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Canadian (TSX) REITS Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies5
  • 7D0.7%
  • 3M0.6%
  • 1Y2.3%
  • YTD1.3%

In the last week, REITS has been flat. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026CA$4.1bCA$1.3b-CA$715,702,434.0014.6x-5.7x3.1x
Tue, 28 Apr 2026CA$4.1bCA$1.3b-CA$743,365,441.009.3x-5.6x3.1x
Thu, 26 Mar 2026CA$3.9bCA$1.3b-CA$743,365,441.008.9x-5.3x2.9x
Sat, 21 Feb 2026CA$4.1bCA$1.3b-CA$733,557,722.009.3x-5.6x3x
Mon, 19 Jan 2026CA$4.2bCA$1.3b-CA$379,898,722.009.4x-11.2x3.1x
Wed, 17 Dec 2025CA$4.0bCA$1.3b-CA$379,898,722.008.6x-10.4x2.9x
Fri, 14 Nov 2025CA$4.2bCA$1.2b-CA$56,640,720.008.2x-73.9x3.6x
Sun, 12 Oct 2025CA$4.8bCA$1.4b-CA$110,680,261.008.9x-43.4x3.5x
Tue, 09 Sep 2025CA$5.2bCA$1.4b-CA$110,680,261.008.7x-46.6x3.7x
Thu, 07 Aug 2025CA$5.0bCA$1.5b-CA$200,421,644.008.2x-24.9x3.2x
Sat, 05 Jul 2025CA$4.7bCA$1.6b-CA$195,408,672.007.8x-24.3x3.1x
Mon, 02 Jun 2025CA$4.7bCA$1.6b-CA$195,408,672.007.9x-23.9x3x
Wed, 30 Apr 2025CA$4.5bCA$1.6b-CA$160,113,792.007.8x-27.8x2.8x
Fri, 28 Mar 2025CA$4.7bCA$1.6b-CA$189,655,274.007.8x-24.9x2.9x
Sun, 23 Feb 2025CA$4.8bCA$1.7b-CA$257,037,479.0011.3x-18.5x2.8x
Tue, 21 Jan 2025CA$4.4bCA$1.7b-CA$391,634,479.0011x-11.3x2.7x
Thu, 19 Dec 2024CA$4.6bCA$1.7b-CA$391,634,479.0011.2x-11.7x2.8x
Sat, 16 Nov 2024CA$5.1bCA$1.8b-CA$398,329,474.0010.4x-12.8x2.9x
Mon, 14 Oct 2024CA$5.4bCA$1.9b-CA$474,273,724.009.1x-11.4x2.9x
Wed, 11 Sep 2024CA$5.2bCA$1.9b-CA$474,273,724.009x-11x2.8x
Fri, 09 Aug 2024CA$4.7bCA$1.8b-CA$339,026,459.008.2x-13.8x2.6x
Sun, 07 Jul 2024CA$4.5bCA$1.8b-CA$341,683,846.007.8x-13.1x2.5x
Tue, 04 Jun 2024CA$4.6bCA$1.8b-CA$341,683,846.008x-13.4x2.5x
Thu, 02 May 2024CA$4.5bCA$1.8b-CA$243,799,117.007.5x-18.5x2.5x
Sat, 30 Mar 2024CA$4.6bCA$1.8b-CA$236,724,569.007.5x-19.5x2.5x
Mon, 26 Feb 2024CA$4.6bCA$1.9b-CA$282,200,636.009.7x-16.2x2.4x
Wed, 24 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Fri, 22 Dec 2023CA$9.1bCA$2.2bCA$367.5m6.7x24.9x4.2x
Sun, 19 Nov 2023CA$8.9bCA$2.2bCA$370.3m6.7x24.1x4.1x
Tue, 17 Oct 2023CA$9.0bCA$2.0bCA$250.7m6.4x36x4.4x
Thu, 14 Sep 2023CA$9.4bCA$2.0bCA$250.7m7.1x37.5x4.6x
Sat, 12 Aug 2023CA$9.5bCA$2.0bCA$247.6m6.7x38.5x4.8x
Mon, 10 Jul 2023CA$9.5bCA$2.2bCA$515.8m5.4x18.4x4.4x
Wed, 07 Jun 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.7x4.5x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$9.6bTotal Earnings: CA$515.8mTotal Revenue: CA$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average -7.8x202420252026
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 Market0.44%
Real Estate-0.062%
REITS0.71%
Diversified REITs0.71%
Healthcare REITs0.37%
Residential REITs0.34%
Industrial REITs0.058%
Retail REITs-0.17%
Office REITs-0.91%
Specialized REITs-2.27%
Hotel and Resort REITs-3.45%
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?

CompanyLast Price7D1YValuation
HR.UN H&R Real Estate Investment TrustCA$10.360.6%
+CA$15.9m		-0.7%PB0.7x
MRT.UN Morguard Real Estate Investment TrustCA$6.632.0%
+CA$8.7m		11.4%PB0.5x
BTB.UN BTB Real Estate Investment TrustCA$3.771.3%
+CA$4.4m		5.0%PB0.7x

Latest News

NET.UN
CA$6.43
Canadian Net Real Estate Investment Trust
7D
-1.1%
1Y
19.3%
MRT.UN
CA$6.63
Morguard Real Estate Investment Trust
7D
2.0%
1Y
11.4%
HR.UN
CA$10.36
H&R Real Estate Investment Trust
7D
0.6%
1Y
-0.7%
BTB.UN
CA$3.77
BTB Real Estate Investment Trust
7D
1.3%
1Y
5.0%