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Canadian (TSX) Retail REITs Industry Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies9
  • 7D0.2%
  • 3M3.8%
  • 1Y13.5%
  • YTDn/a

Last week, the Retail REITs industry hasn't moved much but Slate Grocery REIT is up 5.6% in that time. The past year has been better, since the industry has gained 13% 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
Thu, 21 Nov 2024CA$27.5bCA$6.3bCA$696.8m23.7x39.5x4.4x
Sat, 19 Oct 2024CA$28.7bCA$6.2bCA$1.3b21.8x21.7x4.6x
Mon, 16 Sep 2024CA$29.4bCA$6.2bCA$1.3b22.3x22.2x4.7x
Wed, 14 Aug 2024CA$25.9bCA$6.2bCA$1.3b18.9x19.5x4.2x
Fri, 12 Jul 2024CA$24.5bCA$6.2bCA$1.3b15.6x18.5x3.9x
Sun, 09 Jun 2024CA$24.2bCA$6.2bCA$1.3b15.4x18.3x3.9x
Tue, 07 May 2024CA$24.9bCA$6.2bCA$1.4b15.8x17.8x4x
Thu, 04 Apr 2024CA$25.2bCA$6.1bCA$1.5b22.1x17.2x4.1x
Sat, 02 Mar 2024CA$25.2bCA$6.1bCA$1.5b22.4x17.2x4.1x
Mon, 29 Jan 2024CA$26.3bCA$6.0bCA$1.5b18.7x18.1x4.4x
Wed, 27 Dec 2023CA$25.9bCA$6.0bCA$1.4b18.3x17.9x4.3x
Fri, 24 Nov 2023CA$24.5bCA$6.0bCA$1.5b16.5x16.9x4.1x
Sun, 22 Oct 2023CA$23.3bCA$5.7bCA$2.0b12x11.6x4.1x
Tue, 19 Sep 2023CA$26.2bCA$5.7bCA$2.0b14.2x13x4.6x
Thu, 17 Aug 2023CA$25.7bCA$5.7bCA$2.0b13.7x12.8x4.5x
Sat, 15 Jul 2023CA$26.2bCA$5.9bCA$1.4b12.1x18.4x4.5x
Mon, 12 Jun 2023CA$32.0bCA$5.9bCA$1.4b12x22.4x5.4x
Wed, 10 May 2023CA$32.8bCA$5.9bCA$1.7b12.3x19.5x5.6x
Fri, 07 Apr 2023CA$33.5bCA$5.8bCA$1.9b8.6x17.9x5.7x
Sun, 05 Mar 2023CA$35.4bCA$5.8bCA$1.9b9.1x18.9x6.1x
Tue, 31 Jan 2023CA$36.3bCA$6.0bCA$3.0b10.7x12x6.1x
Thu, 29 Dec 2022CA$34.3bCA$6.0bCA$3.0b9.7x11.3x5.7x
Sat, 26 Nov 2022CA$35.1bCA$6.0bCA$3.0b10.1x11.6x5.9x
Mon, 24 Oct 2022CA$31.3bCA$6.0bCA$3.1b9.8x10x5.2x
Wed, 21 Sep 2022CA$32.9bCA$6.0bCA$3.1b10.2x10.5x5.5x
Fri, 19 Aug 2022CA$35.1bCA$6.0bCA$3.1b11.1x11.3x5.9x
Sun, 17 Jul 2022CA$32.4bCA$5.8bCA$3.5b9x9.4x5.6x
Tue, 14 Jun 2022CA$33.9bCA$5.8bCA$3.5b9.7x9.8x5.8x
Thu, 12 May 2022CA$34.4bCA$5.8bCA$3.2b10.1x10.7x5.9x
Sat, 09 Apr 2022CA$39.1bCA$5.7bCA$2.8b9x13.8x6.8x
Mon, 07 Mar 2022CA$38.2bCA$5.7bCA$2.8b8.7x13.5x6.7x
Wed, 02 Feb 2022CA$36.3bCA$5.5bCA$2.1b15.2x16.9x6.6x
Fri, 31 Dec 2021CA$36.4bCA$5.3bCA$2.0b16.6x18.4x6.9x
Sun, 28 Nov 2021CA$35.2bCA$5.3bCA$2.0b16.1x17.8x6.6x
Price to Earnings Ratio

17.8x


Total Market Cap: CA$35.2bTotal Earnings: CA$2.0bTotal Revenue: CA$5.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Retail REITs Industry Price to Earnings3Y Average 15.9x202220232024
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 39.5x which is higher than its 3-year average PE of 15.9x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
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 5.8% 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 Market0.41%
Real Estate-1.10%
REITS-2.48%
Retail REITs0.25%
Residential REITs-0.098%
Hotel and Resort REITs-0.96%
Industrial REITs-1.84%
Office REITs-2.32%
Diversified REITs-2.48%
Healthcare REITs-2.77%
Specialized REITs-4.19%
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$14.041.6%
+CA$72.1m		6.0%PB1.1x
SGR.UN Slate Grocery REITCA$14.636.7%
+CA$54.4m		37.5%PB0.9x
SRU.UN SmartCentres Real Estate Investment TrustCA$25.251.1%
+CA$39.1m		9.7%PB0.7x
PMZ.UN Primaris Real Estate Investment TrustCA$16.061.4%
+CA$22.0m		19.5%PB0.8x
FCR.UN First Capital Real Estate Investment TrustCA$17.800.5%
+CA$19.1m		27.9%PB1x
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Latest News

PLZ.UN

CA$3.75

Plaza Retail REIT

7D

0.3%

1Y

7.1%

CRR.UN

CA$14.20

Crombie Real Estate Investment Trust

7D

-1.3%

1Y

7.7%

REI.UN

CA$18.82

RioCan Real Estate Investment Trust

7D

-1.5%

1Y

7.2%

FCR.UN

CA$17.80

First Capital Real Estate Investment Trust

7D

0.5%

1Y

27.9%

SRU.UN

CA$25.25

SmartCentres Real Estate Investment Trust

7D

1.1%

1Y

9.7%

SGR.UN

CA$14.63

Slate Grocery REIT

7D

6.7%

1Y

37.5%

CHP.UN

CA$14.04

Choice Properties Real Estate Investment Trust

7D

1.6%

1Y

6.0%

PMZ.UN

CA$16.06

Primaris Real Estate Investment Trust

7D

1.4%

1Y

19.5%

CRT.UN

CA$15.07

CT Real Estate Investment Trust

7D

-0.7%

1Y

9.6%