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Canadian (TSX) REITS Industry Analysis
UpdatedJun 19, 2026
DataAggregated Company Financials
Companies5
- 7D-1.0%
- 3M11.7%
- 1Y6.5%
- YTD7.7%
Over the last 7 days, the REITS industry has dropped 1.0%, driven by H&R Real Estate Investment Trust declining 1.8%. Over the past 12 months, the industry was up 6.5%. As for the next few years, earnings are expected to grow by 134% per annum.
Industry Valuation and Performance
Has the Canadian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 14.9x | -5.9x | 3.2x |
| Sun, 17 May 2026 | CA$4.0b | CA$1.3b | -CA$708,003,316.00 | 12.1x | -5.7x | 3.1x |
| Tue, 14 Apr 2026 | CA$4.0b | CA$1.3b | -CA$743,365,441.00 | 9.2x | -5.4x | 3x |
| Thu, 12 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 11.7x | -5.3x | 3x |
| Sat, 07 Feb 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.3x | -11x | 3.1x |
| Mon, 05 Jan 2026 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.6x | 3x |
| Wed, 03 Dec 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.5x | -10.4x | 2.9x |
| Fri, 31 Oct 2025 | CA$4.8b | CA$1.4b | -CA$121,587,261.00 | 9.1x | -39.7x | 3.5x |
| Sun, 28 Sep 2025 | CA$5.0b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -44.9x | 3.6x |
| Tue, 26 Aug 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.5x | 3.7x |
| Thu, 24 Jul 2025 | CA$5.1b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -26x | 3.3x |
| Sat, 21 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.5x | 3.1x |
| Mon, 19 May 2025 | CA$4.6b | CA$1.5b | -CA$195,457,672.00 | 7.8x | -23.5x | 3x |
| Wed, 16 Apr 2025 | CA$4.5b | CA$1.6b | -CA$190,710,792.00 | 7.5x | -23.4x | 2.7x |
| Fri, 14 Mar 2025 | CA$4.7b | CA$1.6b | -CA$187,099,479.00 | 7.6x | -25x | 2.9x |
| Sun, 09 Feb 2025 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.8x | 2.8x |
| Tue, 07 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.2x | -11.6x | 2.7x |
| Thu, 05 Dec 2024 | CA$4.7b | CA$1.7b | -CA$391,634,479.00 | 11.2x | -11.9x | 2.8x |
| Sat, 02 Nov 2024 | CA$5.2b | CA$1.9b | -CA$419,037,724.00 | 9.4x | -12.5x | 2.8x |
| Mon, 30 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Wed, 28 Aug 2024 | CA$5.0b | CA$1.6b | -CA$474,273,724.00 | 8.7x | -10.5x | 3x |
| Fri, 26 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.9x | 2.6x |
| Sun, 23 Jun 2024 | CA$4.4b | CA$1.8b | -CA$341,683,846.00 | 7.8x | -12.8x | 2.4x |
| Tue, 21 May 2024 | CA$4.7b | CA$1.8b | -CA$335,752,067.00 | 6.9x | -14x | 2.6x |
| Thu, 18 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.4x | 2.5x |
| Sat, 16 Mar 2024 | CA$4.4b | CA$1.8b | -CA$243,773,556.00 | 9.7x | -17.9x | 2.4x |
| Mon, 12 Feb 2024 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 8.6x | -10.5x | 2.5x |
| Wed, 10 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.2x | 25.3x | 4.3x |
| Fri, 08 Dec 2023 | CA$9.0b | CA$2.2b | CA$367.5m | 6.7x | 24.6x | 4.1x |
| Sun, 05 Nov 2023 | CA$9.1b | CA$2.0b | CA$224.6m | 6.7x | 40.5x | 4.5x |
| Tue, 03 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.1x | 36x | 4.4x |
| Thu, 31 Aug 2023 | CA$9.6b | CA$2.0b | CA$250.7m | 7.4x | 38.2x | 4.7x |
| Sat, 29 Jul 2023 | CA$9.6b | CA$2.2b | CA$486.3m | 5.4x | 19.7x | 4.4x |
| Mon, 26 Jun 2023 | CA$9.4b | CA$2.2b | CA$515.8m | 5.4x | 18.1x | 4.3x |
Price to Earnings Ratio
18.1x
Current Industry PE
- Investors are relatively neutral on the Canadian REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 15% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 0.74% | |
| Real Estate | -0.27% | |
| REITS | -1.00% | |
| Retail REITs | 1.05% | |
| Specialized REITs | 0.91% | |
| Office REITs | 0.51% | |
| Residential REITs | -0.52% | |
| Diversified REITs | -1.00% | |
| Industrial REITs | -1.05% | |
| Healthcare REITs | -1.12% | |
| Hotel and Resort REITs | -3.44% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 20.8x.
- Analysts are expecting annual earnings growth of 19.8%, which is lower than the prior year's growth of 34.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 144% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 9.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MRT.UN Morguard Real Estate Investment Trust | CA$6.89 | 1.8% +CA$8.0m | 20.7% | PB0.5x | |
| FCD.UN Firm Capital Property Trust | CA$6.84 | 1.2% +CA$3.0m | 13.6% | PB0.8x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.84 | 0.3% +CA$884.6k | 5.5% | PB0.7x |