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Canadian (TSX) Office REITs Industry Analysis
UpdatedApr 24, 2026
DataAggregated Company Financials
Companies5
- 7D-5.5%
- 3M-24.6%
- 1Y-29.4%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 5.5%, driven by Allied Properties Real Estate Investment Trust declining 6.4%. The industry has fallen 29% in the last year. As for the next few years, earnings are expected to grow by 137% 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, 24 Apr 2026 | CA$2.5b | CA$894.7m | -CA$1,576,135,738.00 | 24.2x | -1.6x | 2.8x |
| Sun, 22 Mar 2026 | CA$2.2b | CA$896.1m | -CA$1,555,298,738.00 | 27.7x | -1.4x | 2.5x |
| Tue, 17 Feb 2026 | CA$2.4b | CA$895.5m | -CA$1,549,194,738.00 | 31.1x | -1.5x | 2.6x |
| Thu, 15 Jan 2026 | CA$3.3b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.8x | 3x |
| Sat, 13 Dec 2025 | CA$3.0b | CA$1.1b | -CA$882,904,738.00 | 31.1x | -3.4x | 2.7x |
| Mon, 10 Nov 2025 | CA$3.2b | CA$1.1b | -CA$868,828,386.00 | 48.9x | -3.6x | 2.9x |
| Wed, 08 Oct 2025 | CA$3.7b | CA$904.8m | -CA$798,676,386.00 | 38x | -4.6x | 4.1x |
| Fri, 05 Sep 2025 | CA$3.1b | CA$904.8m | -CA$798,676,386.00 | 38x | -3.9x | 3.4x |
| Sun, 03 Aug 2025 | CA$2.9b | CA$938.2m | -CA$783,328,611.00 | 28.6x | -3.7x | 3.1x |
| Tue, 01 Jul 2025 | CA$2.9b | CA$940.5m | -CA$660,526,611.00 | 32.7x | -4.4x | 3.1x |
| Thu, 29 May 2025 | CA$2.6b | CA$941.0m | -CA$660,529,770.00 | 26.4x | -4x | 2.8x |
| Sat, 26 Apr 2025 | CA$2.6b | CA$948.2m | -CA$537,515,454.00 | 30.8x | -4.9x | 2.8x |
| Mon, 24 Mar 2025 | CA$2.9b | CA$1.1b | -CA$956,473,454.00 | 30.8x | -3.1x | 2.6x |
| Wed, 19 Feb 2025 | CA$2.9b | CA$1.1b | -CA$970,573,454.00 | 30.8x | -3x | 2.6x |
| Fri, 17 Jan 2025 | CA$2.9b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.4x | 2.6x |
| Sun, 15 Dec 2024 | CA$3.1b | CA$1.1b | -CA$1,212,261,454.00 | 30.8x | -2.5x | 2.7x |
| Tue, 12 Nov 2024 | CA$3.2b | CA$1.1b | -CA$1,251,341,412.00 | 28.5x | -2.6x | 2.8x |
| Thu, 10 Oct 2024 | CA$3.4b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.7x | 3.1x |
| Sat, 07 Sep 2024 | CA$2.9b | CA$1.1b | -CA$935,578,412.00 | 20.3x | -3.1x | 2.6x |
| Mon, 05 Aug 2024 | CA$2.8b | CA$1.1b | -CA$801,444,696.00 | 28.5x | -3.5x | 2.6x |
| Wed, 03 Jul 2024 | CA$2.7b | CA$1.1b | -CA$820,658,696.00 | 38x | -3.2x | 2.5x |
| Fri, 31 May 2024 | CA$2.9b | CA$1.1b | -CA$820,649,958.00 | 26.9x | -3.5x | 2.7x |
| Sun, 28 Apr 2024 | CA$3.0b | CA$1.1b | -CA$811,282,958.00 | 30.8x | -3.7x | 2.8x |
| Tue, 26 Mar 2024 | CA$3.0b | CA$1.1b | -CA$816,996,728.00 | n/a | -3.6x | 2.7x |
| Thu, 22 Feb 2024 | CA$3.1b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.7x | 2.8x |
| Sat, 20 Jan 2024 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.2x |
| Mon, 18 Dec 2023 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -8.9x | 3.2x |
| Wed, 15 Nov 2023 | CA$2.9b | CA$1.1b | -CA$270,742,395.00 | n/a | -10.6x | 2.6x |
| Fri, 13 Oct 2023 | CA$3.3b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.1x | 3x |
| Sun, 10 Sep 2023 | CA$3.7b | CA$1.1b | -CA$232,577,395.00 | n/a | -15.8x | 3.4x |
| Tue, 08 Aug 2023 | CA$4.0b | CA$1.1b | -CA$248,307,067.00 | n/a | -16.2x | 3.7x |
| Thu, 06 Jul 2023 | CA$4.1b | CA$1.1b | -CA$1,035,067.00 | 33.8x | -3941.9x | 3.6x |
| Sat, 03 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 49.1x | -4292.4x | 3.9x |
| Mon, 01 May 2023 | CA$4.5b | CA$1.2b | CA$91.4m | 17.1x | 48.8x | 3.8x |
Price to Earnings Ratio
48.8x
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 3.0x.
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 8.5% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | -0.32% | |
| Real Estate | -1.24% | |
| REITS | 0.51% | |
| Office REITs | -5.55% | |
| Hotel and Resort REITs | 2.99% | |
| Specialized REITs | 0.87% | |
| Diversified REITs | 0.51% | |
| Industrial REITs | -0.13% | |
| Residential REITs | -0.59% | |
| Retail REITs | -1.43% | |
| Healthcare REITs | -3.61% | |
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 | |
|---|---|---|---|---|---|
| INO.UN Inovalis Real Estate Investment Trust | CA$0.85 | 3.7% +CA$1.0m | -1.2% | PB0.2x |