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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | CA$7.3b | CA$2.0b | CA$2.2b | 5.5x |
| Mon, 25 Apr 2022 | CA$8.3b | CA$2.2b | CA$1.3b | 6.4x |
| Wed, 23 Mar 2022 | CA$10.5b | CA$2.8b | CA$1.1b | 8.2x |
| Fri, 18 Feb 2022 | CA$10.2b | CA$2.7b | CA$938.7m | 8.8x |
| Sun, 16 Jan 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 8.9x |
| Tue, 14 Dec 2021 | CA$10.8b | CA$2.9b | CA$842.1m | 9.5x |
| Thu, 11 Nov 2021 | CA$11.2b | CA$2.9b | CA$951.9m | 10.5x |
| Sat, 09 Oct 2021 | CA$10.6b | CA$2.9b | CA$844.9m | 10.4x |
| Mon, 06 Sep 2021 | CA$10.2b | CA$2.9b | CA$844.9m | 7.7x |
| Wed, 04 Aug 2021 | CA$10.2b | CA$2.9b | CA$844.9m | 7.8x |
| Sat, 08 May 2021 | CA$9.2b | CA$2.9b | CA$150.0m | 9.4x |
| Tue, 09 Feb 2021 | CA$7.8b | CA$2.9b | -CA$1,216,691,335.00 | 11.9x |
| Mon, 02 Nov 2020 | CA$6.5b | CA$2.9b | -CA$614,895,933.00 | 9.2x |
| Thu, 06 Aug 2020 | CA$6.5b | CA$3.0b | -CA$681,556,006.00 | 6.9x |
| Sun, 10 May 2020 | CA$6.8b | CA$3.0b | -CA$104,848,853.00 | 4.7x |
| Sat, 01 Feb 2020 | CA$12.4b | CA$3.1b | CA$1.1b | 15.8x |
| Tue, 05 Nov 2019 | CA$12.4b | CA$2.9b | CA$253.6m | 13.4x |
| Fri, 09 Aug 2019 | CA$12.2b | CA$2.9b | CA$282.8m | 9.3x |
Median PE Ratio
11.1x
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 Market | 2.76% | |
| Real Estate | 1.63% | |
| REITS | 1.58% | |
| Diversified REITs | 3.12% | |
| Hotel and Resort REITs | 5.80% | |
| Industrial REITs | 2.62% | |
| Retail REITs | 1.69% | |
| Healthcare REITs | 1.47% | |
| Residential REITs | 0.58% | |
| Specialized REITs | 0.43% | |
| Office REITs | 0.32% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$13.70 | 3.6% +CA$131.9m | -14.0% | PB0.7x | |
| AX.UN Artis Real Estate Investment Trust | CA$13.06 | 3.1% +CA$46.4m | 18.2% | PB0.7x | |
| PRV.UN Pro Real Estate Investment Trust | CA$7.06 | 4.6% +CA$18.3m | 6.6% | PB0.9x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$5.30 | 2.9% +CA$9.6m | -13.5% | PB0.3x | |
| BTB.UN BTB Real Estate Investment Trust | CA$4.00 | 1.8% +CA$5.9m | -1.7% | PB0.8x |