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Canadian (TSX) Office REITs Industry Analysis

UpdatedMay 26, 2022
DataAggregated Company Financials
Companies6
  • 7D-0.9%
  • 3M-11.5%
  • 1Y-10.1%
  • YTD-12.1%

Over the last 7 days, the Office REITs industry has remained flat. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to decline by 29% per year.

Industry Valuation and Performance

Has the Canadian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sat, 28 May 2022CA$7.4bCA$1.2bCA$891.4m7.9x
Mon, 25 Apr 2022CA$8.4bCA$1.2bCA$726.5m11.2x
Wed, 23 Mar 2022CA$9.1bCA$1.2bCA$732.8m11.5x
Fri, 18 Feb 2022CA$8.4bCA$1.2bCA$703.8m11.7x
Sun, 16 Jan 2022CA$8.3bCA$1.2bCA$627.7m12.4x
Tue, 14 Dec 2021CA$8.1bCA$1.2bCA$627.7m12.1x
Thu, 11 Nov 2021CA$8.3bCA$1.2bCA$600.0m16x
Sat, 09 Oct 2021CA$7.9bCA$1.2bCA$510.5m17.7x
Mon, 06 Sep 2021CA$8.0bCA$1.2bCA$510.5m18x
Wed, 04 Aug 2021CA$8.1bCA$1.2bCA$510.5m18.3x
Sat, 08 May 2021CA$7.7bCA$1.2bCA$516.4m16.8x
Tue, 09 Feb 2021CA$6.7bCA$1.2bCA$749.7m14.6x
Mon, 02 Nov 2020CA$6.0bCA$1.2bCA$1.0b7.4x
Thu, 06 Aug 2020CA$7.0bCA$1.2bCA$1.0b6.7x
Sun, 10 May 2020CA$7.7bCA$1.2bCA$1.1b7.1x
Sat, 01 Feb 2020CA$10.0bCA$1.2bCA$878.2m12.7x
Tue, 05 Nov 2019CA$9.1bCA$1.1bCA$751.1m12.4x
Fri, 09 Aug 2019CA$8.2bCA$1.1bCA$864.5m8.9x
Median PE Ratio

10.3x


Total Market Cap: CA$7.7bTotal Earnings: CA$856.1mTotal Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Median PE3Y Average 11.8x202020212022
Current Industry PE
  • Investors are relatively neutral on the 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 PE ratio of 11.8x.
  • Future earnings are expected to decline by 29% which could cause market valuations to fall.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does Canadian Office REITs compare with similar industries?

CA Market1.68%
Real Estate-0.49%
REITS-0.076%
Office REITs-0.85%
Healthcare REITs0.70%
Residential REITs0.29%
Specialized REITs0.22%
Diversified REITs0.17%
Industrial REITs0.10%
Retail REITs-0.30%
Hotel and Resort REITs-1.84%
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TNT.UN True North Commercial Real Estate Investment TrustCA$6.572.5%
+CA$14.3m
-12.4%PB1.1x
D.UN Dream Office Real Estate Investment TrustCA$23.331.1%
+CA$11.8m
7.6%PB0.7x
SOT.UN Slate Office REITCA$4.971.8%
+CA$7.2m
4.6%PB0.6x
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