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Canadian (TSX) REITS Industry Analysis
UpdatedMay 29, 2026
DataAggregated Company Financials
Companies5
- 7D-0.5%
- 3M0.1%
- 1Y1.5%
- YTD1.1%
The REITS industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 134% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 29 May 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.5x | -5.7x | 3.1x |
| Sun, 26 Apr 2026 | CA$4.1b | CA$1.3b | -CA$743,365,441.00 | 9.2x | -5.6x | 3.1x |
| Tue, 24 Mar 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.2x | 2.9x |
| Thu, 19 Feb 2026 | CA$4.1b | CA$1.3b | -CA$733,557,722.00 | 9.4x | -5.6x | 3.1x |
| Sat, 17 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.4x | -11.1x | 3.1x |
| Mon, 15 Dec 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.3x | 2.9x |
| Wed, 12 Nov 2025 | CA$4.2b | CA$1.2b | -CA$56,640,720.00 | 8.2x | -73.8x | 3.6x |
| Fri, 10 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9x | -44x | 3.5x |
| Sun, 07 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.8x | -46.1x | 3.7x |
| Tue, 05 Aug 2025 | CA$5.0b | CA$1.5b | -CA$194,880,672.00 | 7.9x | -25.5x | 3.2x |
| Thu, 03 Jul 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.4x | 3.1x |
| Sat, 31 May 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -24.1x | 3x |
| Mon, 28 Apr 2025 | CA$4.5b | CA$1.6b | -CA$160,113,792.00 | 7.7x | -27.9x | 2.9x |
| Wed, 26 Mar 2025 | CA$4.7b | CA$1.6b | -CA$189,655,274.00 | 7.8x | -25x | 2.9x |
| Fri, 21 Feb 2025 | CA$4.8b | CA$1.7b | -CA$257,037,479.00 | 11.3x | -18.7x | 2.9x |
| Sun, 19 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.3x | 2.7x |
| Tue, 17 Dec 2024 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.7x | 2.7x |
| Thu, 14 Nov 2024 | CA$5.2b | CA$1.8b | -CA$390,393,474.00 | 10.4x | -13.3x | 2.9x |
| Sat, 12 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.1x | -11.3x | 2.9x |
| Mon, 09 Sep 2024 | CA$5.2b | CA$1.9b | -CA$474,273,724.00 | 8.8x | -10.9x | 2.7x |
| Wed, 07 Aug 2024 | CA$4.7b | CA$1.8b | -CA$338,765,846.00 | 7.9x | -13.8x | 2.6x |
| Fri, 05 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.2x | 2.5x |
| Sun, 02 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Tue, 30 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.6x | 2.5x |
| Thu, 28 Mar 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.3x | 2.5x |
| Sat, 24 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.7x | -16.2x | 2.4x |
| Mon, 22 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.3x | 25.4x | 4.3x |
| Wed, 20 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.8x | 24.9x | 4.2x |
| Fri, 17 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.6x | 24.1x | 4.1x |
| Sun, 15 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.8x | 4.4x |
| Tue, 12 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7x | 37.6x | 4.6x |
| Thu, 10 Aug 2023 | CA$9.6b | CA$2.0b | CA$429.7m | 5.9x | 22.4x | 4.8x |
| Sat, 08 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Mon, 05 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
Price to Earnings Ratio
18.7x
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 3.3x.
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 15% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 0.08% | |
| Real Estate | 0.87% | |
| REITS | -0.49% | |
| Industrial REITs | 1.89% | |
| Healthcare REITs | 1.31% | |
| Retail REITs | 0.84% | |
| Residential REITs | 0.65% | |
| Specialized REITs | -0.49% | |
| Diversified REITs | -0.49% | |
| Office REITs | -0.62% | |
| Hotel and Resort REITs | -0.63% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BTB.UN BTB Real Estate Investment Trust | CA$3.78 | 2.2% +CA$7.1m | 5.0% | PB0.7x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$6.54 | 0.6% +CA$2.7m | 10.1% | PB0.5x | |
| FCD.UN Firm Capital Property Trust | CA$6.90 | 0.9% +CA$2.2m | 13.1% | PB0.8x |