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Canadian (TSX) Retail REITs Industry Analysis

UpdatedJul 20, 2025
DataAggregated Company Financials
Companies9
  • 7D0.5%
  • 3M5.5%
  • 1Y8.8%
  • YTDn/a

The Retail REITs is pretty flat in the last 7 days, but First Capital Real Estate Investment Trust has stood out, gaining 3.3%. The past year has been better, since the industry has gained 8.8% in that time. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Jul 2025CA$27.1bCA$6.4bCA$1.1b18.1x24.6x4.3x
Wed, 18 Jun 2025CA$33.3bCA$6.3bCA$1.8b17.3x18.8x5.3x
Fri, 16 May 2025CA$32.9bCA$6.3bCA$1.8b17x18.6x5.2x
Sun, 13 Apr 2025CA$30.7bCA$6.5bCA$2.2b15.6x13.9x4.8x
Tue, 11 Mar 2025CA$33.1bCA$6.5bCA$2.2b16.4x14.9x5.1x
Thu, 06 Feb 2025CA$31.0bCA$6.3bCA$697.8m23x44.5x4.9x
Sat, 04 Jan 2025CA$31.7bCA$6.3bCA$698.2m22.4x45.4x5x
Mon, 02 Dec 2024CA$27.7bCA$6.3bCA$696.9m23.9x39.8x4.4x
Wed, 30 Oct 2024CA$28.2bCA$6.3bCA$1.7b17.2x16.3x4.5x
Fri, 27 Sep 2024CA$29.1bCA$6.2bCA$1.3b22.5x22x4.7x
Sun, 25 Aug 2024CA$27.1bCA$6.2bCA$1.3b20x20.5x4.4x
Tue, 23 Jul 2024CA$25.5bCA$6.2bCA$1.3b16.2x19.7x4.1x
Thu, 20 Jun 2024CA$23.5bCA$6.2bCA$1.3b15x17.8x3.8x
Sat, 18 May 2024CA$24.8bCA$6.2bCA$1.3b15.6x18.8x4x
Mon, 15 Apr 2024CA$24.5bCA$6.1bCA$1.5b21.4x16.8x4x
Wed, 13 Mar 2024CA$25.5bCA$6.1bCA$1.5b22.5x17.5x4.2x
Fri, 09 Feb 2024CA$25.9bCA$6.0bCA$1.6b18x16.4x4.3x
Sun, 07 Jan 2024CA$26.5bCA$6.0bCA$1.5b18.3x18.3x4.4x
Tue, 05 Dec 2023CA$25.0bCA$6.0bCA$1.5b16.7x17.2x4.2x
Thu, 02 Nov 2023CA$22.8bCA$5.7bCA$1.9b12.3x12.1x4x
Sat, 30 Sep 2023CA$24.2bCA$5.7bCA$2.0b12.5x12.1x4.2x
Mon, 28 Aug 2023CA$25.6bCA$5.7bCA$2.0b13.8x12.8x4.5x
Wed, 26 Jul 2023CA$27.1bCA$5.7bCA$2.0b12.3x13.7x4.8x
Fri, 23 Jun 2023CA$25.6bCA$5.9bCA$1.4b11.9x17.9x4.4x
Sun, 21 May 2023CA$32.6bCA$5.9bCA$1.4b12.3x22.8x5.5x
Tue, 18 Apr 2023CA$34.5bCA$5.8bCA$1.9b8.8x18.5x5.9x
Thu, 16 Mar 2023CA$33.6bCA$5.8bCA$1.9b8.4x17.9x5.7x
Sat, 11 Feb 2023CA$35.3bCA$5.0bCA$2.6b11.3x13.8x7x
Mon, 09 Jan 2023CA$35.2bCA$6.0bCA$3.0b9.9x11.6x5.9x
Wed, 07 Dec 2022CA$34.6bCA$6.0bCA$3.0b9.8x11.4x5.8x
Fri, 04 Nov 2022CA$32.4bCA$6.0bCA$2.7b8x11.8x5.4x
Sun, 02 Oct 2022CA$30.9bCA$6.0bCA$3.1b9.7x9.9x5.2x
Tue, 30 Aug 2022CA$34.0bCA$6.0bCA$3.1b10.8x10.9x5.7x
Thu, 28 Jul 2022CA$33.9bCA$5.9bCA$3.4b9.4x10x5.7x
Price to Earnings Ratio

10x


Total Market Cap: CA$33.9bTotal Earnings: CA$3.4bTotal Revenue: CA$5.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Retail REITs Industry Price to Earnings3Y Average 18.7x202320242025
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 24.6x which is higher than its 3-year average PE of 18.7x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.3x.
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 2.6% 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 Market0.73%
Real Estate0.35%
REITS-1.26%
Retail REITs0.49%
Hotel and Resort REITs2.96%
Residential REITs0.10%
Specialized REITs-0.17%
Industrial REITs-0.43%
Healthcare REITs-1.01%
Office REITs-1.15%
Diversified REITs-1.26%
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
FCR.UN First Capital Real Estate Investment TrustCA$18.882.6%
+CA$99.8m		15.3%PB1x
CRR.UN Crombie Real Estate Investment TrustCA$14.920.7%
+CA$18.5m		8.0%PB1.5x
SGR.UN Slate Grocery REITCA$14.460.4%
+CA$3.5m		19.3%PB0.9x

Latest News

FCR.UN
CA$18.88
First Capital Real Estate Investment Trust
7D
2.6%
1Y
15.3%
CRR.UN
CA$14.92
Crombie Real Estate Investment Trust
7D
0.7%
1Y
8.0%
SRU.UN
CA$25.79
SmartCentres Real Estate Investment Trust
7D
-0.3%
1Y
6.7%
CHP.UN
CA$14.73
Choice Properties Real Estate Investment Trust
7D
-0.7%
1Y
3.2%
SGR.UN
CA$14.46
Slate Grocery REIT
7D
0.4%
1Y
19.3%
REI.UN
CA$17.77
RioCan Real Estate Investment Trust
7D
-0.3%
1Y
-0.5%
PMZ.UN
CA$14.91
Primaris Real Estate Investment Trust
7D
-1.6%
1Y
7.6%
CRT.UN
CA$15.70
CT Real Estate Investment Trust
7D
-1.1%
1Y
7.4%