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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | CA$7.4b | CA$1.2b | CA$891.4m | 7.9x |
| Mon, 25 Apr 2022 | CA$8.4b | CA$1.2b | CA$726.5m | 11.2x |
| Wed, 23 Mar 2022 | CA$9.1b | CA$1.2b | CA$732.8m | 11.5x |
| Fri, 18 Feb 2022 | CA$8.4b | CA$1.2b | CA$703.8m | 11.7x |
| Sun, 16 Jan 2022 | CA$8.3b | CA$1.2b | CA$627.7m | 12.4x |
| Tue, 14 Dec 2021 | CA$8.1b | CA$1.2b | CA$627.7m | 12.1x |
| Thu, 11 Nov 2021 | CA$8.3b | CA$1.2b | CA$600.0m | 16x |
| Sat, 09 Oct 2021 | CA$7.9b | CA$1.2b | CA$510.5m | 17.7x |
| Mon, 06 Sep 2021 | CA$8.0b | CA$1.2b | CA$510.5m | 18x |
| Wed, 04 Aug 2021 | CA$8.1b | CA$1.2b | CA$510.5m | 18.3x |
| Sat, 08 May 2021 | CA$7.7b | CA$1.2b | CA$516.4m | 16.8x |
| Tue, 09 Feb 2021 | CA$6.7b | CA$1.2b | CA$749.7m | 14.6x |
| Mon, 02 Nov 2020 | CA$6.0b | CA$1.2b | CA$1.0b | 7.4x |
| Thu, 06 Aug 2020 | CA$7.0b | CA$1.2b | CA$1.0b | 6.7x |
| Sun, 10 May 2020 | CA$7.7b | CA$1.2b | CA$1.1b | 7.1x |
| Sat, 01 Feb 2020 | CA$10.0b | CA$1.2b | CA$878.2m | 12.7x |
| Tue, 05 Nov 2019 | CA$9.1b | CA$1.1b | CA$751.1m | 12.4x |
| Fri, 09 Aug 2019 | CA$8.2b | CA$1.1b | CA$864.5m | 8.9x |
Median PE Ratio
10.3x
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 Market | 1.68% | |
| Real Estate | -0.49% | |
| REITS | -0.076% | |
| Office REITs | -0.85% | |
| Healthcare REITs | 0.70% | |
| Residential REITs | 0.29% | |
| Specialized REITs | 0.22% | |
| Diversified REITs | 0.17% | |
| Industrial REITs | 0.10% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TNT.UN True North Commercial Real Estate Investment Trust | CA$6.57 | 2.5% +CA$14.3m | -12.4% | PB1.1x | |
| D.UN Dream Office Real Estate Investment Trust | CA$23.33 | 1.1% +CA$11.8m | 7.6% | PB0.7x | |
| SOT.UN Slate Office REIT | CA$4.97 | 1.8% +CA$7.2m | 4.6% | PB0.6x |