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Canadian (TSX) Residential REITs Industry Analysis

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies12
  • 7D-4.9%
  • 3M-21.8%
  • 1Y-8.1%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has dropped 4.9%, driven by a pullback from Canadian Apartment Properties Real Estate Investment Trust of 4.8%. However, the industry is down 8.1% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$18.5bCA$3.3bCA$995.2m7.9x18.6x5.7x
Mon, 18 Nov 2024CA$19.2bCA$3.2bCA$1.0b8.6x19.2x5.9x
Wed, 16 Oct 2024CA$21.4bCA$3.2bCA$791.4m6.3x27.1x6.7x
Fri, 13 Sep 2024CA$22.6bCA$3.2bCA$795.8m6.4x28.4x7x
Sun, 11 Aug 2024CA$20.6bCA$3.2bCA$716.7m5.8x28.7x6.4x
Tue, 09 Jul 2024CA$19.0bCA$3.2bCA$771.8m6.7x24.6x6x
Thu, 06 Jun 2024CA$18.8bCA$3.2bCA$770.9m6.8x24.4x5.9x
Sat, 04 May 2024CA$18.4bCA$3.1bCA$363.1m7.7x50.8x5.9x
Mon, 01 Apr 2024CA$19.9bCA$3.1bCA$181.0m7x110.1x6.4x
Wed, 28 Feb 2024CA$20.5bCA$3.1bCA$169.2m5.8x121.2x6.6x
Fri, 26 Jan 2024CA$19.5bCA$3.1b-CA$22,806,839.007.7x-854.8x6.4x
Sun, 24 Dec 2023CA$19.6bCA$3.1b-CA$19,136,442.007.6x-1025.7x6.4x
Tue, 21 Nov 2023CA$18.1bCA$3.1bCA$110.0m6.9x164.2x5.9x
Thu, 19 Oct 2023CA$18.2bCA$3.0bCA$705.2m23.1x25.8x6x
Sat, 16 Sep 2023CA$19.2bCA$3.0bCA$706.8m24.5x27.2x6.4x
Mon, 14 Aug 2023CA$19.4bCA$3.0bCA$704.5m11.3x27.6x6.5x
Wed, 12 Jul 2023CA$19.4bCA$2.9bCA$1.0b4.2x18.8x6.7x
Fri, 09 Jun 2023CA$19.2bCA$2.9bCA$1.0b4.3x18.6x6.6x
Sun, 07 May 2023CA$19.2bCA$2.9bCA$1.5b5.5x13.2x6.7x
Tue, 04 Apr 2023CA$18.7bCA$2.9bCA$1.5b3.5x12.3x6.4x
Thu, 02 Mar 2023CA$20.3bCA$3.0bCA$2.0b3.3x10x6.9x
Sat, 28 Jan 2023CA$20.2bCA$2.9bCA$3.1b2.4x6.4x6.9x
Mon, 26 Dec 2022CA$17.7bCA$2.9bCA$3.1b2.3x5.6x6.1x
Wed, 23 Nov 2022CA$18.1bCA$2.9bCA$3.1b2.2x5.9x6.3x
Fri, 21 Oct 2022CA$16.6bCA$2.8bCA$3.7b2.3x4.5x6x
Sun, 18 Sep 2022CA$18.5bCA$2.8bCA$3.6b2.7x5.1x6.7x
Tue, 16 Aug 2022CA$19.9bCA$2.8bCA$3.6b3.4x5.5x7.2x
Thu, 14 Jul 2022CA$18.1bCA$2.7bCA$3.6b3.8x5x6.8x
Sat, 11 Jun 2022CA$19.3bCA$2.7bCA$3.6b4.4x5.3x7.3x
Mon, 09 May 2022CA$20.0bCA$2.6bCA$3.6b5.8x5.5x7.7x
Wed, 06 Apr 2022CA$22.1bCA$2.6bCA$3.4b6.4x6.5x8.6x
Fri, 04 Mar 2022CA$22.5bCA$2.5bCA$3.2b6.8x6.9x8.9x
Sun, 30 Jan 2022CA$22.0bCA$2.5bCA$2.6b7.8x8.5x8.8x
Tue, 28 Dec 2021CA$23.1bCA$2.5bCA$2.6b8.3x8.9x9.3x
Price to Earnings Ratio

8.9x


Total Market Cap: CA$23.1bTotal Earnings: CA$2.6bTotal Revenue: CA$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -52x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Residential REITs 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 18.6x which is higher than its 3-year average PE of -52.0x.
  • The 3-year average PS ratio of 6.8x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 27% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.3% 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 Residential REITs compare with similar industries?

CA Market-3.68%
Real Estate-4.47%
REITS-4.38%
Residential REITs-4.93%
Specialized REITs-2.98%
Industrial REITs-3.93%
Retail REITs-4.16%
Diversified REITs-4.38%
Office REITs-4.45%
Healthcare REITs-5.32%
Hotel and Resort REITs-10.05%
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
ERE.UN European Residential Real Estate Investment TrustCA$3.773.0%
+CA$10.2m
47.8%PB0.6x
FCA.UN Firm Capital Apartment Real Estate Investment TrustCA$5.152.4%
+CA$925.8k
58.5%PB0.6x
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Latest News

KMP.UN

CA$17.17

Killam Apartment REIT

7D

-2.3%

1Y

-4.7%

DRR.UN

CA$9.31

Dream Residential Real Estate Investment Trust

7D

-6.6%

1Y

2.1%

IIP.UN

CA$10.05

InterRent Real Estate Investment Trust

7D

-2.5%

1Y

-23.0%