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Canadian (TSX) Residential REITs Industry Analysis

UpdatedApr 24, 2024
DataAggregated Company Financials
Companies12
  • 7D2.8%
  • 3M-4.0%
  • 1Y-2.0%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has dropped 2.0%, driven by Canadian Apartment Properties Real Estate Investment Trust declining 0.2%. Overall the industry is down 4.6% in 12 months. As for the next few years, earnings are expected to grow by 86% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Apr 2024CA$18.7bCA$3.1bCA$178.1m6.6x105x6x
Fri, 22 Mar 2024CA$20.5bCA$3.1bCA$180.4m7.3x113.7x6.6x
Sun, 18 Feb 2024CA$20.5bCA$3.1bCA$140.2m7.1x146.5x6.7x
Tue, 16 Jan 2024CA$19.7bCA$3.1b-CA$23,407,735.007.7x-841.9x6.4x
Thu, 14 Dec 2023CA$19.6bCA$3.1b-CA$24,259,273.007.7x-806.7x6.4x
Sat, 11 Nov 2023CA$18.0bCA$3.1bCA$222.4m7x80.9x5.9x
Mon, 09 Oct 2023CA$18.2bCA$3.0bCA$705.2m23.2x25.9x6.1x
Wed, 06 Sep 2023CA$19.3bCA$3.0bCA$704.1m11.2x27.4x6.4x
Fri, 04 Aug 2023CA$19.4bCA$3.0bCA$815.3m5.3x23.8x6.6x
Sun, 02 Jul 2023CA$19.3bCA$2.9bCA$1.0b4.3x18.7x6.6x
Tue, 30 May 2023CA$18.9bCA$2.9bCA$1.0b4.4x18.1x6.5x
Thu, 27 Apr 2023CA$18.9bCA$2.9bCA$1.6b3.3x12x6.6x
Sat, 25 Mar 2023CA$6.5bCA$1.1bCA$841.1m4.7x7.7x6.1x
Mon, 20 Feb 2023CA$20.8bCA$2.9bCA$2.7b3.3x7.7x7.2x
Wed, 18 Jan 2023CA$19.7bCA$2.9bCA$3.1b2.3x6.3x6.8x
Fri, 16 Dec 2022CA$18.0bCA$2.9bCA$3.1b2.3x5.7x6.2x
Sun, 13 Nov 2022CA$18.3bCA$2.8bCA$3.1b2.5x6x6.4x
Tue, 11 Oct 2022CA$16.8bCA$2.8bCA$3.7b2.4x4.6x6x
Thu, 08 Sep 2022CA$18.5bCA$2.8bCA$3.6b2.8x5.1x6.7x
Sat, 06 Aug 2022CA$19.4bCA$2.7bCA$3.9b4.2x5x7.2x
Mon, 04 Jul 2022CA$18.2bCA$2.7bCA$3.6b3.9x5x6.8x
Wed, 01 Jun 2022CA$20.7bCA$2.7bCA$3.6b4.6x5.7x7.8x
Fri, 29 Apr 2022CA$21.5bCA$2.6bCA$3.5b6.5x6.1x8.4x
Sun, 27 Mar 2022CA$22.8bCA$2.6bCA$3.4b6.5x6.7x8.9x
Tue, 22 Feb 2022CA$22.3bCA$2.5bCA$2.8b7.6x8.1x8.9x
Thu, 20 Jan 2022CA$22.8bCA$2.5bCA$2.6b8x8.9x9.2x
Sat, 18 Dec 2021CA$22.4bCA$2.5bCA$2.6b8.3x8.7x9x
Mon, 15 Nov 2021CA$23.4bCA$2.5bCA$2.5b8.6x9.4x9.4x
Wed, 13 Oct 2021CA$22.3bCA$2.4bCA$2.1b9.4x10.5x9.1x
Fri, 10 Sep 2021CA$20.5bCA$2.4bCA$2.1b8.7x9.6x8.4x
Sun, 08 Aug 2021CA$20.6bCA$2.4bCA$2.1b8.7x9.7x8.4x
Sat, 01 May 2021CA$17.6bCA$2.4bCA$1.3b10.5x13.2x7.3x
Price to Earnings Ratio

13.2x


Total Market Cap: CA$17.6bTotal Earnings: CA$1.3bTotal Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average -56.3x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Residential REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 105x which is higher than its 3-year average PE of -56.3x.
  • The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 49% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.8% 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 Market1.25%
Real Estate1.80%
REITS2.55%
Residential REITs2.84%
Hotel and Resort REITs24.61%
Office REITs5.98%
Retail REITs2.63%
Diversified REITs2.55%
Specialized REITs2.44%
Healthcare REITs2.09%
Industrial REITs1.43%
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
BEI.UN Boardwalk Real Estate Investment TrustCA$74.034.7%
+CA$163.0m		28.8%PB0.8x
CAR.UN Canadian Apartment Properties Real Estate Investment TrustCA$43.041.3%
+CA$92.9m		-11.1%PB0.8x
KMP.UN Killam Apartment REITCA$17.423.6%
+CA$72.4m		3.9%PB0.8x
IIP.UN InterRent Real Estate Investment TrustCA$12.263.9%
+CA$66.8m		-3.7%PB0.7x
MI.UN Minto Apartment Real Estate Investment TrustCA$15.526.5%
+CA$37.9m		10.3%PB0.6x
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Latest News

BEI.UN

CA$74.03

Boardwalk Real Estate Investment Trust

7D

4.7%

1Y

28.8%

MRG.UN

CA$15.55

Morguard North American Residential Real Estate Investment Trust

7D

0.8%

1Y

-7.8%

KMP.UN

CA$17.42

Killam Apartment REIT

7D

3.6%

1Y

3.9%

HOM.UN

CA$15.14

BSR Real Estate Investment Trust

7D

3.0%

1Y

-15.7%

MI.UN

CA$15.52

Minto Apartment Real Estate Investment Trust

7D

6.5%

1Y

10.3%

CAR.UN

CA$43.04

Canadian Apartment Properties Real Estate Investment Trust

7D

1.3%

1Y

-11.1%

ERE.UN

CA$2.37

European Residential Real Estate Investment Trust

7D

1.7%

1Y

-28.2%

IIP.UN

CA$12.26

InterRent Real Estate Investment Trust

7D

3.9%

1Y

-3.7%