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Canadian (TSX) REITS Industry Analysis

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies5
  • 7D0.7%
  • 3M8.1%
  • 1Y-5.3%
  • YTD7.3%

The REITS industry has stayed flat over the last week. Unfortunately though, the industry is down 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
Thu, 09 Jul 2026CA$4.3bCA$1.3b-CA$715,702,434.0014.9x-6.1x3.3x
Sat, 06 Jun 2026CA$4.1bCA$1.3b-CA$715,702,434.0014.5x-5.7x3.1x
Mon, 04 May 2026CA$4.1bCA$1.3b-CA$725,664,441.0012.4x-5.7x3.1x
Wed, 01 Apr 2026CA$3.9bCA$1.3b-CA$743,365,441.008.8x-5.2x2.9x
Fri, 27 Feb 2026CA$4.1bCA$1.3b-CA$753,336,722.0012x-5.4x3x
Sun, 25 Jan 2026CA$4.2bCA$1.3b-CA$379,898,722.009.2x-11.1x3.1x
Tue, 23 Dec 2025CA$4.1bCA$1.3b-CA$379,898,722.008.6x-10.7x3x
Thu, 20 Nov 2025CA$3.9bCA$1.3b-CA$379,898,722.008.3x-10.1x2.9x
Sat, 18 Oct 2025CA$4.8bCA$1.4b-CA$110,680,261.009x-43.8x3.5x
Mon, 15 Sep 2025CA$5.2bCA$1.4b-CA$110,680,261.008.6x-46.7x3.7x
Wed, 13 Aug 2025CA$5.0bCA$1.6b-CA$224,543,644.008.4x-22.1x3.2x
Fri, 11 Jul 2025CA$5.3bCA$1.6b-CA$195,408,672.007.8x-27x3.4x
Sun, 08 Jun 2025CA$4.7bCA$1.6b-CA$195,408,672.007.7x-24.3x3.1x
Tue, 06 May 2025CA$4.5bCA$1.6b-CA$135,003,792.007.7x-33.4x2.9x
Thu, 03 Apr 2025CA$4.8bCA$1.6b-CA$190,710,792.007.8x-25x2.9x
Sat, 01 Mar 2025CA$4.8bCA$1.7b-CA$239,924,479.007.8x-19.9x2.8x
Mon, 27 Jan 2025CA$4.2bCA$1.7b-CA$391,634,479.0010.9x-10.8x2.5x
Wed, 25 Dec 2024CA$4.5bCA$1.7b-CA$391,634,479.0011.1x-11.4x2.7x
Fri, 22 Nov 2024CA$5.0bCA$1.8b-CA$388,395,613.0011.1x-12.9x2.8x
Sun, 20 Oct 2024CA$5.5bCA$1.9b-CA$474,273,724.009.4x-11.6x2.9x
Tue, 17 Sep 2024CA$5.5bCA$1.9b-CA$474,273,724.009.3x-11.7x2.9x
Thu, 15 Aug 2024CA$4.7bCA$1.7b-CA$248,596,459.008.6x-19x2.7x
Sat, 13 Jul 2024CA$4.6bCA$1.8b-CA$341,683,846.008x-13.4x2.5x
Mon, 10 Jun 2024CA$4.6bCA$1.8b-CA$341,683,846.008x-13.4x2.5x
Wed, 08 May 2024CA$4.5bCA$1.8b-CA$261,426,117.007.9x-17.3x2.5x
Fri, 05 Apr 2024CA$4.5bCA$1.8b-CA$236,724,569.007.6x-19.1x2.5x
Sun, 03 Mar 2024CA$4.4bCA$1.9b-CA$228,340,636.009.5x-19.4x2.4x
Tue, 30 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Thu, 28 Dec 2023CA$9.2bCA$2.2bCA$367.5m6.9x25.2x4.2x
Sat, 25 Nov 2023CA$8.9bCA$2.2bCA$367.5m6.8x24.3x4.1x
Mon, 23 Oct 2023CA$8.9bCA$2.0bCA$250.7m6.3x35.4x4.4x
Wed, 20 Sep 2023CA$9.4bCA$2.0bCA$250.7m7.2x37.6x4.6x
Fri, 18 Aug 2023CA$9.5bCA$2.1bCA$251.7m7.5x37.7x4.5x
Sun, 16 Jul 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.5x4.4x
Price to Earnings Ratio

18.5x


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 -8.7x202420252026
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 Market0.18%
Real Estate1.53%
REITS0.73%
Office REITs3.30%
Industrial REITs2.43%
Healthcare REITs2.00%
Retail REITs1.57%
Residential REITs1.51%
Diversified REITs0.73%
Hotel and Resort REITs-1.09%
Specialized REITs-2.03%
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 19.7%, 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?

CompanyLast Price7D1YValuation
HR.UN H&R Real Estate Investment TrustCA$11.060.7%
+CA$21.2m		-11.4%PB0.7x
MRT.UN Morguard Real Estate Investment TrustCA$7.091.3%
+CA$6.0m		23.3%PB0.5x
BTB.UN BTB Real Estate Investment TrustCA$3.890.5%
+CA$1.8m		6.0%PB0.7x
NET.UN Canadian Net Real Estate Investment TrustCA$6.501.1%
+CA$1.4m		17.0%PB1x

Latest News

HR.UN
CA$11.06
H&R Real Estate Investment Trust
7D
0.7%
1Y
-11.4%
NET.UN
CA$6.50
Canadian Net Real Estate Investment Trust
7D
1.1%
1Y
17.0%
MRT.UN
CA$7.09
Morguard Real Estate Investment Trust
7D
1.3%
1Y
23.3%
BTB.UN
CA$3.89
BTB Real Estate Investment Trust
7D
0.5%
1Y
6.0%
FCD.UN
CA$6.98
Firm Capital Property Trust
7D
-0.1%
1Y
15.9%