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Canadian (TSX) Retail REITs Industry Analysis

UpdatedApr 15, 2025
DataAggregated Company Financials
Companies9
  • 7D1.4%
  • 3M1.4%
  • 1Y6.7%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has dropped 1.2%, driven by First Capital Real Estate Investment Trust declining 2.8%. In the past year, the industry has gained 4.0%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Canadian Retail REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Apr 2025CA$30.7bCA$6.5bCA$2.2b16x13.9x4.8x
Thu, 13 Mar 2025CA$32.4bCA$6.5bCA$2.2b16.6x14.6x5x
Sat, 08 Feb 2025CA$32.1bCA$6.3bCA$697.7m23x46x5.1x
Mon, 06 Jan 2025CA$32.0bCA$6.3bCA$698.2m22.4x45.8x5.1x
Wed, 04 Dec 2024CA$27.5bCA$6.3bCA$697.1m23.5x39.5x4.4x
Fri, 01 Nov 2024CA$28.0bCA$6.2bCA$1.7b17.1x16.1x4.5x
Sun, 29 Sep 2024CA$29.1bCA$6.2bCA$1.3b22.2x22x4.7x
Tue, 27 Aug 2024CA$27.1bCA$6.2bCA$1.3b20.2x20.5x4.4x
Thu, 25 Jul 2024CA$26.2bCA$6.2bCA$1.3b16.1x20.2x4.2x
Sat, 22 Jun 2024CA$23.6bCA$6.2bCA$1.3b15x17.9x3.8x
Mon, 20 May 2024CA$24.7bCA$6.2bCA$1.3b15.6x18.7x4x
Wed, 17 Apr 2024CA$24.3bCA$6.1bCA$1.5b21.3x16.6x4x
Fri, 15 Mar 2024CA$25.2bCA$6.1bCA$1.5b22.4x17.2x4.1x
Sun, 11 Feb 2024CA$26.0bCA$6.0bCA$1.6b18.1x16.4x4.3x
Tue, 09 Jan 2024CA$26.5bCA$6.0bCA$1.5b18.6x18.3x4.4x
Thu, 07 Dec 2023CA$25.2bCA$6.0bCA$1.5b16.8x17.4x4.2x
Sat, 04 Nov 2023CA$25.1bCA$5.7bCA$1.8b13.2x13.9x4.4x
Mon, 02 Oct 2023CA$24.2bCA$5.7bCA$2.0b12.5x12x4.2x
Wed, 30 Aug 2023CA$26.1bCA$5.7bCA$2.0b14.1x13x4.6x
Fri, 28 Jul 2023CA$27.1bCA$5.7bCA$2.0b12.3x13.7x4.8x
Sun, 25 Jun 2023CA$24.9bCA$5.9bCA$1.4b12x17.5x4.2x
Tue, 23 May 2023CA$32.6bCA$5.9bCA$1.4b12.3x22.8x5.5x
Thu, 20 Apr 2023CA$34.2bCA$5.8bCA$1.9b8.7x18.3x5.9x
Sat, 18 Mar 2023CA$33.1bCA$5.8bCA$1.9b8.1x17.7x5.7x
Mon, 13 Feb 2023CA$35.3bCA$5.9bCA$2.6b11.3x13.8x6x
Wed, 11 Jan 2023CA$35.3bCA$6.0bCA$3.0b10x11.7x5.9x
Fri, 09 Dec 2022CA$34.4bCA$6.0bCA$3.0b9.7x11.4x5.7x
Sun, 06 Nov 2022CA$32.4bCA$6.0bCA$2.5b10.9x12.8x5.4x
Tue, 04 Oct 2022CA$31.5bCA$6.0bCA$3.1b9.9x10.1x5.3x
Thu, 01 Sep 2022CA$33.2bCA$6.0bCA$3.1b10.5x10.6x5.6x
Sat, 30 Jul 2022CA$34.5bCA$5.9bCA$3.1b12.4x11.1x5.8x
Mon, 27 Jun 2022CA$33.3bCA$5.8bCA$3.5b9.5x9.6x5.7x
Wed, 25 May 2022CA$35.8bCA$5.8bCA$3.5b10.4x10.3x6.2x
Fri, 22 Apr 2022CA$39.0bCA$5.7bCA$2.8b9x13.8x6.8x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$39.0bTotal Earnings: CA$2.8bTotal Revenue: CA$5.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Retail REITs Industry Price to Earnings3Y Average 18x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Retail 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 13.9x which is lower than its 3-year average PE of 18.0x.
  • The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 7.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market4.50%
Real Estate0.91%
REITS0.73%
Retail REITs1.41%
Hotel and Resort REITs7.03%
Healthcare REITs3.87%
Diversified REITs0.73%
Office REITs0.67%
Industrial REITs0.60%
Residential REITs-0.12%
Specialized REITs-1.42%
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
CHP.UN Choice Properties Real Estate Investment TrustCA$14.302.4%
+CA$111.5m		9.5%PB1x
CRT.UN CT Real Estate Investment TrustCA$14.421.9%
+CA$64.0m		11.3%PB1.9x
SRU.UN SmartCentres Real Estate Investment TrustCA$24.521.3%
+CA$46.3m		10.5%PB0.7x
REI.UN RioCan Real Estate Investment TrustCA$16.530.8%
+CA$38.6m		-6.3%PB0.7x
SGR.UN Slate Grocery REITCA$13.523.6%
+CA$27.8m		24.2%PB0.9x
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Latest News

FCR.UN

CA$15.86

First Capital Real Estate Investment Trust

7D

-0.2%

1Y

6.9%

SRU.UN

CA$24.52

SmartCentres Real Estate Investment Trust

7D

1.3%

1Y

10.5%

PMZ.UN

CA$13.97

Primaris Real Estate Investment Trust

7D

-0.9%

1Y

6.4%

CHP.UN

CA$14.30

Choice Properties Real Estate Investment Trust

7D

2.4%

1Y

9.5%

CRR.UN

CA$14.00

Crombie Real Estate Investment Trust

7D

0.8%

1Y

8.7%

CRT.UN

CA$14.42

CT Real Estate Investment Trust

7D

1.9%

1Y

11.3%

REI.UN

CA$16.53

RioCan Real Estate Investment Trust

7D

0.8%

1Y

-6.3%

PLZ.UN

CA$3.63

Plaza Retail REIT

7D

2.0%

1Y

4.3%

SGR.UN

CA$13.52

Slate Grocery REIT

7D

3.6%

1Y

24.2%