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Canadian (TSX) Real Estate Operating Companies Industry Analysis

UpdatedMay 09, 2024
DataAggregated Company Financials
Companies18
  • 7D0.1%
  • 3M-1.3%
  • 1Y-2.4%
  • YTDn/a

Over the last 7 days, the Real Estate Operating Companies industry has risen 1.4%, driven by gains from Tricon Residential of 2.5%. During this same period, the Kadestone Capital underperformed, falling 15%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are forecast to decline by 56% per annum.

Industry Valuation and Performance

Has the Canadian Real Estate Operating Companies Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$5.4bCA$2.2bCA$254.0m7.5x21.2x2.5x
Sat, 06 Apr 2024CA$10.0bCA$3.4bCA$247.1m9.9x40.6x3x
Mon, 04 Mar 2024CA$10.1bCA$3.4bCA$259.0m10.3x38.9x3x
Wed, 31 Jan 2024CA$9.5bCA$3.3b-CA$55,757,375.009.1x-171.3x2.9x
Fri, 29 Dec 2023CA$8.7bCA$3.3bCA$6.0m9x1441.1x2.7x
Sun, 26 Nov 2023CA$8.0bCA$3.3bCA$23.2m6.3x345.7x2.4x
Tue, 24 Oct 2023CA$7.3bCA$3.4bCA$195.6m6.5x37.2x2.1x
Thu, 21 Sep 2023CA$8.2bCA$3.4bCA$191.4m6.6x42.7x2.4x
Sat, 19 Aug 2023CA$8.1bCA$3.4bCA$198.3m7x40.8x2.4x
Mon, 17 Jul 2023CA$8.7bCA$3.2bCA$833.7m7.1x10.5x2.7x
Wed, 14 Jun 2023CA$8.6bCA$3.3bCA$852.3m6.5x10x2.6x
Fri, 12 May 2023CA$8.5bCA$3.3bCA$869.9m6x9.8x2.6x
Sun, 09 Apr 2023CA$8.5bCA$3.1bCA$1.3b6.7x6.5x2.7x
Tue, 07 Mar 2023CA$8.9bCA$3.2bCA$1.3b7.1x6.6x2.8x
Thu, 02 Feb 2023CA$9.0bCA$3.1bCA$2.0b6.3x4.6x2.9x
Sat, 31 Dec 2022CA$8.4bCA$3.1bCA$2.0b6.1x4.2x2.7x
Mon, 28 Nov 2022CA$9.0bCA$3.1bCA$2.0b6x4.6x2.9x
Wed, 26 Oct 2022CA$8.9bCA$2.9bCA$2.0b5.9x4.3x3.1x
Fri, 23 Sep 2022CA$8.8bCA$2.8bCA$2.0b5.9x4.3x3.1x
Sun, 21 Aug 2022CA$9.9bCA$2.8bCA$2.0b5.8x5x3.5x
Tue, 19 Jul 2022CA$9.1bCA$2.7bCA$1.6b5.1x5.8x3.4x
Thu, 16 Jun 2022CA$9.0bCA$2.7bCA$1.6b5.1x5.7x3.4x
Sat, 14 May 2022CA$10.0bCA$2.7bCA$1.6b5.5x6.3x3.7x
Mon, 11 Apr 2022CA$11.6bCA$2.5bCA$1.2b7.4x9.8x4.6x
Wed, 09 Mar 2022CA$11.0bCA$2.5bCA$1.2b7.5x9.6x4.3x
Fri, 04 Feb 2022CA$11.4bCA$2.6bCA$890.7m8x12.8x4.4x
Sun, 02 Jan 2022CA$11.6bCA$2.6bCA$864.4m8.1x13.4x4.5x
Tue, 30 Nov 2021CA$9.2bCA$1.6bCA$818.1m8.1x11.2x5.9x
Thu, 28 Oct 2021CA$9.0bCA$1.4bCA$530.4m10x16.9x6.3x
Sat, 25 Sep 2021CA$7.9bCA$1.5bCA$538.1m9.1x14.7x5.4x
Mon, 23 Aug 2021CA$7.3bCA$1.4bCA$531.5m8.4x13.7x5.1x
Sat, 10 Jul 2021CA$6.7bCA$1.4bCA$531.5m7.6x12.5x4.7x
Price to Earnings Ratio

33.8x


Total Market Cap: CA$5.9bTotal Earnings: CA$175.8mTotal Revenue: CA$1.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Operating Companies Industry Price to Earnings3Y Average -504.9x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Real Estate Operating Companies industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 61.4x which is higher than its 3-year average PE of -505x.
  • The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Operating Companies industry have declined 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 16% 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 Real Estate Operating Companies compare with similar industries?

CA Market3.09%
Real Estate2.50%
Real Estate2.57%
Real Estate Operating Companies0.13%
Real Estate Development5.18%
Real Estate Services3.32%
Diversified Real Estate-3.71%
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?

CompanyLast Price7D1YValuation
TCN Tricon ResidentialCA$15.462.5%
+CA$109.6m		44.4%PE29.1x
MEQ Mainstreet EquityCA$175.572.1%
+CA$33.7m		32.0%PE9.3x
YAK Mongolia Growth GroupCA$1.421.4%
+CA$521.9k		32.7%PE7.7x
GUF Gulf & Pacific EquitiesCA$0.443.5%
+CA$319.4k		n/aPE8.1x
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PKT

CA$0.60

Parkit Enterprise

7D

-3.2%

1Y

-34.4%

MRC

CA$110.00

Morguard

7D

-0.9%

1Y

7.9%

MEQ

CA$175.57

Mainstreet Equity

7D

2.1%

1Y

32.0%

CMU

CA$4.00

Comet Industries

7D

-11.1%

1Y

n/a

KDSX

CA$0.85

Kadestone Capital

7D

-15.0%

1Y

-19.0%

YAK

CA$1.42

Mongolia Growth Group

7D

1.4%

1Y

32.7%

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IVQ

CA$0.26

Invesque

7D

-8.8%

1Y

-77.2%

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TCN

CA$15.46

Tricon Residential

7D

2.5%

1Y

44.4%

NXLV

CA$1.70

NexLiving Communities

7D

-5.0%

1Y

-37.0%

UFC

CA$0.88

Urbanfund

7D

-1.1%

1Y

3.5%

GUF

CA$0.44

Gulf & Pacific Equities

7D

3.5%

1Y

n/a

COHO

CA$0.14

Coho Collective Kitchens

7D

-3.6%

1Y

12.5%