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Canadian (TSX) Office REITs Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies5
- 7D4.1%
- 3M25.2%
- 1Y4.0%
- YTD20.4%
The Office REITs industry is up 4.1% in the last week, with Allied Properties Real Estate Investment Trust up 4.5%. In the last 12 months, the industry was up 4.0%. As for the next few years, earnings are expected to grow by 106% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | CA$3.5b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.4x | 3.9x |
| Sat, 23 Aug 2025 | CA$3.0b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.8x | 3.4x |
| Mon, 21 Jul 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.4x | 3.1x |
| Wed, 18 Jun 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 24.5x | -4.3x | 3x |
| Fri, 16 May 2025 | CA$2.5b | CA$941.0m | -CA$660,529,770.00 | 26.4x | -3.9x | 2.7x |
| Sun, 13 Apr 2025 | CA$2.5b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.6x | 2.6x |
| Tue, 11 Mar 2025 | CA$3.0b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.6x |
| Thu, 06 Feb 2025 | CA$2.9b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Sat, 04 Jan 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.6x |
| Mon, 02 Dec 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.6x | 2.8x |
| Wed, 30 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.7x | 3.1x |
| Fri, 27 Sep 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.7x | 3.1x |
| Sun, 25 Aug 2024 | CA$3.0b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.2x | 2.7x |
| Tue, 23 Jul 2024 | CA$2.9b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.6x | 2.7x |
| Thu, 20 Jun 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.3x | 2.5x |
| Sat, 18 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.7x | 2.8x |
| Mon, 15 Apr 2024 | CA$3.1b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.8x | 2.9x |
| Wed, 13 Mar 2024 | CA$3.0b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.6x | 2.7x |
| Fri, 09 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.4x | 2.8x |
| Sun, 07 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.1x | 3.3x |
| Tue, 05 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.2x | 3x |
| Thu, 02 Nov 2023 | CA$2.8b | CA$1.1b | -CA$256,254,395.00 | n/a | -10.9x | 2.6x |
| Sat, 30 Sep 2023 | CA$3.3b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.2x | 3x |
| Mon, 28 Aug 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Wed, 26 Jul 2023 | CA$4.3b | CA$1.1b | -CA$1,035,067.00 | 37.4x | -4112.2x | 3.8x |
| Fri, 23 Jun 2023 | CA$4.1b | CA$1.1b | -CA$1,035,067.00 | 35x | -3923.4x | 3.6x |
| Sun, 21 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 48.5x | -4329x | 3.9x |
| Tue, 18 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.4x | 23.4x | 4x |
Price to Earnings Ratio
23.4x
Current Industry PE
- Investors are optimistic on the Canadian Office REITs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.9x.
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 7.6% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 1.43% | |
| Real Estate | -1.64% | |
| Office REITs | 4.06% | |
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$21.41 | 4.5% +CA$130.0m | 8.7% | PB0.6x | |
| D.UN Dream Office Real Estate Investment Trust | CA$20.12 | 1.9% +CA$6.1m | -9.7% | PB0.3x | |
| INO.UN Inovalis Real Estate Investment Trust | CA$0.82 | 2.5% +CA$664.1k | -27.4% | PB0.1x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$9.27 | 0.1% +CA$139.8k | -28.4% | PB0.3x |