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Canadian (TSX) REITS Industry Analysis
UpdatedJul 09, 2026
DataAggregated Company Financials
Companies5
- 7D0.7%
- 3M8.1%
- 1Y-5.3%
- YTD7.3%
Over the last 7 days, the REITS industry has risen 1.6%, driven by gains from H&R Real Estate Investment Trust of 0.7%. Despite this gain, the industry's performance has been flat over the past year. 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 |
|---|---|---|---|---|---|---|
| Thu, 09 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 14.9x | -6.1x | 3.3x |
| Sat, 06 Jun 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.5x | -5.7x | 3.1x |
| Mon, 04 May 2026 | CA$4.1b | CA$1.3b | -CA$725,664,441.00 | 12.4x | -5.7x | 3.1x |
| Wed, 01 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.2x | 2.9x |
| Fri, 27 Feb 2026 | CA$4.1b | CA$1.3b | -CA$753,336,722.00 | 12x | -5.4x | 3x |
| Sun, 25 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.2x | -11.1x | 3.1x |
| Tue, 23 Dec 2025 | CA$4.1b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.7x | 3x |
| Thu, 20 Nov 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.3x | -10.1x | 2.9x |
| Sat, 18 Oct 2025 | CA$4.8b | CA$1.4b | -CA$110,680,261.00 | 9x | -43.8x | 3.5x |
| Mon, 15 Sep 2025 | CA$5.2b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.7x | 3.7x |
| Wed, 13 Aug 2025 | CA$5.0b | CA$1.6b | -CA$224,543,644.00 | 8.4x | -22.1x | 3.2x |
| Fri, 11 Jul 2025 | CA$5.3b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -27x | 3.4x |
| Sun, 08 Jun 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.3x | 3.1x |
| Tue, 06 May 2025 | CA$4.5b | CA$1.6b | -CA$135,003,792.00 | 7.7x | -33.4x | 2.9x |
| Thu, 03 Apr 2025 | CA$4.8b | CA$1.6b | -CA$190,710,792.00 | 7.8x | -25x | 2.9x |
| Sat, 01 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.8x | -19.9x | 2.8x |
| Mon, 27 Jan 2025 | CA$4.2b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -10.8x | 2.5x |
| Wed, 25 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.4x | 2.7x |
| Fri, 22 Nov 2024 | CA$5.0b | CA$1.8b | -CA$388,395,613.00 | 11.1x | -12.9x | 2.8x |
| Sun, 20 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Tue, 17 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Thu, 15 Aug 2024 | CA$4.7b | CA$1.7b | -CA$248,596,459.00 | 8.6x | -19x | 2.7x |
| Sat, 13 Jul 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.4x | 2.5x |
| Mon, 10 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.4x | 2.5x |
| Wed, 08 May 2024 | CA$4.5b | CA$1.8b | -CA$261,426,117.00 | 7.9x | -17.3x | 2.5x |
| Fri, 05 Apr 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.6x | -19.1x | 2.5x |
| Sun, 03 Mar 2024 | CA$4.4b | CA$1.9b | -CA$228,340,636.00 | 9.5x | -19.4x | 2.4x |
| Tue, 30 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.4x | 25.5x | 4.3x |
| Thu, 28 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.2x | 4.2x |
| Sat, 25 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.8x | 24.3x | 4.1x |
| Mon, 23 Oct 2023 | CA$8.9b | CA$2.0b | CA$250.7m | 6.3x | 35.4x | 4.4x |
| Wed, 20 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7.2x | 37.6x | 4.6x |
| Fri, 18 Aug 2023 | CA$9.5b | CA$2.1b | CA$251.7m | 7.5x | 37.7x | 4.5x |
| Sun, 16 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
Price to Earnings Ratio
18.5x
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 | 0.18% | |
| Real Estate | 1.53% | |
| REITS | 0.73% | |
| Office REITs | 3.30% | |
| Industrial REITs | 2.43% | |
| Healthcare REITs | 2.00% | |
| Retail REITs | 1.57% | |
| Residential REITs | 1.51% | |
| Diversified REITs | 0.73% | |
| Hotel and Resort REITs | -1.09% | |
| Specialized REITs | -2.03% | |
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 19.6%, 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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$11.06 | 0.7% +CA$21.2m | -11.4% | PB0.7x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$7.09 | 1.3% +CA$6.0m | 23.3% | PB0.5x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.89 | 0.5% +CA$1.8m | 6.0% | PB0.7x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.50 | 1.1% +CA$1.4m | 17.0% | PB1x |