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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. Earnings are forecast to grow by 134% 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 |
|---|---|---|---|---|---|---|
| Fri, 10 Jul 2026 | CA$4.3b | CA$1.3b | -CA$715,702,434.00 | 14.9x | -6.1x | 3.3x |
| Sun, 07 Jun 2026 | CA$4.0b | CA$1.3b | -CA$715,702,434.00 | 14.5x | -5.6x | 3.1x |
| Tue, 05 May 2026 | CA$4.1b | CA$1.3b | -CA$725,664,441.00 | 12.2x | -5.7x | 3.1x |
| Thu, 02 Apr 2026 | CA$3.9b | CA$1.3b | -CA$743,365,441.00 | 8.7x | -5.2x | 2.9x |
| Sat, 28 Feb 2026 | CA$4.1b | CA$1.3b | -CA$753,336,722.00 | 12x | -5.5x | 3.1x |
| Mon, 26 Jan 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.2x | -11.1x | 3.1x |
| Wed, 24 Dec 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.6x | 3x |
| Fri, 21 Nov 2025 | CA$3.8b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.1x | 2.9x |
| Sun, 19 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9x | -44.1x | 3.5x |
| Tue, 16 Sep 2025 | CA$5.2b | CA$1.4b | -CA$110,680,261.00 | 8.7x | -46.7x | 3.7x |
| Thu, 14 Aug 2025 | CA$5.0b | CA$1.6b | -CA$224,543,644.00 | 8.4x | -22.3x | 3.2x |
| Sat, 12 Jul 2025 | CA$5.3b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -27x | 3.4x |
| Mon, 09 Jun 2025 | CA$4.7b | CA$1.6b | -CA$195,408,672.00 | 7.7x | -24.3x | 3.1x |
| Wed, 07 May 2025 | CA$4.5b | CA$1.6b | -CA$135,003,792.00 | 7.8x | -33x | 2.9x |
| Fri, 04 Apr 2025 | CA$4.7b | CA$1.6b | -CA$190,710,792.00 | 7.7x | -24.9x | 2.9x |
| Sun, 02 Mar 2025 | CA$4.8b | CA$1.7b | -CA$239,924,479.00 | 7.8x | -19.8x | 2.8x |
| Tue, 28 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.4x | 2.7x |
| Thu, 26 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11.1x | -11.4x | 2.7x |
| Sat, 23 Nov 2024 | CA$5.0b | CA$1.8b | -CA$388,395,613.00 | 11.1x | -13x | 2.8x |
| Mon, 21 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.4x | -11.6x | 2.9x |
| Wed, 18 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.6x | 2.9x |
| Fri, 16 Aug 2024 | CA$4.7b | CA$1.7b | -CA$461,867,459.00 | 8.6x | -10.2x | 2.7x |
| Sun, 14 Jul 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8x | -13.5x | 2.6x |
| Tue, 11 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Thu, 09 May 2024 | CA$4.5b | CA$1.8b | -CA$261,426,117.00 | 7.9x | -17.3x | 2.5x |
| Sat, 06 Apr 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.7x | -19.2x | 2.5x |
| Mon, 04 Mar 2024 | CA$4.4b | CA$1.9b | -CA$228,340,636.00 | 9.5x | -19.4x | 2.4x |
| Wed, 31 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.3x | 25.5x | 4.3x |
| Fri, 29 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.2x | 4.2x |
| Sun, 26 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.8x | 24.3x | 4.1x |
| Tue, 24 Oct 2023 | CA$8.9b | CA$2.0b | CA$250.7m | 6.2x | 35.3x | 4.3x |
| Thu, 21 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7.3x | 37.6x | 4.6x |
| Sat, 19 Aug 2023 | CA$9.5b | CA$2.1b | CA$251.7m | 7.5x | 37.7x | 4.5x |
| Mon, 17 Jul 2023 | CA$9.6b | 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 3.2x.
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 Market | 0.18% | |
| Real Estate | 1.53% | |
| REITS | 0.73% | |
| Office REITs | 3.30% | |
| Industrial REITs | 2.43% | |
| Healthcare REITs | 2.00% | |
| Retail REITs | 1.57% | |
| Residential REITs | 1.51% | |
| Diversified REITs | 0.73% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.73 | 5.7% +CA$7.4m | 21.7% | PB1x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.90 | 1.0% +CA$3.5m | 6.6% | PB0.7x | |
| FCD.UN Firm Capital Property Trust | CA$6.99 | 0.7% +CA$1.8m | 16.5% | PB0.8x |