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Canadian (TSX) Office REITs Industry Analysis
UpdatedJun 11, 2026
DataAggregated Company Financials
Companies5
- 7D2.9%
- 3M8.1%
- 1Y-34.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has risen 1.9%, driven by gains from every company within the industry. However, the industry is down 35% over the past year. Earnings are forecast to grow by 144% 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 |
|---|---|---|---|---|---|---|
| Thu, 11 Jun 2026 | CA$2.5b | CA$884.9m | -CA$1,561,388,408.00 | n/a | -1.6x | 2.8x |
| Sat, 09 May 2026 | CA$2.4b | CA$888.0m | -CA$1,615,476,408.00 | n/a | -1.5x | 2.7x |
| Mon, 06 Apr 2026 | CA$2.3b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.4x | 2.5x |
| Wed, 04 Mar 2026 | CA$2.3b | CA$887.5m | -CA$1,554,463,738.00 | 24.2x | -1.5x | 2.6x |
| Fri, 30 Jan 2026 | CA$3.4b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.9x | 3.1x |
| Sun, 28 Dec 2025 | CA$3.2b | CA$1.1b | -CA$882,904,738.00 | 34.6x | -3.6x | 2.9x |
| Tue, 25 Nov 2025 | CA$2.9b | CA$1.1b | -CA$882,923,386.00 | 54.3x | -3.3x | 2.7x |
| Thu, 23 Oct 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 48.9x | -3.9x | 3.4x |
| Sat, 20 Sep 2025 | CA$3.4b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.3x | 3.8x |
| Mon, 18 Aug 2025 | CA$3.0b | CA$904.8m | -CA$798,665,611.00 | 28.6x | -3.7x | 3.3x |
| Wed, 16 Jul 2025 | CA$3.0b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.6x | 3.2x |
| Fri, 13 Jun 2025 | CA$2.8b | CA$940.5m | -CA$660,526,611.00 | 24.5x | -4.3x | 3x |
| Sun, 11 May 2025 | CA$2.5b | CA$942.8m | -CA$671,455,770.00 | 30.8x | -3.8x | 2.7x |
| Tue, 08 Apr 2025 | CA$2.6b | CA$954.1m | -CA$537,515,454.00 | 30.8x | -4.9x | 2.8x |
| Thu, 06 Mar 2025 | CA$2.9b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.5x |
| Sat, 01 Feb 2025 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Mon, 30 Dec 2024 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 35.9x | -2.5x | 2.7x |
| Wed, 27 Nov 2024 | CA$3.1b | CA$1.1b | -CA$1,212,252,412.00 | 24.4x | -2.6x | 2.8x |
| Fri, 25 Oct 2024 | CA$3.5b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.7x | 3.1x |
| Sun, 22 Sep 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 28.5x | -3.6x | 3x |
| Tue, 20 Aug 2024 | CA$2.9b | CA$1.1b | -CA$935,584,696.00 | 23.8x | -3.1x | 2.6x |
| Thu, 18 Jul 2024 | CA$3.0b | CA$1.1b | -CA$820,658,696.00 | 23.8x | -3.7x | 2.8x |
| Sat, 15 Jun 2024 | CA$2.8b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.4x | 2.6x |
| Mon, 13 May 2024 | CA$2.9b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Wed, 10 Apr 2024 | CA$3.1b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.9x | 2.9x |
| Fri, 08 Mar 2024 | CA$3.0b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.6x | 2.7x |
| Sun, 04 Feb 2024 | CA$3.2b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.5x | 2.9x |
| Tue, 02 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.3x |
| Thu, 30 Nov 2023 | CA$3.1b | CA$1.1b | -CA$387,958,728.00 | n/a | -7.9x | 2.8x |
| Sat, 28 Oct 2023 | CA$2.9b | CA$1.1b | -CA$302,896,395.00 | n/a | -9.4x | 2.7x |
| Mon, 25 Sep 2023 | CA$3.5b | CA$1.1b | -CA$232,577,395.00 | n/a | -15.2x | 3.2x |
| Wed, 23 Aug 2023 | CA$3.8b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.4x | 3.5x |
| Fri, 21 Jul 2023 | CA$4.2b | CA$1.1b | -CA$1,035,067.00 | 36.4x | -4069.6x | 3.7x |
| Sun, 18 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 48.7x | -4272.3x | 3.9x |
Price to Earnings Ratio
-4272.3x
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 7.7% 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 | -2.24% | |
| Real Estate | 2.03% | |
| REITS | 0.73% | |
| Office REITs | 2.89% | |
| Hotel and Resort REITs | 3.01% | |
| Residential REITs | 2.82% | |
| Retail REITs | 1.64% | |
| Diversified REITs | 0.73% | |
| Specialized REITs | 0.42% | |
| Healthcare REITs | 0.38% | |
| Industrial REITs | 0.054% | |
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$10.05 | 2.6% +CA$48.9m | -39.9% | PB0.4x | |
| D.UN Dream Office Real Estate Investment Trust | CA$18.10 | 6.4% +CA$17.9m | 9.4% | PB0.3x |