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U.S. Office REITs Industry Analysis

UpdatedMay 30, 2025
DataAggregated Company Financials
Companies24
  • 7D5.0%
  • 3M-5.9%
  • 1Y15.1%
  • YTD-10.6%

The Office REITs industry is up 5.0% in the last week, with BXP up 6.5%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 May 2025US$52.2bUS$16.3b-US$756,442,000.0046x-68.9x3.2x
Sun, 27 Apr 2025US$47.7bUS$15.6b-US$803,052,000.0064.8x-59.5x3.1x
Tue, 25 Mar 2025US$51.0bUS$15.7b-US$740,439,200.0068.8x-68.9x3.2x
Thu, 20 Feb 2025US$53.4bUS$15.3b-US$954,119,000.00110.7x-55.9x3.5x
Sat, 18 Jan 2025US$54.5bUS$15.7b-US$817,078,000.0028.1x-66.7x3.5x
Mon, 16 Dec 2024US$59.1bUS$15.7b-US$817,078,000.0030.7x-72.3x3.8x
Wed, 13 Nov 2024US$61.8bUS$15.7b-US$741,330,000.0042.9x-83.4x3.9x
Fri, 11 Oct 2024US$58.5bUS$15.8b-US$1,012,639,000.0073.4x-57.8x3.7x
Sun, 08 Sep 2024US$54.3bUS$15.8b-US$1,012,639,000.0070.3x-53.6x3.4x
Tue, 06 Aug 2024US$51.0bUS$15.8b-US$1,441,374,000.0061.6x-35.4x3.2x
Thu, 04 Jul 2024US$46.2bUS$15.8b-US$1,919,252,000.0048.5x-24.1x2.9x
Sat, 01 Jun 2024US$64.7bUS$18.6b-US$1,735,178,000.0049.6x-37.3x3.5x
Mon, 29 Apr 2024US$66.2bUS$18.5b-US$1,644,463,000.0050.8x-40.3x3.6x
Wed, 27 Mar 2024US$69.5bUS$18.5b-US$1,697,603,000.0050.4x-41x3.8x
Fri, 23 Feb 2024US$68.3bUS$18.2b-US$1,782,655,000.0039.5x-38.3x3.7x
Sun, 21 Jan 2024US$68.9bUS$17.8b-US$1,303,625,000.0040.3x-52.9x3.9x
Tue, 19 Dec 2023US$74.8bUS$17.8b-US$1,303,625,000.0041.3x-57.4x4.2x
Thu, 16 Nov 2023US$60.5bUS$17.8b-US$1,286,439,000.0035x-47.1x3.4x
Sat, 14 Oct 2023US$57.5bUS$18.1bUS$40.9m21.4x1408.4x3.2x
Mon, 11 Sep 2023US$64.7bUS$18.1bUS$40.9m25.7x1583.2x3.6x
Wed, 09 Aug 2023US$69.3bUS$18.1bUS$569.2m24.1x121.8x3.8x
Fri, 07 Jul 2023US$62.4bUS$18.0bUS$1.3b20.4x47x3.5x
Sun, 04 Jun 2023US$58.3bUS$18.0bUS$1.3b19.1x44x3.2x
Tue, 02 May 2023US$60.2bUS$18.1bUS$1.5b21.6x40.3x3.3x
Thu, 30 Mar 2023US$61.2bUS$18.1bUS$1.7b19.8x35.4x3.4x
Price to Earnings Ratio

35.4x


Total Market Cap: US$61.2bTotal 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 127.9x20242025
Current Industry PE
  • Investors are relatively neutral on the American 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 3.5x.
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 3.4% per year, which is driving profits down.

Industry Trends

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

US Market1.15%
Real Estate2.53%
Office REITs5.01%
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
BXP BXPUS$68.856.5%
+US$668.1m
18.3%PB2x
VNO Vornado Realty TrustUS$38.664.0%
+US$286.0m
62.2%PB1.8x
CUZ Cousins PropertiesUS$28.356.1%
+US$273.7m
25.1%PB1x
SLG SL Green RealtyUS$58.115.2%
+US$204.5m
12.7%PB1.1x
KRC Kilroy RealtyUS$32.894.4%
+US$163.2m
0.6%PB0.7x
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Latest News

KRC

US$32.89

Kilroy Realty

7D

4.4%

1Y

0.6%

SLG

US$58.11

SL Green Realty

7D

5.2%

1Y

12.7%

CUZ

US$28.35

Cousins Properties

7D

6.1%

1Y

25.1%

ESRT

US$7.84

Empire State Realty Trust

7D

7.8%

1Y

-14.9%

HIW

US$30.15

Highwoods Properties

7D

4.0%

1Y

19.7%

PDM

US$7.25

Piedmont Office Realty Trust

7D

12.4%

1Y

0.8%

BXP

US$68.85

BXP

7D

6.5%

1Y

18.3%