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Canadian (TSX) Office REITs Industry Analysis
UpdatedMay 31, 2025
DataAggregated Company Financials
Companies5
- 7D5.3%
- 3M-6.6%
- 1Y-7.0%
- YTDn/a
All of the companies in the Office REITs industry have been up over the last week, with the industry up 6.2%. In contrast, the industry has lost 5.1% in the last 12 months. Earnings are forecast to grow by 111% 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 |
|---|---|---|---|---|---|---|
| Sat, 31 May 2025 | CA$2.7b | CA$941.0m | -CA$660,526,611.00 | 24.5x | -4.1x | 2.9x |
| Mon, 28 Apr 2025 | CA$2.7b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.9x | 2.8x |
| Wed, 26 Mar 2025 | CA$3.0b | CA$1.1b | -CA$956,473,454.00 | 30.8x | -3.1x | 2.6x |
| 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 |
Price to Earnings Ratio
8.1x
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 3.5x 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 8.8% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | 0.93% | |
| Real Estate | 3.35% | |
| REITS | 4.19% | |
| Office REITs | 5.28% | |
| Residential REITs | 8.48% | |
| Industrial REITs | 4.81% | |
| Diversified REITs | 4.19% | |
| Healthcare REITs | 2.34% | |
| Retail REITs | 2.09% | |
| Specialized REITs | 1.11% | |
| Hotel and Resort REITs | -12.00% | |
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$15.78 | 5.1% +CA$107.6m | -6.6% | PB0.4x | |
| D.UN Dream Office Real Estate Investment Trust | CA$15.73 | 9.3% +CA$21.9m | -13.7% | PB0.2x | |
| INO.UN Inovalis Real Estate Investment Trust | CA$1.00 | 3.1% +CA$996.2k | -5.7% | PB0.2x |