Have your own idea? Try our Stock Screener
Canadian (TSX) REITS Industry Analysis
UpdatedMay 10, 2025
DataAggregated Company Financials
Companies7
- 7D-0.2%
- 3M1.1%
- 1Y9.3%
- YTD4.1%
Last week, the REITS industry hasn't moved much but Morguard Real Estate Investment Trust is up 3.5% in that time. As for the the longer term, the industry is up 9.3% over the past 12 months. As for the next few years, earnings are expected to grow by 98% 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 |
|---|---|---|---|---|---|---|
| Sun, 11 May 2025 | CA$4.5b | CA$1.5b | -CA$121,473,149.00 | 7.8x | -36.9x | 2.9x |
| Tue, 08 Apr 2025 | CA$4.6b | CA$1.6b | -CA$190,710,792.00 | 7.1x | -23.9x | 2.8x |
| Thu, 06 Mar 2025 | CA$4.7b | CA$1.7b | -CA$239,924,479.00 | 7.7x | -19.7x | 2.8x |
| Sat, 01 Feb 2025 | CA$4.6b | CA$1.7b | -CA$391,634,479.00 | 11x | -11.7x | 2.7x |
| Mon, 30 Dec 2024 | CA$4.5b | CA$1.7b | -CA$391,634,479.00 | 10.9x | -11.5x | 2.7x |
| Wed, 27 Nov 2024 | CA$4.8b | CA$1.8b | -CA$391,286,479.00 | 12.9x | -12.3x | 2.7x |
| Fri, 25 Oct 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.5x | -11.5x | 2.9x |
| Sun, 22 Sep 2024 | CA$5.5b | CA$1.9b | -CA$474,273,724.00 | 9.3x | -11.7x | 2.9x |
| Tue, 20 Aug 2024 | CA$4.7b | CA$1.6b | -CA$461,867,459.00 | 8.8x | -10.3x | 2.9x |
| Thu, 18 Jul 2024 | CA$4.7b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.7x | 2.6x |
| Sat, 15 Jun 2024 | CA$4.5b | CA$1.8b | -CA$341,683,846.00 | 7.9x | -13.3x | 2.5x |
| Mon, 13 May 2024 | CA$4.6b | CA$1.8b | -CA$277,230,117.00 | 8x | -16.4x | 2.5x |
| Wed, 10 Apr 2024 | CA$4.6b | CA$1.8b | -CA$243,799,117.00 | 7.8x | -19x | 2.5x |
| Fri, 08 Mar 2024 | CA$4.5b | CA$1.8b | -CA$241,919,636.00 | 9.6x | -18.4x | 2.5x |
| Sun, 04 Feb 2024 | CA$9.3b | CA$2.2b | CA$367.5m | 7.1x | 25.2x | 4.2x |
| Tue, 02 Jan 2024 | CA$9.2b | CA$2.2b | CA$367.5m | 6.9x | 25.1x | 4.2x |
| Thu, 30 Nov 2023 | CA$8.9b | CA$2.2b | CA$367.5m | 6.7x | 24.3x | 4.1x |
| Sat, 28 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.2x | 32.6x | 4.3x |
| Mon, 25 Sep 2023 | CA$9.3b | CA$2.0b | CA$250.7m | 7.1x | 37.2x | 4.6x |
| Wed, 23 Aug 2023 | CA$9.4b | CA$2.1b | CA$251.7m | 7.3x | 37.4x | 4.4x |
| Fri, 21 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Sun, 18 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Tue, 16 May 2023 | CA$9.7b | CA$2.2b | CA$511.1m | 5.4x | 18.9x | 4.4x |
| Thu, 13 Apr 2023 | CA$10.3b | CA$2.2b | CA$1.7b | 4x | 6x | 4.7x |
| Sat, 11 Mar 2023 | CA$82.7b | CA$14.2b | CA$6.9b | 6.2x | 11.9x | 5.8x |
| Mon, 06 Feb 2023 | CA$87.3b | CA$14.3b | CA$10.8b | 5.4x | 8.1x | 6.1x |
| Wed, 04 Jan 2023 | CA$79.9b | CA$14.4b | CA$11.1b | 5.1x | 7.2x | 5.5x |
| Fri, 02 Dec 2022 | CA$81.6b | CA$14.4b | CA$11.1b | 5.4x | 7.3x | 5.7x |
| Sun, 30 Oct 2022 | CA$76.6b | CA$14.3b | CA$13.1b | 4.6x | 5.9x | 5.4x |
| Tue, 27 Sep 2022 | CA$73.3b | CA$14.3b | CA$13.2b | 4.3x | 5.6x | 5.1x |
| Thu, 25 Aug 2022 | CA$83.0b | CA$14.2b | CA$13.2b | 4.8x | 6.3x | 5.8x |
| Sat, 23 Jul 2022 | CA$82.0b | CA$13.8b | CA$14.6b | 5x | 5.6x | 6x |
| Mon, 20 Jun 2022 | CA$79.2b | CA$13.8b | CA$14.6b | 4.8x | 5.4x | 5.8x |
| Wed, 18 May 2022 | CA$88.8b | CA$13.6b | CA$14.6b | 6.4x | 6.1x | 6.5x |
Price to Earnings Ratio
6.1x
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 4.1x is higher than the industry's current PS ratio of 2.9x.
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 52% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 1.77% | |
| Real Estate | -0.035% | |
| REITS | -0.24% | |
| Hotel and Resort REITs | 1.92% | |
| Retail REITs | 0.96% | |
| Healthcare REITs | 0% | 0 |
| Industrial REITs | -0.083% | |
| Diversified REITs | -0.24% | |
| Specialized REITs | -0.86% | |
| Residential REITs | -1.32% | |
| Office REITs | -3.35% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 46.2%, which is higher than its past year's earnings decline of 33.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 118% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 9.3% 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 | |
|---|---|---|---|---|---|
| MRT.UN Morguard Real Estate Investment Trust | CA$5.67 | 3.5% +CA$13.3m | 6.0% | PB0.4x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.46 | 2.7% +CA$7.9m | 8.1% | PB0.6x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$5.37 | 2.3% +CA$2.5m | 6.3% | PB0.9x | |
| FCD.UN Firm Capital Property Trust | CA$6.03 | 0.2% +CA$369.3k | 18.9% | PB0.7x |