Canadian (TSX) Residential REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies13
- 7D2.4%
- 3M9.5%
- 1Y1.8%
- YTD4.0%
The Residential REITs industry is up 2.4% in the last week, with Boardwalk Real Estate Investment Trust up 4.0%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 31% 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, 26 Jul 2024 | CA$21.0b | CA$3.3b | CA$851.2m | 6.2x | 24.7x | 6.4x |
| Sun, 23 Jun 2024 | CA$18.7b | CA$3.3b | CA$852.6m | 5.5x | 21.9x | 5.7x |
| Tue, 21 May 2024 | CA$19.6b | CA$3.3b | CA$854.0m | 5.9x | 23x | 6x |
| Thu, 18 Apr 2024 | CA$18.6b | CA$3.2b | CA$264.3m | 5.2x | 70.3x | 5.8x |
| Sat, 16 Mar 2024 | CA$20.7b | CA$3.2b | CA$267.7m | 5.7x | 77.1x | 6.4x |
| Mon, 12 Feb 2024 | CA$20.7b | CA$3.2b | CA$76.0m | 5.5x | 272.3x | 6.6x |
| Wed, 10 Jan 2024 | CA$19.8b | CA$3.1b | CA$66.3m | 6.7x | 298.7x | 6.3x |
| Fri, 08 Dec 2023 | CA$19.8b | CA$3.2b | CA$63.7m | 6.4x | 310.4x | 6.3x |
| Sun, 05 Nov 2023 | CA$18.9b | CA$3.1b | CA$652.3m | 8.4x | 28.9x | 6.1x |
| Tue, 03 Oct 2023 | CA$18.7b | CA$3.1b | CA$777.2m | 10.4x | 24.1x | 6x |
| Thu, 31 Aug 2023 | CA$19.6b | CA$3.1b | CA$773.6m | 8.6x | 25.3x | 6.3x |
| Sat, 29 Jul 2023 | CA$20.1b | CA$3.0b | CA$1.0b | 4.4x | 19.6x | 6.7x |
| Mon, 26 Jun 2023 | CA$18.7b | CA$3.0b | CA$1.1b | 4.3x | 17x | 6.3x |
| Wed, 24 May 2023 | CA$19.5b | CA$3.0b | CA$1.1b | 4.5x | 17.5x | 6.5x |
| Fri, 21 Apr 2023 | CA$19.5b | CA$2.9b | CA$1.6b | 3.3x | 11.9x | 6.6x |
Price to Earnings Ratio
12.1x
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 24.7x which is lower than its 3-year average PE of 78.0x.
- 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 19% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.1% 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 | -0.31% | |
| Real Estate | 2.93% | |
| Residential REITs | 2.45% | |
| Single-Family Residential REITs | 1.95% | |
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 | |
|---|---|---|---|---|---|
| BEI.UN Boardwalk Real Estate Investment Trust | CA$78.85 | 4.0% +CA$149.2m | 18.6% | PB0.8x | |
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$48.60 | 1.5% +CA$118.7m | -4.9% | PB0.9x | |
| KMP.UN Killam Apartment REIT | CA$18.77 | 3.0% +CA$64.3m | 4.2% | PB0.9x | |
| IIP.UN InterRent Real Estate Investment Trust | CA$12.74 | 2.7% +CA$50.2m | 0.2% | PB0.7x | |
| MRG.UN Morguard North American Residential Real Estate Investment Trust | CA$16.92 | 4.5% +CA$27.3m | 2.9% | PB0.3x |