Canadian (TSX) Office REITs Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies6
- 7D-10.4%
- 3M-17.8%
- 1Y-35.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 4.5%, driven by pullbacks from every company within the industry. The industry has fallen 32% in the last year. As for the next few years, earnings are expected to grow by 114% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.5x | 2.7x |
| Sun, 17 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Tue, 13 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.5x | 2.9x |
| Thu, 11 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.3x | 3.4x |
| Sat, 09 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Mon, 06 Nov 2023 | CA$3.2b | CA$1.1b | -CA$256,254,395.00 | n/a | -12.4x | 2.9x |
| Wed, 04 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.9x | 3x |
| Fri, 01 Sep 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.7x | 3.6x |
| Sun, 30 Jul 2023 | CA$4.1b | CA$1.1b | -CA$90,056,067.00 | 31.9x | -45.4x | 3.7x |
| Tue, 27 Jun 2023 | CA$3.9b | CA$1.1b | -CA$1,035,067.00 | 32.1x | -3771.1x | 3.5x |
| Thu, 25 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 49.1x | -4348.3x | 3.9x |
| Sat, 22 Apr 2023 | CA$4.7b | CA$1.1b | CA$195.6m | 14.2x | 24x | 4.1x |
| Mon, 20 Mar 2023 | CA$1.4b | CA$598.3m | CA$63.6m | 15x | 22.1x | 2.3x |
| Wed, 15 Feb 2023 | CA$5.9b | CA$1.2b | CA$472.3m | 4.3x | 12.5x | 5.1x |
| Fri, 13 Jan 2023 | CA$5.7b | CA$1.3b | CA$793.7m | 4.4x | 7.2x | 4.5x |
| Sun, 11 Dec 2022 | CA$5.2b | CA$1.3b | CA$793.7m | 4.2x | 6.6x | 4.2x |
| Tue, 08 Nov 2022 | CA$5.2b | CA$1.3b | CA$811.0m | 5.6x | 6.4x | 4.1x |
| Thu, 06 Oct 2022 | CA$5.5b | CA$1.2b | CA$935.3m | 5.6x | 5.9x | 4.4x |
| Sat, 03 Sep 2022 | CA$6.0b | CA$1.2b | CA$935.3m | 6x | 6.4x | 4.8x |
| Mon, 01 Aug 2022 | CA$6.7b | CA$1.3b | CA$890.8m | 7.3x | 7.5x | 5.4x |
| Wed, 29 Jun 2022 | CA$6.5b | CA$1.2b | CA$891.4m | 7.1x | 7.3x | 5.3x |
| Fri, 27 May 2022 | CA$7.4b | CA$1.2b | CA$891.4m | 7.9x | 8.3x | 6x |
| Sun, 24 Apr 2022 | CA$8.4b | CA$1.2b | CA$726.5m | 11.2x | 11.6x | 7x |
| Tue, 22 Mar 2022 | CA$9.1b | CA$1.2b | CA$732.8m | 11.5x | 12.4x | 7.5x |
| Thu, 17 Feb 2022 | CA$8.3b | CA$1.2b | CA$703.8m | 11.7x | 11.9x | 7x |
| Sat, 15 Jan 2022 | CA$8.3b | CA$1.2b | CA$627.7m | 12.4x | 13.3x | 7x |
| Mon, 13 Dec 2021 | CA$8.1b | CA$1.2b | CA$627.7m | 12.1x | 12.9x | 6.8x |
| Wed, 10 Nov 2021 | CA$8.2b | CA$1.2b | CA$600.0m | 16.1x | 13.6x | 6.9x |
| Fri, 08 Oct 2021 | CA$7.9b | CA$1.2b | CA$510.5m | 17.7x | 15.4x | 6.7x |
| Sun, 05 Sep 2021 | CA$8.0b | CA$1.2b | CA$510.5m | 18x | 15.7x | 6.8x |
| Tue, 03 Aug 2021 | CA$8.2b | CA$1.2b | CA$510.5m | 18.5x | 16.1x | 6.9x |
| Fri, 07 May 2021 | CA$7.7b | CA$1.2b | CA$516.4m | 16.8x | 15x | 6.7x |
Price to Earnings Ratio
15x
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 5.0x is higher than the industry's current PS ratio of 2.9x.
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 2.4% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -2.09% | |
| Real Estate | -3.51% | |
| REITS | -2.15% | |
| Office REITs | -10.42% | |
| Specialized REITs | -1.60% | |
| Diversified REITs | -2.15% | |
| Retail REITs | -3.16% | |
| Residential REITs | -3.86% | |
| Healthcare REITs | -5.71% | |
| Industrial REITs | -5.92% | |
| Hotel and Resort REITs | -8.47% | |
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 | |||||