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Canadian (TSX) Office REITs Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies6
- 7D0.8%
- 3M-4.8%
- 1Y-2.9%
- YTDn/a
In the last week, Office REITs has been flat. Unfortunately though, the industry is down 3.2% over the past 12 months. Earnings are forecast to grow by 106% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | CA$3.0b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Sun, 19 Jan 2025 | CA$2.9b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.4x | 2.6x |
| Tue, 17 Dec 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Thu, 14 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,251,341,412.00 | 24.4x | -2.6x | 2.8x |
| Sat, 12 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.6x | 3x |
| Mon, 09 Sep 2024 | CA$2.9b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.1x | 2.6x |
| Wed, 07 Aug 2024 | CA$2.8b | CA$1.1b | -CA$801,444,696.00 | 28.5x | -3.5x | 2.6x |
| Fri, 05 Jul 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 38x | -3.3x | 2.5x |
| Sun, 02 Jun 2024 | CA$2.9b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Tue, 30 Apr 2024 | CA$3.0b | CA$1.1b | -CA$811,282,958.00 | 30.8x | -3.7x | 2.8x |
| Thu, 28 Mar 2024 | CA$3.0b | CA$1.1b | -CA$816,996,728.00 | n/a | -3.7x | 2.8x |
| Sat, 24 Feb 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Mon, 22 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.2x |
| Wed, 20 Dec 2023 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.9x | 3.2x |
| Fri, 17 Nov 2023 | CA$2.9b | CA$1.1b | -CA$387,943,395.00 | n/a | -7.6x | 2.7x |
| Sun, 15 Oct 2023 | CA$3.2b | CA$1.1b | -CA$232,577,395.00 | n/a | -13.7x | 2.9x |
| Tue, 12 Sep 2023 | CA$3.8b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.2x | 3.5x |
| Thu, 10 Aug 2023 | CA$4.0b | CA$1.1b | -CA$232,544,067.00 | n/a | -17.1x | 3.7x |
| Sat, 08 Jul 2023 | CA$4.0b | CA$1.1b | -CA$1,035,067.00 | 33.3x | -3872.6x | 3.6x |
| Mon, 05 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 49.1x | -4293x | 3.9x |
| Wed, 03 May 2023 | CA$4.3b | CA$1.2b | CA$58.3m | 16.3x | 74.1x | 3.7x |
| Fri, 31 Mar 2023 | CA$4.9b | CA$1.1b | CA$221.5m | 14.8x | 21.9x | 4.2x |
| Sun, 26 Feb 2023 | CA$5.9b | CA$1.2b | CA$371.8m | 7.1x | 16x | 5.1x |
| Tue, 24 Jan 2023 | CA$5.7b | CA$1.3b | CA$793.7m | 4.5x | 7.2x | 4.6x |
| Thu, 22 Dec 2022 | CA$5.1b | CA$1.3b | CA$793.7m | 4.1x | 6.4x | 4x |
| Sat, 19 Nov 2022 | CA$5.2b | CA$1.3b | CA$793.7m | 4.4x | 6.6x | 4.2x |
| Mon, 17 Oct 2022 | CA$5.4b | CA$1.2b | CA$935.3m | 5.5x | 5.7x | 4.3x |
| Wed, 14 Sep 2022 | CA$6.3b | CA$1.2b | CA$935.3m | 6.3x | 6.7x | 5.1x |
| Fri, 12 Aug 2022 | CA$6.6b | CA$1.2b | CA$957.3m | 6.4x | 6.9x | 5.3x |
| Sun, 10 Jul 2022 | CA$6.5b | CA$1.2b | CA$891.4m | 7x | 7.3x | 5.3x |
| Tue, 07 Jun 2022 | CA$7.3b | CA$1.2b | CA$891.4m | 7.8x | 8.1x | 5.8x |
| Thu, 05 May 2022 | CA$7.8b | CA$1.2b | CA$836.9m | 9.2x | 9.4x | 6.5x |
| Sat, 02 Apr 2022 | CA$8.9b | CA$1.2b | CA$726.5m | 11.5x | 12.2x | 7.4x |
| Mon, 28 Feb 2022 | CA$8.5b | CA$1.2b | CA$722.2m | 11x | 11.7x | 7x |
Price to Earnings Ratio
11.7x
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 3.9x is higher than the industry's current PS ratio of 2.6x.
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.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -0.52% | |
| Real Estate | -0.079% | |
| REITS | 2.92% | |
| Office REITs | 0.83% | |
| Healthcare REITs | 8.03% | |
| Diversified REITs | 2.92% | |
| Retail REITs | 1.27% | |
| Industrial REITs | 0.51% | |
| Specialized REITs | -1.15% | |
| Residential REITs | -2.24% | |
| Hotel and Resort REITs | -2.39% | |
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$17.08 | 0.8% +CA$19.6m | -4.0% | PB0.4x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$8.97 | 1.6% +CA$2.0m | 3.1% | PB0.3x | |
| RPR.UN Ravelin Properties REIT | CA$0.54 | 3.8% +CA$1.6m | -37.2% | PB0.3x | |
| D.UN Dream Office Real Estate Investment Trust | CA$18.51 | 0.3% +CA$816.9k | 14.8% | PB0.3x |