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Canadian (TSX) REITS Industry Analysis
UpdatedJun 01, 2026
DataAggregated Company Financials
Companies5
- 7D0.3%
- 3M0.2%
- 1Y2.2%
- YTD1.3%
The REITS is pretty flat in the last 7 days, but Morguard Real Estate Investment Trust has stood out, gaining 3.8%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 133% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 02 Jun 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.6x | -5.7x | 3.1x |
| Thu, 30 Apr 2026 | CA$4.1b | CA$1.3b | -CA$743,365,441.00 | 9.5x | -5.5x | 3.1x |
| Sat, 28 Mar 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.9x | -5.2x | 2.9x |
| Mon, 23 Feb 2026 | CA$4.1b | CA$1.3b | -CA$733,557,722.00 | 9.3x | -5.6x | 3.1x |
| Wed, 21 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.2x | -11x | 3.1x |
| Fri, 19 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.5x | -10.6x | 3x |
| Sun, 16 Nov 2025 | CA$3.9b | CA$1.3b | -CA$369,786,720.00 | 8.3x | -10.4x | 2.9x |
| Tue, 14 Oct 2025 | CA$4.8b | CA$1.4b | -CA$110,680,261.00 | 8.9x | -43.4x | 3.5x |
| Thu, 11 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.1x | 3.7x |
| Sat, 09 Aug 2025 | CA$5.0b | CA$1.5b | -CA$200,421,644.00 | 8.3x | -24.8x | 3.2x |
| Mon, 07 Jul 2025 | CA$5.3b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -27x | 3.4x |
| Wed, 04 Jun 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -23.9x | 3x |
| Fri, 02 May 2025 | CA$4.5b | CA$1.6b | -CA$160,113,792.00 | 7.7x | -27.9x | 2.8x |
| Sun, 30 Mar 2025 | CA$4.7b | CA$1.6b | -CA$189,655,274.00 | 7.8x | -24.8x | 2.9x |
| Tue, 25 Feb 2025 | CA$4.8b | CA$1.7b | -CA$257,037,479.00 | 11.3x | -18.5x | 2.8x |
| Thu, 23 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.3x | 2.7x |
| Sat, 21 Dec 2024 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.3x | 2.6x |
| Mon, 18 Nov 2024 | CA$5.1b | CA$1.8b | -CA$398,329,474.00 | 10.4x | -12.8x | 2.9x |
| Wed, 16 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.2x | -11.5x | 2.9x |
| Fri, 13 Sep 2024 | CA$5.3b | CA$1.9b | -CA$474,273,724.00 | 9.1x | -11.3x | 2.8x |
| Sun, 11 Aug 2024 | CA$4.7b | CA$1.8b | -CA$242,052,459.00 | 8.5x | -19.5x | 2.6x |
| Tue, 09 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.1x | 2.5x |
| Thu, 06 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.4x | 2.5x |
| Sat, 04 May 2024 | CA$4.5b | CA$1.8b | -CA$259,777,117.00 | 7.6x | -17.4x | 2.5x |
| Mon, 01 Apr 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.5x | 2.5x |
| Wed, 28 Feb 2024 | CA$4.5b | CA$1.9b | -CA$282,235,636.00 | 9.6x | -15.8x | 2.4x |
| Fri, 26 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.3x | 25.5x | 4.3x |
| Sun, 24 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.8x | 25.1x | 4.2x |
| Tue, 21 Nov 2023 | CA$9.0b | CA$2.2b | CA$370.3m | 6.7x | 24.2x | 4.1x |
| Thu, 19 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.9x | 4.4x |
| Sat, 16 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7.2x | 37.5x | 4.6x |
| Mon, 14 Aug 2023 | CA$9.5b | CA$2.1b | CA$247.6m | 6.7x | 38.5x | 4.5x |
| Wed, 12 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Fri, 09 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
Price to Earnings Ratio
18.6x
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 | -0.35% | |
| Real Estate | -0.51% | |
| REITS | 0.26% | |
| Diversified REITs | 0.26% | |
| Residential REITs | -0.00076% | |
| Industrial REITs | -0.26% | |
| Retail REITs | -0.31% | |
| Office REITs | -1.25% | |
| Healthcare REITs | -1.65% | |
| Specialized REITs | -2.27% | |
| Hotel and Resort REITs | -4.55% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 20.9x.
- 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$6.78 | 4.5% +CA$19.4m | 13.9% | PB0.5x | |
| HR.UN H&R Real Estate Investment Trust | CA$10.40 | 0.3% +CA$7.9m | -2.3% | PB0.7x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.80 | 1.3% +CA$4.4m | 5.6% | PB0.7x |