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Canadian (TSX) Industrial REITs Industry Analysis

UpdatedApr 24, 2024
DataAggregated Company Financials
Companies3
  • 7D1.4%
  • 3M-6.6%
  • 1Y-16.1%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has dropped 5.2%, driven by declines from every company within the industry. The industry has fallen 16% in the last year. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Apr 2024CA$8.7bCA$1.1bCA$401.0m32.3x21.7x7.8x
Fri, 22 Mar 2024CA$9.2bCA$1.1bCA$401.0m33.7x23x8.2x
Sun, 18 Feb 2024CA$9.3bCA$1.1bCA$224.3m19.7x41.7x8.4x
Tue, 16 Jan 2024CA$14.1bCA$1.3bCA$1.0b5.4x13.8x10.5x
Thu, 14 Dec 2023CA$13.6bCA$1.3bCA$1.0b5.4x13.3x10.1x
Sat, 11 Nov 2023CA$12.7bCA$1.3bCA$984.1m5.4x12.9x9.4x
Mon, 09 Oct 2023CA$13.4bCA$1.3bCA$932.9m5.4x14.4x10.3x
Wed, 06 Sep 2023CA$13.9bCA$1.3bCA$932.9m5.4x14.9x10.7x
Fri, 04 Aug 2023CA$14.1bCA$1.3bCA$750.5m5.4x18.7x11x
Sun, 02 Jul 2023CA$14.2bCA$1.3bCA$841.6m5.4x16.9x11.2x
Tue, 30 May 2023CA$14.2bCA$1.3bCA$841.6m5.6x16.8x11.2x
Thu, 27 Apr 2023CA$14.6bCA$1.3bCA$1.8b5.5x8.1x11.6x
Sat, 25 Mar 2023CA$4.5bCA$256.2mCA$822.1m5.4x5.4x17.4x
Mon, 20 Feb 2023CA$15.0bCA$1.2bCA$2.3b5.4x6.4x12.2x
Wed, 18 Jan 2023CA$13.8bCA$1.2bCA$2.2b5.8x6.2x11.2x
Fri, 16 Dec 2022CA$13.3bCA$1.2bCA$2.2b5.7x6x10.8x
Sun, 13 Nov 2022CA$13.4bCA$1.2bCA$2.2b6.4x6.1x10.9x
Tue, 11 Oct 2022CA$11.0bCA$1.2bCA$2.9b3.8x3.7x9.3x
Thu, 08 Sep 2022CA$12.3bCA$1.2bCA$2.9b4.3x4.2x10.4x
Sat, 06 Aug 2022CA$13.1bCA$1.1bCA$3.9b3.3x3.4x11.4x
Mon, 04 Jul 2022CA$12.5bCA$1.1bCA$3.9b3.3x3.2x11.3x
Wed, 01 Jun 2022CA$14.4bCA$1.1bCA$3.9b3.8x3.7x13.1x
Fri, 29 Apr 2022CA$14.6bCA$943.9mCA$3.1b4.9x4.8x15.4x
Sun, 27 Mar 2022CA$14.5bCA$943.9mCA$3.1b4.8x4.8x15.4x
Tue, 22 Feb 2022CA$13.9bCA$931.8mCA$2.9b5.2x4.8x14.9x
Thu, 20 Jan 2022CA$14.4bCA$881.9mCA$2.7b5.7x5.3x16.3x
Sat, 18 Dec 2021CA$14.9bCA$881.9mCA$2.7b5.9x5.4x16.9x
Mon, 15 Nov 2021CA$17.1bCA$1.2bCA$3.2b5.3x5.3x14.8x
Wed, 13 Oct 2021CA$16.0bCA$1.1bCA$2.6b6.1x6.1x14.5x
Fri, 10 Sep 2021CA$15.6bCA$1.1bCA$2.6b6.1x6x14.1x
Sun, 08 Aug 2021CA$14.2bCA$1.1bCA$2.6b5.4x5.4x12.8x
Sat, 01 May 2021CA$11.7bCA$1.1bCA$1.4b8.6x8.5x11.2x
Price to Earnings Ratio

8.5x


Total Market Cap: CA$11.7bTotal Earnings: CA$1.4bTotal Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrial REITs Industry Price to Earnings3Y Average 9.6x202220232024
Current Industry PE
    There are only 3 companies in the Canadian Industrial REITs industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 34% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Canadian Industrial REITs compare with similar industries?

CA Market1.25%
Real Estate1.80%
REITS2.55%
Industrial REITs1.43%
Hotel and Resort REITs24.61%
Office REITs5.98%
Residential REITs2.84%
Retail REITs2.63%
Diversified REITs2.55%
Specialized REITs2.44%
Healthcare REITs2.09%
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?

CompanyLast Price7D1YValuation
DIR.UN Dream Industrial Real Estate Investment TrustCA$12.591.9%
+CA$65.9m		-13.6%PB0.8x
GRT.UN Granite Real Estate Investment TrustCA$69.680.7%
+CA$32.3m		-16.4%PB0.8x
NXR.UN Nexus Industrial REITCA$7.293.3%
+CA$15.8m		-25.4%PB0.5x
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Latest News

DIR.UN

CA$12.59

Dream Industrial Real Estate Investment Trust

7D

1.9%

1Y

-13.6%

NXR.UN

CA$7.29

Nexus Industrial REIT

7D

3.3%

1Y

-25.4%

GRT.UN

CA$69.68

Granite Real Estate Investment Trust

7D

0.7%

1Y

-16.4%