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U.S. Office REITs Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies24
- 7D1.6%
- 3M-0.3%
- 1Y-14.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has risen 1.6%, driven by gains from BXP of 3.9%. During this same period, the Douglas Emmett underperformed, falling 6.5%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to decline by 9.5% per year.
Industry Valuation and Performance
Has the U.S. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 12 Nov 2025 | US$53.9b | US$16.4b | -US$537,335,000.00 | 35.6x | -100.4x | 3.3x |
| Fri, 10 Oct 2025 | US$56.3b | US$16.2b | -US$807,521,000.00 | 35.9x | -69.7x | 3.5x |
| Sun, 07 Sep 2025 | US$58.1b | US$16.2b | -US$807,521,000.00 | 38.6x | -72x | 3.6x |
| Tue, 05 Aug 2025 | US$52.4b | US$16.3b | -US$1,119,665,000.00 | 49.2x | -46.8x | 3.2x |
| Thu, 03 Jul 2025 | US$54.8b | US$16.3b | -US$756,442,000.00 | 49.4x | -72.4x | 3.4x |
| Sat, 31 May 2025 | US$52.9b | US$16.3b | -US$756,442,000.00 | 45x | -69.9x | 3.2x |
| Mon, 28 Apr 2025 | US$47.4b | US$15.6b | -US$803,052,000.00 | 64.8x | -59.1x | 3x |
| Wed, 26 Mar 2025 | US$52.1b | US$15.7b | -US$740,439,200.00 | 68.9x | -70.4x | 3.3x |
| Fri, 21 Feb 2025 | US$52.9b | US$15.2b | -US$991,574,000.00 | 110.7x | -53.4x | 3.5x |
| Sun, 19 Jan 2025 | US$55.1b | US$15.7b | -US$817,078,000.00 | 28.1x | -67.4x | 3.5x |
| Tue, 17 Dec 2024 | US$59.1b | US$15.7b | -US$817,078,000.00 | 30.8x | -72.3x | 3.8x |
| Thu, 14 Nov 2024 | US$59.5b | US$15.7b | -US$802,091,000.00 | 42.8x | -74.2x | 3.8x |
| Sat, 12 Oct 2024 | US$58.5b | US$15.8b | -US$1,012,639,000.00 | 74x | -57.7x | 3.7x |
| Mon, 09 Sep 2024 | US$54.3b | US$15.8b | -US$1,012,639,000.00 | 70.3x | -53.6x | 3.4x |
| Wed, 07 Aug 2024 | US$50.4b | US$15.9b | -US$1,452,491,000.00 | 64.4x | -34.7x | 3.2x |
| Fri, 05 Jul 2024 | US$46.2b | US$15.8b | -US$1,919,252,000.00 | 48.5x | -24.1x | 2.9x |
| Sun, 02 Jun 2024 | US$66.4b | US$18.6b | -US$1,735,178,000.00 | 49.6x | -38.3x | 3.6x |
| Tue, 30 Apr 2024 | US$66.2b | US$18.5b | -US$1,644,463,000.00 | 51.9x | -40.3x | 3.6x |
| Thu, 28 Mar 2024 | US$70.1b | US$18.5b | -US$1,697,603,000.00 | 52.1x | -41.3x | 3.8x |
| Sat, 24 Feb 2024 | US$67.9b | US$18.4b | -US$1,564,160,000.00 | 39.3x | -43.4x | 3.7x |
| Mon, 22 Jan 2024 | US$70.7b | US$17.8b | -US$1,303,625,000.00 | 40.3x | -54.2x | 4x |
| Wed, 20 Dec 2023 | US$74.0b | US$17.8b | -US$1,303,625,000.00 | 41.3x | -56.7x | 4.2x |
| Fri, 17 Nov 2023 | US$59.4b | US$17.8b | -US$1,305,309,000.00 | 34x | -45.5x | 3.3x |
| Sun, 15 Oct 2023 | US$57.5b | US$18.1b | US$40.9m | 21.4x | 1408x | 3.2x |
| Tue, 12 Sep 2023 | US$66.7b | US$18.1b | US$40.9m | 25.7x | 1631.9x | 3.7x |
| Thu, 10 Aug 2023 | US$67.9b | US$18.1b | US$93.2m | 28.5x | 728.3x | 3.8x |
| Sat, 08 Jul 2023 | US$63.8b | US$18.0b | US$1.3b | 21x | 48.1x | 3.5x |
| Mon, 05 Jun 2023 | US$58.4b | US$18.0b | US$1.3b | 19.1x | 44x | 3.2x |
| Wed, 03 May 2023 | US$58.7b | US$18.1b | US$1.4b | 21x | 42.1x | 3.2x |
| Fri, 31 Mar 2023 | US$61.8b | US$18.1b | US$1.7b | 20.2x | 35.7x | 3.4x |
| Sun, 26 Feb 2023 | US$76.5b | US$18.0b | US$1.7b | 24.3x | 45.3x | 4.2x |
| Tue, 24 Jan 2023 | US$79.9b | US$17.8b | US$2.8b | 34.7x | 28.2x | 4.5x |
| Thu, 22 Dec 2022 | US$75.4b | US$17.8b | US$2.8b | 33.6x | 26.7x | 4.2x |
| Sat, 19 Nov 2022 | US$79.0b | US$17.8b | US$2.8b | 35.7x | 27.9x | 4.4x |
Price to Earnings Ratio
27.9x
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 3.6x.
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 2.8% per year, which is driving profits down.
Industry Comparison
How does U.S. Office REITs compare with similar industries?
| US Market | 0.93% | |
| Real Estate | 1.88% | |
| REITS | 2.87% | |
| Office REITs | 1.56% | |
| Hotel and Resort REITs | 8.86% | |
| Healthcare REITs | 3.00% | |
| Diversified REITs | 2.87% | |
| Specialized REITs | 2.80% | |
| Residential REITs | 2.04% | |
| Retail REITs | 1.86% | |
| Industrial REITs | 1.32% | |
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 | |
|---|---|---|---|---|---|
| BXP BXP | US$72.42 | 3.9% +US$431.0m | -8.4% | PB2.3x | |
| VNO Vornado Realty Trust | US$36.31 | 2.1% +US$146.0m | -13.7% | PB1.4x | |
| CUZ Cousins Properties | US$26.18 | 2.6% +US$110.9m | -15.8% | PB0.9x | |
| HIW Highwoods Properties | US$29.25 | 2.7% +US$85.7m | -9.4% | PB1.4x | |
| PKST Peakstone Realty Trust | US$15.02 | 15.8% +US$75.4m | 13.0% | PB0.7x |