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Canadian (TSX) Office REITs Industry Analysis

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies6
  • 7D-1.9%
  • 3M-13.7%
  • 1Y-38.0%
  • YTDn/a

Over the last 7 days, the Office REITs industry has dropped 1.9%, driven by a pullback from Allied Properties Real Estate Investment Trust of 2.7%. The industry has fallen 38% in the last year. As for the next few years, earnings are expected to grow by 113% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024CA$2.9bCA$1.1b-CA$832,964,728.00n/a-3.5x2.7x
Tue, 13 Feb 2024CA$3.1bCA$1.1b-CA$905,307,728.00n/a-3.5x2.9x
Thu, 11 Jan 2024CA$3.6bCA$1.1b-CA$387,958,728.00n/a-9.3x3.4x
Sat, 09 Dec 2023CA$3.2bCA$1.1b-CA$387,958,728.00n/a-8.3x3x
Mon, 06 Nov 2023CA$3.2bCA$1.1b-CA$256,254,395.00n/a-12.4x2.9x
Wed, 04 Oct 2023CA$3.2bCA$1.1b-CA$232,577,395.00n/a-13.9x3x
Fri, 01 Sep 2023CA$3.9bCA$1.1b-CA$232,577,395.00n/a-16.7x3.6x
Sun, 30 Jul 2023CA$4.1bCA$1.1b-CA$90,056,067.0031.9x-45.4x3.7x
Tue, 27 Jun 2023CA$3.9bCA$1.1b-CA$1,035,067.0032.1x-3771.1x3.5x
Thu, 25 May 2023CA$4.4bCA$1.1b-CA$1,019,529.0049.1x-4348.3x3.9x
Sat, 22 Apr 2023CA$4.7bCA$1.1bCA$195.6m14.2x24x4.1x
Mon, 20 Mar 2023CA$1.4bCA$598.3mCA$63.6m15x22.1x2.3x
Wed, 15 Feb 2023CA$5.9bCA$1.2bCA$472.3m4.3x12.5x5.1x
Fri, 13 Jan 2023CA$5.7bCA$1.3bCA$793.7m4.4x7.2x4.5x
Sun, 11 Dec 2022CA$5.2bCA$1.3bCA$793.7m4.2x6.6x4.2x
Tue, 08 Nov 2022CA$5.2bCA$1.3bCA$811.0m5.6x6.4x4.1x
Thu, 06 Oct 2022CA$5.5bCA$1.2bCA$935.3m5.6x5.9x4.4x
Sat, 03 Sep 2022CA$6.0bCA$1.2bCA$935.3m6x6.4x4.8x
Mon, 01 Aug 2022CA$6.7bCA$1.3bCA$890.8m7.3x7.5x5.4x
Wed, 29 Jun 2022CA$6.5bCA$1.2bCA$891.4m7.1x7.3x5.3x
Fri, 27 May 2022CA$7.4bCA$1.2bCA$891.4m7.9x8.3x6x
Sun, 24 Apr 2022CA$8.4bCA$1.2bCA$726.5m11.2x11.6x7x
Tue, 22 Mar 2022CA$9.1bCA$1.2bCA$732.8m11.5x12.4x7.5x
Thu, 17 Feb 2022CA$8.3bCA$1.2bCA$703.8m11.7x11.9x7x
Sat, 15 Jan 2022CA$8.3bCA$1.2bCA$627.7m12.4x13.3x7x
Mon, 13 Dec 2021CA$8.1bCA$1.2bCA$627.7m12.1x12.9x6.8x
Wed, 10 Nov 2021CA$8.2bCA$1.2bCA$600.0m16.1x13.6x6.9x
Fri, 08 Oct 2021CA$7.9bCA$1.2bCA$510.5m17.7x15.4x6.7x
Sun, 05 Sep 2021CA$8.0bCA$1.2bCA$510.5m18x15.7x6.8x
Tue, 03 Aug 2021CA$8.2bCA$1.2bCA$510.5m18.5x16.1x6.9x
Fri, 07 May 2021CA$7.7bCA$1.2bCA$516.4m16.8x15x6.7x
Price to Earnings Ratio

14.4x


Total Market Cap: CA$7.5bTotal Earnings: CA$516.4mTotal Revenue: CA$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Price to Earnings3Y Average -295.4x202220232024
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 5.1x is higher than the industry's current PS ratio of 2.7x.
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 2.2% per year, which is driving profits down.

Industry Comparison

How does Canadian Office REITs compare with similar industries?

CA Market0.45%
Real Estate-1.09%
REITS-1.99%
Office REITs-1.91%
Healthcare REITs8.55%
Hotel and Resort REITs6.68%
Specialized REITs-1.34%
Residential REITs-1.77%
Diversified REITs-1.99%
Industrial REITs-2.32%
Retail REITs-2.40%
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
D.UN Dream Office Real Estate Investment TrustCA$16.114.6%
+CA$11.6m
-45.6%PB0.2x
TNT.UN True North Commercial Real Estate Investment TrustCA$9.111.6%
+CA$2.1m
-54.6%PB0.3x
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Latest News

AP.UN

CA$17.08

Allied Properties Real Estate Investment Trust

7D

-2.7%

1Y

-30.5%

SOT.UN

CA$0.75

Slate Office REIT

7D

-6.3%

1Y

-79.7%