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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$18.5b | CA$3.3b | CA$995.2m | 7.9x | 18.6x | 5.7x |
| Mon, 18 Nov 2024 | CA$19.2b | CA$3.2b | CA$1.0b | 8.6x | 19.2x | 5.9x |
| Wed, 16 Oct 2024 | CA$21.4b | CA$3.2b | CA$791.4m | 6.3x | 27.1x | 6.7x |
| Fri, 13 Sep 2024 | CA$22.6b | CA$3.2b | CA$795.8m | 6.4x | 28.4x | 7x |
| Sun, 11 Aug 2024 | CA$20.6b | CA$3.2b | CA$716.7m | 5.8x | 28.7x | 6.4x |
| Tue, 09 Jul 2024 | CA$19.0b | CA$3.2b | CA$771.8m | 6.7x | 24.6x | 6x |
| Thu, 06 Jun 2024 | CA$18.8b | CA$3.2b | CA$770.9m | 6.8x | 24.4x | 5.9x |
| Sat, 04 May 2024 | CA$18.4b | CA$3.1b | CA$363.1m | 7.7x | 50.8x | 5.9x |
| Mon, 01 Apr 2024 | CA$19.9b | CA$3.1b | CA$181.0m | 7x | 110.1x | 6.4x |
| Wed, 28 Feb 2024 | CA$20.5b | CA$3.1b | CA$169.2m | 5.8x | 121.2x | 6.6x |
| Fri, 26 Jan 2024 | CA$19.5b | CA$3.1b | -CA$22,806,839.00 | 7.7x | -854.8x | 6.4x |
| Sun, 24 Dec 2023 | CA$19.6b | CA$3.1b | -CA$19,136,442.00 | 7.6x | -1025.7x | 6.4x |
| Tue, 21 Nov 2023 | CA$18.1b | CA$3.1b | CA$110.0m | 6.9x | 164.2x | 5.9x |
| Thu, 19 Oct 2023 | CA$18.2b | CA$3.0b | CA$705.2m | 23.1x | 25.8x | 6x |
| Sat, 16 Sep 2023 | CA$19.2b | CA$3.0b | CA$706.8m | 24.5x | 27.2x | 6.4x |
| Mon, 14 Aug 2023 | CA$19.4b | CA$3.0b | CA$704.5m | 11.3x | 27.6x | 6.5x |
| Wed, 12 Jul 2023 | CA$19.4b | CA$2.9b | CA$1.0b | 4.2x | 18.8x | 6.7x |
| Fri, 09 Jun 2023 | CA$19.2b | CA$2.9b | CA$1.0b | 4.3x | 18.6x | 6.6x |
| Sun, 07 May 2023 | CA$19.2b | CA$2.9b | CA$1.5b | 5.5x | 13.2x | 6.7x |
| Tue, 04 Apr 2023 | CA$18.7b | CA$2.9b | CA$1.5b | 3.5x | 12.3x | 6.4x |
| Thu, 02 Mar 2023 | CA$20.3b | CA$3.0b | CA$2.0b | 3.3x | 10x | 6.9x |
| Sat, 28 Jan 2023 | CA$20.2b | CA$2.9b | CA$3.1b | 2.4x | 6.4x | 6.9x |
| Mon, 26 Dec 2022 | CA$17.7b | CA$2.9b | CA$3.1b | 2.3x | 5.6x | 6.1x |
| Wed, 23 Nov 2022 | CA$18.1b | CA$2.9b | CA$3.1b | 2.2x | 5.9x | 6.3x |
| Fri, 21 Oct 2022 | CA$16.6b | CA$2.8b | CA$3.7b | 2.3x | 4.5x | 6x |
| Sun, 18 Sep 2022 | CA$18.5b | CA$2.8b | CA$3.6b | 2.7x | 5.1x | 6.7x |
| Tue, 16 Aug 2022 | CA$19.9b | CA$2.8b | CA$3.6b | 3.4x | 5.5x | 7.2x |
| Thu, 14 Jul 2022 | CA$18.1b | CA$2.7b | CA$3.6b | 3.8x | 5x | 6.8x |
| Sat, 11 Jun 2022 | CA$19.3b | CA$2.7b | CA$3.6b | 4.4x | 5.3x | 7.3x |
| Mon, 09 May 2022 | CA$20.0b | CA$2.6b | CA$3.6b | 5.8x | 5.5x | 7.7x |
| Wed, 06 Apr 2022 | CA$22.1b | CA$2.6b | CA$3.4b | 6.4x | 6.5x | 8.6x |
| Fri, 04 Mar 2022 | CA$22.5b | CA$2.5b | CA$3.2b | 6.8x | 6.9x | 8.9x |
| Sun, 30 Jan 2022 | CA$22.0b | CA$2.5b | CA$2.6b | 7.8x | 8.5x | 8.8x |
| Tue, 28 Dec 2021 | CA$23.1b | CA$2.5b | CA$2.6b | 8.3x | 8.9x | 9.3x |
Price to Earnings Ratio
8.9x
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERE.UN European Residential Real Estate Investment Trust | CA$3.77 | 3.0% +CA$10.2m | 47.8% | PB0.6x | |
| FCA.UN Firm Capital Apartment Real Estate Investment Trust | CA$5.15 | 2.4% +CA$925.8k | 58.5% | PB0.6x |