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Canadian (TSX) Diversified REITs Industry Analysis

UpdatedMay 28, 2022
DataAggregated Company Financials
Companies9
  • 7D3.1%
  • 3M2.0%
  • 1Y-6.0%
  • YTD-7.3%

Over the last 7 days, the Diversified REITs industry has remained flat, although notably H&R Real Estate Investment Trust gained 3.6%. Unfortunately though, the industry is down 6.8% over the past 12 months. In the next few years, earnings are forecast to decline by 62% annually.

Industry Valuation and Performance

Has the Canadian Diversified REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sat, 28 May 2022CA$7.3bCA$2.0bCA$2.2b5.5x
Mon, 25 Apr 2022CA$8.3bCA$2.2bCA$1.3b6.4x
Wed, 23 Mar 2022CA$10.5bCA$2.8bCA$1.1b8.2x
Fri, 18 Feb 2022CA$10.2bCA$2.7bCA$938.7m8.8x
Sun, 16 Jan 2022CA$10.2bCA$2.9bCA$842.1m8.9x
Tue, 14 Dec 2021CA$10.8bCA$2.9bCA$842.1m9.5x
Thu, 11 Nov 2021CA$11.2bCA$2.9bCA$951.9m10.5x
Sat, 09 Oct 2021CA$10.6bCA$2.9bCA$844.9m10.4x
Mon, 06 Sep 2021CA$10.2bCA$2.9bCA$844.9m7.7x
Wed, 04 Aug 2021CA$10.2bCA$2.9bCA$844.9m7.8x
Sat, 08 May 2021CA$9.2bCA$2.9bCA$150.0m9.4x
Tue, 09 Feb 2021CA$7.8bCA$2.9b-CA$1,216,691,335.0011.9x
Mon, 02 Nov 2020CA$6.5bCA$2.9b-CA$614,895,933.009.2x
Thu, 06 Aug 2020CA$6.5bCA$3.0b-CA$681,556,006.006.9x
Sun, 10 May 2020CA$6.8bCA$3.0b-CA$104,848,853.004.7x
Sat, 01 Feb 2020CA$12.4bCA$3.1bCA$1.1b15.8x
Tue, 05 Nov 2019CA$12.4bCA$2.9bCA$253.6m13.4x
Fri, 09 Aug 2019CA$12.2bCA$2.9bCA$282.8m9.3x
Median PE Ratio

11.1x


Total Market Cap: CA$12.2bTotal Earnings: CA$368.5mTotal Revenue: CA$2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified REITs Industry Median PE3Y Average 9.8x202020212022
Current Industry PE
  • Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 5.4x which is lower than its 3-year average PE of 9.8x.
  • Given that earnings are expected to decline by 62%, the lower than average PE seems justified.
Past Earnings Growth
  • The earnings for companies in the Diversified REITs industry have grown 82% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Canadian Diversified REITs compare with similar industries?

CA Market2.76%
Real Estate1.63%
REITS1.58%
Diversified REITs3.12%
Hotel and Resort REITs5.80%
Industrial REITs2.62%
Retail REITs1.69%
Healthcare REITs1.47%
Residential REITs0.58%
Specialized REITs0.43%
Office REITs0.32%
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
HR.UN H&R Real Estate Investment TrustCA$13.703.6%
+CA$131.9m
-14.0%PB0.7x
AX.UN Artis Real Estate Investment TrustCA$13.063.1%
+CA$46.4m
18.2%PB0.7x
PRV.UN Pro Real Estate Investment TrustCA$7.064.6%
+CA$18.3m
6.6%PB0.9x
MRT.UN Morguard Real Estate Investment TrustCA$5.302.9%
+CA$9.6m
-13.5%PB0.3x
BTB.UN BTB Real Estate Investment TrustCA$4.001.8%
+CA$5.9m
-1.7%PB0.8x
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