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Canadian (TSX) Retail REITs Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies9
- 7D-4.2%
- 3M-11.2%
- 1Y0.1%
- YTD-1.7%
Over the last 7 days, the Retail REITs industry has dropped 4.2%, driven by pullbacks from every company within the industry. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Canadian Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$31.9b | CA$6.3b | CA$698.1m | 21.9x | 45.7x | 5.1x |
| Mon, 18 Nov 2024 | CA$27.4b | CA$6.3b | CA$697.2m | 23.7x | 39.2x | 4.4x |
| Wed, 16 Oct 2024 | CA$28.5b | CA$6.2b | CA$1.3b | 21.7x | 21.5x | 4.6x |
| Fri, 13 Sep 2024 | CA$28.6b | CA$6.2b | CA$1.3b | 21.8x | 21.6x | 4.6x |
| Sun, 11 Aug 2024 | CA$25.9b | CA$6.2b | CA$1.3b | 19.1x | 19.6x | 4.1x |
| Tue, 09 Jul 2024 | CA$24.0b | CA$6.2b | CA$1.3b | 15.3x | 18.1x | 3.9x |
| Thu, 06 Jun 2024 | CA$24.2b | CA$6.2b | CA$1.3b | 15.6x | 18.3x | 3.9x |
| Sat, 04 May 2024 | CA$24.6b | CA$6.2b | CA$1.4b | 15.8x | 17.5x | 4x |
| Mon, 01 Apr 2024 | CA$25.7b | CA$6.1b | CA$1.5b | 22.5x | 17.6x | 4.2x |
| Wed, 28 Feb 2024 | CA$25.6b | CA$6.1b | CA$1.5b | 22.5x | 17.5x | 4.2x |
| Fri, 26 Jan 2024 | CA$26.4b | CA$6.0b | CA$1.5b | 18.5x | 18.2x | 4.4x |
| Sun, 24 Dec 2023 | CA$25.9b | CA$6.0b | CA$1.4b | 18.3x | 17.9x | 4.3x |
| Tue, 21 Nov 2023 | CA$24.4b | CA$6.0b | CA$1.5b | 16.3x | 16.8x | 4.1x |
| Thu, 19 Oct 2023 | CA$24.0b | CA$5.7b | CA$2.0b | 12.4x | 12x | 4.2x |
| Sat, 16 Sep 2023 | CA$25.6b | CA$5.7b | CA$2.0b | 14.2x | 12.8x | 4.5x |
| Mon, 14 Aug 2023 | CA$26.2b | CA$5.7b | CA$2.0b | 14.2x | 13.1x | 4.6x |
| Wed, 12 Jul 2023 | CA$25.7b | CA$5.9b | CA$1.4b | 12x | 18x | 4.4x |
| Fri, 09 Jun 2023 | CA$32.2b | CA$5.9b | CA$1.4b | 12.1x | 22.6x | 5.5x |
| Sun, 07 May 2023 | CA$33.3b | CA$5.9b | CA$1.7b | 12.4x | 19.7x | 5.7x |
| Tue, 04 Apr 2023 | CA$33.6b | CA$5.8b | CA$1.9b | 8.8x | 18x | 5.8x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are optimistic on the Canadian Retail REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 45.7x which is higher than its 3-year average PE of 19.2x.
- The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 28% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.5% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -3.68% | |
| Real Estate | -4.47% | |
| Retail REITs | -4.16% | |
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 | |
|---|---|---|---|---|---|
| REI.UN RioCan Real Estate Investment Trust | CA$18.45 | 0.7% +CA$39.1m | 0.4% | PB0.7x |