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Canadian (TSX) Residential REITs Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies13
- 7D-2.1%
- 3M-10.3%
- 1Y-16.4%
- YTD-4.3%
Over the last 7 days, the Residential REITs industry has dropped 1.6%, driven by a pullback from Canadian Apartment Properties Real Estate Investment Trust of 2.8%. In contrast, Dream Residential Real Estate Investment Trust has gained 19%. The industry has fallen 15% in the last year. Looking forward, earnings are forecast to grow by 16% 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, 21 Feb 2025 | CA$17.8b | CA$3.4b | CA$1.4b | 5.9x | 12.4x | 5.3x |
| Sun, 19 Jan 2025 | CA$17.8b | CA$3.4b | CA$1.1b | 7.2x | 16.1x | 5.3x |
| Tue, 17 Dec 2024 | CA$19.4b | CA$3.4b | CA$1.1b | 7.7x | 17.5x | 5.8x |
| Thu, 14 Nov 2024 | CA$19.8b | CA$3.4b | CA$1.2b | 7.8x | 16.6x | 5.9x |
| Sat, 12 Oct 2024 | CA$21.5b | CA$3.3b | CA$905.0m | 5.8x | 23.8x | 6.5x |
| Mon, 09 Sep 2024 | CA$22.5b | CA$3.3b | CA$907.5m | 5.7x | 24.8x | 6.8x |
| Wed, 07 Aug 2024 | CA$20.9b | CA$3.3b | CA$745.8m | 6.5x | 28x | 6.3x |
| Fri, 05 Jul 2024 | CA$19.4b | CA$3.3b | CA$854.0m | 5.7x | 22.7x | 5.9x |
| Sun, 02 Jun 2024 | CA$19.2b | CA$3.3b | CA$853.9m | 5.7x | 22.5x | 5.9x |
| Tue, 30 Apr 2024 | CA$19.1b | CA$3.2b | CA$266.8m | 5.3x | 71.6x | 5.9x |
| Thu, 28 Mar 2024 | CA$20.3b | CA$3.2b | CA$267.9m | 5.7x | 75.9x | 6.3x |
| Sat, 24 Feb 2024 | CA$21.2b | CA$3.2b | CA$259.4m | 4.5x | 81.6x | 6.6x |
| Mon, 22 Jan 2024 | CA$20.0b | CA$3.1b | CA$66.1m | 6.9x | 302.5x | 6.3x |
| Wed, 20 Dec 2023 | CA$19.8b | CA$3.1b | CA$67.0m | 6.3x | 296.2x | 6.3x |
| Fri, 17 Nov 2023 | CA$18.6b | CA$3.2b | CA$181.4m | 6x | 102.3x | 5.9x |
| Sun, 15 Oct 2023 | CA$18.6b | CA$3.1b | CA$776.9m | 10.5x | 23.9x | 6x |
| Tue, 12 Sep 2023 | CA$19.7b | CA$3.1b | CA$775.1m | 8.7x | 25.4x | 6.4x |
| Thu, 10 Aug 2023 | CA$19.6b | CA$3.1b | CA$914.8m | 6.7x | 21.5x | 6.4x |
| Sat, 08 Jul 2023 | CA$19.6b | CA$3.0b | CA$1.1b | 4.4x | 17.7x | 6.5x |
| Mon, 05 Jun 2023 | CA$19.7b | CA$3.0b | CA$1.1b | 4x | 17.8x | 6.6x |
| Wed, 03 May 2023 | CA$19.3b | CA$3.0b | CA$1.5b | 5.8x | 12.9x | 6.5x |
| Fri, 31 Mar 2023 | CA$19.3b | CA$3.0b | CA$1.6b | 3.9x | 12.2x | 6.5x |
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 12.6x which is lower than its 3-year average PE of 60.8x.
- The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 3.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.1% 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 | -0.52% | |
| Real Estate | -0.079% | |
| Residential REITs | -2.10% | |
| Single-Family Residential REITs | 2.93% | |
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 | |
|---|---|---|---|---|---|
| DRR.UN Dream Residential Real Estate Investment Trust | CA$11.19 | 18.7% +CA$28.1m | 22.6% | PB0.5x | |
| MHC.UN Flagship Communities Real Estate Investment Trust | CA$21.10 | 2.9% +CA$11.6m | 1.7% | PB0.5x | |
| NRR.UN Northview Residential REIT | CA$14.40 | 1.3% +CA$679.8k | 2.9% | n/a |