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Canadian (TSX) Retail REITs Industry Analysis

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies9
  • 7D-4.2%
  • 3M-11.2%
  • 1Y0.1%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has dropped 2.1%, driven by declines in CT Real Estate Investment Trust and Crombie Real Estate Investment Trust of 3.6% and 4.2%, respectively. As for the longer term, the industry's performance has been flat for the past 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$31.9bCA$6.3bCA$698.1m21.9x45.7x5.1x
Mon, 18 Nov 2024CA$27.4bCA$6.3bCA$697.2m23.7x39.2x4.4x
Wed, 16 Oct 2024CA$28.5bCA$6.2bCA$1.3b21.7x21.5x4.6x
Fri, 13 Sep 2024CA$28.6bCA$6.2bCA$1.3b21.8x21.6x4.6x
Sun, 11 Aug 2024CA$25.9bCA$6.2bCA$1.3b19.1x19.6x4.1x
Tue, 09 Jul 2024CA$24.0bCA$6.2bCA$1.3b15.3x18.1x3.9x
Thu, 06 Jun 2024CA$24.2bCA$6.2bCA$1.3b15.6x18.3x3.9x
Sat, 04 May 2024CA$24.6bCA$6.2bCA$1.4b15.8x17.5x4x
Mon, 01 Apr 2024CA$25.7bCA$6.1bCA$1.5b22.5x17.6x4.2x
Wed, 28 Feb 2024CA$25.6bCA$6.1bCA$1.5b22.5x17.5x4.2x
Fri, 26 Jan 2024CA$26.4bCA$6.0bCA$1.5b18.5x18.2x4.4x
Sun, 24 Dec 2023CA$25.9bCA$6.0bCA$1.4b18.3x17.9x4.3x
Tue, 21 Nov 2023CA$24.4bCA$6.0bCA$1.5b16.3x16.8x4.1x
Thu, 19 Oct 2023CA$24.0bCA$5.7bCA$2.0b12.4x12x4.2x
Sat, 16 Sep 2023CA$25.6bCA$5.7bCA$2.0b14.2x12.8x4.5x
Mon, 14 Aug 2023CA$26.2bCA$5.7bCA$2.0b14.2x13.1x4.6x
Wed, 12 Jul 2023CA$25.7bCA$5.9bCA$1.4b12x18x4.4x
Fri, 09 Jun 2023CA$32.2bCA$5.9bCA$1.4b12.1x22.6x5.5x
Sun, 07 May 2023CA$33.3bCA$5.9bCA$1.7b12.4x19.7x5.7x
Tue, 04 Apr 2023CA$33.6bCA$5.8bCA$1.9b8.8x18x5.8x
Thu, 02 Mar 2023CA$35.2bCA$5.8bCA$1.9b9.1x18.9x6x
Sat, 28 Jan 2023CA$36.5bCA$6.0bCA$3.0b10.7x12.1x6.1x
Mon, 26 Dec 2022CA$34.7bCA$6.0bCA$3.0b9.8x11.5x5.8x
Wed, 23 Nov 2022CA$34.8bCA$6.0bCA$3.0b10x11.5x5.8x
Fri, 21 Oct 2022CA$31.1bCA$6.0bCA$3.1b9.7x9.9x5.2x
Sun, 18 Sep 2022CA$33.5bCA$6.0bCA$3.1b10.4x10.7x5.6x
Tue, 16 Aug 2022CA$35.4bCA$6.0bCA$3.1b11.1x11.4x5.9x
Thu, 14 Jul 2022CA$33.1bCA$5.8bCA$3.5b9.3x9.5x5.7x
Sat, 11 Jun 2022CA$34.9bCA$5.8bCA$3.5b10x10.1x6x
Mon, 09 May 2022CA$36.3bCA$5.8bCA$3.2b8.3x11.3x6.3x
Wed, 06 Apr 2022CA$38.8bCA$5.7bCA$2.8b9.1x13.7x6.8x
Fri, 04 Mar 2022CA$38.0bCA$5.7bCA$2.6b9x14.4x6.6x
Sun, 30 Jan 2022CA$36.1bCA$5.5bCA$2.1b14.9x16.8x6.6x
Tue, 28 Dec 2021CA$35.8bCA$5.3bCA$2.0b16.4x18.1x6.8x
Price to Earnings Ratio

18.1x


Total Market Cap: CA$35.8bTotal Earnings: CA$2.0bTotal Revenue: CA$5.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Retail REITs Industry Price to Earnings3Y Average 16.6x202220232024
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 46.7x which is higher than its 3-year average PE of 16.5x.
  • 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 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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-3.68%
Real Estate-4.47%
REITS-4.38%
Retail REITs-4.16%
Specialized REITs-2.98%
Industrial REITs-3.93%
Diversified REITs-4.38%
Office REITs-4.45%
Residential REITs-4.93%
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?

CompanyLast Price7D1YValuation
REI.UN RioCan Real Estate Investment TrustCA$18.450.7%
+CA$39.1m		0.4%PB0.7x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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Latest News

CRR.UN

CA$13.80

Crombie Real Estate Investment Trust

7D

-0.6%

1Y

-0.2%

CHP.UN

CA$13.35

Choice Properties Real Estate Investment Trust

7D

-3.0%

1Y

-3.4%

SGR.UN

CA$14.05

Slate Grocery REIT

7D

-4.0%

1Y

17.2%

FCR.UN

CA$17.10

First Capital Real Estate Investment Trust

7D

-1.3%

1Y

12.3%

REI.UN

CA$18.45

RioCan Real Estate Investment Trust

7D

0.7%

1Y

0.4%

PLZ.UN

CA$3.57

Plaza Retail REIT

7D

-1.2%

1Y

-1.5%

SRU.UN

CA$24.96

SmartCentres Real Estate Investment Trust

7D

-1.1%

1Y

1.8%

PMZ.UN

CA$15.84

Primaris Real Estate Investment Trust

7D

-1.0%

1Y

15.7%

CRT.UN

CA$14.55

CT Real Estate Investment Trust

7D

-1.0%

1Y

-0.3%