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Canadian (TSX) REITS Industry Analysis
UpdatedApr 11, 2026
DataAggregated Company Financials
Companies5
- 7D3.4%
- 3M-4.1%
- 1Y14.8%
- YTD0.7%
All of the companies in the REITS industry have been up over the last week, with the industry up 3.4%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 116% 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 |
|---|---|---|---|---|---|---|
| Sat, 11 Apr 2026 | CA$4.0b | CA$1.3b | -CA$743,365,441.00 | 9.1x | -5.4x | 3x |
| Mon, 09 Mar 2026 | CA$4.0b | CA$1.3b | -CA$753,336,722.00 | 11.8x | -5.4x | 3x |
| Wed, 04 Feb 2026 | CA$4.2b | CA$1.3b | -CA$379,898,722.00 | 9.3x | -11.1x | 3.1x |
| Fri, 02 Jan 2026 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.6x | -10.5x | 3x |
| Sun, 30 Nov 2025 | CA$4.0b | CA$1.3b | -CA$379,898,722.00 | 8.4x | -10.5x | 2.9x |
| Tue, 28 Oct 2025 | CA$4.9b | CA$1.4b | -CA$110,680,261.00 | 9.2x | -44.7x | 3.6x |
| Thu, 25 Sep 2025 | CA$5.0b | CA$1.4b | -CA$110,680,261.00 | 8.8x | -45.4x | 3.6x |
| Sat, 23 Aug 2025 | CA$5.1b | CA$1.4b | -CA$110,680,261.00 | 8.6x | -46x | 3.7x |
| Mon, 21 Jul 2025 | CA$4.9b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -25.1x | 3.2x |
| Wed, 18 Jun 2025 | CA$4.8b | CA$1.6b | -CA$195,408,672.00 | 7.8x | -24.6x | 3.1x |
| Fri, 16 May 2025 | CA$4.6b | CA$1.5b | -CA$204,377,826.00 | 7.9x | -22.3x | 3x |
| Sun, 13 Apr 2025 | CA$4.3b | CA$1.6b | -CA$190,710,792.00 | 7.2x | -22.7x | 2.6x |
| Tue, 11 Mar 2025 | CA$4.8b | CA$1.7b | -CA$174,109,479.00 | 7.6x | -27.4x | 2.8x |
| Thu, 06 Feb 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.6x | 2.7x |
| Sat, 04 Jan 2025 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.5x | 2.7x |
| Mon, 02 Dec 2024 | CA$5.1b | CA$1.8b | -CA$391,286,479.00 | 12.9x | -12.9x | 2.9x |
| Wed, 30 Oct 2024 | CA$5.4b | CA$1.9b | -CA$474,273,724.00 | 9.6x | -11.4x | 2.9x |
| Fri, 27 Sep 2024 | CA$5.6b | CA$1.9b | -CA$474,273,724.00 | 9.2x | -11.7x | 3x |
| Sun, 25 Aug 2024 | CA$4.7b | CA$1.6b | -CA$476,794,956.00 | 9.1x | -9.8x | 2.9x |
| Tue, 23 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.2x | -13.7x | 2.6x |
| Thu, 20 Jun 2024 | CA$4.4b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13x | 2.5x |
| Sat, 18 May 2024 | CA$4.7b | CA$1.8b | -CA$335,752,067.00 | 6.9x | -14.1x | 2.6x |
| Mon, 15 Apr 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.6x | 2.5x |
| Wed, 13 Mar 2024 | CA$4.4b | CA$1.8b | -CA$241,919,636.00 | 9.7x | -18.4x | 2.5x |
| Fri, 09 Feb 2024 | CA$4.7b | CA$1.9b | -CA$454,597,636.00 | 8.5x | -10.4x | 2.5x |
| Sun, 07 Jan 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.4x | 4.3x |
| Tue, 05 Dec 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.8x | 24.3x | 4.1x |
| Thu, 02 Nov 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.3x | 32.5x | 4.3x |
| Sat, 30 Sep 2023 | CA$9.1b | CA$2.0b | CA$250.7m | 6.2x | 36.2x | 4.4x |
| Mon, 28 Aug 2023 | CA$9.5b | CA$2.0b | CA$250.7m | 7.3x | 38x | 4.7x |
| Wed, 26 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Fri, 23 Jun 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Sun, 21 May 2023 | CA$9.6b | CA$2.2b | CA$512.3m | 5.4x | 18.7x | 4.4x |
| Tue, 18 Apr 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 3.9x | 6x | 4.7x |
Price to Earnings Ratio
6x
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 3.3x is higher than the industry's current PS ratio of 3.0x.
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 | 2.00% | |
| Real Estate | 1.86% | |
| REITS | 3.43% | |
| Healthcare REITs | 4.42% | |
| Industrial REITs | 3.57% | |
| Office REITs | 3.52% | |
| Diversified REITs | 3.43% | |
| Retail REITs | 1.73% | |
| Hotel and Resort REITs | 1.22% | |
| Residential REITs | 0.028% | |
| Specialized REITs | -1.31% | |
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 47.4%, which is higher than its past year's earnings growth of 13.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 137% 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 14% 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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$10.31 | 4.0% +CA$105.8m | 12.9% | PB0.7x | |
| FCD.UN Firm Capital Property Trust | CA$6.32 | 3.6% +CA$8.1m | 11.3% | PB0.7x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.92 | 2.3% +CA$7.9m | 24.1% | PB0.7x | |
| MRT.UN Morguard Real Estate Investment Trust | CA$6.65 | 0.8% +CA$3.3m | 20.9% | PB0.5x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$6.29 | 2.1% +CA$2.7m | 21.7% | PB0.9x |