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Canadian (TSX) Office REITs Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies5
- 7D-0.7%
- 3M6.2%
- 1Y-37.4%
- YTD-24.6%
In the last week, Office REITs has been flat. As for the longer term, the industry has declined 37% in the last year. As for the next few years, earnings are expected to grow by 144% 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 Jul 2026 | CA$2.4b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.5x | 2.7x |
| Sun, 31 May 2026 | CA$2.4b | CA$884.5m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Tue, 28 Apr 2026 | CA$2.5b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.6x | 2.8x |
| Thu, 26 Mar 2026 | CA$2.2b | CA$896.1m | -CA$1,555,298,738.00 | 27.7x | -1.4x | 2.5x |
| Sat, 21 Feb 2026 | CA$2.4b | CA$895.5m | -CA$1,549,194,738.00 | 31.1x | -1.5x | 2.7x |
| Mon, 19 Jan 2026 | CA$3.4b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.9x | 3.1x |
| Wed, 17 Dec 2025 | CA$3.0b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.4x | 2.8x |
| Fri, 14 Nov 2025 | CA$3.1b | CA$1.1b | -CA$870,658,386.00 | 48.9x | -3.6x | 2.8x |
| Sun, 12 Oct 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 38x | -3.9x | 3.5x |
| Tue, 09 Sep 2025 | CA$3.2b | CA$904.8m | -CA$798,676,386.00 | 38x | -4x | 3.5x |
| Thu, 07 Aug 2025 | CA$2.9b | CA$938.2m | -CA$783,328,611.00 | 28.6x | -3.7x | 3.1x |
| Sat, 05 Jul 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 32.7x | -4.4x | 3.1x |
| Mon, 02 Jun 2025 | CA$2.7b | CA$941.0m | -CA$660,526,611.00 | 24.5x | -4x | 2.8x |
| Wed, 30 Apr 2025 | CA$2.7b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -5x | 2.8x |
| Fri, 28 Mar 2025 | CA$2.8b | CA$940.5m | -CA$547,092,454.00 | 30.8x | -5.2x | 3x |
| Sun, 23 Feb 2025 | CA$2.9b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.6x |
| Tue, 21 Jan 2025 | CA$2.9b | CA$1.1b | -CA$1,212,261,454.00 | 25.6x | -2.4x | 2.6x |
| Thu, 19 Dec 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Sat, 16 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,212,252,412.00 | 24.4x | -2.6x | 2.8x |
| Mon, 14 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.6x | 3x |
| Wed, 11 Sep 2024 | CA$3.0b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.2x | 2.6x |
| Fri, 09 Aug 2024 | CA$2.8b | CA$1.1b | -CA$809,785,696.00 | 28.5x | -3.5x | 2.6x |
| Sun, 07 Jul 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 38x | -3.3x | 2.5x |
| Tue, 04 Jun 2024 | CA$2.9b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Thu, 02 May 2024 | CA$3.0b | CA$1.1b | -CA$795,579,958.00 | 30.8x | -3.7x | 2.7x |
| Sat, 30 Mar 2024 | CA$3.0b | CA$1.1b | -CA$816,996,728.00 | n/a | -3.7x | 2.8x |
| Mon, 26 Feb 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Wed, 24 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.2x | 3.3x |
| Fri, 22 Dec 2023 | CA$3.4b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.7x | 3.2x |
| Sun, 19 Nov 2023 | CA$2.9b | CA$1.1b | -CA$387,943,395.00 | n/a | -7.6x | 2.7x |
| Tue, 17 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.8x | 3x |
| Thu, 14 Sep 2023 | CA$3.7b | CA$1.1b | -CA$232,577,395.00 | n/a | -16x | 3.4x |
| Sat, 12 Aug 2023 | CA$4.0b | CA$1.1b | -CA$232,544,067.00 | n/a | -17x | 3.6x |
| Mon, 10 Jul 2023 | CA$4.0b | CA$1.1b | -CA$1,035,067.00 | 33.3x | -3872.3x | 3.6x |
Price to Earnings Ratio
-3872.3x
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 7.7% 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 | 0.037% | |
| Real Estate | 0.73% | |
| Office REITs | -0.66% | |
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$10.22 | 2.5% +CA$48.9m | -41.0% | PB0.5x | |
| D.UN Dream Office Real Estate Investment Trust | CA$18.82 | 7.4% +CA$21.1m | 14.5% | PB0.3x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$8.57 | 0.4% +CA$422.0k | -8.4% | PB0.3x | |
| INO.UN Inovalis Real Estate Investment Trust | CA$0.77 | 1.3% +CA$334.9k | -14.4% | PB0.2x |