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Canadian (TSX) REITS Industry Analysis
UpdatedApr 07, 2026
DataAggregated Company Financials
Companies5
- 7D1.4%
- 3M-4.3%
- 1Y9.0%
- YTD-2.3%
All of the companies in the REITS industry have been up over the last week, with the industry up 1.1%. This takes the industry's 12 month performance to a gain of 5.9%. Looking forward, earnings are forecast to grow by 116% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 07 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.3x | 2.9x |
| Thu, 05 Mar 2026 | CA$4.1b | CA$1.3b | -CA$753,336,722.00 | 11.9x | -5.4x | 3x |
| Sat, 31 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.4x | -11.1x | 3.1x |
| Mon, 29 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Wed, 26 Nov 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.5x | 3x |
| Fri, 24 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.1x | -44.6x | 3.6x |
| Sun, 21 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.1x | 3.7x |
| Tue, 19 Aug 2025 | CA$5.1b | CA$1.4b | -CA$118,247,644.00 | 8.6x | -42.8x | 3.7x |
| Thu, 17 Jul 2025 | CA$5.2b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -26.5x | 3.3x |
| Sat, 14 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.6x | 3.1x |
| Mon, 12 May 2025 | CA$4.5b | CA$1.5b | -CA$121,473,149.00 | 7.8x | -37x | 2.9x |
| Wed, 09 Apr 2025 | CA$4.4b | CA$1.6b | -CA$190,710,792.00 | 7x | -23.2x | 2.7x |
| Fri, 07 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.7x | -19.9x | 2.9x |
| Sun, 02 Feb 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.5x | 2.7x |
| Tue, 31 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.8x | -11.5x | 2.7x |
| Thu, 28 Nov 2024 | CA$5.0b | CA$1.8b | -CA$391,286,479.00 | 13x | -12.9x | 2.8x |
| Sat, 26 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.5x | 2.9x |
| Mon, 23 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Wed, 21 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.6x | -10.3x | 2.9x |
| Fri, 19 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.8x | 2.6x |
| Sun, 16 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.2x | 2.5x |
| Tue, 14 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8.1x | -16.5x | 2.5x |
| Thu, 11 Apr 2024 | CA$4.7b | CA$1.8b | -CA$243,799,117.00 | 7.7x | -19.4x | 2.6x |
| Sat, 09 Mar 2024 | CA$4.5b | CA$1.8b | -CA$241,919,636.00 | 9.6x | -18.5x | 2.5x |
| Mon, 05 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.2x | 4.2x |
| Wed, 03 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 6.9x | 25.2x | 4.2x |
| Fri, 01 Dec 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.7x | 24.1x | 4.1x |
| Sun, 29 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.2x | 32.6x | 4.3x |
| Tue, 26 Sep 2023 | CA$9.3b | CA$2.0b | CA$250.7m | 6.9x | 37x | 4.5x |
| Thu, 24 Aug 2023 | CA$9.5b | CA$2.0b | CA$251.7m | 7.4x | 37.7x | 4.7x |
| Sat, 22 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Mon, 19 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Wed, 17 May 2023 | CA$9.6b | CA$2.2b | CA$511.1m | 5.4x | 18.7x | 4.4x |
| Fri, 14 Apr 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 3.9x | 6x | 4.7x |
Price to Earnings Ratio
6x
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 3.3x 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 15% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 3.67% | |
| Real Estate | 3.19% | |
| REITS | 1.37% | |
| Office REITs | 4.56% | |
| Industrial REITs | 4.11% | |
| Retail REITs | 3.47% | |
| Healthcare REITs | 2.68% | |
| Specialized REITs | 2.41% | |
| Residential REITs | 2.05% | |
| Diversified REITs | 1.37% | |
| Hotel and Resort REITs | -1.21% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 47.4%, which is higher than its past year's earnings growth of 13.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 137% over the next 5 years.
- This is better than its past earnings growth rate of 48% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 14% 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$9.93 | 1.4% +CA$37.0m | 5.4% | PB0.6x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.85 | 2.1% +CA$7.1m | 23.0% | PB0.7x | |
| FCD.UN Firm Capital Property Trust | CA$6.16 | 1.7% +CA$3.7m | 8.9% | PB0.7x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.26 | 2.3% +CA$2.9m | 21.8% | PB0.9x |