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Canadian (TSX) Retail REITs Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies9
- 7D-0.8%
- 3M-9.0%
- 1Y-3.2%
- YTDn/a
In the last week, Retail REITs has been flat. As for the longer term, the industry has declined 3.2% in the last year. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Canadian Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | CA$31.0b | CA$6.3b | CA$698.3m | 21.8x | 44.4x | 4.9x |
| Wed, 18 Dec 2024 | CA$32.4b | CA$6.3b | CA$697.8m | 23x | 46.4x | 5.1x |
| Fri, 15 Nov 2024 | CA$27.4b | CA$6.4b | CA$697.1m | 23.6x | 39.3x | 4.3x |
| Sun, 13 Oct 2024 | CA$27.9b | CA$6.2b | CA$1.3b | 21.3x | 21.1x | 4.5x |
| Tue, 10 Sep 2024 | CA$28.1b | CA$6.2b | CA$1.3b | 20.9x | 21.2x | 4.5x |
| Thu, 08 Aug 2024 | CA$26.0b | CA$6.2b | CA$1.3b | 19.3x | 19.4x | 4.2x |
| Sat, 06 Jul 2024 | CA$24.2b | CA$6.2b | CA$1.3b | 15x | 18.3x | 3.9x |
| Mon, 03 Jun 2024 | CA$24.1b | CA$6.2b | CA$1.3b | 15.3x | 18.2x | 3.9x |
| Wed, 01 May 2024 | CA$24.3b | CA$6.1b | CA$1.3b | 21.3x | 18.2x | 4x |
| Fri, 29 Mar 2024 | CA$25.7b | CA$6.1b | CA$1.5b | 22.5x | 17.6x | 4.2x |
| Sun, 25 Feb 2024 | CA$26.1b | CA$6.1b | CA$1.5b | 19.3x | 17.6x | 4.3x |
| Tue, 23 Jan 2024 | CA$26.5b | CA$6.0b | CA$1.5b | 18.6x | 18.3x | 4.4x |
| Thu, 21 Dec 2023 | CA$25.9b | CA$6.0b | CA$1.5b | 17.6x | 17.8x | 4.3x |
| Sat, 18 Nov 2023 | CA$24.4b | CA$6.0b | CA$1.4b | 16.4x | 16.8x | 4.1x |
| Mon, 16 Oct 2023 | CA$24.1b | CA$5.7b | CA$2.0b | 12.4x | 12x | 4.2x |
| Wed, 13 Sep 2023 | CA$25.4b | CA$5.7b | CA$2.0b | 13.8x | 12.7x | 4.5x |
| Fri, 11 Aug 2023 | CA$26.3b | CA$5.7b | CA$2.0b | 14.2x | 13.1x | 4.6x |
| Sun, 09 Jul 2023 | CA$25.7b | CA$5.9b | CA$1.4b | 12.2x | 18x | 4.4x |
| Tue, 06 Jun 2023 | CA$32.2b | CA$5.9b | CA$1.4b | 12.3x | 22.5x | 5.5x |
| Thu, 04 May 2023 | CA$33.3b | CA$5.8b | CA$1.8b | 8.2x | 19x | 5.7x |
| Sat, 01 Apr 2023 | CA$33.6b | CA$5.8b | CA$1.9b | 8.6x | 18x | 5.8x |
| Mon, 27 Feb 2023 | CA$35.6b | CA$5.8b | CA$1.9b | 13.1x | 18.8x | 6.1x |
| Wed, 25 Jan 2023 | CA$36.8b | CA$6.0b | CA$3.0b | 10.5x | 12.2x | 6.1x |
| Fri, 23 Dec 2022 | CA$34.6b | CA$6.0b | CA$3.0b | 9.8x | 11.4x | 5.8x |
| Sun, 20 Nov 2022 | CA$34.3b | CA$6.0b | CA$3.0b | 9.8x | 11.4x | 5.7x |
| Tue, 18 Oct 2022 | CA$31.0b | CA$6.0b | CA$3.1b | 9.6x | 9.9x | 5.2x |
| Thu, 15 Sep 2022 | CA$33.4b | CA$6.0b | CA$3.1b | 10.4x | 10.7x | 5.6x |
| Sat, 13 Aug 2022 | CA$35.5b | CA$6.0b | CA$3.1b | 11.2x | 11.4x | 5.9x |
| Mon, 11 Jul 2022 | CA$33.5b | CA$5.8b | CA$3.5b | 9.4x | 9.7x | 5.8x |
| Wed, 08 Jun 2022 | CA$36.0b | CA$5.8b | CA$3.5b | 10.3x | 10.4x | 6.2x |
| Fri, 06 May 2022 | CA$36.7b | CA$5.7b | CA$3.3b | 8.5x | 11.2x | 6.4x |
| Sun, 03 Apr 2022 | CA$39.2b | CA$5.7b | CA$2.8b | 9.4x | 13.9x | 6.8x |
| Tue, 01 Mar 2022 | CA$37.6b | CA$5.7b | CA$2.6b | 8.7x | 14.2x | 6.5x |
| Thu, 27 Jan 2022 | CA$35.8b | CA$5.5b | CA$2.1b | 15x | 16.7x | 6.5x |
Price to Earnings Ratio
16.7x
Current Industry PE
- Investors are optimistic on the Canadian Retail REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.4x which is higher than its 3-year average PE of 17.3x.
- The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 31% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.9% 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 Retail REITs compare with similar industries?
| CA Market | 1.22% | |
| Real Estate | 0.64% | |
| REITS | -0.91% | |
| Retail REITs | -0.81% | |
| Office REITs | 1.18% | |
| Specialized REITs | 0.57% | |
| Industrial REITs | -0.059% | |
| Diversified REITs | -0.91% | |
| Healthcare REITs | -1.32% | |
| Hotel and Resort REITs | -1.50% | |
| Residential REITs | -1.68% | |
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 | |
|---|---|---|---|---|---|
| FCR.UN First Capital Real Estate Investment Trust | CA$16.80 | 1.1% +CA$40.3m | 7.8% | PB0.9x | |
| SGR.UN Slate Grocery REIT | CA$13.23 | 1.5% +CA$11.2m | 4.3% | PB0.8x | |
| CRR.UN Crombie Real Estate Investment Trust | CA$13.20 | 0.3% +CA$7.4m | -4.8% | PB1.3x | |
| PMZ.UN Primaris Real Estate Investment Trust | CA$14.62 | 0.4% +CA$6.0m | 5.1% | PB0.7x | |
| PLZ.UN Plaza Retail REIT | CA$3.53 | 0.6% +CA$2.2m | -5.9% | PB0.7x |