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Canadian (TSX) Diversified REITs Industry Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies8
- 7D0.4%
- 3M-14.1%
- 1Y0.4%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has remained flat. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 110% 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 |
|---|---|---|---|---|---|---|
| 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$4.8b | CA$1.9b | -CA$454,597,636.00 | 8.6x | -10.6x | 2.5x |
| Wed, 03 Jan 2024 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 7.8x | -10.6x | 2.5x |
| Fri, 01 Dec 2023 | CA$4.4b | CA$1.9b | -CA$454,597,636.00 | 7.5x | -9.7x | 2.3x |
| Sun, 29 Oct 2023 | CA$4.3b | CA$1.8b | -CA$552,721,299.00 | 6.9x | -7.8x | 2.4x |
| Tue, 26 Sep 2023 | CA$4.8b | CA$1.8b | -CA$571,335,299.00 | 7.4x | -8.4x | 2.7x |
| Thu, 24 Aug 2023 | CA$5.0b | CA$1.8b | -CA$570,336,305.00 | 7.6x | -8.8x | 2.8x |
| Sat, 22 Jul 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.8x | 2.7x |
| Mon, 19 Jun 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.8x | 2.7x |
| Wed, 17 May 2023 | CA$5.1b | CA$1.9b | -CA$311,002,436.00 | 4x | -16.5x | 2.6x |
| Fri, 14 Apr 2023 | CA$5.8b | CA$1.9b | CA$889.9m | 3.9x | 6.5x | 3x |
| Sun, 12 Mar 2023 | CA$6.1b | CA$1.9b | CA$954.0m | 4x | 6.4x | 3.2x |
| Tue, 07 Feb 2023 | CA$6.3b | CA$2.0b | CA$1.6b | 5.3x | 4x | 3.2x |
| Thu, 05 Jan 2023 | CA$6.1b | CA$2.0b | CA$1.6b | 5.3x | 3.8x | 3.1x |
| Sat, 03 Dec 2022 | CA$6.1b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Mon, 31 Oct 2022 | CA$5.8b | CA$2.1b | CA$2.0b | 4.4x | 2.9x | 2.8x |
| Wed, 28 Sep 2022 | CA$5.5b | CA$2.1b | CA$2.0b | 4x | 2.7x | 2.6x |
| Fri, 26 Aug 2022 | CA$6.7b | CA$2.1b | CA$2.0b | 4.4x | 3.3x | 3.2x |
| Sun, 24 Jul 2022 | CA$6.7b | CA$2.0b | CA$2.2b | 5.1x | 3x | 3.4x |
| Tue, 21 Jun 2022 | CA$6.6b | CA$2.0b | CA$2.2b | 5x | 2.9x | 3.4x |
| Thu, 19 May 2022 | CA$7.1b | CA$2.0b | CA$2.2b | 5.3x | 3.2x | 3.6x |
| Sat, 16 Apr 2022 | CA$8.3b | CA$2.2b | CA$1.3b | 6.5x | 6.6x | 3.8x |
| Mon, 14 Mar 2022 | CA$10.3b | CA$2.8b | CA$1.1b | 8.2x | 9.6x | 3.6x |
| Wed, 09 Feb 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 9x | 12.1x | 3.6x |
| Fri, 07 Jan 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 8.9x | 12.1x | 3.6x |
Price to Earnings Ratio
12.1x
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 2.9x.
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 16% per year, which is driving profits down.
Industry Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | -0.46% | |
| Real Estate | -0.86% | |
| REITS | 0.37% | |
| Diversified REITs | 0.37% | |
| Hotel and Resort REITs | 10.24% | |
| Specialized REITs | 0.18% | |
| Residential REITs | 0.054% | |
| Retail REITs | -0.86% | |
| Office REITs | -1.40% | |
| Industrial REITs | -1.44% | |
| Healthcare REITs | -1.78% | |
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 | |
|---|---|---|---|---|---|
| BTB.UN BTB Real Estate Investment Trust | CA$3.42 | 2.1% +CA$6.1m | 16.7% | PB0.6x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$5.49 | 1.5% +CA$5.1m | 2.8% | PB0.4x | |
| AX.UN Artis Real Estate Investment Trust | CA$7.30 | 0.7% +CA$5.1m | 10.1% | PB0.5x | |
| NNL.U Nova Net Lease REIT | US$0.38 | 82.9% +US$1.3m | 650.0% | PB0.2x | |
| MR.UN Melcor Real Estate Investment Trust | CA$5.24 | 1.4% +CA$907.4k | 26.3% | PB0.4x |