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Canadian (TSX) REITS Industry Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies5
- 7D-1.8%
- 3M0.05%
- 1Y-8.8%
- YTD1.1%
Over the last 7 days, the REITS industry has dropped 1.8%, driven by H&R Real Estate Investment Trust declining 1.9%. However, the industry is down 8.8% over the past year. Earnings are forecast to grow by 146% 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 |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | CA$4.1b | CA$1.3b | -CA$497,750,488.00 | 11.8x | -8.2x | 3.1x |
| Tue, 21 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 15.2x | -6x | 3.3x |
| Thu, 18 Jun 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 14.9x | -6x | 3.3x |
| Sat, 16 May 2026 | CA$4.1b | CA$1.3b | -CA$708,756,316.00 | 12.3x | -5.8x | 3.1x |
| Mon, 13 Apr 2026 | CA$4.0b | CA$1.3b | -CA$743,365,441.00 | 9.1x | -5.4x | 3x |
| Wed, 11 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 11.8x | -5.3x | 3x |
| Fri, 06 Feb 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.2x | -11.1x | 3.1x |
| Sun, 04 Jan 2026 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.6x | 3x |
| Tue, 02 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.5x | -10.5x | 2.9x |
| Thu, 30 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.1x | -44.1x | 3.5x |
| Sat, 27 Sep 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -44.3x | 3.6x |
| Mon, 25 Aug 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.5x | 3.7x |
| Wed, 23 Jul 2025 | CA$5.1b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -26.1x | 3.3x |
| Fri, 20 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.6x | 3.1x |
| Sun, 18 May 2025 | CA$4.6b | CA$1.5b | -CA$195,457,672.00 | 7.8x | -23.5x | 3x |
| Tue, 15 Apr 2025 | CA$4.3b | CA$1.6b | -CA$190,710,792.00 | 7.4x | -22.7x | 2.6x |
| Thu, 13 Mar 2025 | CA$4.7b | CA$1.6b | -CA$187,099,479.00 | 7.7x | -25x | 2.9x |
| Sat, 08 Feb 2025 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.8x | 2.8x |
| Mon, 06 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.6x | 2.7x |
| Wed, 04 Dec 2024 | CA$4.7b | CA$1.7b | -CA$391,634,479.00 | 11.5x | -11.9x | 2.8x |
| Fri, 01 Nov 2024 | CA$5.4b | CA$1.9b | -CA$419,037,724.00 | 9.4x | -12.8x | 2.9x |
| Sun, 29 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Tue, 27 Aug 2024 | CA$4.9b | CA$1.6b | -CA$474,273,724.00 | 8.8x | -10.3x | 3x |
| Thu, 25 Jul 2024 | CA$4.8b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.9x | 2.6x |
| Sat, 22 Jun 2024 | CA$4.4b | CA$1.8b | -CA$341,683,846.00 | 7.8x | -12.9x | 2.5x |
| Mon, 20 May 2024 | CA$4.7b | CA$1.8b | -CA$335,752,067.00 | 6.9x | -14x | 2.6x |
| Wed, 17 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.4x | -18.4x | 2.5x |
| Fri, 15 Mar 2024 | CA$4.4b | CA$1.8b | -CA$243,773,556.00 | 9.8x | -18.1x | 2.4x |
| Sun, 11 Feb 2024 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 8.6x | -10.5x | 2.5x |
| Tue, 09 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.4x | 25.4x | 4.3x |
| Thu, 07 Dec 2023 | CA$9.0b | CA$2.2b | CA$367.5m | 6.8x | 24.6x | 4.1x |
| Sat, 04 Nov 2023 | CA$9.1b | CA$2.0b | CA$224.6m | 6.7x | 40.5x | 4.5x |
| Mon, 02 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.2x | 36x | 4.4x |
| Wed, 30 Aug 2023 | CA$9.6b | CA$2.0b | CA$250.7m | 7.5x | 38.3x | 4.7x |
Price to Earnings Ratio
38.3x
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 14% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.29% | |
| Real Estate | -0.97% | |
| REITS | -1.76% | |
| Hotel and Resort REITs | 1.26% | |
| Specialized REITs | 0.74% | |
| Residential REITs | 0.46% | |
| Healthcare REITs | -0.37% | |
| Industrial REITs | -1.67% | |
| Diversified REITs | -1.76% | |
| Office REITs | -1.82% | |
| Retail REITs | -2.09% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 25.7%, which is higher than its past year's earnings growth of 18.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 146% over the next 5 years.
- This is better than its past earnings decline of 33% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.87 | 1.8% +CA$2.5m | 22.5% | PB1x |