Canadian (TSX) Residential REITs Industry Analysis
UpdatedMay 26, 2022
DataAggregated Company Financials
Companies12
- 7D0.3%
- 3M-9.1%
- 1Y-2.3%
- YTD-13.7%
The Residential REITs is pretty flat in the last 7 days, but Boardwalk Real Estate Investment Trust has stood out, gaining 4.0%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to decline by 17% per year.
Industry Valuation and Performance
Has the Canadian Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | CA$20.4b | CA$2.7b | CA$3.6b | 4.6x |
| Mon, 25 Apr 2022 | CA$21.8b | CA$2.6b | CA$3.4b | 6.4x |
| Wed, 23 Mar 2022 | CA$23.3b | CA$2.6b | CA$3.4b | 6.7x |
| Fri, 18 Feb 2022 | CA$22.4b | CA$2.5b | CA$2.7b | 7.8x |
| Sun, 16 Jan 2022 | CA$22.6b | CA$2.5b | CA$2.6b | 8x |
| Tue, 14 Dec 2021 | CA$22.3b | CA$2.5b | CA$2.6b | 8.2x |
| Thu, 11 Nov 2021 | CA$23.8b | CA$2.5b | CA$2.3b | 8.2x |
| Sat, 09 Oct 2021 | CA$22.3b | CA$2.4b | CA$2.1b | 9.3x |
| Mon, 06 Sep 2021 | CA$20.7b | CA$2.4b | CA$2.1b | 8.8x |
| Wed, 04 Aug 2021 | CA$20.3b | CA$2.4b | CA$2.1b | 8.5x |
| Sat, 08 May 2021 | CA$17.6b | CA$2.4b | CA$1.3b | 10.5x |
| Tue, 09 Feb 2021 | CA$16.4b | CA$2.4b | CA$1.7b | 7.1x |
| Mon, 02 Nov 2020 | CA$13.8b | CA$2.4b | CA$2.1b | 4.4x |
| Thu, 06 Aug 2020 | CA$15.5b | CA$2.3b | CA$2.0b | 5.6x |
| Sun, 10 May 2020 | CA$14.9b | CA$2.3b | CA$2.4b | 5.9x |
| Sat, 01 Feb 2020 | CA$18.4b | CA$2.2b | CA$1.9b | 8x |
| Tue, 05 Nov 2019 | CA$16.7b | CA$2.2b | CA$2.3b | 8.3x |
| Fri, 09 Aug 2019 | CA$14.8b | CA$2.0b | CA$2.1b | 8x |
Median PE Ratio
7.3x
Current Industry PE
- Investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 7.5x.
- Future earnings are expected to decline by 17% which could cause market valuations to fall.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Canadian Residential REITs compare with similar industries?
| CA Market | 1.68% | |
| Real Estate | -0.49% | |
| REITS | -0.076% | |
| Residential REITs | 0.29% | |
| Healthcare REITs | 0.70% | |
| Specialized REITs | 0.22% | |
| Diversified REITs | 0.17% | |
| Industrial REITs | 0.10% | |
| Retail REITs | -0.30% | |
| Office REITs | -0.85% | |
| Hotel and Resort REITs | -1.84% | |
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 | |
|---|---|---|---|---|---|
| BEI.UN Boardwalk Real Estate Investment Trust | CA$51.11 | 4.0% +CA$89.7m | 31.0% | PB0.7x | |
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$48.87 | 0.5% +CA$43.9m | -11.6% | PB0.8x | |
| IIP.UN InterRent Real Estate Investment Trust | CA$13.58 | 0.7% +CA$12.7m | -12.2% | PB0.8x | |
| KMP.UN Killam Apartment REIT | CA$19.04 | 0.5% +CA$11.6m | 0.5% | PB1x | |
| MI.UN Minto Apartment Real Estate Investment Trust | CA$18.60 | 0.8% +CA$6.0m | -13.6% | PB0.7x |