Canadian (TSX) Diversified REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies9
- 7D0.4%
- 3M-4.4%
- 1Y-15.3%
- YTDn/a
The Diversified REITs industry has stayed flat over the last week. As for the longer term, the industry has declined 15% in the last year. Looking forward, earnings are forecast to grow by 68% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CA$4.5b | CA$1.8b | -CA$261,426,117.00 | 7.9x | -17.3x | 2.5x |
| Fri, 05 Apr 2024 | CA$4.5b | CA$1.8b | -CA$236,724,569.00 | 7.6x | -19.1x | 2.5x |
| Sun, 03 Mar 2024 | CA$4.4b | CA$1.9b | -CA$228,340,636.00 | 9.5x | -19.4x | 2.4x |
| Tue, 30 Jan 2024 | CA$4.9b | CA$1.9b | -CA$454,597,636.00 | 8.7x | -10.8x | 2.5x |
| Thu, 28 Dec 2023 | CA$4.8b | CA$1.9b | -CA$454,597,636.00 | 7.7x | -10.5x | 2.5x |
| Sat, 25 Nov 2023 | CA$4.5b | CA$1.9b | -CA$454,597,636.00 | 7.7x | -9.8x | 2.3x |
| Mon, 23 Oct 2023 | CA$4.4b | CA$1.8b | -CA$571,335,299.00 | 6.9x | -7.7x | 2.5x |
| Wed, 20 Sep 2023 | CA$5.0b | CA$1.8b | -CA$571,335,299.00 | 7.6x | -8.7x | 2.8x |
| Fri, 18 Aug 2023 | CA$5.0b | CA$1.9b | -CA$570,336,305.00 | 7.7x | -8.8x | 2.7x |
| Sun, 16 Jul 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.7x | 2.7x |
| Tue, 13 Jun 2023 | CA$5.1b | CA$1.9b | -CA$306,275,316.00 | 3.9x | -16.6x | 2.7x |
| Thu, 11 May 2023 | CA$5.4b | CA$1.9b | CA$857.4m | 3.6x | 6.3x | 2.8x |
| Sat, 08 Apr 2023 | CA$5.8b | CA$1.9b | CA$889.9m | 3.9x | 6.5x | 3x |
| Mon, 06 Mar 2023 | CA$6.3b | CA$1.9b | CA$960.4m | 4.1x | 6.6x | 3.3x |
| Wed, 01 Feb 2023 | CA$6.4b | CA$2.0b | CA$1.6b | 5.4x | 4x | 3.2x |
| Fri, 30 Dec 2022 | CA$6.0b | CA$2.0b | CA$1.6b | 5.2x | 3.8x | 3x |
| Sun, 27 Nov 2022 | CA$6.2b | CA$2.0b | CA$1.6b | 5.3x | 3.9x | 3.1x |
| Tue, 25 Oct 2022 | CA$5.6b | CA$2.1b | CA$2.0b | 4.1x | 2.8x | 2.7x |
| Thu, 22 Sep 2022 | CA$6.0b | CA$2.1b | CA$2.0b | 4.2x | 3x | 2.9x |
| Sat, 20 Aug 2022 | CA$6.7b | CA$2.1b | CA$2.0b | 4.4x | 3.3x | 3.2x |
| Mon, 18 Jul 2022 | CA$6.4b | CA$2.0b | CA$2.2b | 4.9x | 2.9x | 3.3x |
| Wed, 15 Jun 2022 | CA$6.7b | CA$2.0b | CA$2.2b | 5.2x | 3x | 3.4x |
| Fri, 13 May 2022 | CA$6.5b | CA$2.1b | CA$1.4b | 6x | 4.7x | 3.2x |
| Sun, 10 Apr 2022 | CA$8.3b | CA$2.2b | CA$1.3b | 7.4x | 6.6x | 3.8x |
| Tue, 08 Mar 2022 | CA$10.3b | CA$2.8b | CA$1.1b | 7.9x | 9.6x | 3.6x |
| Thu, 03 Feb 2022 | CA$10.2b | CA$2.9b | CA$842.1m | 8.9x | 12.1x | 3.6x |
| Sat, 01 Jan 2022 | CA$11.2b | CA$2.9b | CA$842.1m | 9.8x | 13.3x | 3.9x |
| Mon, 29 Nov 2021 | CA$11.1b | CA$2.9b | CA$842.1m | 9.7x | 13.1x | 3.9x |
| Wed, 27 Oct 2021 | CA$11.0b | CA$2.9b | CA$844.9m | 10.5x | 13.1x | 3.8x |
| Fri, 24 Sep 2021 | CA$10.7b | CA$2.9b | CA$844.9m | 10.7x | 12.7x | 3.7x |
| Sun, 22 Aug 2021 | CA$10.0b | CA$2.9b | CA$844.9m | 7.6x | 11.9x | 3.4x |
| Fri, 09 Jul 2021 | CA$9.9b | CA$2.9b | CA$844.9m | 7.5x | 11.7x | 3.4x |
Price to Earnings Ratio
64.5x
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 3.1x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- Total earnings for the Diversified REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 15% per year, which is driving profits down.
Industry Comparison
How does Canadian Diversified REITs compare with similar industries?
| CA Market | 2.53% | |
| Real Estate | 2.04% | |
| REITS | 0.42% | |
| Diversified REITs | 0.42% | |
| Residential REITs | 2.82% | |
| Industrial REITs | 2.59% | |
| Hotel and Resort REITs | 1.04% | |
| Retail REITs | 0.78% | |
| Specialized REITs | 0.71% | |
| Office REITs | 0.41% | |
| Healthcare REITs | 0% | |
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 | |
|---|---|---|---|---|---|
| HR.UN H&R Real Estate Investment Trust | CA$9.11 | 1.2% +CA$28.8m | -20.4% | PB0.5x | |
| BTB.UN BTB Real Estate Investment Trust | CA$3.18 | 1.6% +CA$4.4m | -3.6% | PB0.6x | |
| NNL.U Nova Net Lease REIT | US$0.12 | 9.1% +US$73.4k | 50.0% | PB0.07x |