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Canadian (TSX) REITS Industry Analysis

UpdatedAug 11, 2025
DataAggregated Company Financials
Companies6
  • 7D0.1%
  • 3M10.4%
  • 1Y15.9%
  • YTD15.7%

Over the last 7 days, the REITS industry has remained flat. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 94% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 Aug 2025CA$5.0bCA$1.5b-CA$218,183,644.008.3x-22.8x3.3x
Wed, 09 Jul 2025CA$5.2bCA$1.6b-CA$195,408,672.007.8x-26.4x3.3x
Fri, 06 Jun 2025CA$4.7bCA$1.6b-CA$195,408,672.007.8x-24.1x3x
Sun, 04 May 2025CA$4.5bCA$1.6b-CA$135,003,792.007.7x-33.4x2.9x
Tue, 01 Apr 2025CA$4.7bCA$1.6b-CA$189,655,274.007.7x-24.8x2.9x
Thu, 27 Feb 2025CA$4.8bCA$1.7b-CA$239,924,479.007.8x-19.9x2.9x
Sat, 25 Jan 2025CA$4.4bCA$1.7b-CA$391,634,479.0010.9x-11.3x2.7x
Mon, 23 Dec 2024CA$4.5bCA$1.7b-CA$391,634,479.0011.3x-11.4x2.7x
Wed, 20 Nov 2024CA$5.1bCA$1.8b-CA$398,329,474.0010.4x-12.9x2.9x
Fri, 18 Oct 2024CA$5.5bCA$1.9b-CA$474,273,724.009.4x-11.6x2.9x
Sun, 15 Sep 2024CA$5.5bCA$1.9b-CA$474,273,724.009.2x-11.7x2.9x
Tue, 13 Aug 2024CA$4.7bCA$1.8b-CA$242,052,459.008.5x-19.5x2.6x
Thu, 11 Jul 2024CA$4.5bCA$1.8b-CA$341,683,846.007.9x-13.1x2.5x
Sat, 08 Jun 2024CA$4.6bCA$1.8b-CA$341,683,846.008x-13.5x2.6x
Mon, 06 May 2024CA$4.5bCA$1.8b-CA$259,777,117.007.6x-17.5x2.5x
Wed, 03 Apr 2024CA$4.6bCA$1.8b-CA$236,724,569.007.6x-19.3x2.5x
Fri, 01 Mar 2024CA$4.4bCA$1.9b-CA$282,235,636.009.4x-15.7x2.3x
Sun, 28 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Tue, 26 Dec 2023CA$9.2bCA$2.2bCA$367.5m6.8x25.1x4.2x
Thu, 23 Nov 2023CA$9.0bCA$2.2bCA$362.1m6.8x24.8x4.1x
Sat, 21 Oct 2023CA$8.9bCA$2.0bCA$250.7m6.3x35.4x4.4x
Mon, 18 Sep 2023CA$9.6bCA$2.0bCA$250.7m7.3x38.1x4.7x
Wed, 16 Aug 2023CA$9.5bCA$2.1bCA$247.6m6.6x38.3x4.5x
Fri, 14 Jul 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.5x4.4x
Sun, 11 Jun 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.5x4.4x
Tue, 09 May 2023CA$9.9bCA$2.2bCA$1.7b3.7x5.9x4.5x
Thu, 06 Apr 2023CA$10.3bCA$2.2bCA$1.7b4x6x4.7x
Sat, 04 Mar 2023CA$85.9bCA$14.1bCA$7.8b6.4x11.1x6.1x
Mon, 30 Jan 2023CA$86.8bCA$14.4bCA$11.1b5.4x7.8x6x
Wed, 28 Dec 2022CA$79.6bCA$14.4bCA$11.1b5.1x7.2x5.5x
Fri, 25 Nov 2022CA$80.9bCA$14.3bCA$11.1b5.3x7.3x5.6x
Sun, 23 Oct 2022CA$73.9bCA$14.3bCA$13.2b4.4x5.6x5.2x
Tue, 20 Sep 2022CA$80.3bCA$14.3bCA$13.2b4.5x6.1x5.6x
Thu, 18 Aug 2022CA$85.8bCA$14.2bCA$13.2b4.9x6.5x6x
Price to Earnings Ratio

6.5x


Total Market Cap: CA$85.8bTotal Earnings: CA$13.2bTotal Revenue: CA$14.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average -0.3x202320242025
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 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.3x.
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 53% per year, which is driving profits down.

Industry Trends

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

CA Market1.31%
Real Estate0.82%
REITS0.12%
Industrial REITs4.76%
Retail REITs0.87%
Healthcare REITs0.84%
Specialized REITs0.72%
Office REITs0.49%
Diversified REITs0.12%
Residential REITs-1.49%
Hotel and Resort REITs-2.64%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings decline of 31.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 136% over the next 5 years.
  • In contrast, the Industrial REITs industry is expected to see its earnings grow by 9.0% 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
HR.UN H&R Real Estate Investment TrustCA$11.600.5%
+CA$15.8m		20.7%PB0.6x
MRT.UN Morguard Real Estate Investment TrustCA$5.752.5%
+CA$10.2m		7.9%PB0.4x
NET.UN Canadian Net Real Estate Investment TrustCA$5.510.2%
+CA$206.0k		1.3%PB0.8x

Latest News

AX.UN
CA$7.22
Artis Real Estate Investment Trust
7D
-2.2%
1Y
9.2%
FCD.UN
CA$6.04
Firm Capital Property Trust
7D
-0.5%
1Y
12.9%
BTB.UN
CA$3.60
BTB Real Estate Investment Trust
7D
-1.1%
1Y
13.2%
NET.UN
CA$5.51
Canadian Net Real Estate Investment Trust
7D
0.2%
1Y
1.3%
MRT.UN
CA$5.75
Morguard Real Estate Investment Trust
7D
2.5%
1Y
7.9%
HR.UN
CA$11.60
H&R Real Estate Investment Trust
7D
0.5%
1Y
20.7%