Have your own idea? Try our Stock Screener
Canadian (TSX) Office REITs Industry Analysis
UpdatedJul 24, 2026
DataAggregated Company Financials
Companies5
- 7D-1.6%
- 3M-1.4%
- 1Y-38.4%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.6%, driven by Allied Properties Real Estate Investment Trust declining 1.6%. Overall the industry is down 38% in 12 months. Looking forward, earnings are forecast to grow by 135% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 24 Jul 2026 | CA$2.5b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Sun, 21 Jun 2026 | CA$2.5b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Tue, 19 May 2026 | CA$2.4b | CA$884.5m | -CA$1,561,388,408.00 | n/a | -1.5x | 2.7x |
| Thu, 16 Apr 2026 | CA$2.5b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.6x | 2.8x |
| Sat, 14 Mar 2026 | CA$2.3b | CA$887.5m | -CA$1,554,463,738.00 | 24.2x | -1.5x | 2.6x |
| Mon, 09 Feb 2026 | CA$2.9b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.3x | 2.7x |
| Wed, 07 Jan 2026 | CA$3.2b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.7x | 2.9x |
| Fri, 05 Dec 2025 | CA$2.9b | CA$1.1b | -CA$882,904,738.00 | 27.7x | -3.3x | 2.7x |
| Sun, 02 Nov 2025 | CA$2.6b | CA$905.7m | -CA$817,888,386.00 | 43.5x | -3.1x | 2.8x |
| Tue, 30 Sep 2025 | CA$3.5b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.4x | 3.9x |
| Thu, 28 Aug 2025 | CA$3.1b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.8x | 3.4x |
| Sat, 26 Jul 2025 | CA$3.0b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.5x | 3.2x |
| Mon, 23 Jun 2025 | CA$2.8b | CA$940.5m | -CA$660,526,611.00 | 36.8x | -4.3x | 3x |
| Wed, 21 May 2025 | CA$2.6b | CA$941.0m | -CA$660,529,770.00 | 26.4x | -4x | 2.8x |
| Fri, 18 Apr 2025 | CA$2.6b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.8x | 2.7x |
| Sun, 16 Mar 2025 | CA$2.8b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3x | 2.5x |
| Tue, 11 Feb 2025 | CA$2.9b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Thu, 09 Jan 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Sat, 07 Dec 2024 | CA$3.2b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.6x | 2.8x |
| Mon, 04 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,004,009,412.00 | 24.4x | -3.2x | 2.8x |
| Wed, 02 Oct 2024 | CA$3.5b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.8x | 3.1x |
| Fri, 30 Aug 2024 | CA$3.0b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.2x | 2.7x |
| Sun, 28 Jul 2024 | CA$3.1b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.7x | 2.8x |
| Tue, 25 Jun 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.3x | 2.5x |
| Thu, 23 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Sat, 20 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.6x | 2.7x |
| Mon, 18 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Wed, 14 Feb 2024 | CA$3.0b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.3x | 2.7x |
| Fri, 12 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.3x | 3.4x |
| Sun, 10 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Tue, 07 Nov 2023 | CA$3.2b | CA$1.1b | -CA$256,254,395.00 | n/a | -12.4x | 2.9x |
| Thu, 05 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.9x | 3x |
| Sat, 02 Sep 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Mon, 31 Jul 2023 | CA$4.0b | CA$1.1b | -CA$75,534,067.00 | 31.9x | -53.2x | 3.6x |
Price to Earnings Ratio
-53.2x
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 2.9x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have deteriorated over the last three years.
- Revenues have also declined 7.9% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -0.052% | |
| Real Estate | -3.25% | |
| REITS | -0.92% | |
| Office REITs | -1.61% | |
| Healthcare REITs | 1.63% | |
| Specialized REITs | -0.25% | |
| Diversified REITs | -0.92% | |
| Industrial REITs | -1.49% | |
| Residential REITs | -1.66% | |
| Retail REITs | -1.93% | |
| Hotel and Resort REITs | -4.43% | |
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$10.45 | 2.6% +CA$50.9m | -41.2% | PB0.5x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$8.84 | 1.4% +CA$1.7m | -6.5% | PB0.3x |