Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) REITS Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.5%
  • 3M0.1%
  • 1Y1.5%
  • YTD1.1%

In the last week, REITS has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 134% annually.

Industry Valuation and Performance

Has the Canadian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 May 2026CA$4.1bCA$1.3b-CA$715,702,434.0014.6x-5.7x3.1x
Mon, 27 Apr 2026CA$4.1bCA$1.3b-CA$743,365,441.009.2x-5.6x3.1x
Wed, 25 Mar 2026CA$3.9bCA$1.3b-CA$743,365,441.008.8x-5.2x2.9x
Fri, 20 Feb 2026CA$4.1bCA$1.3b-CA$733,557,722.009.3x-5.6x3x
Sun, 18 Jan 2026CA$4.2bCA$1.3b-CA$379,898,722.009.4x-11.2x3.1x
Tue, 16 Dec 2025CA$3.9bCA$1.3b-CA$379,898,722.008.5x-10.3x2.9x
Thu, 13 Nov 2025CA$4.2bCA$1.2b-CA$56,640,720.008.2x-74x3.6x
Sat, 11 Oct 2025CA$4.8bCA$1.4b-CA$110,680,261.008.9x-43.7x3.5x
Mon, 08 Sep 2025CA$5.2bCA$1.4b-CA$110,680,261.008.8x-46.6x3.7x
Wed, 06 Aug 2025CA$5.0bCA$1.5b-CA$195,958,672.007.9x-25.4x3.2x
Fri, 04 Jul 2025CA$4.8bCA$1.6b-CA$195,408,672.007.8x-24.3x3.1x
Sun, 01 Jun 2025CA$4.5bCA$1.6b-CA$195,408,672.007.9x-22.9x2.9x
Tue, 29 Apr 2025CA$4.5bCA$1.6b-CA$160,113,792.007.7x-27.9x2.9x
Thu, 27 Mar 2025CA$4.8bCA$1.6b-CA$189,655,274.007.8x-25.1x2.9x
Sat, 22 Feb 2025CA$4.8bCA$1.7b-CA$257,037,479.0011.3x-18.5x2.8x
Mon, 20 Jan 2025CA$4.4bCA$1.7b-CA$391,634,479.0011.1x-11.3x2.7x
Wed, 18 Dec 2024CA$4.6bCA$1.7b-CA$391,634,479.0011.3x-11.7x2.7x
Fri, 15 Nov 2024CA$5.1bCA$1.8b-CA$390,393,474.0010.4x-13.2x2.9x
Sun, 13 Oct 2024CA$5.4bCA$1.9b-CA$474,273,724.009.1x-11.4x2.9x
Tue, 10 Sep 2024CA$5.2bCA$1.9b-CA$474,273,724.008.9x-10.9x2.8x
Thu, 08 Aug 2024CA$4.7bCA$1.8b-CA$339,026,459.008.6x-13.9x2.6x
Sat, 06 Jul 2024CA$4.5bCA$1.8b-CA$341,683,846.007.8x-13.2x2.5x
Mon, 03 Jun 2024CA$4.6bCA$1.8b-CA$341,683,846.008.1x-13.4x2.5x
Wed, 01 May 2024CA$4.5bCA$1.8b-CA$243,799,117.007.5x-18.5x2.5x
Fri, 29 Mar 2024CA$4.6bCA$1.8b-CA$236,724,569.007.5x-19.3x2.5x
Sun, 25 Feb 2024CA$4.6bCA$1.9b-CA$282,200,636.009.7x-16.2x2.4x
Tue, 23 Jan 2024CA$9.4bCA$2.2bCA$367.5m7.4x25.5x4.3x
Thu, 21 Dec 2023CA$9.2bCA$2.2bCA$367.5m6.7x24.9x4.2x
Sat, 18 Nov 2023CA$8.9bCA$2.2bCA$370.3m6.7x24.1x4.1x
Mon, 16 Oct 2023CA$9.0bCA$2.0bCA$250.7m6.4x35.8x4.4x
Wed, 13 Sep 2023CA$9.4bCA$2.0bCA$250.7m7x37.6x4.6x
Fri, 11 Aug 2023CA$9.6bCA$2.0bCA$419.4m6.6x22.9x4.8x
Sun, 09 Jul 2023CA$9.5bCA$2.2bCA$515.8m5.4x18.4x4.4x
Tue, 06 Jun 2023CA$9.6bCA$2.2bCA$515.8m5.4x18.7x4.5x
Price to Earnings Ratio

18.7x


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 -7.8x202420252026
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 3.3x.
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 Market0.08%
Real Estate0.87%
REITS-0.49%
Industrial REITs1.89%
Healthcare REITs1.31%
Retail REITs0.84%
Residential REITs0.65%
Specialized REITs-0.49%
Diversified REITs-0.49%
Office REITs-0.62%
Hotel and Resort REITs-0.63%
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 19.8%, 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$10.360.6%
+CA$15.9m		-0.7%PB0.7x
MRT.UN Morguard Real Estate Investment TrustCA$6.632.0%
+CA$8.7m		11.4%PB0.5x
BTB.UN BTB Real Estate Investment TrustCA$3.771.3%
+CA$4.4m		5.0%PB0.7x

Latest News

NET.UN
CA$6.43
Canadian Net Real Estate Investment Trust
7D
-1.1%
1Y
19.3%
MRT.UN
CA$6.63
Morguard Real Estate Investment Trust
7D
2.0%
1Y
11.4%
HR.UN
CA$10.36
H&R Real Estate Investment Trust
7D
0.6%
1Y
-0.7%
BTB.UN
CA$3.77
BTB Real Estate Investment Trust
7D
1.3%
1Y
5.0%