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Canadian (TSX) Diversified REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies9
- 7D-2.0%
- 3M5.2%
- 1Y13.4%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 2.5%, driven by H&R Real Estate Investment Trust declining 3.1%. On the other hand Nova Net Lease REIT is actually up 233%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 116% per annum.
Industry Valuation and Performance
Has the Canadian Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CA$5.1b | CA$1.8b | -CA$388,395,613.00 | 11.3x | -13x | 2.9x |
| Sat, 19 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Mon, 16 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.2x | -11.7x | 2.9x |
| Wed, 14 Aug 2024 | CA$4.7b | CA$1.8b | -CA$242,052,459.00 | 8.7x | -19.5x | 2.6x |
| Fri, 12 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.1x | 2.5x |
| Sun, 09 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.4x | 2.5x |
| Tue, 07 May 2024 | CA$4.6b | CA$1.8b | -CA$259,777,117.00 | 7.7x | -17.6x | 2.5x |
| Thu, 04 Apr 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.7x | -19.2x | 2.5x |
| Sat, 02 Mar 2024 | CA$4.4b | CA$1.9b | -CA$282,235,636.00 | 9.5x | -15.5x | 2.3x |
| Mon, 29 Jan 2024 | CA$4.9b | CA$1.9b | -CA$454,597,636.00 | 8.7x | -10.8x | 2.5x |
| Wed, 27 Dec 2023 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 7.7x | -10.5x | 2.5x |
| Fri, 24 Nov 2023 | CA$4.5b | CA$1.9b | -CA$456,414,564.00 | 7.6x | -9.8x | 2.3x |
| Sun, 22 Oct 2023 | CA$4.4b | CA$1.8b | -CA$571,335,299.00 | 6.9x | -7.7x | 2.5x |
| Tue, 19 Sep 2023 | CA$5.1b | CA$1.8b | -CA$571,335,299.00 | 7.7x | -8.9x | 2.8x |
| Thu, 17 Aug 2023 | CA$5.0b | CA$1.9b | -CA$574,470,896.00 | 7.6x | -8.8x | 2.7x |
| Sat, 15 Jul 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.7x | 2.7x |
| Mon, 12 Jun 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.8x | -16.7x | 2.7x |
| Wed, 10 May 2023 | CA$5.4b | CA$1.9b | CA$857.4m | 3.6x | 6.3x | 2.8x |
| Fri, 07 Apr 2023 | CA$5.8b | CA$1.9b | CA$880.7m | 4x | 6.6x | 3x |
| Sun, 05 Mar 2023 | CA$6.3b | CA$1.9b | CA$960.4m | 4.1x | 6.6x | 3.3x |
| Tue, 31 Jan 2023 | CA$6.4b | CA$2.0b | CA$1.6b | 5.4x | 4x | 3.2x |
| Thu, 29 Dec 2022 | CA$5.9b | CA$2.0b | CA$1.6b | 5.2x | 3.7x | 3x |
| Sat, 26 Nov 2022 | CA$6.2b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Mon, 24 Oct 2022 | CA$5.6b | CA$2.1b | CA$2.0b | 4.1x | 2.8x | 2.7x |
| Wed, 21 Sep 2022 | CA$6.1b | CA$2.1b | CA$2.0b | 4.2x | 3x | 2.9x |
| Fri, 19 Aug 2022 | CA$6.7b | CA$2.1b | CA$2.0b | 4.5x | 3.3x | 3.2x |
| Sun, 17 Jul 2022 | CA$6.4b | CA$2.0b | CA$2.2b | 4.9x | 2.9x | 3.3x |
| Tue, 14 Jun 2022 | CA$6.9b | CA$2.0b | CA$2.2b | 5.2x | 3.1x | 3.5x |
| Thu, 12 May 2022 | CA$6.5b | CA$2.1b | CA$1.4b | 6x | 4.7x | 3.2x |
| Sat, 09 Apr 2022 | CA$8.3b | CA$2.2b | CA$1.3b | 7.4x | 6.6x | 3.8x |
| Mon, 07 Mar 2022 | CA$10.3b | CA$2.8b | CA$1.1b | 8x | 9.6x | 3.6x |
| Wed, 02 Feb 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 8.9x | 12.1x | 3.6x |
| Fri, 31 Dec 2021 | CA$11.1b | CA$2.9b | CA$842.1m | 9.7x | 13.2x | 3.9x |
| Sun, 28 Nov 2021 | CA$11.1b | CA$2.9b | CA$842.1m | 9.7x | 13.1x | 3.9x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are relatively neutral on the Canadian Diversified 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 3.0x.
Past Earnings Growth
- Total earnings for the Diversified 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 Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | 0.67% | |
| Real Estate | -0.75% | |
| REITS | -2.05% | |
| Diversified REITs | -2.05% | |
| Residential REITs | 0.37% | |
| Retail REITs | 0.27% | |
| Hotel and Resort REITs | -0.43% | |
| Industrial REITs | -0.88% | |
| Office REITs | -1.85% | |
| Healthcare REITs | -2.59% | |
| Specialized REITs | -4.94% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NNL.U Nova Net Lease REIT | US$0.30 | 233.3% +US$1.6m | 500.0% | PB0.2x |