Canadian (TSX) Retail REITs Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies9
- 7D-3.0%
- 3M-15.3%
- 1Y-17.6%
- YTD-22.1%
The Retail REITs industry is down 3.0% over the last week with CT Real Estate Investment Trust the worst performer, down 5.0%. The industry has fallen 18% in the last year. Looking forward, earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$22.6b | CA$5.7b | CA$2.0b | 11.7x | 11.2x | 3.9x |
| Wed, 27 Sep 2023 | CA$24.3b | CA$5.7b | CA$2.0b | 12.7x | 12.1x | 4.3x |
| Fri, 25 Aug 2023 | CA$25.5b | CA$5.7b | CA$2.0b | 13.7x | 12.7x | 4.5x |
| Sun, 23 Jul 2023 | CA$26.7b | CA$6.0b | CA$2.0b | 12.3x | 13.5x | 4.5x |
| Tue, 20 Jun 2023 | CA$31.4b | CA$5.9b | CA$1.4b | 12x | 22x | 5.4x |
| Thu, 18 May 2023 | CA$32.9b | CA$5.9b | CA$1.4b | 12.3x | 23x | 5.6x |
| Sat, 15 Apr 2023 | CA$34.2b | CA$5.8b | CA$1.9b | 8.8x | 18.3x | 5.9x |
Price to Earnings Ratio
18x
Current Industry PE
- Investors are pessimistic on the Canadian Retail REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.2x which is lower than its 3-year average PE of 16.6x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have grown 2.5% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -1.70% | |
| Real Estate | -1.97% | |
| Retail REITs | -2.98% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||