Canadian (TSX) Retail REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies9
- 7D2.3%
- 3M6.5%
- 1Y-2.6%
- YTD-0.09%
The Retail REITs industry has gained 2.3% in the last week and Choice Properties Real Estate Investment Trust up 2.7%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 42% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CA$26.1b | CA$6.2b | CA$1.3b | 16.1x | 20.1x | 4.2x |
| Sun, 23 Jun 2024 | CA$23.4b | CA$6.2b | CA$1.3b | 15x | 17.7x | 3.8x |
| Tue, 21 May 2024 | CA$24.7b | CA$6.2b | CA$1.3b | 15.6x | 18.7x | 4x |
| Thu, 18 Apr 2024 | CA$24.1b | CA$6.1b | CA$1.5b | 21.3x | 16.5x | 3.9x |
| Sat, 16 Mar 2024 | CA$25.0b | CA$6.1b | CA$1.5b | 22.4x | 17.1x | 4.1x |
| Mon, 12 Feb 2024 | CA$26.0b | CA$6.0b | CA$1.6b | 18.1x | 16.4x | 4.3x |
| Wed, 10 Jan 2024 | CA$26.4b | CA$6.0b | CA$1.5b | 18.4x | 18.2x | 4.4x |
| Fri, 08 Dec 2023 | CA$25.2b | CA$6.0b | CA$1.5b | 16.8x | 17.4x | 4.2x |
| Sun, 05 Nov 2023 | CA$25.1b | CA$5.7b | CA$1.8b | 13.2x | 13.9x | 4.4x |
| Tue, 03 Oct 2023 | CA$24.2b | CA$5.7b | CA$2.0b | 12.2x | 12x | 4.2x |
| Thu, 31 Aug 2023 | CA$25.9b | CA$5.7b | CA$2.0b | 14x | 12.9x | 4.5x |
| Sat, 29 Jul 2023 | CA$26.7b | CA$5.7b | CA$2.0b | 12.2x | 13.5x | 4.7x |
| Mon, 26 Jun 2023 | CA$24.9b | CA$5.9b | CA$1.4b | 12x | 17.5x | 4.2x |
| Wed, 24 May 2023 | CA$32.5b | CA$5.9b | CA$1.4b | 12.3x | 22.8x | 5.5x |
| Fri, 21 Apr 2023 | CA$34.2b | CA$5.8b | CA$1.9b | 8.7x | 18.3x | 5.9x |
Price to Earnings Ratio
17.7x
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 20.1x which is higher than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.0% 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% | |
| Retail REITs | 2.27% | |
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 | |
|---|---|---|---|---|---|
| CHP.UN Choice Properties Real Estate Investment Trust | CA$14.17 | 2.7% +CA$121.3m | 2.0% | PB0.9x | |
| REI.UN RioCan Real Estate Investment Trust | CA$17.99 | 1.9% +CA$102.2m | -10.4% | PB0.7x | |
| CRT.UN CT Real Estate Investment Trust | CA$14.55 | 2.9% +CA$96.5m | -5.6% | PB2x | |
| SRU.UN SmartCentres Real Estate Investment Trust | CA$24.27 | 2.6% +CA$88.2m | -2.8% | PB0.7x | |
| CRR.UN Crombie Real Estate Investment Trust | CA$13.81 | 2.7% +CA$65.6m | -1.8% | PB1.4x |