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Canadian (TSX) REITS Industry Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies44
  • 7D-1.7%
  • 3M0.9%
  • 1Y-14.4%
  • YTD-17.3%

In the last week, the REITS industry is flat overall, with NorthWest Healthcare Properties Real Estate Investment Trust standing out by going down 3.3%. Unfortunately though, the industry is down 14% over the past 12 months. Looking forward, earnings are forecast to decline by 21% per year.

Industry Valuation and Performance

Has the Canadian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022CA$80.9bCA$14.4bCA$11.1b5.3x7.3x5.6x
Mon, 31 Oct 2022CA$76.6bCA$14.3bCA$13.1b4.6x5.9x5.4x
Wed, 28 Sep 2022CA$72.5bCA$14.3bCA$13.2b4.3x5.5x5.1x
Fri, 26 Aug 2022CA$83.8bCA$14.2bCA$13.2b4.8x6.4x5.9x
Sun, 24 Jul 2022CA$83.0bCA$13.8bCA$14.5b5.1x5.7x6x
Tue, 21 Jun 2022CA$80.6bCA$13.8bCA$14.6b4.8x5.5x5.9x
Thu, 19 May 2022CA$89.3bCA$13.7bCA$14.6b6.4x6.1x6.5x
Sat, 16 Apr 2022CA$96.2bCA$13.5bCA$11.7b8.3x8.2x7.1x
Mon, 14 Mar 2022CA$100.4bCA$14.2bCA$11.6b8.5x8.7x7.1x
Wed, 09 Feb 2022CA$95.4bCA$13.8bCA$9.5b9x10x6.9x
Fri, 07 Jan 2022CA$95.5bCA$13.6bCA$9.2b8.9x10.3x7x
Sun, 05 Dec 2021CA$93.3bCA$13.6bCA$9.2b8.5x10.1x6.9x
Tue, 02 Nov 2021CA$99.3bCA$13.7bCA$8.2b10.3x12.1x7.2x
Thu, 30 Sep 2021CA$94.3bCA$13.8bCA$8.0b9.7x11.7x6.9x
Sat, 28 Aug 2021CA$86.5bCA$13.7bCA$8.0b9.5x10.8x6.3x
Sun, 04 Jul 2021CA$82.0bCA$13.7bCA$8.0b9.2x10.2x6x
Wed, 07 Apr 2021CA$73.2bCA$13.5bCA$4.0b10.6x18.1x5.4x
Sat, 09 Jan 2021CA$67.3bCA$13.5bCA$3.2b11.1x21x5x
Fri, 02 Oct 2020CA$60.2bCA$13.4bCA$4.7b8.2x12.8x4.5x
Mon, 06 Jul 2020CA$61.0bCA$13.5bCA$4.3b7.5x14.1x4.5x
Thu, 09 Apr 2020CA$56.2bCA$13.7bCA$6.7b6.4x8.4x4.1x
Wed, 01 Jan 2020CA$77.8bCA$13.4bCA$5.9b11.2x13.2x5.8x
Price to Earnings Ratio

15.3x


Total Market Cap: CA$78.3bTotal Earnings: CA$5.1bTotal Revenue: CA$13.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average 11.8x202020212022
Current Industry PE
  • Investors are pessimistic on the Canadian 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 7.3x which is lower than its 3-year average PE of 11.8x.
  • The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market0.40%
Real Estate-1.17%
REITS-1.69%
Diversified REITs-0.98%
Retail REITs-1.47%
Residential REITs-1.49%
Industrial REITs-1.79%
Hotel and Resort REITs-1.86%
Office REITs-3.23%
Healthcare REITs-3.64%
Specialized REITs-3.99%
Industry PE
  • Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 21.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% per year.
  • In contrast, the Industrial REITs industry is expected to see its earnings decline by 64% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MHC.UN Flagship Communities Real Estate Investment TrustCA$22.259.0%
+CA$25.9m
n/aPB0.6x
MRG.UN Morguard North American Residential Real Estate Investment TrustCA$16.481.1%
+CA$7.0m
-5.4%PB0.3x
NET.UN Canadian Net Real Estate Investment TrustCA$6.675.4%
+CA$7.0m
-14.5%PB1.1x
CHP.UN Choice Properties Real Estate Investment TrustCA$14.580.1%
+CA$6.6m
1.9%PB1.1x
INO.UN Inovalis Real Estate Investment TrustCA$4.354.6%
+CA$6.2m
-52.7%PB0.5x
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Latest News

AP.UN

CA$26.22

Allied Properties Real Estate Investment Trust

7D

-4.1%

1Y

-37.2%

SGR.UN

CA$15.76

Slate Grocery REIT

7D

0.4%

1Y

19.4%

GRT.UN

CA$78.31

Granite Real Estate Investment Trust

7D

-2.6%

1Y

-21.3%

SRU.UN

CA$27.26

SmartCentres Real Estate Investment Trust

7D

-1.9%

1Y

-10.0%

CHP.UN

CA$14.58

Choice Properties Real Estate Investment Trust

7D

0.1%

1Y

1.9%

MHC.UN

CA$22.25

Flagship Communities Real Estate Investment Trust

7D

9.0%

1Y

n/a

CRT.UN

CA$15.46

CT Real Estate Investment Trust

7D

-2.5%

1Y

-6.8%

INO.UN

CA$4.35

Inovalis Real Estate Investment Trust

7D

4.6%

1Y

-52.7%

REI.UN

CA$21.05

RioCan Real Estate Investment Trust

7D

-2.2%

1Y

-1.5%

PMZ.UN

CA$14.80

Primaris Real Estate Investment Trust

7D

-5.3%

1Y

n/a

SMU.UN

CA$22.48

Summit Industrial Income REIT

7D

0.1%

1Y

0.6%

NNL.U

US$0.50

Nova Net Lease REIT

7D

400.0%

1Y

n/a