Have your own idea? Try our Stock Screener
Canadian (TSX) Office REITs Industry Analysis
UpdatedJul 01, 2025
DataAggregated Company Financials
Companies5
- 7D1.3%
- 3M0.6%
- 1Y8.9%
- YTDn/a
The Office REITs industry is up 1.3% in the last week, with Allied Properties Real Estate Investment Trust up 2.0%. This takes the industry's 12 month performance to a gain of 8.9%. Earnings are forecast to grow by 107% 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 |
|---|---|---|---|---|---|---|
| Wed, 02 Jul 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 32.7x | -4.4x | 3.1x |
| Fri, 30 May 2025 | CA$2.6b | CA$941.0m | -CA$660,529,770.00 | 26.4x | -4x | 2.8x |
| Sun, 27 Apr 2025 | CA$2.7b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.9x | 2.8x |
| Tue, 25 Mar 2025 | CA$2.9b | CA$1.1b | -CA$956,473,454.00 | 30.8x | -3.1x | 2.6x |
| Thu, 20 Feb 2025 | CA$2.9b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Sat, 18 Jan 2025 | CA$2.9b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.4x | 2.6x |
| Mon, 16 Dec 2024 | CA$3.0b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Wed, 13 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,251,341,412.00 | 24.4x | -2.6x | 2.8x |
| Fri, 11 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.7x | 3.1x |
| Sun, 08 Sep 2024 | CA$2.9b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.1x | 2.6x |
| Tue, 06 Aug 2024 | CA$2.8b | CA$1.1b | -CA$801,444,696.00 | 28.5x | -3.5x | 2.6x |
| Thu, 04 Jul 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 38x | -3.3x | 2.5x |
| Sat, 01 Jun 2024 | CA$2.9b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.5x | 2.7x |
| Mon, 29 Apr 2024 | CA$3.0b | CA$1.1b | -CA$811,282,958.00 | 30.8x | -3.7x | 2.8x |
| Wed, 27 Mar 2024 | CA$3.0b | CA$1.1b | -CA$816,996,728.00 | n/a | -3.6x | 2.7x |
| Fri, 23 Feb 2024 | CA$3.1b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.7x | 2.8x |
| Sun, 21 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.2x |
| Tue, 19 Dec 2023 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.9x | 3.2x |
| Thu, 16 Nov 2023 | CA$2.9b | CA$1.1b | -CA$334,856,395.00 | n/a | -8.7x | 2.7x |
| Sat, 14 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.7x | 2.9x |
| Mon, 11 Sep 2023 | CA$3.7b | CA$1.1b | -CA$232,577,395.00 | n/a | -15.8x | 3.4x |
| Wed, 09 Aug 2023 | CA$4.0b | CA$1.1b | -CA$232,544,067.00 | n/a | -17.2x | 3.7x |
| Fri, 07 Jul 2023 | CA$4.0b | CA$1.1b | -CA$1,035,067.00 | 33.4x | -3860.3x | 3.5x |
| Sun, 04 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 49.1x | -4292.4x | 3.9x |
| Tue, 02 May 2023 | CA$4.4b | CA$1.2b | CA$91.4m | 16.8x | 48.5x | 3.8x |
| Thu, 30 Mar 2023 | CA$4.9b | CA$1.1b | CA$221.5m | 14.8x | 22x | 4.2x |
| Sat, 25 Feb 2023 | CA$5.9b | CA$1.2b | CA$371.8m | 7.1x | 16x | 5.1x |
| Mon, 23 Jan 2023 | CA$5.7b | CA$1.3b | CA$793.7m | 4.4x | 7.1x | 4.5x |
| Wed, 21 Dec 2022 | CA$5.0b | CA$1.3b | CA$793.7m | 4.2x | 6.3x | 4x |
| Fri, 18 Nov 2022 | CA$5.2b | CA$1.3b | CA$793.7m | 4.4x | 6.5x | 4.1x |
| Sun, 16 Oct 2022 | CA$5.4b | CA$1.2b | CA$935.3m | 5.5x | 5.7x | 4.3x |
| Tue, 13 Sep 2022 | CA$6.3b | CA$1.2b | CA$935.3m | 6.3x | 6.7x | 5.1x |
| Thu, 11 Aug 2022 | CA$6.6b | CA$1.2b | CA$957.3m | 6.3x | 6.9x | 5.3x |
| Sat, 09 Jul 2022 | CA$6.5b | CA$1.2b | CA$891.4m | 7x | 7.3x | 5.3x |
Price to Earnings Ratio
7.3x
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 3.4x.
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 8.9% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | 0.87% | |
| Real Estate | 0.12% | |
| REITS | -1.35% | |
| Office REITs | 1.28% | |
| Specialized REITs | 1.41% | |
| Retail REITs | 0.97% | |
| Industrial REITs | 0.90% | |
| Residential REITs | 0.53% | |
| Hotel and Resort REITs | -0.27% | |
| Healthcare REITs | -0.80% | |
| Diversified REITs | -1.35% | |
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$17.16 | 2.0% +CA$47.5m | 9.6% | PB0.4x | |
| D.UN Dream Office Real Estate Investment Trust | CA$16.27 | 6.0% +CA$15.0m | -12.1% | PB0.3x |