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Canadian (TSX) Office REITs Industry Analysis
UpdatedApr 17, 2025
DataAggregated Company Financials
Companies5
- 7D-0.6%
- 3M-10.0%
- 1Y-7.5%
- YTD-11.9%
Over the last 7 days, the Office REITs industry has remained flat, although notably Ravelin Properties REIT gained 3.7%. Unfortunately though, the industry is down 7.5% over the past 12 months. As for the next few years, earnings are expected to grow by 110% 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, 17 Apr 2025 | CA$2.6b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.8x | 2.7x |
| Sat, 15 Mar 2025 | CA$2.8b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3x | 2.5x |
| Mon, 10 Feb 2025 | CA$2.9b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Wed, 08 Jan 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Fri, 06 Dec 2024 | CA$3.2b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.6x | 2.8x |
| Sun, 03 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,004,009,412.00 | 24.4x | -3.2x | 2.8x |
| Tue, 01 Oct 2024 | CA$3.5b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.7x | 3.1x |
| Thu, 29 Aug 2024 | CA$3.1b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.3x | 2.7x |
| Sat, 27 Jul 2024 | CA$3.0b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.7x | 2.8x |
| Mon, 24 Jun 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.3x | 2.5x |
| Wed, 22 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Fri, 19 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.6x | 2.7x |
| Sun, 17 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Tue, 13 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.5x | 2.9x |
| Thu, 11 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.3x | 3.4x |
| Sat, 09 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Mon, 06 Nov 2023 | CA$3.2b | CA$1.1b | -CA$256,254,395.00 | n/a | -12.4x | 2.9x |
| Wed, 04 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.9x | 3x |
| Fri, 01 Sep 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Sun, 30 Jul 2023 | CA$4.1b | CA$1.1b | -CA$90,056,067.00 | 31.9x | -45.4x | 3.7x |
| Tue, 27 Jun 2023 | CA$3.9b | CA$1.1b | -CA$1,035,067.00 | 32.1x | -3771.1x | 3.5x |
| Thu, 25 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 49.1x | -4348.3x | 3.9x |
| Sat, 22 Apr 2023 | CA$4.7b | CA$1.1b | CA$195.6m | 14.2x | 24x | 4.1x |
Price to Earnings Ratio
21.9x
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 2.7x.
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 6.2% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | 2.09% | |
| Real Estate | 0.55% | |
| Office REITs | -0.60% | |
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$15.38 | 7.7% +CA$153.7m | -9.5% | PB0.4x | |
| D.UN Dream Office Real Estate Investment Trust | CA$16.37 | 8.2% +CA$20.3m | -8.8% | PB0.2x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$9.25 | 6.8% +CA$8.3m | 7.8% | PB0.3x | |
| INO.UN Inovalis Real Estate Investment Trust | CA$0.81 | 1.3% +CA$332.1k | -25.0% | PB0.1x |