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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jan 2025CA$4.4bCA$1.7b-CA$391,634,479.0011x-11.3x2.6x
Sun, 22 Dec 2024CA$4.5bCA$1.7b-CA$391,634,479.0011.3x-11.4x2.7x
Tue, 19 Nov 2024CA$5.1bCA$1.8b-CA$398,329,474.0010.5x-12.9x2.9x
Thu, 17 Oct 2024CA$5.5bCA$1.9b-CA$474,273,724.009.4x-11.6x2.9x
Sat, 14 Sep 2024CA$5.4bCA$1.9b-CA$474,273,724.009.2x-11.5x2.9x
Mon, 12 Aug 2024CA$4.7bCA$1.8b-CA$242,052,459.008.5x-19.5x2.6x
Wed, 10 Jul 2024CA$4.5bCA$1.8b-CA$341,683,846.007.9x-13.3x2.5x
Fri, 07 Jun 2024CA$4.7bCA$1.8b-CA$341,683,846.008.1x-13.6x2.6x
Sun, 05 May 2024CA$4.5bCA$1.8b-CA$259,777,117.007.6x-17.5x2.5x
Tue, 02 Apr 2024CA$4.6bCA$1.8b-CA$236,724,569.007.6x-19.5x2.5x
Thu, 29 Feb 2024CA$4.5bCA$1.9b-CA$282,235,636.009.4x-15.9x2.4x
Sat, 27 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Mon, 25 Dec 2023CA$9.2bCA$2.2bCA$367.5m6.8x25.1x4.2x
Wed, 22 Nov 2023CA$9.0bCA$2.2bCA$370.3m6.7x24.2x4.1x
Fri, 20 Oct 2023CA$8.9bCA$2.0bCA$250.7m6.4x35.6x4.4x
Sun, 17 Sep 2023CA$9.6bCA$2.0bCA$250.7m7.3x38.1x4.7x
Tue, 15 Aug 2023CA$9.5bCA$2.1bCA$247.6m6.6x38.5x4.5x
Thu, 13 Jul 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.5x4.4x
Sat, 10 Jun 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.5x4.4x
Mon, 08 May 2023CA$9.9bCA$2.2bCA$1.7b3.7x5.9x4.6x
Wed, 05 Apr 2023CA$10.3bCA$2.2bCA$1.7b4.1x6.1x4.8x
Fri, 03 Mar 2023CA$85.6bCA$14.1bCA$7.8b6.3x11x6.1x
Sun, 29 Jan 2023CA$86.9bCA$14.4bCA$11.1b5.4x7.8x6x
Tue, 27 Dec 2022CA$79.6bCA$14.4bCA$11.1b5.1x7.2x5.5x
Thu, 24 Nov 2022CA$81.0bCA$14.3bCA$11.1b5.3x7.3x5.6x
Sat, 22 Oct 2022CA$73.8bCA$14.3bCA$13.2b4.4x5.6x5.2x
Mon, 19 Sep 2022CA$80.2bCA$14.3bCA$13.2b4.5x6.1x5.6x
Wed, 17 Aug 2022CA$86.4bCA$14.2bCA$13.2b4.9x6.5x6.1x
Fri, 15 Jul 2022CA$79.0bCA$13.8bCA$14.6b4.7x5.4x5.7x
Sun, 12 Jun 2022CA$85.5bCA$13.7bCA$14.6b5.1x5.9x6.2x
Tue, 10 May 2022CA$88.1bCA$13.6bCA$13.1b6.2x6.7x6.5x
Thu, 07 Apr 2022CA$95.6bCA$13.5bCA$11.7b8.5x8.2x7.1x
Sat, 05 Mar 2022CA$98.2bCA$14.1bCA$11.0b8.3x8.9x7x
Mon, 31 Jan 2022CA$94.7bCA$13.8bCA$9.4b9x10.1x6.9x
Price to Earnings Ratio

10.1x


Total Market Cap: CA$94.7bTotal Earnings: CA$9.4bTotal Revenue: CA$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average 5.3x202320242025
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 Market2.29%
Real Estate0.36%
REITS0.10%
Hotel and Resort REITs2.25%
Healthcare REITs1.78%
Industrial REITs1.19%
Office REITs0.80%
Specialized REITs0.28%
Diversified REITs0.10%
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?

CompanyLast Price7D1YValuation
AX.UN Artis Real Estate Investment TrustCA$7.221.5%
+CA$11.1m
7.0%PB0.5x
MRT.UN Morguard Real Estate Investment TrustCA$5.550.9%
+CA$3.2m
2.8%PB0.4x
FCD.UN Firm Capital Property TrustCA$5.730.9%
+CA$1.8m
15.3%PB0.7x
BTB.UN BTB Real Estate Investment TrustCA$3.350.3%
+CA$880.2k
7.0%PB0.6x
NET.UN Canadian Net Real Estate Investment TrustCA$5.160.8%
+CA$822.4k
3.8%PB0.8x
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Latest News

NET.UN

CA$5.16

Canadian Net Real Estate Investment Trust

7D

0.8%

1Y

3.8%

FCD.UN

CA$5.73

Firm Capital Property Trust

7D

0.9%

1Y

15.3%

MR.UN

CA$5.22

Melcor Real Estate Investment Trust

7D

0.4%

1Y

5.7%