Canadian (TSX) Residential REITs Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies12
- 7D6.4%
- 3M0.7%
- 1Y11.0%
- YTD11.7%
Over the last 7 days, the Residential REITs industry has risen 6.4%, driven by gains from Canadian Apartment Properties Real Estate Investment Trust of 8.2%. In the last 12 months, the industry was up 11%. Earnings are forecast to grow by 85% 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 |
|---|---|---|---|---|---|---|
| Sat, 09 Dec 2023 | CA$19.3b | CA$3.1b | -CA$25,854,074.00 | 7.3x | -747.6x | 6.3x |
| Mon, 06 Nov 2023 | CA$18.4b | CA$3.0b | CA$581.4m | 10.6x | 31.7x | 6.1x |
| Wed, 04 Oct 2023 | CA$18.1b | CA$3.0b | CA$706.2m | 21.9x | 25.7x | 6x |
| Fri, 01 Sep 2023 | CA$19.1b | CA$3.0b | CA$704.6m | 11.1x | 27.1x | 6.4x |
| Sun, 30 Jul 2023 | CA$19.6b | CA$2.9b | CA$950.5m | 4.2x | 20.6x | 6.7x |
| Tue, 27 Jun 2023 | CA$18.4b | CA$2.9b | CA$1.0b | 4.2x | 17.9x | 6.3x |
| Thu, 25 May 2023 | CA$19.0b | CA$2.9b | CA$1.0b | 4.4x | 18.2x | 6.5x |
| Sat, 22 Apr 2023 | CA$19.1b | CA$2.9b | CA$1.6b | 3.2x | 12.1x | 6.7x |
| Mon, 20 Mar 2023 | CA$6.5b | CA$1.1b | CA$841.1m | 4.7x | 7.7x | 6.1x |
| Wed, 15 Feb 2023 | CA$20.5b | CA$2.9b | CA$3.1b | 2.5x | 6.5x | 7x |
| Fri, 13 Jan 2023 | CA$19.2b | CA$2.9b | CA$3.1b | 2.3x | 6.1x | 6.6x |
| Sun, 11 Dec 2022 | CA$18.0b | CA$2.9b | CA$3.1b | 2.2x | 5.7x | 6.2x |
| Tue, 08 Nov 2022 | CA$17.4b | CA$2.8b | CA$3.6b | 2.4x | 4.8x | 6.2x |
| Thu, 06 Oct 2022 | CA$17.6b | CA$2.8b | CA$3.7b | 2.5x | 4.8x | 6.3x |
| Sat, 03 Sep 2022 | CA$18.6b | CA$2.8b | CA$3.6b | 2.8x | 5.1x | 6.7x |
| Mon, 01 Aug 2022 | CA$19.8b | CA$2.7b | CA$3.8b | 4x | 5.2x | 7.4x |
| Wed, 29 Jun 2022 | CA$18.2b | CA$2.7b | CA$3.6b | 3.9x | 5x | 6.8x |
| Fri, 27 May 2022 | CA$20.4b | CA$2.7b | CA$3.6b | 4.6x | 5.6x | 7.7x |
| Sun, 24 Apr 2022 | CA$21.8b | CA$2.6b | CA$3.4b | 6.4x | 6.4x | 8.5x |
| Tue, 22 Mar 2022 | CA$23.0b | CA$2.6b | CA$3.4b | 6.7x | 6.8x | 9x |
| Thu, 17 Feb 2022 | CA$22.5b | CA$2.5b | CA$2.7b | 7.9x | 8.4x | 9x |
| Sat, 15 Jan 2022 | CA$22.6b | CA$2.5b | CA$2.6b | 8x | 8.8x | 9.1x |
| Mon, 13 Dec 2021 | CA$22.1b | CA$2.5b | CA$2.6b | 8.1x | 8.6x | 8.9x |
| Wed, 10 Nov 2021 | CA$23.6b | CA$2.5b | CA$2.2b | 9.1x | 10.5x | 9.6x |
| Fri, 08 Oct 2021 | CA$22.3b | CA$2.4b | CA$2.1b | 9.3x | 10.5x | 9.1x |
| Sun, 05 Sep 2021 | CA$20.7b | CA$2.4b | CA$2.1b | 8.8x | 9.7x | 8.5x |
| Tue, 03 Aug 2021 | CA$20.4b | CA$2.4b | CA$2.1b | 8.5x | 9.6x | 8.3x |
| Fri, 07 May 2021 | CA$17.6b | CA$2.4b | CA$1.3b | 10.5x | 13.2x | 7.3x |
| Mon, 08 Feb 2021 | CA$16.4b | CA$2.4b | CA$1.7b | 7.1x | 9.5x | 6.8x |
Price to Earnings Ratio
9.3x
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 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- Total earnings for the Residential REITs industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 8.2% 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 | -1.78% | |
| Real Estate | 3.81% | |
| REITS | 2.37% | |
| Residential REITs | 6.43% | |
| Hotel and Resort REITs | 13.09% | |
| Office REITs | 5.54% | |
| Industrial REITs | 4.04% | |
| Diversified REITs | 3.72% | |
| Retail REITs | 2.57% | |
| Healthcare REITs | 1.36% | |
| Specialized REITs | 0.19% | |
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 | |
|---|---|---|---|---|---|
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$50.52 | 6.6% +CA$533.4m | 17.4% | PB0.9x | |
| BEI.UN Boardwalk Real Estate Investment Trust | CA$72.01 | 5.6% +CA$176.0m | 42.9% | PB0.8x | |
| IIP.UN InterRent Real Estate Investment Trust | CA$12.85 | 4.0% +CA$70.9m | 2.7% | PB0.7x | |
| KMP.UN Killam Apartment REIT | CA$17.95 | 2.9% +CA$60.1m | 8.3% | PB0.8x | |
| MI.UN Minto Apartment Real Estate Investment Trust | CA$15.52 | 4.4% +CA$26.3m | 7.8% | PB0.5x |