Canadian (TSX) Office REITs Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies6
- 7D-1.9%
- 3M-5.5%
- 1Y-26.7%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 2.4%, driven by pullbacks from every company within the industry. However, the industry is down 28% over the past year. Looking forward, earnings are forecast to grow by 114% annually.
Industry Valuation and Performance
Has the Canadian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$3.0b | CA$1.1b | -CA$795,579,958.00 | 30.8x | -3.7x | 2.7x |
| Sat, 30 Mar 2024 | CA$3.0b | CA$1.1b | -CA$816,996,728.00 | n/a | -3.7x | 2.8x |
| Mon, 26 Feb 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Wed, 24 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.2x | 3.3x |
| Fri, 22 Dec 2023 | CA$3.4b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.7x | 3.2x |
| Sun, 19 Nov 2023 | CA$2.9b | CA$1.1b | -CA$387,943,395.00 | n/a | -7.6x | 2.7x |
| Tue, 17 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.8x | 3x |
| Thu, 14 Sep 2023 | CA$3.7b | CA$1.1b | -CA$232,577,395.00 | n/a | -16x | 3.4x |
| Sat, 12 Aug 2023 | CA$4.0b | CA$1.1b | -CA$232,544,067.00 | n/a | -17x | 3.6x |
| Mon, 10 Jul 2023 | CA$4.0b | CA$1.1b | -CA$1,035,067.00 | 33.3x | -3872.3x | 3.6x |
| Wed, 07 Jun 2023 | CA$4.5b | CA$1.1b | -CA$1,035,067.00 | 49.8x | -4352.3x | 4x |
| Fri, 05 May 2023 | CA$4.2b | CA$1.2b | CA$58.3m | 15.3x | 72.4x | 3.6x |
| Sun, 02 Apr 2023 | CA$4.9b | CA$1.1b | CA$195.6m | 14.9x | 25.1x | 4.4x |
| Tue, 28 Feb 2023 | CA$5.9b | CA$1.2b | CA$371.8m | 7.1x | 16x | 5.1x |
| Thu, 26 Jan 2023 | CA$6.1b | CA$1.3b | CA$793.7m | 4.5x | 7.7x | 4.9x |
| Sat, 24 Dec 2022 | CA$5.1b | CA$1.3b | CA$793.7m | 4.2x | 6.4x | 4.1x |
| Mon, 21 Nov 2022 | CA$5.2b | CA$1.3b | CA$793.7m | 4.4x | 6.6x | 4.2x |
| Wed, 19 Oct 2022 | CA$5.5b | CA$1.2b | CA$935.3m | 5.7x | 5.9x | 4.4x |
| Fri, 16 Sep 2022 | CA$6.0b | CA$1.2b | CA$935.3m | 6x | 6.4x | 4.9x |
| Sun, 14 Aug 2022 | CA$6.7b | CA$1.2b | CA$957.3m | 6.5x | 7x | 5.4x |
| Tue, 12 Jul 2022 | CA$6.5b | CA$1.2b | CA$891.4m | 7x | 7.3x | 5.3x |
| Thu, 09 Jun 2022 | CA$7.3b | CA$1.2b | CA$891.4m | 7.8x | 8.2x | 5.9x |
| Sat, 07 May 2022 | CA$7.7b | CA$1.2b | CA$883.1m | 9x | 8.8x | 6.2x |
| Mon, 04 Apr 2022 | CA$8.9b | CA$1.2b | CA$726.5m | 11.5x | 12.2x | 7.4x |
| Wed, 02 Mar 2022 | CA$8.5b | CA$1.2b | CA$722.2m | 11x | 11.8x | 7.1x |
| Fri, 28 Jan 2022 | CA$8.3b | CA$1.2b | CA$627.7m | 12.3x | 13.2x | 6.9x |
| Sun, 26 Dec 2021 | CA$8.2b | CA$1.2b | CA$627.7m | 12.1x | 13x | 6.8x |
| Tue, 23 Nov 2021 | CA$8.1b | CA$1.2b | CA$627.7m | 12.1x | 12.9x | 6.8x |
| Thu, 21 Oct 2021 | CA$8.1b | CA$1.2b | CA$510.5m | 18.4x | 16x | 6.9x |
| Sat, 18 Sep 2021 | CA$8.0b | CA$1.2b | CA$510.5m | 17.8x | 15.6x | 6.7x |
| Mon, 16 Aug 2021 | CA$8.0b | CA$1.2b | CA$510.5m | 18.2x | 15.7x | 6.8x |
| Mon, 31 May 2021 | CA$8.1b | CA$1.2b | CA$516.4m | 17.5x | 15.6x | 6.9x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are pessimistic on the Canadian Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.4% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -0.54% | |
| Real Estate | -1.58% | |
| REITS | -1.39% | |
| Office REITs | -1.87% | |
| Healthcare REITs | 4.55% | |
| Retail REITs | -0.85% | |
| Industrial REITs | -1.08% | |
| Diversified REITs | -1.39% | |
| Residential REITs | -1.68% | |
| Specialized REITs | -2.09% | |
| Hotel and Resort REITs | -2.10% | |
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 | |
|---|---|---|---|---|---|
| SOT.UN Slate Office REIT | CA$0.69 | 1.5% +CA$800.5k | -65.5% | PB0.1x |