Canadian (TSX) Office REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies6
- 7D3.3%
- 3M1.1%
- 1Y-25.7%
- YTDn/a
The Office REITs industry has stayed flat over the last week. As for the longer term, the industry has declined 29% in the last year. Earnings are forecast to grow by 100% 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, 26 Jul 2024 | CA$3.0b | CA$1.1b | -CA$820,658,696.00 | 33.3x | -3.7x | 2.8x |
| Sun, 23 Jun 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 28.5x | -3.3x | 2.5x |
| Tue, 21 May 2024 | CA$3.0b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.6x | 2.7x |
| Thu, 18 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.5x | 2.7x |
| Sat, 16 Mar 2024 | CA$2.9b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Mon, 12 Feb 2024 | CA$3.1b | CA$1.1b | -CA$905,307,728.00 | n/a | -3.4x | 2.8x |
| Wed, 10 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.3x | 3.4x |
| Fri, 08 Dec 2023 | CA$3.2b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.3x | 3x |
| Sun, 05 Nov 2023 | CA$3.2b | CA$1.1b | -CA$256,254,395.00 | n/a | -12.4x | 2.9x |
| Tue, 03 Oct 2023 | CA$3.3b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.1x | 3x |
| Thu, 31 Aug 2023 | CA$3.9b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.9x | 3.6x |
| Sat, 29 Jul 2023 | CA$4.1b | CA$1.1b | -CA$90,056,067.00 | 31.9x | -45.4x | 3.7x |
| Mon, 26 Jun 2023 | CA$3.8b | CA$1.1b | -CA$1,035,067.00 | 31.7x | -3694.3x | 3.4x |
| Wed, 24 May 2023 | CA$4.5b | CA$1.1b | -CA$1,019,529.00 | 49.1x | -4365.4x | 4x |
| Fri, 21 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.2x | 23.8x | 4x |
| Sun, 19 Mar 2023 | CA$1.4b | CA$598.3m | CA$63.6m | 15x | 22.1x | 2.3x |
| Tue, 14 Feb 2023 | CA$6.0b | CA$1.2b | CA$472.3m | 4.4x | 12.6x | 5.1x |
| Thu, 12 Jan 2023 | CA$5.6b | CA$1.3b | CA$793.7m | 4.3x | 7x | 4.4x |
| Sat, 10 Dec 2022 | CA$5.2b | CA$1.3b | CA$793.7m | 4.2x | 6.6x | 4.2x |
| Mon, 07 Nov 2022 | CA$5.2b | CA$1.3b | CA$811.0m | 5.6x | 6.4x | 4.2x |
| Wed, 05 Oct 2022 | CA$5.6b | CA$1.2b | CA$935.3m | 5.7x | 5.9x | 4.5x |
| Fri, 02 Sep 2022 | CA$6.0b | CA$1.2b | CA$935.3m | 6x | 6.4x | 4.8x |
| Sun, 31 Jul 2022 | CA$6.7b | CA$1.3b | CA$890.8m | 7.3x | 7.5x | 5.4x |
| Tue, 28 Jun 2022 | CA$6.6b | CA$1.2b | CA$891.4m | 7.2x | 7.4x | 5.3x |
| Thu, 26 May 2022 | CA$7.4b | CA$1.2b | CA$891.4m | 7.9x | 8.3x | 6x |
| Sat, 23 Apr 2022 | CA$8.4b | CA$1.2b | CA$726.5m | 11.2x | 11.6x | 7x |
| Mon, 21 Mar 2022 | CA$9.2b | CA$1.2b | CA$732.8m | 11.7x | 12.6x | 7.7x |
| Wed, 16 Feb 2022 | CA$8.3b | CA$1.2b | CA$703.8m | 11.6x | 11.7x | 6.9x |
| Fri, 14 Jan 2022 | CA$8.4b | CA$1.2b | CA$627.7m | 12.4x | 13.3x | 7x |
| Sun, 12 Dec 2021 | CA$8.1b | CA$1.2b | CA$627.7m | 12.1x | 12.9x | 6.8x |
| Tue, 09 Nov 2021 | CA$8.2b | CA$1.2b | CA$600.0m | 16.1x | 13.6x | 6.9x |
| Thu, 07 Oct 2021 | CA$7.9b | CA$1.2b | CA$510.5m | 17.6x | 15.4x | 6.7x |
| Sat, 04 Sep 2021 | CA$8.0b | CA$1.2b | CA$510.5m | 18x | 15.7x | 6.8x |
| Mon, 02 Aug 2021 | CA$8.3b | CA$1.2b | CA$510.5m | 18.6x | 16.2x | 7x |
Price to Earnings Ratio
16.2x
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 4.6x is higher than the industry's current PS ratio of 2.8x.
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 2.9% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -0.31% | |
| Real Estate | 2.93% | |
| REITS | 1.95% | |
| Office REITs | 3.27% | |
| Healthcare REITs | 5.13% | |
| Residential REITs | 2.46% | |
| Retail REITs | 2.27% | |
| Diversified REITs | 1.95% | |
| Specialized REITs | 1.49% | |
| Industrial REITs | 0.062% | |
| Hotel and Resort REITs | -0.95% | |
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$17.56 | 2.6% +CA$61.5m | -18.9% | PB0.4x | |
| D.UN Dream Office Real Estate Investment Trust | CA$19.38 | 5.5% +CA$16.5m | -29.9% | PB0.3x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$9.16 | 5.8% +CA$7.3m | -41.4% | PB0.3x | |
| SOT.UN Slate Office REIT | CA$0.33 | 20.0% +CA$4.4m | -82.5% | PB0.05x | |
| INO.UN Inovalis Real Estate Investment Trust | CA$1.20 | 7.1% +CA$2.6m | -68.3% | PB0.2x |