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Canadian (TSX) Office REITs Industry Analysis

UpdatedMay 24, 2024
DataAggregated Company Financials
Companies6
  • 7D-2.5%
  • 3M-3.8%
  • 1Y-30.6%
  • YTD-16.1%

Over the last 7 days, the Office REITs industry has dropped 2.5%, driven by declines from every company within the industry. However, the industry is down 31% over the past year. Looking forward, earnings are forecast to grow by 99% annually.

Industry Valuation and Performance

Has the Canadian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 May 2024CA$2.9bCA$1.1b-CA$820,649,958.0026.9x-3.6x2.7x
Mon, 22 Apr 2024CA$3.0bCA$1.1b-CA$811,528,728.00n/a-3.7x2.8x
Wed, 20 Mar 2024CA$2.9bCA$1.1b-CA$832,964,728.00n/a-3.5x2.7x
Fri, 16 Feb 2024CA$3.0bCA$1.1b-CA$905,307,728.00n/a-3.3x2.8x
Sun, 14 Jan 2024CA$3.7bCA$1.1b-CA$387,958,728.00n/a-9.4x3.4x
Tue, 12 Dec 2023CA$3.2bCA$1.1b-CA$387,958,728.00n/a-8.2x2.9x
Thu, 09 Nov 2023CA$2.9bCA$1.1b-CA$256,254,395.00n/a-11.5x2.7x
Sat, 07 Oct 2023CA$3.2bCA$1.1b-CA$232,577,395.00n/a-13.6x2.9x
Mon, 04 Sep 2023CA$3.9bCA$1.1b-CA$232,577,395.00n/a-16.7x3.6x
Wed, 02 Aug 2023CA$4.1bCA$1.1b-CA$75,534,067.0031.4x-54.2x3.6x
Fri, 30 Jun 2023CA$4.0bCA$1.1b-CA$1,035,067.0033x-3865.5x3.6x
Sun, 28 May 2023CA$4.4bCA$1.1b-CA$1,019,529.0048.8x-4335x3.9x
Tue, 25 Apr 2023CA$4.7bCA$1.1bCA$195.6m14.3x24x4.1x
Price to Earnings Ratio

25.1x


Total Market Cap: CA$4.9bTotal Earnings: CA$195.6mTotal Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Price to Earnings3Y Average -774.4xJulyOctober2024April
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 3.3x 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.
  • 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-0.50%
Real Estate-2.31%
Office REITs-2.54%
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?

CompanyLast Price7D1YValuation
D.UN Dream Office Real Estate Investment TrustCA$18.030.2%
+CA$489.9k
-37.6%PB0.2x
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