA$5.96
Firm Capital Property Trust
7D
-0.3%
1Y
0.5%
HR.UN
CA$11.07
H&R Real Estate Investment Trust
7D
-1.5%
1Y
10.5%