Canadian (TSX) Retail REITs Industry Analysis

UpdatedSep 13, 2026

DataAggregated Company Financials

Companies9

7D-1.9%
3M-7.3%
1Y5.4%
YTDn/a

Over the last 7 days, the Retail REITs industry has dropped 1.9%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 5.4%. As for the next few years, earnings are expected to grow by 26% per annum.

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
Sun, 13 Sep 2026	CA$37.2b	CA$6.7b	CA$2.0b	17.4x	18.7x	5.5x
Tue, 11 Aug 2026	CA$39.1b	CA$6.7b	CA$2.0b	18.6x	19.8x	5.8x
Thu, 09 Jul 2026	CA$41.0b	CA$6.8b	CA$2.3b	15.5x	17.8x	6x
Sat, 06 Jun 2026	CA$39.0b	CA$6.8b	CA$2.3b	14.5x	16.9x	5.7x
Mon, 04 May 2026	CA$38.1b	CA$6.6b	CA$2.0b	16.8x	19.1x	5.8x
Wed, 01 Apr 2026	CA$35.6b	CA$6.6b	CA$2.0b	15.6x	18x	5.4x
Fri, 27 Feb 2026	CA$37.2b	CA$6.6b	CA$2.0b	16.6x	19x	5.7x
Sun, 25 Jan 2026	CA$37.3b	CA$6.5b	CA$2.0b	16.3x	18.8x	5.7x
Tue, 23 Dec 2025	CA$35.2b	CA$6.5b	CA$2.0b	15.5x	17.8x	5.4x
Thu, 20 Nov 2025	CA$35.6b	CA$6.5b	CA$2.0b	14.8x	18x	5.4x
Sat, 18 Oct 2025	CA$34.6b	CA$6.5b	CA$1.2b	17x	29.3x	5.3x
Mon, 15 Sep 2025	CA$35.2b	CA$6.5b	CA$1.2b	17.1x	29.8x	5.4x
Wed, 13 Aug 2025	CA$33.3b	CA$6.5b	CA$1.2b	16.6x	28.3x	5.1x
Fri, 11 Jul 2025	CA$33.4b	CA$6.3b	CA$1.8b	17.5x	18.9x	5.3x
Sun, 08 Jun 2025	CA$33.4b	CA$6.3b	CA$1.8b	17.5x	18.9x	5.3x
Tue, 06 May 2025	CA$32.9b	CA$6.5b	CA$2.0b	16.5x	16.6x	5.1x
Thu, 03 Apr 2025	CA$32.3b	CA$6.5b	CA$2.2b	16.7x	14.6x	5x
Sat, 01 Mar 2025	CA$32.6b	CA$6.5b	CA$2.2b	16.1x	14.7x	5x
Mon, 27 Jan 2025	CA$25.3b	CA$6.3b	CA$697.9m	22.2x	36.2x	4x
Wed, 25 Dec 2024	CA$31.7b	CA$6.3b	CA$698.0m	22.4x	45.5x	5x
Fri, 22 Nov 2024	CA$27.5b	CA$6.3b	CA$696.8m	23.6x	39.4x	4.4x
Sun, 20 Oct 2024	CA$28.5b	CA$6.2b	CA$1.3b	21.8x	21.6x	4.6x
Tue, 17 Sep 2024	CA$29.4b	CA$6.2b	CA$1.3b	21.9x	22.2x	4.7x
Thu, 15 Aug 2024	CA$25.8b	CA$6.2b	CA$1.3b	19.2x	19.5x	4.1x
Sat, 13 Jul 2024	CA$25.0b	CA$6.2b	CA$1.3b	15.7x	18.9x	4x
Mon, 10 Jun 2024	CA$24.2b	CA$6.2b	CA$1.3b	15.4x	18.3x	3.9x
Wed, 08 May 2024	CA$24.5b	CA$6.2b	CA$1.4b	15.6x	17.3x	4x
Fri, 05 Apr 2024	CA$24.8b	CA$6.1b	CA$1.5b	21.8x	17x	4.1x
Sun, 03 Mar 2024	CA$25.6b	CA$6.1b	CA$1.5b	22.4x	17.5x	4.2x
Tue, 30 Jan 2024	CA$26.3b	CA$6.0b	CA$1.5b	18.6x	18.1x	4.4x
Thu, 28 Dec 2023	CA$26.1b	CA$6.0b	CA$1.4b	18.4x	18x	4.4x
Sat, 25 Nov 2023	CA$24.4b	CA$6.0b	CA$1.5b	16.4x	16.8x	4.1x
Mon, 23 Oct 2023	CA$23.3b	CA$5.7b	CA$2.0b	12x	11.6x	4.1x
Wed, 20 Sep 2023	CA$25.8b	CA$5.7b	CA$2.0b	14x	12.9x	4.5x

Price to Earnings Ratio

12.9x

Wed, 20 Sep 2023

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 18.7x which is lower than its 3-year average PE of 21.1x.

The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 5.5x.

Past Earnings Growth

The earnings for companies in the Retail REITs industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 5.6% 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 and as a result, profits have held steady.

Industry Comparison

How does Canadian Retail REITs compare with similar industries?


CA Market	-1.83%
Real Estate	-2.53%
REITS	-1.39%
Retail REITs	-1.87%
Hotel and Resort REITs	3.90%
Diversified REITs	-1.39%
Residential REITs	-1.99%
Healthcare REITs	-2.26%
Industrial REITs	-2.77%
Specialized REITs	-2.87%
Office REITs	-5.51%