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Canadian (TSX) Office REITs Industry Analysis
UpdatedAug 17, 2026
DataAggregated Company Financials
Companies5
- 7D-3.3%
- 3M-0.3%
- 1Y-41.2%
- YTD-26.8%
Over the last 7 days, the Office REITs industry has dropped 3.3%, driven by a pullback from Allied Properties Real Estate Investment Trust of 1.0%. Overall the industry is down 41% in 12 months. Looking forward, earnings are forecast to grow by 111% 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Aug 2026 | CA$2.3b | CA$899.2m | -CA$2,168,335,408.00 | n/a | -1.1x | 2.6x |
| Wed, 15 Jul 2026 | CA$2.5b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Fri, 12 Jun 2026 | CA$2.5b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Sun, 10 May 2026 | CA$2.4b | CA$888.0m | -CA$1,615,476,408.00 | n/a | -1.5x | 2.7x |
| Tue, 07 Apr 2026 | CA$2.3b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.4x | 2.5x |
| Thu, 05 Mar 2026 | CA$2.3b | CA$887.5m | -CA$1,554,463,738.00 | 24.2x | -1.5x | 2.6x |
| Sat, 31 Jan 2026 | CA$3.4b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.9x | 3.1x |
| Mon, 29 Dec 2025 | CA$3.2b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.6x | 2.9x |
| Wed, 26 Nov 2025 | CA$3.0b | CA$1.1b | -CA$882,923,386.00 | 54.3x | -3.4x | 2.7x |
| Fri, 24 Oct 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 48.9x | -3.9x | 3.4x |
| Sun, 21 Sep 2025 | CA$3.4b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.3x | 3.8x |
| Tue, 19 Aug 2025 | CA$3.0b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.7x | 3.3x |
| Thu, 17 Jul 2025 | CA$3.0b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.6x | 3.2x |
| Sat, 14 Jun 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 24.5x | -4.4x | 3.1x |
| Mon, 12 May 2025 | CA$2.5b | CA$942.8m | -CA$671,455,770.00 | 30.8x | -3.8x | 2.7x |
| Wed, 09 Apr 2025 | CA$2.5b | CA$954.1m | -CA$537,515,454.00 | 30.8x | -4.7x | 2.6x |
| Fri, 07 Mar 2025 | CA$3.0b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.6x |
| Sun, 02 Feb 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.6x |
| Tue, 31 Dec 2024 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 35.9x | -2.5x | 2.7x |
| Thu, 28 Nov 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.6x | 2.8x |
| Sat, 26 Oct 2024 | CA$3.5b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.7x | 3.1x |
| Mon, 23 Sep 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 28.5x | -3.6x | 3x |
| Wed, 21 Aug 2024 | CA$2.9b | CA$1.1b | -CA$935,584,696.00 | 23.8x | -3.1x | 2.6x |
| Fri, 19 Jul 2024 | CA$3.0b | CA$1.1b | -CA$820,658,696.00 | 23.8x | -3.7x | 2.8x |
| Sun, 16 Jun 2024 | CA$2.8b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.4x | 2.5x |
| Tue, 14 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Thu, 11 Apr 2024 | CA$3.3b | CA$1.1b | -CA$811,528,728.00 | n/a | -4x | 3x |
| Sat, 09 Mar 2024 | CA$3.0b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.6x | 2.8x |
| Mon, 05 Feb 2024 | CA$3.2b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.5x | 2.9x |
| Wed, 03 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.3x |
| Fri, 01 Dec 2023 | CA$3.1b | CA$1.1b | -CA$387,958,728.00 | n/a | -7.9x | 2.9x |
| Sun, 29 Oct 2023 | CA$2.9b | CA$1.1b | -CA$302,896,395.00 | n/a | -9.4x | 2.7x |
| Tue, 26 Sep 2023 | CA$3.4b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.8x | 3.2x |
| Thu, 24 Aug 2023 | CA$3.9b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.7x | 3.6x |
Price to Earnings Ratio
-16.7x
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 2.9x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have deteriorated over the last three years.
- Revenues have also declined 6.2% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 0.99% | |
| Real Estate | -0.67% | |
| Office REITs | -3.32% | |
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 | |
|---|---|---|---|---|---|
| TNT.UN True North Commercial Real Estate Investment Trust | CA$8.84 | 2.8% +CA$3.4m | -4.8% | PB0.3x | |
| D.UN Dream Office Real Estate Investment Trust | CA$18.96 | 0.4% +CA$1.2m | 12.7% | PB0.3x |