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Canadian (TSX) REITS Industry Analysis
UpdatedAug 12, 2026
DataAggregated Company Financials
Companies5
- 7D-1.8%
- 3M3.9%
- 1Y-2.4%
- YTD5.0%
Over the last 7 days, the REITS industry has dropped 1.8%, driven by a pullback from H&R Real Estate Investment Trust of 6.9%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 145% 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 |
|---|---|---|---|---|---|---|
| Thu, 13 Aug 2026 | CA$4.3b | CA$1.3b | -CA$712,013,434.00 | 15x | -6x | 3.2x |
| Sat, 11 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 15.3x | -6x | 3.3x |
| Mon, 08 Jun 2026 | CA$4.0b | CA$1.3b | -CA$715,702,434.00 | 14.5x | -5.6x | 3.1x |
| Wed, 06 May 2026 | CA$4.1b | CA$1.3b | -CA$725,664,441.00 | 12.4x | -5.6x | 3.1x |
| Fri, 03 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.3x | 2.9x |
| Sun, 01 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 12x | -5.4x | 3x |
| Tue, 27 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9x | -11.1x | 3.1x |
| Thu, 25 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Sat, 22 Nov 2025 | CA$3.8b | CA$1.3b | -CA$379,898,722.00 | 8.3x | -10.1x | 2.9x |
| Mon, 20 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9x | -44.1x | 3.5x |
| Wed, 17 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.5x | 3.7x |
| Fri, 15 Aug 2025 | CA$5.0b | CA$1.6b | -CA$224,543,644.00 | 8.5x | -22.4x | 3.2x |
| Sun, 13 Jul 2025 | CA$5.0b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -25.4x | 3.2x |
| Tue, 10 Jun 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.3x | 3.1x |
| Thu, 08 May 2025 | CA$4.5b | CA$1.6b | -CA$134,548,792.00 | 7.7x | -33.2x | 2.9x |
| Sat, 05 Apr 2025 | CA$4.7b | CA$1.6b | -CA$190,710,792.00 | 7.3x | -24.9x | 2.9x |
| Mon, 03 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.8x | -19.8x | 2.8x |
| Wed, 29 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -11.5x | 2.7x |
| Fri, 27 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.5x | 2.7x |
| Sun, 24 Nov 2024 | CA$5.0b | CA$1.8b | -CA$391,286,479.00 | 12.9x | -12.8x | 2.8x |
| Tue, 22 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.6x | 2.9x |
| Thu, 19 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.6x | 2.9x |
| Sat, 17 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.6x | -10.2x | 2.9x |
| Mon, 15 Jul 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.5x | 2.6x |
| Wed, 12 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.4x | 2.5x |
| Fri, 10 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8x | -16.5x | 2.5x |
| Sun, 07 Apr 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.7x | -19.4x | 2.5x |
| Tue, 05 Mar 2024 | CA$4.4b | CA$1.8b | -CA$241,365,636.00 | 9.5x | -18.4x | 2.4x |
| Thu, 01 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.2x | 25.3x | 4.3x |
| Sat, 30 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.1x | 4.2x |
| Mon, 27 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.8x | 24.3x | 4.1x |
| Wed, 25 Oct 2023 | CA$8.9b | CA$2.0b | CA$250.7m | 6.2x | 35.3x | 4.3x |
| Fri, 22 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7.1x | 37.4x | 4.6x |
| Sun, 20 Aug 2023 | CA$9.5b | CA$2.1b | CA$251.7m | 7.5x | 37.8x | 4.5x |
Price to Earnings Ratio
37.8x
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 | 1.10% | |
| Real Estate | -1.54% | |
| REITS | -1.84% | |
| Specialized REITs | 0% | 0 |
| Industrial REITs | -1.61% | |
| Diversified REITs | -1.84% | |
| Residential REITs | -2.48% | |
| Hotel and Resort REITs | -2.52% | |
| Retail REITs | -2.59% | |
| Office REITs | -2.69% | |
| Healthcare REITs | -3.80% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 20.9x.
- Analysts are expecting annual earnings growth of 25.8%, which is higher than its past year's earnings growth of 18.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 145% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| BTB.UN BTB Real Estate Investment Trust | CA$3.90 | 2.1% +CA$7.1m | 7.1% | PB0.7x | |
| FCD.UN Firm Capital Property Trust | CA$7.03 | 1.0% +CA$2.6m | 16.6% | PB0.8x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$7.00 | 1.3% +CA$1.9m | 26.6% | PB1x |