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U.S. Office REITs Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.9%
  • 3M-13.0%
  • 1Y-19.6%
  • YTD-9.4%

Over the last 7 days, the Office REITs industry has dropped 3.7%, driven by a pullback from BXP of 7.1%. In contrast, SL Green Realty has gained 6.5%. The industry has fallen 24% in the last year. In the next few years, earnings are forecast to decline by 22% annually.

Industry Valuation and Performance

Has the U.S. Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026US$42.1bUS$15.5b-US$42,278,000.0028.3x-995.5x2.7x
Sat, 31 Jan 2026US$46.6bUS$15.7b-US$36,754,000.0034.7x-1266.7x3x
Mon, 29 Dec 2025US$48.4bUS$15.7b-US$388,502,000.0031.5x-124.6x3.1x
Wed, 26 Nov 2025US$52.3bUS$16.4b-US$485,906,000.0033.8x-107.5x3.2x
Fri, 24 Oct 2025US$55.0bUS$16.2b-US$629,934,000.0041.9x-87.4x3.4x
Sun, 21 Sep 2025US$59.0bUS$16.2b-US$807,521,000.0037.9x-73x3.6x
Tue, 19 Aug 2025US$53.2bUS$16.2b-US$807,521,000.0035.5x-65.9x3.3x
Thu, 17 Jul 2025US$55.7bUS$16.3b-US$756,442,000.0050.4x-73.6x3.4x
Sat, 14 Jun 2025US$56.8bUS$16.3b-US$756,442,000.0047.2x-75.1x3.5x
Mon, 12 May 2025US$50.9bUS$16.3b-US$685,513,000.0045.8x-74.2x3.1x
Wed, 09 Apr 2025US$44.7bUS$15.7b-US$740,439,200.0062.8x-60.3x2.8x
Fri, 07 Mar 2025US$52.1bUS$15.7b-US$782,774,200.0067.3x-66.6x3.3x
Sun, 02 Feb 2025US$55.8bUS$15.4b-US$1,011,923,000.0066.8x-55.1x3.6x
Tue, 31 Dec 2024US$55.8bUS$15.7b-US$817,078,000.0028.8x-68.3x3.6x
Thu, 28 Nov 2024US$62.3bUS$15.7b-US$817,078,000.0044x-76.3x4x
Sat, 26 Oct 2024US$63.0bUS$15.7b-US$1,208,233,000.0076.3x-52.1x4x
Mon, 23 Sep 2024US$58.9bUS$15.8b-US$1,012,639,000.0075.3x-58.2x3.7x
Wed, 21 Aug 2024US$53.4bUS$15.8b-US$1,012,639,000.0066.2x-52.7x3.4x
Fri, 19 Jul 2024US$50.9bUS$15.6b-US$1,561,190,000.0052.5x-32.6x3.3x
Sun, 16 Jun 2024US$45.8bUS$15.8b-US$1,919,252,000.0048.9x-23.9x2.9x
Tue, 14 May 2024US$67.9bUS$18.6b-US$1,839,591,000.0051.3x-36.9x3.6x
Thu, 11 Apr 2024US$71.7bUS$18.5b-US$1,704,925,000.0050.6x-42x3.9x
Sat, 09 Mar 2024US$70.0bUS$18.5b-US$1,715,022,000.0052.8x-40.8x3.8x
Mon, 05 Feb 2024US$67.6bUS$17.9b-US$1,725,709,000.0038.3x-39.2x3.8x
Wed, 03 Jan 2024US$74.0bUS$17.8b-US$1,303,625,000.0042.5x-56.8x4.2x
Fri, 01 Dec 2023US$61.8bUS$17.8b-US$1,303,625,000.0035.3x-47.4x3.5x
Sun, 29 Oct 2023US$53.7bUS$18.1b-US$684,373,000.0025.7x-78.5x3x
Tue, 26 Sep 2023US$60.3bUS$18.1bUS$40.9m22.5x1477x3.3x
Thu, 24 Aug 2023US$66.1bUS$18.1bUS$40.9m28.1x1617.1x3.7x
Sat, 22 Jul 2023US$67.0bUS$18.0bUS$1.0b21x66.9x3.7x
Mon, 19 Jun 2023US$61.7bUS$18.0bUS$1.3b19.1x46.5x3.4x
Wed, 17 May 2023US$56.0bUS$18.0bUS$1.3b18.1x42.2x3.1x
Fri, 14 Apr 2023US$60.1bUS$18.1bUS$1.7b19.4x34.9x3.3x
Price to Earnings Ratio

35.9x


Total Market Cap: US$62.9bTotal Earnings: US$1.7bTotal Revenue: US$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Office REITs Industry Price to Earnings3Y Average 84.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American 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 3.4x is higher than the industry's current PS ratio of 2.7x.
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 4.6% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market-1.22%
Real Estate0.51%
Office REITs-0.87%
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?

CompanyLast Price7D1YValuation
SLG SL Green RealtyUS$40.978.4%
+US$224.5m
-33.7%PB0.8x
CUZ Cousins PropertiesUS$24.072.4%
+US$95.7m
-19.2%PB0.9x
CDP COPT Defense PropertiesUS$32.622.4%
+US$88.0m
20.8%PB2.4x
HPP Hudson Pacific PropertiesUS$7.6219.8%
+US$68.2m
-66.0%PB0.2x
NLOP Net Lease Office PropertiesUS$14.637.1%
+US$14.4m
-54.4%PB0.7x

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