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Canadian (TSX) REITS Industry Analysis
UpdatedJun 12, 2026
DataAggregated Company Financials
Companies5
- 7D7.5%
- 3M10.9%
- 1Y7.4%
- YTD8.7%
Last week, the REITS industry hasn't moved much but H&R Real Estate Investment Trust is up 11% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 133% 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, 12 Jun 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.9x | -5.7x | 3.1x |
| Sun, 10 May 2026 | CA$4.1b | CA$1.3b | -CA$725,664,441.00 | 12.4x | -5.7x | 3.1x |
| Tue, 07 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.3x | 2.9x |
| Thu, 05 Mar 2026 | CA$4.1b | CA$1.3b | -CA$753,336,722.00 | 11.9x | -5.4x | 3x |
| Sat, 31 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.4x | -11.1x | 3.1x |
| Mon, 29 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Wed, 26 Nov 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.5x | 3x |
| Fri, 24 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.1x | -44.6x | 3.6x |
| Sun, 21 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.1x | 3.7x |
| Tue, 19 Aug 2025 | CA$5.1b | CA$1.4b | -CA$118,247,644.00 | 8.6x | -42.8x | 3.7x |
| Thu, 17 Jul 2025 | CA$5.2b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -26.5x | 3.3x |
| Sat, 14 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.6x | 3.1x |
| Mon, 12 May 2025 | CA$4.5b | CA$1.5b | -CA$121,473,149.00 | 7.8x | -37x | 2.9x |
| Wed, 09 Apr 2025 | CA$4.4b | CA$1.6b | -CA$190,710,792.00 | 7x | -23.2x | 2.7x |
| Fri, 07 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.7x | -19.9x | 2.9x |
| Sun, 02 Feb 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.5x | 2.7x |
| Tue, 31 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.8x | -11.5x | 2.7x |
| Thu, 28 Nov 2024 | CA$5.0b | CA$1.8b | -CA$391,286,479.00 | 13x | -12.9x | 2.8x |
| Sat, 26 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.5x | 2.9x |
| Mon, 23 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Wed, 21 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.6x | -10.3x | 2.9x |
| Fri, 19 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.8x | 2.6x |
| Sun, 16 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.2x | 2.5x |
| Tue, 14 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8.1x | -16.5x | 2.5x |
| Thu, 11 Apr 2024 | CA$4.7b | CA$1.8b | -CA$243,799,117.00 | 7.7x | -19.4x | 2.6x |
| Sat, 09 Mar 2024 | CA$4.5b | CA$1.8b | -CA$241,919,636.00 | 9.6x | -18.5x | 2.5x |
| Mon, 05 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.2x | 4.2x |
| Wed, 03 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 6.9x | 25.2x | 4.2x |
| Fri, 01 Dec 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.7x | 24.1x | 4.1x |
| Sun, 29 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.2x | 32.6x | 4.3x |
| Tue, 26 Sep 2023 | CA$9.3b | CA$2.0b | CA$250.7m | 6.9x | 37x | 4.5x |
| Thu, 24 Aug 2023 | CA$9.5b | CA$2.0b | CA$251.7m | 7.4x | 37.7x | 4.7x |
| Sat, 22 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Mon, 19 Jun 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 | -1.56% | |
| Real Estate | 1.70% | |
| REITS | 7.52% | |
| Diversified REITs | 7.52% | |
| Hotel and Resort REITs | 4.94% | |
| Office REITs | 2.12% | |
| Residential REITs | 2.04% | |
| Retail REITs | 1.81% | |
| Specialized REITs | 1.26% | |
| Industrial REITs | 0.35% | |
| Healthcare REITs | 0.19% | |
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 19.9%, 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$11.39 | 10.7% +CA$291.0m | 5.3% | PB0.7x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.83 | 2.4% +CA$8.0m | 4.9% | PB0.7x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.58 | 1.4% +CA$1.9m | 21.6% | PB1x |