Narrative Update • May 18
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Indian (NIFTY) Office REITs Industry Analysis
UpdatedMay 28, 2026
DataAggregated Company Financials
Companies5
- 7D-0.1%
- 3M-4.1%
- 1Y11.8%
- YTD-2.6%
Over the last 7 days, the Office REITs industry has remained flat. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Indian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | ₹1.9t | ₹173.5b | ₹29.0b | 55.1x | 64x | 10.7x |
| Sat, 25 Apr 2026 | ₹1.5t | ₹143.6b | ₹21.2b | 67.2x | 69.6x | 10.3x |
| Mon, 23 Mar 2026 | ₹1.5t | ₹131.6b | ₹19.1b | 65x | 76.2x | 11.1x |
| Wed, 18 Feb 2026 | ₹1.6t | ₹131.6b | ₹19.1b | 69.5x | 81.9x | 11.9x |
| Fri, 16 Jan 2026 | ₹1.5t | ₹127.3b | ₹14.9b | 103.8x | 102.1x | 12x |
| Sun, 14 Dec 2025 | ₹1.5t | ₹127.3b | ₹14.9b | 98.8x | 99.6x | 11.7x |
| Tue, 11 Nov 2025 | ₹1.4t | ₹137.7b | ₹27.0b | 57.3x | 53.2x | 10.4x |
| Thu, 09 Oct 2025 | ₹1.4t | ₹136.2b | ₹25.1b | 86.9x | 56.6x | 10.4x |
| Sat, 06 Sep 2025 | ₹1.3t | ₹136.2b | ₹25.1b | 80.7x | 52.2x | 9.6x |
| Mon, 04 Aug 2025 | ₹816.3b | ₹93.8b | ₹22.6b | 52.8x | 36.1x | 8.7x |
| Wed, 02 Jul 2025 | ₹804.3b | ₹92.8b | ₹22.9b | 51.2x | 35.2x | 8.7x |
| Fri, 30 May 2025 | ₹795.9b | ₹92.8b | ₹22.9b | 50.7x | 34.8x | 8.6x |
| Sun, 27 Apr 2025 | ₹768.2b | ₹89.8b | ₹27.9b | 45.6x | 27.5x | 8.6x |
| Tue, 25 Mar 2025 | ₹733.4b | ₹89.8b | ₹27.9b | 42.6x | 26.3x | 8.2x |
| Thu, 20 Feb 2025 | ₹728.3b | ₹89.8b | ₹27.9b | 42.1x | 26.1x | 8.1x |
| Sat, 18 Jan 2025 | ₹719.9b | ₹87.8b | ₹28.6b | 44.1x | 25.2x | 8.2x |
| Mon, 16 Dec 2024 | ₹708.2b | ₹87.8b | ₹28.6b | 42.5x | 24.8x | 8.1x |
| Wed, 13 Nov 2024 | ₹733.3b | ₹87.9b | ₹28.4b | 44.3x | 25.8x | 8.3x |
| Fri, 11 Oct 2024 | ₹732.6b | ₹84.9b | ₹15.4b | 41.7x | 47.7x | 8.6x |
| Sun, 08 Sep 2024 | ₹702.7b | ₹84.9b | ₹15.4b | 41x | 45.8x | 8.3x |
| Tue, 06 Aug 2024 | ₹679.0b | ₹82.2b | ₹14.6b | 38.6x | 46.6x | 8.3x |
| Thu, 04 Jul 2024 | ₹664.4b | ₹81.5b | ₹15.1b | 37.7x | 43.9x | 8.2x |
| Sat, 01 Jun 2024 | ₹649.2b | ₹81.8b | ₹15.1b | 38.7x | 42.9x | 7.9x |
| Mon, 29 Apr 2024 | ₹664.2b | ₹78.6b | ₹13.8b | 55.5x | 48x | 8.5x |
| Wed, 27 Mar 2024 | ₹667.3b | ₹77.7b | ₹11.4b | 53.4x | 58.8x | 8.6x |
| Fri, 23 Feb 2024 | ₹648.1b | ₹75.3b | ₹11.3b | 53.5x | 57.6x | 8.6x |
| Sun, 21 Jan 2024 | ₹637.7b | ₹74.0b | ₹10.4b | 54.8x | 61.5x | 8.6x |
| Tue, 19 Dec 2023 | ₹607.1b | ₹74.0b | ₹10.4b | 53.2x | 58.5x | 8.2x |
| Thu, 16 Nov 2023 | ₹597.0b | ₹74.0b | ₹10.4b | 54x | 57.2x | 8.1x |
| Sat, 14 Oct 2023 | ₹577.7b | ₹73.0b | ₹9.1b | 62.8x | 63.4x | 7.9x |
| Mon, 11 Sep 2023 | ₹587.1b | ₹73.0b | ₹9.1b | 64.6x | 64.4x | 8x |
| Wed, 09 Aug 2023 | ₹575.6b | ₹72.8b | ₹9.9b | 61.7x | 58.4x | 7.9x |
| Fri, 07 Jul 2023 | ₹549.8b | ₹70.8b | ₹9.2b | 63.2x | 59.7x | 7.8x |
| Sun, 04 Jun 2023 | ₹555.1b | ₹70.9b | ₹9.2b | 62.7x | 60.3x | 7.8x |
Price to Earnings Ratio
60.3x
Current Industry PE
- Investors are optimistic on the Indian Office REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 64.0x which is higher than its 3-year average PE of 53.6x.
- The 3-year average PS ratio of 8.9x is lower than the industry's current PS ratio of 10.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 35% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Real Estate industry?
| IN Market | 2.07% | |
| Real Estate | 1.66% | |
| Office REITs | -0.11% | |
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 | |
|---|---|---|---|---|---|
| EMBASSY Embassy Office Parks REIT | ₹436.52 | 0.5% +₹2.0b | 13.9% | PB2x |