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Canadian (TSX) REITS Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies5
- 7D-0.3%
- 3M9.4%
- 1Y6.4%
- YTD6.5%
Over the last 7 days, the REITS industry has remained flat, although notably Morguard Real Estate Investment Trust gained 3.4%. The past year has been better, since the industry has gained 6.4% in that time. 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 |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 14.8x | -6x | 3.2x |
| Sat, 30 May 2026 | CA$4.1b | CA$1.3b | -CA$715,702,434.00 | 14.6x | -5.7x | 3.1x |
| Mon, 27 Apr 2026 | CA$4.1b | CA$1.3b | -CA$743,365,441.00 | 9.2x | -5.6x | 3.1x |
| Wed, 25 Mar 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.8x | -5.2x | 2.9x |
| Fri, 20 Feb 2026 | CA$4.1b | CA$1.3b | -CA$733,557,722.00 | 9.3x | -5.6x | 3x |
| Sun, 18 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.4x | -11.2x | 3.1x |
| Tue, 16 Dec 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.5x | -10.3x | 2.9x |
| Thu, 13 Nov 2025 | CA$4.2b | CA$1.2b | -CA$56,640,720.00 | 8.2x | -74x | 3.6x |
| Sat, 11 Oct 2025 | CA$4.8b | CA$1.4b | -CA$110,680,261.00 | 8.9x | -43.7x | 3.5x |
| Mon, 08 Sep 2025 | CA$5.2b | CA$1.4b | -CA$110,680,261.00 | 8.8x | -46.6x | 3.7x |
| Wed, 06 Aug 2025 | CA$5.0b | CA$1.5b | -CA$195,958,672.00 | 7.9x | -25.4x | 3.2x |
| Fri, 04 Jul 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.3x | 3.1x |
| Sun, 01 Jun 2025 | CA$4.5b | CA$1.6b | -CA$195,408,672.00 | 7.9x | -22.9x | 2.9x |
| Tue, 29 Apr 2025 | CA$4.5b | CA$1.6b | -CA$160,113,792.00 | 7.7x | -27.9x | 2.9x |
| Thu, 27 Mar 2025 | CA$4.8b | CA$1.6b | -CA$189,655,274.00 | 7.8x | -25.1x | 2.9x |
| Sat, 22 Feb 2025 | CA$4.8b | CA$1.7b | -CA$257,037,479.00 | 11.3x | -18.5x | 2.8x |
| Mon, 20 Jan 2025 | CA$4.4b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.3x | 2.7x |
| Wed, 18 Dec 2024 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.7x | 2.7x |
| Fri, 15 Nov 2024 | CA$5.1b | CA$1.8b | -CA$390,393,474.00 | 10.4x | -13.2x | 2.9x |
| Sun, 13 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.1x | -11.4x | 2.9x |
| Tue, 10 Sep 2024 | CA$5.2b | CA$1.9b | -CA$474,273,724.00 | 8.9x | -10.9x | 2.8x |
| Thu, 08 Aug 2024 | CA$4.7b | CA$1.8b | -CA$339,026,459.00 | 8.6x | -13.9x | 2.6x |
| Sat, 06 Jul 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.8x | -13.2x | 2.5x |
| Mon, 03 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Wed, 01 May 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.5x | 2.5x |
| Fri, 29 Mar 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.3x | 2.5x |
| Sun, 25 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.7x | -16.2x | 2.4x |
| Tue, 23 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.4x | 25.5x | 4.3x |
| Thu, 21 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.7x | 24.9x | 4.2x |
| Sat, 18 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.7x | 24.1x | 4.1x |
| Mon, 16 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.8x | 4.4x |
| Wed, 13 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7x | 37.6x | 4.6x |
| Fri, 11 Aug 2023 | CA$9.6b | CA$2.0b | CA$419.4m | 6.6x | 22.9x | 4.8x |
| Sun, 09 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
Price to Earnings Ratio
18.4x
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 | 0.037% | |
| Real Estate | 0.73% | |
| REITS | -0.30% | |
| Hotel and Resort REITs | 5.95% | |
| Specialized REITs | 1.23% | |
| Residential REITs | 0.10% | |
| Diversified REITs | -0.30% | |
| Retail REITs | -0.31% | |
| Industrial REITs | -0.46% | |
| Office REITs | -0.66% | |
| Healthcare REITs | -0.72% | |
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 9.0% 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 | |
|---|---|---|---|---|---|
| MRT.UN Morguard Real Estate Investment Trust | CA$7.00 | 3.4% +CA$15.4m | 21.3% | PB0.5x |