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Canadian (TSX) Residential REITs Industry Analysis
UpdatedApr 18, 2025
DataAggregated Company Financials
Companies13
- 7D3.9%
- 3M1.2%
- 1Y-4.1%
- YTD-3.0%
Last week, the Residential REITs industry hasn't moved much but Canadian Apartment Properties Real Estate Investment Trust is up 4.7% in that time. Unfortunately though, the industry is down 4.6% over the past 12 months. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Canadian Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 18 Apr 2025 | CA$17.5b | CA$3.4b | CA$1.5b | 7.1x | 11.3x | 5.1x |
| Sun, 16 Mar 2025 | CA$18.0b | CA$3.4b | CA$1.6b | 7.2x | 11.6x | 5.3x |
| Tue, 11 Feb 2025 | CA$18.1b | CA$3.4b | CA$1.1b | 7.3x | 16.3x | 5.4x |
| Thu, 09 Jan 2025 | CA$18.7b | CA$3.4b | CA$1.1b | 7.5x | 16.9x | 5.5x |
| Sat, 07 Dec 2024 | CA$19.9b | CA$3.4b | CA$1.1b | 8x | 18x | 5.9x |
| Mon, 04 Nov 2024 | CA$19.8b | CA$3.3b | CA$841.4m | 6.4x | 23.5x | 6x |
| Wed, 02 Oct 2024 | CA$23.1b | CA$3.3b | CA$908.1m | 6.2x | 25.5x | 7x |
| Fri, 30 Aug 2024 | CA$22.2b | CA$3.3b | CA$908.2m | 5.7x | 24.5x | 6.7x |
| Sun, 28 Jul 2024 | CA$21.1b | CA$3.3b | CA$851.2m | 6.3x | 24.8x | 6.4x |
| Tue, 25 Jun 2024 | CA$18.7b | CA$3.3b | CA$853.2m | 5.6x | 21.9x | 5.7x |
| Thu, 23 May 2024 | CA$19.6b | CA$3.3b | CA$853.0m | 5.8x | 23x | 6x |
| Sat, 20 Apr 2024 | CA$18.6b | CA$3.2b | CA$264.9m | 5.2x | 70.3x | 5.8x |
| Mon, 18 Mar 2024 | CA$19.9b | CA$3.2b | CA$267.7m | 5.7x | 74.2x | 6.2x |
| Wed, 14 Feb 2024 | CA$20.3b | CA$3.2b | CA$71.6m | 5.3x | 282.8x | 6.4x |
| Fri, 12 Jan 2024 | CA$19.6b | CA$3.1b | CA$65.8m | 6.7x | 298.2x | 6.2x |
| Sun, 10 Dec 2023 | CA$18.2b | CA$3.2b | CA$64.5m | 6.5x | 282.2x | 5.8x |
| Tue, 07 Nov 2023 | CA$18.9b | CA$3.1b | CA$652.0m | 8.2x | 28.9x | 6.1x |
| Thu, 05 Oct 2023 | CA$18.6b | CA$3.1b | CA$776.5m | 10.1x | 23.9x | 6x |
| Sat, 02 Sep 2023 | CA$19.6b | CA$3.1b | CA$774.7m | 8.7x | 25.3x | 6.3x |
| Mon, 31 Jul 2023 | CA$20.1b | CA$3.0b | CA$1.0b | 4.4x | 19.6x | 6.7x |
| Wed, 28 Jun 2023 | CA$19.0b | CA$3.0b | CA$1.1b | 3.8x | 17.2x | 6.4x |
| Fri, 26 May 2023 | CA$19.4b | CA$3.0b | CA$1.1b | 4.4x | 17.3x | 6.5x |
| Sun, 23 Apr 2023 | CA$19.5b | CA$2.9b | CA$1.6b | 3.3x | 12x | 6.6x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are pessimistic on the Canadian Residential REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.2x which is lower than its 3-year average PE of 57.2x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 5.56% | |
| Real Estate | 4.61% | |
| Residential REITs | 3.86% | |
| Single-Family Residential REITs | -2.20% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$40.74 | 4.7% +CA$294.9m | -3.7% | PB0.7x | |
| IIP.UN InterRent Real Estate Investment Trust | CA$10.63 | 6.9% +CA$99.4m | -10.1% | PB0.6x | |
| KMP.UN Killam Apartment REIT | CA$16.79 | 4.8% +CA$92.4m | -0.4% | PB0.7x | |
| BEI.UN Boardwalk Real Estate Investment Trust | CA$62.37 | 2.8% +CA$83.9m | -11.7% | PB0.6x | |
| MI.UN Minto Apartment Real Estate Investment Trust | CA$12.97 | 6.8% +CA$32.9m | -12.1% | PB0.5x |