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Canadian (TSX) Residential REITs Industry Analysis

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies13
  • 7D-3.9%
  • 3M-7.1%
  • 1Y-5.2%
  • YTD-7.0%

Over the last 7 days, the Residential REITs industry has dropped 3.9%, driven by Canadian Apartment Properties Real Estate Investment Trust declining 4.4%. However, the industry is down 5.2% over the past year. Earnings are forecast to grow by 79% annually.

Industry Valuation and Performance

Has the Canadian Residential REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Apr 2024CA$18.6bCA$3.2bCA$264.9m5.2x70.3x5.8x
Sun, 17 Mar 2024CA$20.7bCA$3.2bCA$267.7m5.7x77.3x6.4x
Tue, 13 Feb 2024CA$20.8bCA$3.2bCA$76.4m5.4x272.2x6.6x
Thu, 11 Jan 2024CA$19.9bCA$3.1bCA$66.1m6.7x300.8x6.3x
Sat, 09 Dec 2023CA$19.8bCA$3.2bCA$64.5m6.5x307.5x6.3x
Mon, 06 Nov 2023CA$18.9bCA$3.1bCA$652.3m8.4x28.9x6.1x
Wed, 04 Oct 2023CA$18.6bCA$3.1bCA$777.1m10.1x23.9x6x
Fri, 01 Sep 2023CA$19.4bCA$3.1bCA$774.6m8.6x25.1x6.3x
Sun, 30 Jul 2023CA$20.1bCA$3.0bCA$1.0b4.4x19.6x6.7x
Tue, 27 Jun 2023CA$18.8bCA$3.0bCA$1.1b3.9x17x6.3x
Thu, 25 May 2023CA$19.4bCA$3.0bCA$1.1b4.4x17.3x6.5x
Sat, 22 Apr 2023CA$19.5bCA$2.9bCA$1.6b3.3x12x6.6x
Price to Earnings Ratio

12.2x


Total Market Cap: CA$19.3bTotal Earnings: CA$1.6bTotal Revenue: CA$3.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Residential REITs Industry Price to Earnings3Y Average 89.8xAprilJulyOctober2024April
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 70.3x which is lower than its 3-year average PE of 89.8x.
  • The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 45% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market-1.94%
Real Estate-3.21%
Residential REITs-3.92%
Single-Family Residential REITs-6.65%
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?

CompanyLast Price7D1YValuation
FCA.UN Firm Capital Apartment Real Estate Investment TrustCA$5.252.9%
+CA$1.2m
11.7%PB0.5x
NRR.UN Northview Residential REITCA$14.061.1%
+CA$536.7k
-24.2%n/a
DRR.UN Dream Residential Real Estate Investment TrustCA$9.150.3%
+CA$477.9k
n/aPB0.5x
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Latest News

KMP.UN

CA$16.85

Killam Apartment REIT

7D

-3.5%

1Y

-0.5%

IIP.UN

CA$11.83

InterRent Real Estate Investment Trust

7D

-4.3%

1Y

-8.1%

NRR.UN

CA$14.06

Northview Residential REIT

7D

1.1%

1Y

-24.2%

BEI.UN

CA$70.61

Boardwalk Real Estate Investment Trust

7D

-3.4%

1Y

18.7%

DRR.UN

CA$9.15

Dream Residential Real Estate Investment Trust

7D

0.3%

1Y

n/a