Canadian (TSX) REITS Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies9
- 7D-1.0%
- 3M3.3%
- 1Y-9.8%
- YTD-4.7%
Over the last 7 days, the REITS industry has remained flat. Unfortunately though, the industry is down 9.8% over the past 12 months. Looking forward, earnings are forecast to grow by 95% 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 |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | CA$4.6b | CA$1.8b | -CA$341,683,846.00 | 8.1x | -13.4x | 2.5x |
| Wed, 01 May 2024 | CA$4.5b | CA$1.8b | -CA$243,799,117.00 | 7.5x | -18.5x | 2.5x |
| Fri, 29 Mar 2024 | CA$4.6b | CA$1.8b | -CA$236,724,569.00 | 7.5x | -19.3x | 2.5x |
| Sun, 25 Feb 2024 | CA$4.6b | CA$1.9b | -CA$282,200,636.00 | 9.7x | -16.2x | 2.4x |
| Tue, 23 Jan 2024 | CA$9.4b | CA$2.2b | CA$367.5m | 7.4x | 25.5x | 4.3x |
| Thu, 21 Dec 2023 | CA$9.2b | CA$2.2b | CA$367.5m | 6.7x | 24.9x | 4.2x |
| Sat, 18 Nov 2023 | CA$8.9b | CA$2.2b | CA$370.3m | 6.7x | 24.1x | 4.1x |
| Mon, 16 Oct 2023 | CA$9.0b | CA$2.0b | CA$250.7m | 6.4x | 35.8x | 4.4x |
| Wed, 13 Sep 2023 | CA$9.4b | CA$2.0b | CA$250.7m | 7x | 37.6x | 4.6x |
| Fri, 11 Aug 2023 | CA$9.6b | CA$2.0b | CA$419.4m | 6.6x | 22.9x | 4.8x |
| Sun, 09 Jul 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.4x | 4.4x |
| Tue, 06 Jun 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.7x | 4.5x |
| Thu, 04 May 2023 | CA$9.8b | CA$2.2b | CA$1.7b | 3.7x | 5.9x | 4.5x |
| Sat, 01 Apr 2023 | CA$10.4b | CA$2.2b | CA$1.7b | 4.2x | 6.1x | 4.8x |
| Mon, 27 Feb 2023 | CA$86.2b | CA$14.1b | CA$8.1b | 5.8x | 10.6x | 6.1x |
| Wed, 25 Jan 2023 | CA$86.6b | CA$14.4b | CA$11.1b | 5.4x | 7.8x | 6x |
| Fri, 23 Dec 2022 | CA$79.1b | CA$14.4b | CA$11.1b | 5x | 7.1x | 5.5x |
| Sun, 20 Nov 2022 | CA$80.1b | CA$14.3b | CA$11.1b | 5.2x | 7.2x | 5.6x |
| Tue, 18 Oct 2022 | CA$72.5b | CA$14.3b | CA$13.2b | 4.4x | 5.5x | 5.1x |
| Thu, 15 Sep 2022 | CA$80.5b | CA$14.3b | CA$13.2b | 4.5x | 6.1x | 5.6x |
| Sat, 13 Aug 2022 | CA$86.5b | CA$14.3b | CA$13.2b | 4.9x | 6.6x | 6x |
| Mon, 11 Jul 2022 | CA$81.1b | CA$13.8b | CA$14.6b | 4.8x | 5.5x | 5.9x |
| Wed, 08 Jun 2022 | CA$88.9b | CA$13.7b | CA$14.6b | 5.4x | 6.1x | 6.5x |
| Fri, 06 May 2022 | CA$90.0b | CA$13.6b | CA$12.9b | 6.7x | 7x | 6.6x |
| Sun, 03 Apr 2022 | CA$100.3b | CA$14.2b | CA$11.6b | 8.5x | 8.7x | 7.1x |
| Tue, 01 Mar 2022 | CA$96.7b | CA$14.0b | CA$11.0b | 8.5x | 8.8x | 6.9x |
| Thu, 27 Jan 2022 | CA$93.4b | CA$13.8b | CA$9.4b | 8.9x | 9.9x | 6.8x |
| Sat, 25 Dec 2021 | CA$97.2b | CA$13.6b | CA$9.3b | 8.9x | 10.5x | 7.1x |
| Mon, 22 Nov 2021 | CA$99.1b | CA$13.9b | CA$9.7b | 9x | 10.2x | 7.2x |
| Wed, 20 Oct 2021 | CA$98.2b | CA$13.7b | CA$8.0b | 10.3x | 12.2x | 7.2x |
| Fri, 17 Sep 2021 | CA$97.1b | CA$13.8b | CA$8.0b | 10.1x | 12.1x | 7.1x |
| Sun, 15 Aug 2021 | CA$86.1b | CA$13.7b | CA$8.0b | 9.4x | 10.7x | 6.3x |
| Thu, 10 Jun 2021 | CA$78.6b | CA$13.5b | CA$4.0b | 11x | 19.5x | 5.8x |
Price to Earnings Ratio
19.5x
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 5.3x is higher than the industry's current PS ratio of 2.5x.
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 49% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.46% | |
| Real Estate | -0.96% | |
| REITS | -0.96% | |
| Hotel and Resort REITs | 6.39% | |
| Specialized REITs | -0.39% | |
| Residential REITs | -0.40% | |
| Office REITs | -0.91% | |
| Diversified REITs | -0.96% | |
| Healthcare REITs | -1.36% | |
| Retail REITs | -1.82% | |
| Industrial REITs | -2.00% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (72.2%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 160% 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$5.44 | 1.7% +CA$5.8m | 0.6% | PB0.4x | |
| NET.UN Canadian Net Real Estate Investment Trust | CA$4.94 | 0.4% +CA$411.2k | -3.1% | PB0.8x |