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Canadian (TSX) Office REITs Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies5
  • 7D0.5%
  • 3M11.0%
  • 1Y0.8%
  • YTD-2.0%

In the last week, Office REITs has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 107% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025CA$2.9bCA$907.4m-CA$794,286,611.0028.6x-3.6x3.2x
Tue, 08 Jul 2025CA$3.0bCA$940.5m-CA$660,526,611.0032.7x-4.5x3.2x
Thu, 05 Jun 2025CA$2.7bCA$941.0m-CA$660,526,611.0024.5x-4x2.8x
Sat, 03 May 2025CA$2.6bCA$954.7m-CA$626,412,454.0035.9x-4.1x2.7x
Mon, 31 Mar 2025CA$2.8bCA$940.5m-CA$547,092,454.0030.8x-5.2x3x
Wed, 26 Feb 2025CA$2.9bCA$1.1b-CA$947,250,454.0030.8x-3.1x2.6x
Fri, 24 Jan 2025CA$2.9bCA$1.1b-CA$1,212,261,454.0030.8x-2.4x2.6x
Sun, 22 Dec 2024CA$3.0bCA$1.1b-CA$1,212,261,454.0030.8x-2.5x2.7x
Tue, 19 Nov 2024CA$3.2bCA$1.1b-CA$1,212,252,412.0024.4x-2.6x2.8x
Thu, 17 Oct 2024CA$3.5bCA$1.1b-CA$935,578,412.0024.4x-3.8x3.2x
Sat, 14 Sep 2024CA$3.2bCA$1.1b-CA$935,578,412.0024.4x-3.4x2.8x
Mon, 12 Aug 2024CA$2.9bCA$1.1b-CA$935,584,696.0023.8x-3.1x2.6x
Wed, 10 Jul 2024CA$2.8bCA$1.1b-CA$820,658,696.0023.8x-3.4x2.6x
Fri, 07 Jun 2024CA$3.0bCA$1.1b-CA$820,658,696.0033.3x-3.6x2.8x
Sun, 05 May 2024CA$3.0bCA$1.1b-CA$814,079,958.0030.8x-3.7x2.7x
Tue, 02 Apr 2024CA$3.0bCA$1.1b-CA$811,528,728.00n/a-3.7x2.8x
Thu, 29 Feb 2024CA$3.0bCA$1.1b-CA$832,964,728.00n/a-3.6x2.8x
Sat, 27 Jan 2024CA$3.6bCA$1.1b-CA$387,958,728.00n/a-9.2x3.3x
Mon, 25 Dec 2023CA$3.4bCA$1.1b-CA$387,958,728.00n/a-8.9x3.2x
Wed, 22 Nov 2023CA$3.0bCA$1.1b-CA$387,943,395.00n/a-7.7x2.8x
Fri, 20 Oct 2023CA$3.0bCA$1.1b-CA$232,577,395.00n/a-13x2.8x
Sun, 17 Sep 2023CA$3.8bCA$1.1b-CA$232,577,395.00n/a-16.5x3.5x
Tue, 15 Aug 2023CA$3.9bCA$1.1b-CA$232,544,067.00n/a-16.8x3.6x
Thu, 13 Jul 2023CA$4.0bCA$1.1b-CA$1,035,067.0034.2x-3894.3x3.6x
Sat, 10 Jun 2023CA$4.4bCA$1.1b-CA$1,035,067.0048.8x-4284.2x3.9x
Mon, 08 May 2023CA$4.4bCA$1.1bCA$7.4m48.3x600.1x3.9x
Wed, 05 Apr 2023CA$4.7bCA$1.1bCA$195.6m14.4x24x4.1x
Price to Earnings Ratio

24x


Total Market Cap: CA$4.7bTotal Earnings: CA$195.6mTotal Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Price to Earnings3Y Average -380.9x20242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Office 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 PS ratio of 3.0x.
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 6.5% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market1.30%
Real Estate0.82%
Office REITs0.49%
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
AP.UN Allied Properties Real Estate Investment TrustCA$17.200.7%
+CA$16.8m		2.4%PB0.5x
D.UN Dream Office Real Estate Investment TrustCA$16.490.4%
+CA$1.1m		-7.1%PB0.3x
RPR.UN Ravelin Properties REITCA$0.392.6%
+CA$805.6k		5.4%PB0.6x

Latest News

INO.UN
CA$0.88
Inovalis Real Estate Investment Trust
7D
-2.2%
1Y
-34.8%
D.UN
CA$16.49
Dream Office Real Estate Investment Trust
7D
0.4%
1Y
-7.1%
AP.UN
CA$17.20
Allied Properties Real Estate Investment Trust
7D
0.7%
1Y
2.4%
TNT.UN
CA$9.17
True North Commercial Real Estate Investment Trust
7D
-2.4%
1Y
4.4%
RPR.UN
CA$0.39
Ravelin Properties REIT
7D
2.6%
1Y
5.4%