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Canadian (TSX) REITS Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies5
  • 7D0.6%
  • 3M11.2%
  • 1Y5.3%
  • YTD7.2%

The REITS industry has stayed flat over the last week. As for the the longer term, the industry is up 5.3% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026CA$4.3bCA$1.3b-CA$715,702,434.0015x-6x3.3x
Mon, 18 May 2026CA$4.0bCA$1.3b-CA$708,003,316.0012.1x-5.7x3.1x
Wed, 15 Apr 2026CA$4.1bCA$1.3b-CA$743,365,441.009.2x-5.5x3x
Fri, 13 Mar 2026CA$4.0bCA$1.3b-CA$746,559,458.009.4x-5.3x3x
Sun, 08 Feb 2026CA$4.2bCA$1.3b-CA$379,898,722.009.3x-11.1x3.1x
Tue, 06 Jan 2026CA$4.1bCA$1.3b-CA$379,898,722.008.8x-10.8x3x
Thu, 04 Dec 2025CA$3.9bCA$1.3b-CA$379,898,722.008.5x-10.4x2.9x
Sat, 01 Nov 2025CA$4.8bCA$1.4b-CA$121,587,261.009x-39.2x3.5x
Mon, 29 Sep 2025CA$5.0bCA$1.4b-CA$110,680,261.008.7x-44.9x3.6x
Wed, 27 Aug 2025CA$5.1bCA$1.4b-CA$110,680,261.008.5x-46.2x3.7x
Fri, 25 Jul 2025CA$5.1bCA$1.6b-CA$195,408,672.007.8x-26x3.3x
Sun, 22 Jun 2025CA$4.8bCA$1.6b-CA$195,408,672.007.7x-24.5x3.1x
Tue, 20 May 2025CA$4.6bCA$1.5b-CA$195,457,672.007.8x-23.5x3x
Thu, 17 Apr 2025CA$4.5bCA$1.6b-CA$190,710,792.007.5x-23.7x2.8x
Sat, 15 Mar 2025CA$4.7bCA$1.6b-CA$187,099,479.007.7x-25x2.9x
Mon, 10 Feb 2025CA$4.6bCA$1.7b-CA$391,634,479.0011x-11.8x2.8x
Wed, 08 Jan 2025CA$4.6bCA$1.7b-CA$391,634,479.0011.2x-11.6x2.7x
Fri, 06 Dec 2024CA$4.7bCA$1.7b-CA$391,634,479.0011.1x-11.9x2.8x
Sun, 03 Nov 2024CA$5.2bCA$1.9b-CA$419,037,724.009.4x-12.5x2.8x
Tue, 01 Oct 2024CA$5.5bCA$1.9b-CA$474,273,724.009.2x-11.7x2.9x
Thu, 29 Aug 2024CA$5.0bCA$1.6b-CA$474,273,724.008.9x-10.6x3.1x
Sat, 27 Jul 2024CA$4.8bCA$1.8b-CA$341,683,846.008.2x-13.9x2.6x
Mon, 24 Jun 2024CA$4.4bCA$1.8b-CA$341,683,846.007.8x-12.8x2.4x
Wed, 22 May 2024CA$4.7bCA$1.8b-CA$335,752,067.006.9x-14x2.6x
Fri, 19 Apr 2024CA$4.5bCA$1.8b-CA$243,799,117.007.5x-18.5x2.5x
Sun, 17 Mar 2024CA$4.4bCA$1.8b-CA$243,773,556.009.7x-18x2.4x
Tue, 13 Feb 2024CA$4.8bCA$1.9b-CA$454,597,636.008.5x-10.5x2.5x
Thu, 11 Jan 2024CA$9.3bCA$2.2bCA$367.5m7.3x25.3x4.3x
Sat, 09 Dec 2023CA$9.0bCA$2.2bCA$367.5m6.7x24.5x4.1x
Mon, 06 Nov 2023CA$9.1bCA$2.0bCA$224.6m6.7x40.5x4.5x
Wed, 04 Oct 2023CA$9.0bCA$2.0bCA$250.7m6x36x4.4x
Fri, 01 Sep 2023CA$9.5bCA$2.0bCA$250.7m7.2x37.9x4.7x
Sun, 30 Jul 2023CA$9.6bCA$2.2bCA$486.3m5.4x19.7x4.4x
Tue, 27 Jun 2023CA$9.4bCA$2.2bCA$515.8m5.4x18.2x4.4x
Price to Earnings Ratio

18.2x


Total Market Cap: CA$9.4bTotal Earnings: CA$515.8mTotal Revenue: CA$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian REITS Industry Price to Earnings3Y Average -8.2x202420252026
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-0.37%
Real Estate-1.02%
REITS0.62%
Office REITs1.70%
Diversified REITs0.62%
Specialized REITs0.58%
Retail REITs-0.21%
Industrial REITs-1.05%
Residential REITs-1.47%
Healthcare REITs-3.68%
Hotel and Resort REITs-5.74%
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 19.8%, 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$11.140.8%
+CA$23.8m		2.1%PB0.7x
BTB.UN BTB Real Estate Investment TrustCA$3.861.0%
+CA$3.5m		5.8%PB0.7x
NET.UN Canadian Net Real Estate Investment TrustCA$6.630.8%
+CA$1.0m		23.5%PB1x

Latest News

NET.UN
CA$6.63
Canadian Net Real Estate Investment Trust
7D
0.8%
1Y
23.5%
MRT.UN
CA$6.76
Morguard Real Estate Investment Trust
7D
-0.7%
1Y
18.6%
BTB.UN
CA$3.86
BTB Real Estate Investment Trust
7D
1.0%
1Y
5.8%
HR.UN
CA$11.14
H&R Real Estate Investment Trust
7D
0.8%
1Y
2.1%