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Canadian (TSX) Office REITs Industry Analysis

UpdatedJul 01, 2025
DataAggregated Company Financials
Companies5
  • 7D1.3%
  • 3M0.6%
  • 1Y8.9%
  • YTDn/a

The Office REITs industry is up 1.3% in the last week, with Allied Properties Real Estate Investment Trust up 2.0%. This takes the industry's 12 month performance to a gain of 8.9%. Earnings are forecast to grow by 107% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Jul 2025CA$2.9bCA$940.5m-CA$660,526,611.0032.7x-4.4x3.1x
Fri, 30 May 2025CA$2.6bCA$941.0m-CA$660,529,770.0026.4x-4x2.8x
Sun, 27 Apr 2025CA$2.7bCA$948.2m-CA$537,515,454.0030.8x-4.9x2.8x
Tue, 25 Mar 2025CA$2.9bCA$1.1b-CA$956,473,454.0030.8x-3.1x2.6x
Thu, 20 Feb 2025CA$2.9bCA$1.1b-CA$970,573,454.0030.8x-3x2.6x
Sat, 18 Jan 2025CA$2.9bCA$1.1b-CA$1,212,261,454.0030.8x-2.4x2.6x
Mon, 16 Dec 2024CA$3.0bCA$1.1b-CA$1,212,261,454.0030.8x-2.5x2.7x
Wed, 13 Nov 2024CA$3.2bCA$1.1b-CA$1,251,341,412.0024.4x-2.6x2.8x
Fri, 11 Oct 2024CA$3.4bCA$1.1b-CA$935,578,412.0020.3x-3.7x3.1x
Sun, 08 Sep 2024CA$2.9bCA$1.1b-CA$935,578,412.0020.3x-3.1x2.6x
Tue, 06 Aug 2024CA$2.8bCA$1.1b-CA$801,444,696.0028.5x-3.5x2.6x
Thu, 04 Jul 2024CA$2.7bCA$1.1b-CA$820,658,696.0038x-3.3x2.5x
Sat, 01 Jun 2024CA$2.9bCA$1.1b-CA$820,649,958.0026.9x-3.5x2.7x
Mon, 29 Apr 2024CA$3.0bCA$1.1b-CA$811,282,958.0030.8x-3.7x2.8x
Wed, 27 Mar 2024CA$3.0bCA$1.1b-CA$816,996,728.00n/a-3.6x2.7x
Fri, 23 Feb 2024CA$3.1bCA$1.1b-CA$832,964,728.00n/a-3.7x2.8x
Sun, 21 Jan 2024CA$3.5bCA$1.1b-CA$387,958,728.00n/a-9x3.2x
Tue, 19 Dec 2023CA$3.5bCA$1.1b-CA$387,958,728.00n/a-8.9x3.2x
Thu, 16 Nov 2023CA$2.9bCA$1.1b-CA$334,856,395.00n/a-8.7x2.7x
Sat, 14 Oct 2023CA$3.2bCA$1.1b-CA$232,577,395.00n/a-13.7x2.9x
Mon, 11 Sep 2023CA$3.7bCA$1.1b-CA$232,577,395.00n/a-15.8x3.4x
Wed, 09 Aug 2023CA$4.0bCA$1.1b-CA$232,544,067.00n/a-17.2x3.7x
Fri, 07 Jul 2023CA$4.0bCA$1.1b-CA$1,035,067.0033.4x-3860.3x3.5x
Sun, 04 Jun 2023CA$4.4bCA$1.1b-CA$1,035,067.0049.1x-4292.4x3.9x
Tue, 02 May 2023CA$4.4bCA$1.2bCA$91.4m16.8x48.5x3.8x
Thu, 30 Mar 2023CA$4.9bCA$1.1bCA$221.5m14.8x22x4.2x
Sat, 25 Feb 2023CA$5.9bCA$1.2bCA$371.8m7.1x16x5.1x
Mon, 23 Jan 2023CA$5.7bCA$1.3bCA$793.7m4.4x7.1x4.5x
Wed, 21 Dec 2022CA$5.0bCA$1.3bCA$793.7m4.2x6.3x4x
Fri, 18 Nov 2022CA$5.2bCA$1.3bCA$793.7m4.4x6.5x4.1x
Sun, 16 Oct 2022CA$5.4bCA$1.2bCA$935.3m5.5x5.7x4.3x
Tue, 13 Sep 2022CA$6.3bCA$1.2bCA$935.3m6.3x6.7x5.1x
Thu, 11 Aug 2022CA$6.6bCA$1.2bCA$957.3m6.3x6.9x5.3x
Sat, 09 Jul 2022CA$6.5bCA$1.2bCA$891.4m7x7.3x5.3x
Price to Earnings Ratio

7.3x


Total Market Cap: CA$6.5bTotal Earnings: CA$891.4mTotal Revenue: CA$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Price to Earnings3Y Average -299x202320242025
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 3.4x.
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 8.9% per year, which is driving profits down.

Industry Comparison

How does Canadian Office REITs compare with similar industries?

CA Market0.87%
Real Estate0.12%
REITS-1.35%
Office REITs1.28%
Specialized REITs1.41%
Retail REITs0.97%
Industrial REITs0.90%
Residential REITs0.53%
Hotel and Resort REITs-0.27%
Healthcare REITs-0.80%
Diversified REITs-1.35%
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?

CompanyLast Price7D1YValuation
AP.UN Allied Properties Real Estate Investment TrustCA$17.162.0%
+CA$47.5m
9.6%PB0.4x
D.UN Dream Office Real Estate Investment TrustCA$16.276.0%
+CA$15.0m
-12.1%PB0.3x

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