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Canadian (TSX) REITS Industry Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies5
- 7D-0.6%
- 3M4.1%
- 1Y-3.8%
- YTD7.0%
Last week, the REITS industry hasn't moved much but Canadian Net Real Estate Investment Trust is up 6.0% in that time. Unfortunately though, the industry is down 3.8% over the past 12 months. As for the next few years, earnings are expected to grow by 133% 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 |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 15.3x | -6x | 3.3x |
| Thu, 11 Jun 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.7x | -5.7x | 3.1x |
| Sat, 09 May 2026 | CA$4.1b | CA$1.3b | -CA$725,664,441.00 | 12.4x | -5.7x | 3.1x |
| Mon, 06 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.3x | 2.9x |
| Wed, 04 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 11.9x | -5.4x | 3x |
| Fri, 30 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.6x | -10.9x | 3.1x |
| Sun, 28 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Tue, 25 Nov 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.3x | -10.2x | 2.9x |
| Thu, 23 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.1x | -44.6x | 3.6x |
| Sat, 20 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46x | 3.7x |
| Mon, 18 Aug 2025 | CA$5.1b | CA$1.4b | -CA$118,247,644.00 | 8.5x | -42.8x | 3.7x |
| Wed, 16 Jul 2025 | CA$5.2b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -26.6x | 3.3x |
| Fri, 13 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.3x | 3.1x |
| Sun, 11 May 2025 | CA$4.5b | CA$1.5b | -CA$121,473,149.00 | 7.8x | -37x | 2.9x |
| Tue, 08 Apr 2025 | CA$4.6b | CA$1.6b | -CA$190,710,792.00 | 7.1x | -23.9x | 2.8x |
| Thu, 06 Mar 2025 | CA$4.7b | CA$1.7b | -CA$239,924,479.00 | 7.7x | -19.7x | 2.8x |
| Sat, 01 Feb 2025 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.7x | 2.7x |
| Mon, 30 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -11.5x | 2.7x |
| Wed, 27 Nov 2024 | CA$4.8b | CA$1.8b | -CA$391,286,479.00 | 12.9x | -12.3x | 2.7x |
| Fri, 25 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.5x | 2.9x |
| Sun, 22 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Tue, 20 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.8x | -10.3x | 2.9x |
| Thu, 18 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.7x | 2.6x |
| Sat, 15 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.3x | 2.5x |
| Mon, 13 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8x | -16.4x | 2.5x |
| Wed, 10 Apr 2024 | CA$4.6b | CA$1.8b | -CA$243,799,117.00 | 7.8x | -19x | 2.5x |
| Fri, 08 Mar 2024 | CA$4.5b | CA$1.8b | -CA$241,919,636.00 | 9.6x | -18.4x | 2.5x |
| Sun, 04 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.2x | 4.2x |
| Tue, 02 Jan 2024 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.1x | 4.2x |
| Thu, 30 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.7x | 24.3x | 4.1x |
| Sat, 28 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.2x | 32.6x | 4.3x |
| Mon, 25 Sep 2023 | CA$9.3b | CA$2.0b | CA$250.7m | 7.1x | 37.2x | 4.6x |
| Wed, 23 Aug 2023 | CA$9.4b | CA$2.1b | CA$251.7m | 7.3x | 37.4x | 4.4x |
| Fri, 21 Jul 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 | 0.16% | |
| Real Estate | -1.04% | |
| REITS | -0.65% | |
| Hotel and Resort REITs | 1.12% | |
| Healthcare REITs | 0.18% | |
| Office REITs | -0.14% | |
| Retail REITs | -0.44% | |
| Specialized REITs | -0.50% | |
| Diversified REITs | -0.65% | |
| Industrial REITs | -0.96% | |
| Residential REITs | -1.43% | |
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 | |
|---|---|---|---|---|---|
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.71 | 3.9% +CA$5.2m | 20.9% | PB1x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$7.02 | 0.2% +CA$1.0m | 21.8% | PB0.5x | |
| FCD.UN Firm Capital Property Trust | CA$6.93 | 0.1% +CA$369.3k | 14.8% | PB0.8x |