Canadian (TSX) REITS Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies10
- 7D0.02%
- 3M-5.3%
- 1Y-9.2%
- YTD-13.7%
The REITS industry has been flat over the last week, but H&R Real Estate Investment Trust has lost 3.3%. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to grow by 74% annually.
Industry Valuation and Performance
Has the Canadian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | CA$8.8b | CA$2.0b | CA$269.3m | 6.3x | 32.7x | 4.3x |
| Thu, 28 Sep 2023 | CA$9.1b | CA$2.0b | CA$250.7m | 6.3x | 36.1x | 4.4x |
| Sat, 26 Aug 2023 | CA$9.5b | CA$2.0b | CA$250.7m | 7.3x | 38x | 4.7x |
| Mon, 24 Jul 2023 | CA$9.6b | CA$2.2b | CA$515.8m | 5.4x | 18.6x | 4.5x |
| Wed, 21 Jun 2023 | CA$9.5b | CA$2.2b | CA$515.8m | 5.4x | 18.5x | 4.4x |
| Fri, 19 May 2023 | CA$9.6b | CA$2.2b | CA$511.1m | 5.4x | 18.8x | 4.4x |
| Sun, 16 Apr 2023 | CA$10.2b | CA$2.2b | CA$1.7b | 3.9x | 6x | 4.7x |
| Tue, 14 Mar 2023 | CA$82.6b | CA$14.2b | CA$6.9b | 6.2x | 11.9x | 5.8x |
| Thu, 09 Feb 2023 | CA$85.6b | CA$14.3b | CA$10.8b | 5.3x | 7.9x | 6x |
| Sat, 07 Jan 2023 | CA$80.7b | CA$14.4b | CA$11.1b | 5.2x | 7.3x | 5.6x |
| Mon, 05 Dec 2022 | CA$80.8b | CA$14.4b | CA$11.1b | 5.3x | 7.3x | 5.6x |
| Wed, 02 Nov 2022 | CA$76.1b | CA$14.3b | CA$13.1b | 4.5x | 5.8x | 5.3x |
| Fri, 30 Sep 2022 | CA$72.1b | CA$14.3b | CA$13.2b | 4.3x | 5.5x | 5x |
| Sun, 28 Aug 2022 | CA$82.4b | CA$14.2b | CA$13.2b | 4.7x | 6.3x | 5.8x |
| Tue, 26 Jul 2022 | CA$83.5b | CA$13.8b | CA$14.5b | 5.2x | 5.7x | 6x |
| Thu, 23 Jun 2022 | CA$80.6b | CA$13.7b | CA$14.6b | 4.8x | 5.5x | 5.9x |
| Sat, 21 May 2022 | CA$88.7b | CA$13.7b | CA$14.6b | 6.4x | 6.1x | 6.5x |
| Mon, 18 Apr 2022 | CA$96.2b | CA$13.5b | CA$11.7b | 8.3x | 8.2x | 7.1x |
| Wed, 16 Mar 2022 | CA$99.0b | CA$14.2b | CA$11.6b | 8.2x | 8.6x | 7x |
| Fri, 11 Feb 2022 | CA$96.3b | CA$13.8b | CA$9.6b | 9.1x | 10x | 7x |
| Sun, 09 Jan 2022 | CA$95.4b | CA$13.5b | CA$9.2b | 9x | 10.3x | 7.1x |
| Tue, 07 Dec 2021 | CA$94.8b | CA$13.6b | CA$9.2b | 8.6x | 10.2x | 7x |
| Thu, 04 Nov 2021 | CA$99.4b | CA$13.8b | CA$8.4b | 10.3x | 11.8x | 7.2x |
| Sat, 02 Oct 2021 | CA$93.9b | CA$13.8b | CA$8.0b | 9.8x | 11.7x | 6.8x |
| Mon, 30 Aug 2021 | CA$86.6b | CA$13.7b | CA$8.0b | 9.5x | 10.8x | 6.3x |
| Tue, 06 Jul 2021 | CA$82.0b | CA$13.7b | CA$8.0b | 9.2x | 10.2x | 6x |
| Fri, 09 Apr 2021 | CA$73.2b | CA$13.5b | CA$4.0b | 10.6x | 18.1x | 5.4x |
| Thu, 31 Dec 2020 | CA$67.3b | CA$13.5b | CA$3.2b | 11.1x | 21x | 5x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are optimistic on the Canadian REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.6x which is higher than its 3-year average PE of 13.5x.
- The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 62% per year over the last three years,
- Revenues have also declined 47% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.76% | |
| Real Estate | -1.11% | |
| REITS | 0.023% | |
| Office REITs | 1.20% | |
| Specialized REITs | 0% | |
| Healthcare REITs | -0.25% | |
| Diversified REITs | -1.02% | |
| Residential REITs | -2.21% | |
| Industrial REITs | -2.50% | |
| Retail REITs | -2.95% | |
| Hotel and Resort REITs | -11.63% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 10.5x.
- Analysts are expecting annual earnings growth of 55.1%, which is higher than its past year's earnings decline of 31.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 105% over the next 5 years.
- In contrast, the Industrial REITs industry is expected to see its earnings grow by 21% per year over the next few years.
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 |