U.S. Office REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies25
- 7D0.9%
- 3M0.8%
- 1Y12.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has remained flat, although notably Alexandria Real Estate Equities gained 3.3%. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the U.S. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | US$66.9b | US$18.5b | -US$1,779,837,000.00 | 49.7x | -37.6x | 3.6x |
| Sat, 06 Apr 2024 | US$67.8b | US$18.5b | -US$1,704,925,000.00 | 50.6x | -39.7x | 3.7x |
| Mon, 04 Mar 2024 | US$69.5b | US$18.5b | -US$1,569,529,000.00 | 48.6x | -44.3x | 3.8x |
| Wed, 31 Jan 2024 | US$72.9b | US$18.0b | -US$1,536,758,000.00 | 39.8x | -47.4x | 4.1x |
| Fri, 29 Dec 2023 | US$74.0b | US$17.8b | -US$1,303,625,000.00 | 42.5x | -56.8x | 4.2x |
| Sun, 26 Nov 2023 | US$58.9b | US$17.8b | -US$1,303,625,000.00 | 34x | -45.2x | 3.3x |
| Tue, 24 Oct 2023 | US$54.7b | US$18.0b | US$23.1m | 20x | 2367.6x | 3x |
| Thu, 21 Sep 2023 | US$66.2b | US$18.1b | US$40.9m | 24.9x | 1620.3x | 3.7x |
| Sat, 19 Aug 2023 | US$64.6b | US$18.1b | US$40.9m | 27.4x | 1582x | 3.6x |
| Mon, 17 Jul 2023 | US$65.3b | US$18.0b | US$1.3b | 22x | 49.2x | 3.6x |
| Wed, 14 Jun 2023 | US$62.2b | US$18.0b | US$1.3b | 18.9x | 46.8x | 3.5x |
| Fri, 12 May 2023 | US$58.3b | US$18.0b | US$1.4b | 19.2x | 41.5x | 3.2x |
| Sun, 09 Apr 2023 | US$62.4b | US$18.1b | US$1.7b | 20.5x | 36.2x | 3.5x |
| Tue, 07 Mar 2023 | US$74.6b | US$18.1b | US$1.7b | 22.9x | 43.9x | 4.1x |
| Thu, 02 Feb 2023 | US$84.9b | US$18.0b | US$2.7b | 36x | 31.1x | 4.7x |
| Sat, 31 Dec 2022 | US$75.3b | US$17.8b | US$2.8b | 33.7x | 26.6x | 4.2x |
| Mon, 28 Nov 2022 | US$81.1b | US$17.8b | US$2.8b | 36.8x | 28.7x | 4.5x |
| Wed, 26 Oct 2022 | US$78.5b | US$17.5b | US$2.9b | 28.3x | 26.7x | 4.5x |
| Fri, 23 Sep 2022 | US$80.8b | US$17.5b | US$2.8b | 29.8x | 28.6x | 4.6x |
| Sun, 21 Aug 2022 | US$91.9b | US$17.5b | US$2.8b | 33.7x | 32.5x | 5.3x |
| Tue, 19 Jul 2022 | US$88.7b | US$17.0b | US$2.7b | 32.1x | 32.6x | 5.2x |
| Thu, 16 Jun 2022 | US$89.9b | US$17.0b | US$2.7b | 33x | 33.1x | 5.3x |
| Sat, 14 May 2022 | US$105.0b | US$17.0b | US$2.7b | 37.4x | 38.6x | 6.2x |
| Mon, 11 Apr 2022 | US$120.8b | US$16.6b | US$3.2b | 43.3x | 37.8x | 7.3x |
| Wed, 09 Mar 2022 | US$122.1b | US$16.8b | US$3.3b | 43.1x | 36.6x | 7.3x |
| Fri, 04 Feb 2022 | US$118.0b | US$16.7b | US$2.6b | 40.5x | 45.6x | 7.1x |
| Sun, 02 Jan 2022 | US$124.8b | US$16.5b | US$3.0b | 40.1x | 41.1x | 7.6x |
| Tue, 30 Nov 2021 | US$119.7b | US$16.5b | US$3.0b | 34.3x | 39.6x | 7.2x |
| Thu, 28 Oct 2021 | US$121.3b | US$16.3b | US$2.9b | 36.3x | 42.4x | 7.4x |
| Sat, 25 Sep 2021 | US$118.9b | US$16.4b | US$2.7b | 32.9x | 44.1x | 7.3x |
| Mon, 23 Aug 2021 | US$114.7b | US$16.4b | US$2.7b | 34.7x | 42.6x | 7x |
| Sat, 10 Jul 2021 | US$113.2b | US$16.4b | US$2.7b | 29.7x | 42x | 6.9x |
Price to Earnings Ratio
43.9x
Current Industry PE
- Investors are pessimistic on the American 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 5.1x is higher than the industry's current PS ratio of 3.6x.
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.
- Meanwhile revenues have grown 4.8% 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 U.S. Office REITs compare with similar industries?
| US Market | 3.31% | |
| Real Estate | 3.33% | |
| REITS | 4.18% | |
| Office REITs | 0.94% | |
| Industrial REITs | 5.04% | |
| Diversified REITs | 4.18% | |
| Residential REITs | 3.84% | |
| Retail REITs | 3.05% | |
| Healthcare REITs | 2.81% | |
| Specialized REITs | 2.78% | |
| Hotel and Resort REITs | 0.11% | |
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 | |
|---|---|---|---|---|---|
| ARE Alexandria Real Estate Equities | US$118.10 | 1.1% +US$229.1m | -3.4% | PB1.1x | |
| BXP Boston Properties | US$60.12 | 1.5% +US$136.6m | 18.8% | PB1.6x | |
| CUZ Cousins Properties | US$23.65 | 3.2% +US$111.0m | 14.2% | PB0.8x | |
| DEI Douglas Emmett | US$13.93 | 3.6% +US$82.3m | 21.1% | PB1.1x | |
| SLG SL Green Realty | US$50.93 | 2.5% +US$81.6m | 137.3% | PB0.9x |