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Canadian (TSX) Residential REITs Industry Analysis
UpdatedOct 12, 2024
DataAggregated Company Financials
Companies12
- 7D-1.1%
- 3M7.8%
- 1Y13.8%
- YTDn/a
Over the last 7 days, the Residential REITs industry has dropped 1.1%, driven by a pullback from Canadian Apartment Properties Real Estate Investment Trust of 1.3%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 34% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 13 Oct 2024 | CA$21.0b | CA$3.2b | CA$792.0m | 6.3x | 26.5x | 6.5x |
| Tue, 10 Sep 2024 | CA$22.0b | CA$3.2b | CA$796.0m | 6x | 27.7x | 6.9x |
| Thu, 08 Aug 2024 | CA$20.4b | CA$3.2b | CA$656.3m | 5.7x | 31.1x | 6.4x |
| Sat, 06 Jul 2024 | CA$19.0b | CA$3.2b | CA$772.0m | 6.6x | 24.6x | 6x |
| Mon, 03 Jun 2024 | CA$18.7b | CA$3.2b | CA$772.1m | 6.6x | 24.2x | 5.9x |
| Wed, 01 May 2024 | CA$18.3b | CA$3.1b | CA$174.8m | 6.5x | 104.9x | 5.9x |
| Fri, 29 Mar 2024 | CA$19.9b | CA$3.1b | CA$181.1m | 7x | 109.7x | 6.4x |
| Sun, 25 Feb 2024 | CA$20.8b | CA$3.1b | CA$170.4m | 5.6x | 122.2x | 6.7x |
| Tue, 23 Jan 2024 | CA$19.7b | CA$3.1b | -CA$23,778,621.00 | 7.8x | -828.7x | 6.4x |
| Thu, 21 Dec 2023 | CA$19.4b | CA$3.1b | -CA$21,182,299.00 | 7.2x | -915.9x | 6.3x |
| Sat, 18 Nov 2023 | CA$18.1b | CA$3.1b | CA$110.0m | 6.9x | 164.5x | 5.9x |
| Mon, 16 Oct 2023 | CA$18.3b | CA$3.0b | CA$706.1m | 23.6x | 25.9x | 6.1x |
| Wed, 13 Sep 2023 | CA$19.3b | CA$3.0b | CA$705.2m | 11.2x | 27.3x | 6.4x |
| Fri, 11 Aug 2023 | CA$19.3b | CA$3.0b | CA$624.6m | 11.2x | 31x | 6.5x |
| Sun, 09 Jul 2023 | CA$19.1b | CA$2.9b | CA$1.0b | 4.2x | 18.5x | 6.6x |
| Tue, 06 Jun 2023 | CA$19.4b | CA$2.9b | CA$1.0b | 4.4x | 18.8x | 6.7x |
| Thu, 04 May 2023 | CA$18.9b | CA$2.9b | CA$1.4b | 5.5x | 13.1x | 6.5x |
| Sat, 01 Apr 2023 | CA$18.9b | CA$2.9b | CA$1.5b | 3.5x | 12.4x | 6.5x |
| Mon, 27 Feb 2023 | CA$20.4b | CA$3.0b | CA$2.0b | 3.2x | 10.1x | 6.9x |
| Wed, 25 Jan 2023 | CA$19.9b | CA$2.9b | CA$3.1b | 2.3x | 6.4x | 6.8x |
| Fri, 23 Dec 2022 | CA$17.6b | CA$2.9b | CA$3.1b | 2.3x | 5.6x | 6x |
| Sun, 20 Nov 2022 | CA$17.9b | CA$2.9b | CA$3.1b | 2.2x | 5.8x | 6.3x |
| Tue, 18 Oct 2022 | CA$16.2b | CA$2.8b | CA$3.7b | 2.3x | 4.4x | 5.8x |
| Thu, 15 Sep 2022 | CA$18.5b | CA$2.8b | CA$3.6b | 2.7x | 5.1x | 6.7x |
| Sat, 13 Aug 2022 | CA$19.8b | CA$2.8b | CA$3.6b | 3.4x | 5.5x | 7.2x |
| Mon, 11 Jul 2022 | CA$18.2b | CA$2.7b | CA$3.6b | 3.9x | 5x | 6.8x |
| Wed, 08 Jun 2022 | CA$20.1b | CA$2.7b | CA$3.6b | 4.5x | 5.6x | 7.6x |
| Fri, 06 May 2022 | CA$20.2b | CA$2.6b | CA$3.6b | 5.9x | 5.6x | 7.8x |
| Sun, 03 Apr 2022 | CA$22.7b | CA$2.6b | CA$3.4b | 6.7x | 6.7x | 8.8x |
| Tue, 01 Mar 2022 | CA$22.1b | CA$2.5b | CA$3.2b | 6.6x | 6.8x | 8.7x |
| Thu, 27 Jan 2022 | CA$21.7b | CA$2.5b | CA$2.6b | 7.7x | 8.4x | 8.7x |
| Sat, 25 Dec 2021 | CA$23.1b | CA$2.5b | CA$2.6b | 8.3x | 8.9x | 9.3x |
| Mon, 22 Nov 2021 | CA$22.8b | CA$2.5b | CA$2.6b | 8.3x | 8.9x | 9.2x |
| Wed, 20 Oct 2021 | CA$23.0b | CA$2.4b | CA$2.1b | 9.6x | 10.8x | 9.4x |
Price to Earnings Ratio
10.8x
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 26.5x which is higher than its 3-year average PE of -52.8x.
- The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 28% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.5% 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 | 1.11% | |
| Real Estate | -0.30% | |
| REITS | -0.60% | |
| Residential REITs | -1.15% | |
| Specialized REITs | 2.13% | |
| Diversified REITs | -0.60% | |
| Retail REITs | -1.72% | |
| Office REITs | -2.52% | |
| Industrial REITs | -2.93% | |
| Hotel and Resort REITs | -4.17% | |
| Healthcare REITs | -8.25% | |
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 | |
|---|---|---|---|---|---|
| DRR.UN Dream Residential Real Estate Investment Trust | CA$9.98 | 0.9% +CA$1.4m | 16.9% | PB0.5x | |
| MRG.UN Morguard North American Residential Real Estate Investment Trust | CA$18.72 | 0.2% +CA$1.1m | 25.6% | PB0.4x |