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Canadian (TSX) REITS Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies5
- 7D-0.2%
- 3M-0.7%
- 1Y7.3%
- YTD1.5%
The REITS industry has stayed flat over the last week. As for the the longer term, the industry is up 7.3% 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | CA$4.0b | CA$1.3b | -CA$708,003,316.00 | 12x | -5.7x | 3.1x |
| Sun, 19 Apr 2026 | CA$4.1b | CA$1.3b | -CA$743,365,441.00 | 9.3x | -5.5x | 3.1x |
| Tue, 17 Mar 2026 | CA$3.9b | CA$1.3b | -CA$746,559,458.00 | 9.4x | -5.3x | 2.9x |
| Thu, 12 Feb 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.3x | -11.1x | 3.1x |
| Sat, 10 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 8.9x | -11x | 3.1x |
| Mon, 08 Dec 2025 | CA$3.9b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.2x | 2.9x |
| Wed, 05 Nov 2025 | CA$4.8b | CA$1.4b | -CA$117,556,261.00 | 7.9x | -40.6x | 3.5x |
| Fri, 03 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 8.9x | -44x | 3.5x |
| Sun, 31 Aug 2025 | CA$5.2b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46.5x | 3.7x |
| Tue, 29 Jul 2025 | CA$5.1b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -26x | 3.3x |
| Thu, 26 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.6x | 3.1x |
| Sat, 24 May 2025 | CA$4.5b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -22.9x | 2.9x |
| Mon, 21 Apr 2025 | CA$4.6b | CA$1.6b | -CA$190,710,792.00 | 7.6x | -24.2x | 2.8x |
| Wed, 19 Mar 2025 | CA$4.8b | CA$1.6b | -CA$187,099,479.00 | 7.7x | -25.6x | 2.9x |
| Fri, 14 Feb 2025 | CA$4.6b | CA$1.6b | -CA$257,037,479.00 | 11.2x | -17.9x | 2.9x |
| Sun, 12 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -11.4x | 2.7x |
| Tue, 10 Dec 2024 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11.3x | -11.7x | 2.7x |
| Thu, 07 Nov 2024 | CA$5.3b | CA$1.9b | -CA$480,656,724.00 | 12x | -11x | 2.8x |
| Sat, 05 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.1x | -11.5x | 2.9x |
| Mon, 02 Sep 2024 | CA$5.1b | CA$1.9b | -CA$474,273,724.00 | 8.6x | -10.7x | 2.7x |
| Wed, 31 Jul 2024 | CA$4.8b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -14x | 2.6x |
| Fri, 28 Jun 2024 | CA$4.4b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -12.9x | 2.4x |
| Sun, 26 May 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.5x | 2.6x |
| Tue, 23 Apr 2024 | CA$4.6b | CA$1.8b | -CA$243,799,117.00 | 7.6x | -18.7x | 2.5x |
| Thu, 21 Mar 2024 | CA$4.5b | CA$1.8b | -CA$230,119,569.00 | 7.4x | -19.4x | 2.4x |
| Sat, 17 Feb 2024 | CA$4.7b | CA$1.9b | -CA$282,200,636.00 | 10x | -16.7x | 2.5x |
| Mon, 15 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.3x | 25.4x | 4.3x |
| Wed, 13 Dec 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.6x | 24.2x | 4.1x |
| Fri, 10 Nov 2023 | CA$8.9b | CA$2.2b | CA$218.8m | 6.5x | 40.7x | 4.1x |
| Sun, 08 Oct 2023 | CA$8.9b | CA$2.0b | CA$250.7m | 6.3x | 35.6x | 4.4x |
| Tue, 05 Sep 2023 | CA$9.5b | CA$2.0b | CA$250.7m | 7.3x | 38x | 4.7x |
| Thu, 03 Aug 2023 | CA$9.5b | CA$2.2b | CA$475.4m | 5.4x | 20x | 4.4x |
| Sat, 01 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
| Mon, 29 May 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
Price to Earnings Ratio
18.5x
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 Market | -0.067% | |
| Real Estate | 2.02% | |
| REITS | -0.22% | |
| Office REITs | 4.76% | |
| Specialized REITs | 4.60% | |
| Retail REITs | 2.53% | |
| Residential REITs | 1.74% | |
| Industrial REITs | 1.12% | |
| Diversified REITs | -0.22% | |
| Healthcare REITs | -1.11% | |
| Hotel and Resort REITs | -9.04% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 21.0x.
- Analysts are expecting annual earnings growth of 26.1%, 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 158% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| No data available | |||||