Canadian (TSX) Residential REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies12
- 7D2.8%
- 3M-5.4%
- 1Y-3.1%
- YTDn/a
In the last week, the Residential REITs industry is up 2.8%, with Canadian Apartment Properties Real Estate Investment Trust up 4.8%. In contrast, the industry has lost 3.1% in the last 12 months. As for the next few years, earnings are expected to grow by 100% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CA$18.8b | CA$3.1b | CA$364.2m | 7.6x | 51.7x | 6x |
| Fri, 05 Apr 2024 | CA$19.0b | CA$3.1b | CA$180.1m | 6.6x | 105.4x | 6.1x |
| Sun, 03 Mar 2024 | CA$20.2b | CA$3.1b | CA$296.7m | 7.1x | 68.1x | 6.5x |
| Tue, 30 Jan 2024 | CA$19.7b | CA$3.1b | -CA$20,719,056.00 | 6.9x | -950.6x | 6.4x |
| Thu, 28 Dec 2023 | CA$19.7b | CA$3.1b | -CA$19,079,797.00 | 7.6x | -1034.5x | 6.5x |
| Sat, 25 Nov 2023 | CA$17.9b | CA$3.1b | -CA$29,534,664.00 | 6.8x | -605.4x | 5.8x |
| Mon, 23 Oct 2023 | CA$17.4b | CA$3.0b | CA$704.5m | 22.2x | 24.6x | 5.8x |
| Wed, 20 Sep 2023 | CA$19.3b | CA$3.0b | CA$707.5m | 24x | 27.3x | 6.4x |
| Fri, 18 Aug 2023 | CA$19.1b | CA$3.0b | CA$704.2m | 11x | 27.1x | 6.4x |
| Sun, 16 Jul 2023 | CA$19.9b | CA$2.9b | CA$1.0b | 4.1x | 19.3x | 6.8x |
| Tue, 13 Jun 2023 | CA$19.0b | CA$2.9b | CA$1.0b | 4.3x | 18.4x | 6.5x |
| Thu, 11 May 2023 | CA$19.4b | CA$2.9b | CA$1.5b | 5x | 12.6x | 6.7x |
| Sat, 08 Apr 2023 | CA$18.7b | CA$2.9b | CA$1.5b | 3.5x | 12.3x | 6.4x |
| Mon, 06 Mar 2023 | CA$20.5b | CA$3.0b | CA$2.0b | 3.3x | 10.1x | 6.9x |
| Wed, 01 Feb 2023 | CA$20.3b | CA$2.9b | CA$3.1b | 2.4x | 6.5x | 7x |
| Fri, 30 Dec 2022 | CA$17.8b | CA$2.9b | CA$3.1b | 2.3x | 5.7x | 6.1x |
| Sun, 27 Nov 2022 | CA$18.4b | CA$2.9b | CA$3.1b | 2.2x | 5.9x | 6.3x |
| Tue, 25 Oct 2022 | CA$16.9b | CA$2.8b | CA$3.7b | 2.3x | 4.6x | 6.1x |
| Thu, 22 Sep 2022 | CA$18.0b | CA$2.8b | CA$3.6b | 2.7x | 4.9x | 6.5x |
| Sat, 20 Aug 2022 | CA$19.6b | CA$2.8b | CA$3.6b | 2.7x | 5.4x | 7.1x |
| Mon, 18 Jul 2022 | CA$17.8b | CA$2.7b | CA$3.6b | 3.9x | 4.9x | 6.7x |
| Wed, 15 Jun 2022 | CA$18.4b | CA$2.7b | CA$3.6b | 4.2x | 5.1x | 6.9x |
| Fri, 13 May 2022 | CA$19.4b | CA$2.6b | CA$3.6b | 5.8x | 5.3x | 7.4x |
| Sun, 10 Apr 2022 | CA$22.1b | CA$2.6b | CA$3.4b | 6.5x | 6.5x | 8.6x |
| Tue, 08 Mar 2022 | CA$22.5b | CA$2.5b | CA$3.2b | 6.8x | 7x | 8.9x |
| Thu, 03 Feb 2022 | CA$22.6b | CA$2.5b | CA$2.6b | 8x | 8.8x | 9.1x |
| Sat, 01 Jan 2022 | CA$23.5b | CA$2.5b | CA$2.6b | 8.5x | 9.1x | 9.5x |
| Mon, 29 Nov 2021 | CA$22.5b | CA$2.5b | CA$2.6b | 8.2x | 8.7x | 9x |
| Wed, 27 Oct 2021 | CA$23.4b | CA$2.4b | CA$2.1b | 9.8x | 11x | 9.6x |
| Fri, 24 Sep 2021 | CA$23.2b | CA$2.5b | CA$2.1b | 9.6x | 10.9x | 9.5x |
| Sun, 22 Aug 2021 | CA$20.4b | CA$2.4b | CA$2.1b | 8.6x | 9.6x | 8.3x |
| Fri, 09 Jul 2021 | CA$19.2b | CA$2.4b | CA$2.1b | 8.2x | 9x | 7.9x |
Price to Earnings Ratio
13.6x
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 51.7x which is higher than its 3-year average PE of -56.4x.
- The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 35% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.9% 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 | 2.53% | |
| Real Estate | 2.04% | |
| 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% | |
| Diversified REITs | 0.42% | |
| 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 | |
|---|---|---|---|---|---|
| CAR.UN Canadian Apartment Properties Real Estate Investment Trust | CA$44.92 | 4.8% +CA$349.6m | -9.1% | PB0.8x | |
| BEI.UN Boardwalk Real Estate Investment Trust | CA$73.10 | 3.1% +CA$110.1m | 23.5% | PB0.8x | |
| MI.UN Minto Apartment Real Estate Investment Trust | CA$15.00 | 3.4% +CA$19.6m | 8.7% | PB0.6x | |
| MRG.UN Morguard North American Residential Real Estate Investment Trust | CA$15.69 | 3.2% +CA$18.5m | -7.2% | PB0.3x | |
| HOM.UN BSR Real Estate Investment Trust | CA$15.12 | 2.3% +CA$11.8m | -11.1% | PB0.5x |