Have your own idea? Try our Stock Screener
Canadian (TSX) Office REITs Industry Analysis
UpdatedOct 16, 2025
DataAggregated Company Financials
Companies5
- 7D-2.4%
- 3M4.3%
- 1Y-11.8%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 14%, driven by declines from every company within the industry. However, the industry is down 6.3% over the past year. As for the next few years, earnings are expected to grow by 106% 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, 17 Oct 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 43.5x | -3.9x | 3.4x |
| Sun, 14 Sep 2025 | CA$3.4b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.3x | 3.8x |
| Tue, 12 Aug 2025 | CA$2.9b | CA$907.4m | -CA$794,286,611.00 | 28.6x | -3.6x | 3.2x |
| Thu, 10 Jul 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 28.6x | -4.4x | 3.1x |
| Sat, 07 Jun 2025 | CA$2.7b | CA$941.0m | -CA$660,526,611.00 | 24.5x | -4.1x | 2.9x |
| Mon, 05 May 2025 | CA$2.6b | CA$954.7m | -CA$626,412,454.00 | 35.9x | -4.2x | 2.7x |
| Wed, 02 Apr 2025 | CA$2.8b | CA$954.1m | -CA$537,515,454.00 | 30.8x | -5.2x | 2.9x |
| Fri, 28 Feb 2025 | CA$3.0b | CA$1.1b | -CA$947,250,454.00 | 30.8x | -3.1x | 2.6x |
| Sun, 26 Jan 2025 | CA$2.9b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.4x | 2.6x |
| Tue, 24 Dec 2024 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Thu, 21 Nov 2024 | CA$3.1b | CA$1.1b | -CA$1,212,252,412.00 | 24.4x | -2.6x | 2.8x |
| Sat, 19 Oct 2024 | CA$3.6b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.8x | 3.2x |
| Mon, 16 Sep 2024 | CA$3.3b | CA$1.1b | -CA$935,578,412.00 | 24.4x | -3.5x | 2.9x |
| Wed, 14 Aug 2024 | CA$2.8b | CA$1.1b | -CA$935,584,696.00 | 23.8x | -3x | 2.5x |
| Fri, 12 Jul 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 23.8x | -3.3x | 2.5x |
| Sun, 09 Jun 2024 | CA$2.9b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.5x | 2.7x |
| Tue, 07 May 2024 | CA$3.0b | CA$1.1b | -CA$814,079,958.00 | 30.8x | -3.7x | 2.8x |
| Thu, 04 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.6x | 2.7x |
| Sat, 02 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Mon, 29 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.2x | 3.3x |
| Wed, 27 Dec 2023 | CA$3.4b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.9x | 3.2x |
| Fri, 24 Nov 2023 | CA$3.0b | CA$1.1b | -CA$387,943,395.00 | n/a | -7.7x | 2.8x |
| Sun, 22 Oct 2023 | CA$3.0b | CA$1.1b | -CA$232,577,395.00 | n/a | -12.7x | 2.7x |
| Tue, 19 Sep 2023 | CA$3.8b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.5x | 3.5x |
| Thu, 17 Aug 2023 | CA$3.8b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.4x | 3.5x |
| Sat, 15 Jul 2023 | CA$4.1b | CA$1.1b | -CA$1,035,067.00 | 34.4x | -3929.7x | 3.6x |
| Mon, 12 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 48.8x | -4283.6x | 3.9x |
| Wed, 10 May 2023 | CA$4.4b | CA$1.1b | CA$7.4m | 49x | 602.7x | 3.9x |
| Fri, 07 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.2x | 23.4x | 4x |
| Sun, 05 Mar 2023 | CA$5.8b | CA$1.1b | CA$262.3m | 10.7x | 22.2x | 5.1x |
| Tue, 31 Jan 2023 | CA$6.2b | CA$1.3b | CA$793.7m | 4.4x | 7.8x | 4.9x |
| Thu, 29 Dec 2022 | CA$5.0b | CA$1.3b | CA$793.7m | 4.2x | 6.3x | 4x |
| Sat, 26 Nov 2022 | CA$5.4b | CA$1.3b | CA$793.7m | 4.4x | 6.8x | 4.3x |
| Mon, 24 Oct 2022 | CA$5.5b | CA$1.2b | CA$935.3m | 5.7x | 5.9x | 4.5x |
Price to Earnings Ratio
5.9x
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 3.3x.
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 10% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | 0.50% | |
| Real Estate | -0.18% | |
| REITS | 0.29% | |
| Office REITs | -2.40% | |
| Retail REITs | 1.04% | |
| Diversified REITs | 0.29% | |
| Hotel and Resort REITs | 0% | 0 |
| Specialized REITs | -0.091% | |
| Industrial REITs | -0.36% | |
| Healthcare REITs | -0.60% | |
| Residential REITs | -1.86% | |
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 | |
|---|---|---|---|---|---|
| PINE.UN Pine Trail Real Estate Investment Trust | CA$0.045 | 28.6% +CA$354.4k | 50.0% | PB0.5x |