Canadian (TSX) Office REITs Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies6
- 7D-10.4%
- 3M-17.8%
- 1Y-35.5%
- YTD-17.8%
Over the last 7 days, the Office REITs industry has dropped 10%, driven by pullbacks from every company within the industry. The industry has fallen 36% in the last 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.5x | 2.7x |
| Sun, 17 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Tue, 13 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.5x | 2.9x |
| Thu, 11 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.3x | 3.4x |
| Sat, 09 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Mon, 06 Nov 2023 | CA$3.2b | CA$1.1b | -CA$256,254,395.00 | n/a | -12.4x | 2.9x |
| Wed, 04 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.9x | 3x |
| Fri, 01 Sep 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Sun, 30 Jul 2023 | CA$4.1b | CA$1.1b | -CA$90,056,067.00 | 31.9x | -45.4x | 3.7x |
| Tue, 27 Jun 2023 | CA$3.9b | CA$1.1b | -CA$1,035,067.00 | 32.1x | -3771.1x | 3.5x |
| Thu, 25 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 49.1x | -4348.3x | 3.9x |
| Sat, 22 Apr 2023 | CA$4.7b | CA$1.1b | CA$195.6m | 14.2x | 24x | 4.1x |
Price to Earnings Ratio
21.9x
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.
- Revenues have also declined 2.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -2.09% | |
| Real Estate | -3.51% | |
| Office REITs | -10.42% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||