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Canadian (TSX) Office REITs Industry Analysis
UpdatedMar 10, 2026
DataAggregated Company Financials
Companies5
- 7D-6.0%
- 3M-26.7%
- 1Y-40.6%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 4.3%, driven by declines from every company within the industry. Overall the industry is down 42% in 12 months. As for the next few years, earnings are expected to grow by 135% 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Mar 2026 | CA$2.2b | CA$887.5m | -CA$1,554,463,738.00 | 24.2x | -1.4x | 2.5x |
| Thu, 05 Feb 2026 | CA$3.3b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.8x | 3x |
| Sat, 03 Jan 2026 | CA$3.1b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.6x | 2.9x |
| Mon, 01 Dec 2025 | CA$2.9b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.3x | 2.7x |
| Wed, 29 Oct 2025 | CA$3.2b | CA$904.8m | -CA$798,676,386.00 | 48.9x | -4x | 3.6x |
| Fri, 26 Sep 2025 | CA$3.5b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.4x | 3.9x |
| Sun, 24 Aug 2025 | CA$3.1b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.9x | 3.4x |
| Tue, 22 Jul 2025 | CA$3.0b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.5x | 3.2x |
| Thu, 19 Jun 2025 | CA$2.8b | CA$940.5m | -CA$660,526,611.00 | 36.8x | -4.3x | 3x |
| Sat, 17 May 2025 | CA$2.6b | CA$941.0m | -CA$660,529,770.00 | 26.4x | -3.9x | 2.7x |
| Mon, 14 Apr 2025 | CA$2.5b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.6x | 2.6x |
| Wed, 12 Mar 2025 | CA$2.8b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3x | 2.5x |
| Fri, 07 Feb 2025 | CA$3.0b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Sun, 05 Jan 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Tue, 03 Dec 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.6x | 2.8x |
| Thu, 31 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.6x | 3x |
| Sat, 28 Sep 2024 | CA$3.5b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.7x | 3.1x |
| Mon, 26 Aug 2024 | CA$3.0b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.2x | 2.7x |
| Wed, 24 Jul 2024 | CA$3.0b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.7x | 2.8x |
| Fri, 21 Jun 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.3x | 2.5x |
| Sun, 19 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Tue, 16 Apr 2024 | CA$3.1b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.8x | 2.9x |
| Thu, 14 Mar 2024 | CA$3.0b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.6x | 2.7x |
| Sat, 10 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.4x | 2.8x |
| Mon, 08 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.1x | 3.3x |
| Wed, 06 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Fri, 03 Nov 2023 | CA$2.9b | CA$1.1b | -CA$256,254,395.00 | n/a | -11.4x | 2.7x |
| Sun, 01 Oct 2023 | CA$3.3b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.1x | 3x |
| Tue, 29 Aug 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Thu, 27 Jul 2023 | CA$4.2b | CA$1.1b | -CA$1,035,067.00 | 37.4x | -4089.4x | 3.8x |
| Sat, 24 Jun 2023 | CA$3.8b | CA$1.1b | -CA$1,035,067.00 | 31.7x | -3694.5x | 3.4x |
| Mon, 22 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 48.5x | -4322.6x | 3.9x |
| Wed, 19 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.4x | 23.3x | 4x |
| Fri, 17 Mar 2023 | CA$5.1b | CA$1.1b | CA$221.5m | 15.4x | 22.8x | 4.4x |
Price to Earnings Ratio
22.8x
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 2.5x.
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 8.2% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -4.27% | |
| Real Estate | -2.25% | |
| REITS | -0.87% | |
| Office REITs | -6.00% | |
| Specialized REITs | 0.17% | |
| Diversified REITs | -0.87% | |
| Hotel and Resort REITs | -1.21% | |
| Residential REITs | -1.81% | |
| Retail REITs | -2.17% | |
| Healthcare REITs | -3.57% | |
| Industrial REITs | -4.37% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||