Canadian (TSX) Retail REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies9
- 7D0.8%
- 3M-5.5%
- 1Y-9.9%
- YTD-6.2%
The Retail REITs industry has stayed flat over the last week. As for the longer term, the industry has declined 9.9% in the last year. Looking forward, earnings are forecast to grow by 80% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CA$24.5b | CA$6.2b | CA$1.4b | 15.6x | 17.3x | 4x |
| Fri, 05 Apr 2024 | CA$24.8b | CA$6.1b | CA$1.5b | 21.8x | 17x | 4.1x |
| Sun, 03 Mar 2024 | CA$25.6b | CA$6.1b | CA$1.5b | 22.4x | 17.5x | 4.2x |
| Tue, 30 Jan 2024 | CA$26.3b | CA$6.0b | CA$1.5b | 18.6x | 18.1x | 4.4x |
| Thu, 28 Dec 2023 | CA$26.1b | CA$6.0b | CA$1.4b | 18.4x | 18x | 4.4x |
| Sat, 25 Nov 2023 | CA$24.4b | CA$6.0b | CA$1.5b | 16.4x | 16.8x | 4.1x |
| Mon, 23 Oct 2023 | CA$23.3b | CA$5.7b | CA$2.0b | 12x | 11.6x | 4.1x |
| Wed, 20 Sep 2023 | CA$25.8b | CA$5.7b | CA$2.0b | 14x | 12.9x | 4.5x |
| Fri, 18 Aug 2023 | CA$25.7b | CA$5.7b | CA$2.0b | 13.6x | 12.8x | 4.5x |
| Sun, 16 Jul 2023 | CA$26.2b | CA$5.9b | CA$1.4b | 12.1x | 18.4x | 4.5x |
| Tue, 13 Jun 2023 | CA$31.8b | CA$5.9b | CA$1.4b | 12.1x | 22.3x | 5.4x |
| Thu, 11 May 2023 | CA$32.8b | CA$5.9b | CA$1.7b | 12.4x | 19.5x | 5.6x |
| Sat, 08 Apr 2023 | CA$33.5b | CA$5.8b | CA$1.9b | 8.6x | 17.9x | 5.7x |
Price to Earnings Ratio
17.6x
Current Industry PE
- Investors are relatively neutral on the Canadian Retail REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.9x.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 8.9% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 2.53% | |
| Real Estate | 2.04% | |
| Retail REITs | 0.78% | |
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 | |
|---|---|---|---|---|---|
| CRT.UN CT Real Estate Investment Trust | CA$13.89 | 3.6% +CA$113.1m | -10.1% | PB1.9x | |
| CHP.UN Choice Properties Real Estate Investment Trust | CA$13.13 | 1.8% +CA$75.4m | -7.4% | PB1x | |
| SRU.UN SmartCentres Real Estate Investment Trust | CA$22.78 | 2.3% +CA$73.8m | -11.3% | PB0.6x | |
| REI.UN RioCan Real Estate Investment Trust | CA$17.66 | 1.2% +CA$63.1m | -13.0% | PB0.7x | |
| FCR.UN First Capital Real Estate Investment Trust | CA$15.17 | 1.9% +CA$59.4m | 0.9% | PB0.8x |