Canadian (TSX) Diversified REITs Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies9
- 7D-1.0%
- 3M-14.0%
- 1Y-23.0%
- YTD-26.3%
Over the last 7 days, the Diversified REITs industry has dropped 2.4%, driven by H&R Real Estate Investment Trust declining 3.3%. Overall the industry is down 25% in 12 months. Earnings are forecast to grow by 74% annually.
Industry Valuation and Performance
Has the Canadian Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | CA$4.3b | CA$1.8b | -CA$552,721,299.00 | 6.9x | -7.9x | 2.4x |
| Thu, 28 Sep 2023 | CA$4.6b | CA$1.8b | -CA$571,335,299.00 | 7.1x | -8.1x | 2.6x |
| Sat, 26 Aug 2023 | CA$5.1b | CA$1.8b | -CA$571,335,299.00 | 7.6x | -8.9x | 2.8x |
| Mon, 24 Jul 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.8x | 2.7x |
| Wed, 21 Jun 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.8x | -16.6x | 2.7x |
| Fri, 19 May 2023 | CA$5.1b | CA$1.9b | -CA$311,002,436.00 | 3.9x | -16.5x | 2.6x |
| Sun, 16 Apr 2023 | CA$5.8b | CA$1.9b | CA$889.9m | 3.8x | 6.5x | 3x |
| Tue, 14 Mar 2023 | CA$6.1b | CA$1.9b | CA$954.0m | 4x | 6.4x | 3.2x |
| Thu, 09 Feb 2023 | CA$6.2b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Sat, 07 Jan 2023 | CA$6.1b | CA$2.0b | CA$1.6b | 5.4x | 3.8x | 3.1x |
| Mon, 05 Dec 2022 | CA$6.1b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Wed, 02 Nov 2022 | CA$5.7b | CA$2.1b | CA$2.0b | 4.3x | 2.9x | 2.7x |
| Fri, 30 Sep 2022 | CA$5.4b | CA$2.1b | CA$2.0b | 4x | 2.7x | 2.6x |
| Sun, 28 Aug 2022 | CA$6.5b | CA$2.1b | CA$2.0b | 4.4x | 3.2x | 3.1x |
| Tue, 26 Jul 2022 | CA$6.7b | CA$2.0b | CA$2.2b | 5x | 3x | 3.4x |
| Thu, 23 Jun 2022 | CA$6.6b | CA$2.0b | CA$2.2b | 5x | 3x | 3.4x |
| Sat, 21 May 2022 | CA$7.1b | CA$2.0b | CA$2.2b | 5.5x | 3.2x | 3.6x |
| Mon, 18 Apr 2022 | CA$8.3b | CA$2.2b | CA$1.3b | 6.5x | 6.6x | 3.8x |
| Wed, 16 Mar 2022 | CA$10.2b | CA$2.8b | CA$1.1b | 8.1x | 9.5x | 3.6x |
| Fri, 11 Feb 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 9x | 12.2x | 3.6x |
| Sun, 09 Jan 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 9x | 12.1x | 3.6x |
| Tue, 07 Dec 2021 | CA$10.9b | CA$2.9b | CA$842.1m | 9.6x | 12.9x | 3.8x |
| Thu, 04 Nov 2021 | CA$11.2b | CA$2.9b | CA$939.7m | 10.6x | 11.9x | 3.9x |
| Sat, 02 Oct 2021 | CA$10.3b | CA$2.9b | CA$844.9m | 10.2x | 12.2x | 3.5x |
| Mon, 30 Aug 2021 | CA$10.3b | CA$2.9b | CA$844.9m | 7.7x | 12.2x | 3.5x |
| Tue, 06 Jul 2021 | CA$9.9b | CA$2.9b | CA$844.9m | 7.5x | 11.7x | 3.4x |
| Fri, 09 Apr 2021 | CA$8.8b | CA$2.9b | CA$150.0m | 8.6x | 58.5x | 3x |
| Thu, 31 Dec 2020 | CA$8.1b | CA$2.9b | -CA$1,216,691,335.00 | 11.8x | -6.7x | 2.8x |
Price to Earnings Ratio
-10.5x
Current Industry PE
- Investors are pessimistic on the Canadian Diversified REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Diversified REITs industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 15% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | -0.76% | |
| Real Estate | -1.11% | |
| REITS | 0.023% | |
| Diversified REITs | -1.02% | |
| Office REITs | 1.20% | |
| Specialized REITs | 0% | |
| Healthcare REITs | -0.25% | |
| Residential REITs | -2.21% | |
| Industrial REITs | -2.50% | |
| Retail REITs | -2.95% | |
| Hotel and Resort REITs | -11.63% | |
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 | |
|---|---|---|---|---|---|
| AX.UN Artis Real Estate Investment Trust | CA$6.15 | 2.2% +CA$14.0m | -35.6% | PB0.4x | |
| PRV.UN Pro Real Estate Investment Trust | CA$4.31 | 0.5% +CA$1.2m | -26.5% | PB0.5x |