Have your own idea? Try our Stock Screener
Canadian (TSX) REITS Industry Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies5
- 7D0.2%
- 3M-1.4%
- 1Y15.4%
- YTD3.1%
The REITS industry has stayed flat over the last week. The past year has been better, since the industry has gained 15% in that time. Earnings are forecast to grow by 103% 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, 29 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.5x | -11x | 3.1x |
| Sat, 27 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Mon, 24 Nov 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.3x | -10.2x | 2.9x |
| Wed, 22 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9x | -44.5x | 3.6x |
| Fri, 19 Sep 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.1x | 3.7x |
| Sun, 17 Aug 2025 | CA$5.1b | CA$1.4b | -CA$118,247,644.00 | 8.5x | -42.8x | 3.7x |
| Tue, 15 Jul 2025 | CA$5.2b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -26.5x | 3.3x |
| Thu, 12 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.4x | 3.1x |
| Sat, 10 May 2025 | CA$4.5b | CA$1.5b | -CA$121,473,149.00 | 7.8x | -36.9x | 2.9x |
| Mon, 07 Apr 2025 | CA$4.6b | CA$1.6b | -CA$190,710,792.00 | 7.3x | -23.9x | 2.8x |
| Wed, 05 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.7x | -19.8x | 2.8x |
| Fri, 31 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.5x | 2.7x |
| Sun, 29 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -11.5x | 2.7x |
| Tue, 26 Nov 2024 | CA$4.8b | CA$1.8b | -CA$391,286,479.00 | 12.9x | -12.1x | 2.7x |
| Thu, 24 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Sat, 21 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Mon, 19 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.6x | -10.3x | 2.9x |
| Wed, 17 Jul 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.6x | 2.6x |
| Fri, 14 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.2x | 2.5x |
| Sun, 12 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8x | -16.4x | 2.5x |
| Tue, 09 Apr 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.8x | -19.4x | 2.5x |
| Thu, 07 Mar 2024 | CA$4.4b | CA$1.8b | -CA$241,365,636.00 | 9.1x | -18.4x | 2.4x |
| Sat, 03 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.2x | 4.2x |
| Mon, 01 Jan 2024 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.1x | 4.2x |
| Wed, 29 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.8x | 24.3x | 4.1x |
| Fri, 27 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.3x | 32.7x | 4.3x |
| Sun, 24 Sep 2023 | CA$9.3b | CA$2.0b | CA$250.7m | 7.1x | 37.2x | 4.6x |
| Tue, 22 Aug 2023 | CA$9.5b | CA$2.1b | CA$251.7m | 7.3x | 37.8x | 4.5x |
| Thu, 20 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
| Sat, 17 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Mon, 15 May 2023 | CA$9.7b | CA$2.2b | CA$511.1m | 5.4x | 19x | 4.4x |
| Wed, 12 Apr 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 3.9x | 6x | 4.7x |
| Fri, 10 Mar 2023 | CA$84.2b | CA$14.2b | CA$6.9b | 6.3x | 12.2x | 5.9x |
| Sun, 05 Feb 2023 | CA$87.4b | CA$14.3b | CA$10.8b | 5.4x | 8.1x | 6.1x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are pessimistic on the Canadian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 3.1x.
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 55% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 1.18% | |
| Real Estate | -1.79% | |
| REITS | 0.23% | |
| Healthcare REITs | 2.87% | |
| Office REITs | 1.91% | |
| Diversified REITs | 0.23% | |
| Specialized REITs | 0.18% | |
| Hotel and Resort REITs | 0.13% | |
| Residential REITs | -0.84% | |
| Industrial REITs | -1.32% | |
| Retail REITs | -1.61% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 37.7% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 106% over the next 5 years.
- This is better than its past earnings growth rate of 48% 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 | |
|---|---|---|---|---|---|
| BTB.UN BTB Real Estate Investment Trust | CA$4.29 | 1.7% +CA$6.2m | 27.7% | PB0.8x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.24 | 3.1% +CA$3.9m | 20.5% | PB0.9x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$6.57 | 0.3% +CA$1.3m | 18.4% | PB0.5x | |
| FCD.UN Firm Capital Property Trust | CA$6.16 | 0.5% +CA$1.1m | 7.5% | PB0.7x |