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Canadian (TSX) Diversified REITs Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies6
- 7D1.2%
- 3M8.0%
- 1Y4.8%
- YTDn/a
The Diversified REITs industry is up 1.2% in the last week, with H&R Real Estate Investment Trust up 1.3%. In the last 12 months, the industry was up 4.8%. Earnings are forecast to grow by 99% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | CA$5.2b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.7x | 3.7x |
| Thu, 14 Aug 2025 | CA$5.0b | CA$1.6b | -CA$224,543,644.00 | 8.4x | -22.3x | 3.2x |
| Sat, 12 Jul 2025 | CA$5.3b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -27x | 3.4x |
| Mon, 09 Jun 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.3x | 3.1x |
| Wed, 07 May 2025 | CA$4.5b | CA$1.6b | -CA$135,003,792.00 | 7.8x | -33x | 2.9x |
| Fri, 04 Apr 2025 | CA$4.7b | CA$1.6b | -CA$190,710,792.00 | 7.7x | -24.9x | 2.9x |
| Sun, 02 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.8x | -19.8x | 2.8x |
| Tue, 28 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.4x | 2.7x |
| Thu, 26 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.4x | 2.7x |
| Sat, 23 Nov 2024 | CA$5.0b | CA$1.8b | -CA$388,395,613.00 | 11.1x | -13x | 2.8x |
| Mon, 21 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Wed, 18 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.6x | 2.9x |
| Fri, 16 Aug 2024 | CA$4.7b | CA$1.7b | -CA$461,867,459.00 | 8.6x | -10.2x | 2.7x |
| Sun, 14 Jul 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.5x | 2.6x |
| Tue, 11 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Thu, 09 May 2024 | CA$4.5b | CA$1.8b | -CA$261,426,117.00 | 7.9x | -17.3x | 2.5x |
| Sat, 06 Apr 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.7x | -19.2x | 2.5x |
| Mon, 04 Mar 2024 | CA$4.4b | CA$1.9b | -CA$228,340,636.00 | 9.5x | -19.4x | 2.4x |
| Wed, 31 Jan 2024 | CA$4.9b | CA$1.9b | -CA$454,597,636.00 | 8.6x | -10.8x | 2.5x |
| Fri, 29 Dec 2023 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 7.8x | -10.5x | 2.5x |
| Sun, 26 Nov 2023 | CA$4.5b | CA$1.9b | -CA$454,597,636.00 | 7.7x | -9.8x | 2.3x |
| Tue, 24 Oct 2023 | CA$4.4b | CA$1.8b | -CA$571,335,299.00 | 6.9x | -7.7x | 2.5x |
| Thu, 21 Sep 2023 | CA$5.0b | CA$1.8b | -CA$571,335,299.00 | 7.6x | -8.7x | 2.8x |
| Sat, 19 Aug 2023 | CA$5.0b | CA$1.9b | -CA$570,336,305.00 | 7.7x | -8.8x | 2.7x |
| Mon, 17 Jul 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.7x | 2.7x |
| Wed, 14 Jun 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.6x | 2.7x |
| Fri, 12 May 2023 | CA$5.2b | CA$1.9b | CA$823.9m | 3.4x | 6.4x | 2.7x |
| Sun, 09 Apr 2023 | CA$5.8b | CA$1.9b | CA$889.9m | 3.9x | 6.5x | 3x |
| Tue, 07 Mar 2023 | CA$6.3b | CA$1.9b | CA$960.4m | 4.1x | 6.6x | 3.3x |
| Thu, 02 Feb 2023 | CA$6.4b | CA$2.0b | CA$1.6b | 5.3x | 4x | 3.2x |
| Sat, 31 Dec 2022 | CA$6.0b | CA$2.0b | CA$1.6b | 5.1x | 3.8x | 3x |
| Mon, 28 Nov 2022 | CA$6.2b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Wed, 26 Oct 2022 | CA$5.7b | CA$2.1b | CA$2.0b | 4.1x | 2.8x | 2.7x |
| Fri, 23 Sep 2022 | CA$5.9b | CA$2.1b | CA$2.0b | 4.1x | 2.9x | 2.8x |
Price to Earnings Ratio
2.9x
Current Industry PE
- Investors are optimistic on the Canadian Diversified REITs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.7x.
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 13% per year, which is driving profits down.
Industry Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | 1.06% | |
| Real Estate | 0.30% | |
| REITS | 1.23% | |
| Diversified REITs | 1.23% | |
| Office REITs | 3.17% | |
| Retail REITs | 0.91% | |
| Healthcare REITs | 0.78% | |
| Industrial REITs | -0.10% | |
| Residential REITs | -1.02% | |
| Specialized REITs | -1.62% | |
| Hotel and Resort REITs | -2.03% | |
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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$12.12 | 1.3% +CA$42.0m | 7.4% | PB0.7x | |
| AX.UN Artis Real Estate Investment Trust | CA$7.56 | 3.0% +CA$21.2m | -3.2% | PB0.6x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$5.78 | 0.4% +CA$1.6m | 1.4% | PB0.4x |