Canadian (TSX) Residential REITs Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies11
- 7D-3.2%
- 3M-14.9%
- 1Y-0.8%
- YTD-2.9%
Over the last 7 days, the Residential REITs industry has dropped 3.2%, driven by a pullback from Canadian Apartment Properties Real Estate Investment Trust of 1.7%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 55% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$16.8b | CA$3.0b | CA$672.8m | 9.6x | 25x | 5.6x |
| Wed, 27 Sep 2023 | CA$18.3b | CA$3.0b | CA$707.6m | 22.7x | 25.8x | 6.1x |
| Fri, 25 Aug 2023 | CA$18.8b | CA$3.0b | CA$704.0m | 10.9x | 26.8x | 6.3x |
| Sun, 23 Jul 2023 | CA$19.9b | CA$2.9b | CA$1.0b | 4.2x | 19.3x | 6.9x |
| Tue, 20 Jun 2023 | CA$18.8b | CA$2.9b | CA$1.0b | 4.4x | 18.2x | 6.5x |
| Thu, 18 May 2023 | CA$19.3b | CA$2.9b | CA$1.0b | 4.5x | 18.5x | 6.6x |
| Sat, 15 Apr 2023 | CA$19.0b | CA$2.9b | CA$1.5b | 3.4x | 12.5x | 6.5x |
| Mon, 13 Mar 2023 | CA$19.5b | CA$3.0b | CA$1.7b | 3.2x | 11.8x | 6.5x |
| Wed, 08 Feb 2023 | CA$20.3b | CA$2.9b | CA$3.1b | 2.5x | 6.5x | 7x |
| Fri, 06 Jan 2023 | CA$18.1b | CA$2.9b | CA$3.1b | 2.3x | 5.8x | 6.2x |
| Sun, 04 Dec 2022 | CA$18.1b | CA$2.9b | CA$3.1b | 2.4x | 5.8x | 6.2x |
| Tue, 01 Nov 2022 | CA$17.4b | CA$2.8b | CA$3.6b | 2.4x | 4.8x | 6.2x |
| Thu, 29 Sep 2022 | CA$17.0b | CA$2.8b | CA$3.6b | 2.5x | 4.7x | 6.1x |
| Sat, 27 Aug 2022 | CA$19.0b | CA$2.8b | CA$3.6b | 2.7x | 5.3x | 6.9x |
| Mon, 25 Jul 2022 | CA$19.2b | CA$2.7b | CA$3.6b | 4.1x | 5.3x | 7.2x |
| Wed, 22 Jun 2022 | CA$18.2b | CA$2.7b | CA$3.6b | 4x | 5x | 6.8x |
| Fri, 20 May 2022 | CA$20.3b | CA$2.7b | CA$3.6b | 6.3x | 5.6x | 7.6x |
| Sun, 17 Apr 2022 | CA$21.9b | CA$2.6b | CA$3.4b | 6.5x | 6.5x | 8.5x |
| Tue, 15 Mar 2022 | CA$22.6b | CA$2.6b | CA$3.4b | 6.6x | 6.6x | 8.9x |
| Thu, 10 Feb 2022 | CA$22.8b | CA$2.5b | CA$2.6b | 8x | 8.8x | 9.2x |
| Sat, 08 Jan 2022 | CA$22.7b | CA$2.5b | CA$2.6b | 8.1x | 8.8x | 9.1x |
| Mon, 06 Dec 2021 | CA$22.1b | CA$2.5b | CA$2.6b | 8x | 8.6x | 8.9x |
| Wed, 03 Nov 2021 | CA$23.3b | CA$2.4b | CA$2.2b | 9.3x | 10.8x | 9.5x |
| Fri, 01 Oct 2021 | CA$22.3b | CA$2.4b | CA$2.1b | 9.3x | 10.4x | 9.1x |
| Sun, 29 Aug 2021 | CA$20.5b | CA$2.4b | CA$2.1b | 8.7x | 9.6x | 8.4x |
| Mon, 05 Jul 2021 | CA$19.2b | CA$2.4b | CA$2.1b | 8.2x | 9x | 7.9x |
| Thu, 08 Apr 2021 | CA$17.3b | CA$2.4b | CA$1.3b | 10.6x | 13x | 7.1x |
| Sun, 10 Jan 2021 | CA$16.1b | CA$2.4b | CA$1.7b | 6.7x | 9.3x | 6.6x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are optimistic on the Canadian Residential REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.0x which is higher than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 32% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 Comparison
How does Canadian Residential REITs compare with similar industries?
| CA Market | -1.70% | |
| Real Estate | -1.97% | |
| REITS | -0.65% | |
| Residential REITs | -3.16% | |
| Specialized REITs | -0.20% | |
| Industrial REITs | -1.56% | |
| Diversified REITs | -2.38% | |
| Retail REITs | -2.98% | |
| Office REITs | -4.86% | |
| Healthcare REITs | -5.42% | |
| Hotel and Resort REITs | -11.31% | |
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 | |
|---|---|---|---|---|---|
| MI.UN Minto Apartment Real Estate Investment Trust | CA$13.03 | 0.6% +CA$3.2m | -2.3% | PB0.5x |