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Canadian (TSX) Office REITs Industry Analysis
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies5
- 7D1.7%
- 3M-29.0%
- 1Y-38.4%
- YTD-29.0%
The Office REITs industry is up 1.7% in the last week, with Allied Properties Real Estate Investment Trust up 1.7%. During this same period, the Ravelin Properties REIT underperformed, falling 75%. In contrast, the industry has lost 38% in the last 12 months. As for the next few years, earnings are expected to grow by 137% per annum.
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, 03 Apr 2026 | CA$2.2b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.4x | 2.5x |
| Sun, 01 Mar 2026 | CA$2.3b | CA$887.5m | -CA$1,554,463,738.00 | 24.2x | -1.5x | 2.6x |
| Tue, 27 Jan 2026 | CA$3.5b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.9x | 3.1x |
| Thu, 25 Dec 2025 | CA$3.2b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.6x | 2.9x |
| Sat, 22 Nov 2025 | CA$2.9b | CA$1.1b | -CA$873,408,386.00 | 54.3x | -3.3x | 2.6x |
| Mon, 20 Oct 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 48.9x | -3.9x | 3.5x |
| Wed, 17 Sep 2025 | CA$3.4b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.2x | 3.7x |
| Fri, 15 Aug 2025 | CA$3.0b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.7x | 3.3x |
| Sun, 13 Jul 2025 | CA$3.0b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.5x | 3.2x |
| Tue, 10 Jun 2025 | CA$2.8b | CA$941.0m | -CA$660,526,611.00 | 24.5x | -4.2x | 2.9x |
| Thu, 08 May 2025 | CA$2.5b | CA$954.7m | -CA$626,412,454.00 | 35.9x | -4x | 2.6x |
| Sat, 05 Apr 2025 | CA$2.8b | CA$954.1m | -CA$537,515,454.00 | 30.8x | -5.2x | 2.9x |
| Mon, 03 Mar 2025 | CA$2.9b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.5x |
| Wed, 29 Jan 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.6x |
| Fri, 27 Dec 2024 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.4x | 2.6x |
| Sun, 24 Nov 2024 | CA$3.1b | CA$1.1b | -CA$1,212,252,412.00 | 24.4x | -2.6x | 2.7x |
| Tue, 22 Oct 2024 | CA$3.6b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.8x | 3.2x |
| Thu, 19 Sep 2024 | CA$3.4b | CA$1.1b | -CA$935,622,000.00 | n/a | -3.6x | 3x |
| Sat, 17 Aug 2024 | CA$2.9b | CA$1.1b | -CA$935,584,696.00 | 23.8x | -3.1x | 2.6x |
| Mon, 15 Jul 2024 | CA$2.9b | CA$1.1b | -CA$820,658,696.00 | 23.8x | -3.5x | 2.7x |
| Wed, 12 Jun 2024 | CA$2.9b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.5x | 2.7x |
| Fri, 10 May 2024 | CA$3.0b | CA$1.1b | -CA$831,137,958.00 | 30.8x | -3.6x | 2.7x |
| Sun, 07 Apr 2024 | CA$3.1b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.8x | 2.8x |
| Tue, 05 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Thu, 01 Feb 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.3x |
| Sat, 30 Dec 2023 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.3x |
| Mon, 27 Nov 2023 | CA$3.0b | CA$1.1b | -CA$387,958,728.00 | n/a | -7.7x | 2.8x |
| Wed, 25 Oct 2023 | CA$2.8b | CA$1.1b | -CA$232,577,395.00 | n/a | -12.2x | 2.6x |
| Fri, 22 Sep 2023 | CA$3.6b | CA$1.1b | -CA$232,577,395.00 | n/a | -15.5x | 3.3x |
| Sun, 20 Aug 2023 | CA$3.8b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.6x | 3.5x |
| Tue, 18 Jul 2023 | CA$4.1b | CA$1.1b | -CA$1,035,067.00 | 34.8x | -3929.6x | 3.6x |
| Thu, 15 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 49.1x | -4279.6x | 3.9x |
| Sat, 13 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 49.1x | -4361x | 3.9x |
| Mon, 10 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.2x | 23.4x | 4x |
Price to Earnings Ratio
23.4x
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 3.0x is higher than the industry's current PS ratio of 2.5x.
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 8.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 3.76% | |
| Real Estate | 3.12% | |
| Office REITs | 1.68% | |
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 | |
|---|---|---|---|---|---|
| AP.UN Allied Properties Real Estate Investment Trust | CA$9.32 | 1.7% +CA$31.3m | -43.0% | PB0.5x | |
| D.UN Dream Office Real Estate Investment Trust | CA$16.03 | 2.5% +CA$6.4m | -7.9% | PB0.3x |