Narrative Update • Jun 22
Have your own idea? Try our Stock Screener
U.S. Office REITs Industry Analysis
UpdatedJun 29, 2026
DataAggregated Company Financials
Companies21
- 7D4.1%
- 3M34.2%
- 1Y-2.3%
- YTDn/a
In the last week, the Office REITs industry is up 4.1%, with BXP up 3.8%. In the same time, Franklin Street Properties was down 12%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to decline by 2.2% 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 |
|---|---|---|---|---|---|---|
| Mon, 29 Jun 2026 | US$51.6b | US$15.3b | -US$347,311,000.00 | 30.1x | -148.5x | 3.4x |
| Wed, 27 May 2026 | US$45.3b | US$15.3b | -US$347,317,000.00 | 28.8x | -130.4x | 3x |
| Fri, 24 Apr 2026 | US$43.7b | US$15.4b | -US$146,316,000.00 | 28.2x | -298.4x | 2.8x |
| Sun, 22 Mar 2026 | US$39.3b | US$15.4b | -US$23,876,000.00 | 26.5x | -1646x | 2.5x |
| Tue, 17 Feb 2026 | US$44.0b | US$15.8b | US$66.8m | 32.9x | 658.9x | 2.8x |
| Thu, 15 Jan 2026 | US$48.2b | US$15.5b | -US$259,532,000.00 | 30x | -185.7x | 3.1x |
| Sat, 13 Dec 2025 | US$51.4b | US$16.4b | -US$485,906,000.00 | 33.9x | -105.8x | 3.1x |
| Mon, 10 Nov 2025 | US$53.9b | US$16.2b | -US$537,342,000.00 | 35.6x | -100.4x | 3.3x |
| Wed, 08 Oct 2025 | US$57.4b | US$16.2b | -US$807,521,000.00 | 36.8x | -71.1x | 3.5x |
| Fri, 05 Sep 2025 | US$57.4b | US$16.2b | -US$807,521,000.00 | 38.3x | -71.1x | 3.5x |
| Sun, 03 Aug 2025 | US$52.4b | US$16.3b | -US$1,119,630,000.00 | 48.8x | -46.8x | 3.2x |
| Tue, 01 Jul 2025 | US$54.8b | US$16.3b | -US$756,442,000.00 | 47.6x | -72.4x | 3.4x |
| Thu, 29 May 2025 | US$52.0b | US$16.3b | -US$756,442,000.00 | 45x | -68.7x | 3.2x |
| Sat, 26 Apr 2025 | US$47.7b | US$15.6b | -US$803,052,000.00 | 64.8x | -59.4x | 3.1x |
| Mon, 24 Mar 2025 | US$51.0b | US$15.7b | -US$740,439,200.00 | 68x | -68.9x | 3.2x |
| Wed, 19 Feb 2025 | US$53.4b | US$15.3b | -US$954,119,000.00 | 110.7x | -55.9x | 3.5x |
| Fri, 17 Jan 2025 | US$54.4b | US$15.7b | -US$817,078,000.00 | 28x | -66.5x | 3.5x |
| Sun, 15 Dec 2024 | US$59.1b | US$15.7b | -US$817,078,000.00 | 30.7x | -72.3x | 3.8x |
| Tue, 12 Nov 2024 | US$62.4b | US$16.0b | -US$741,135,000.00 | 43.6x | -84.2x | 3.9x |
| Thu, 10 Oct 2024 | US$58.0b | US$15.8b | -US$1,012,639,000.00 | 73.7x | -57.2x | 3.7x |
| Sat, 07 Sep 2024 | US$54.3b | US$15.8b | -US$1,012,639,000.00 | 70.3x | -53.6x | 3.4x |
| Mon, 05 Aug 2024 | US$51.0b | US$15.8b | -US$1,441,374,000.00 | 62.8x | -35.4x | 3.2x |
| Wed, 03 Jul 2024 | US$45.4b | US$15.8b | -US$1,919,252,000.00 | 48.8x | -23.7x | 2.9x |
| Fri, 31 May 2024 | US$64.7b | US$18.6b | -US$1,735,178,000.00 | 47.5x | -37.3x | 3.5x |
| Sun, 28 Apr 2024 | US$66.2b | US$18.5b | -US$1,644,463,000.00 | 50.8x | -40.3x | 3.6x |
| Tue, 26 Mar 2024 | US$69.4b | US$18.5b | -US$1,697,603,000.00 | 51.9x | -40.9x | 3.8x |
| Thu, 22 Feb 2024 | US$67.9b | US$18.2b | -US$1,780,601,000.00 | 39.9x | -38.1x | 3.7x |
| Sat, 20 Jan 2024 | US$68.9b | US$17.8b | -US$1,303,625,000.00 | 40.3x | -52.9x | 3.9x |
| Mon, 18 Dec 2023 | US$74.8b | US$17.8b | -US$1,303,625,000.00 | 41.5x | -57.4x | 4.2x |
| Wed, 15 Nov 2023 | US$54.6b | US$17.8b | -US$1,286,439,000.00 | 34.7x | -42.4x | 3.1x |
| Fri, 13 Oct 2023 | US$59.4b | US$18.1b | US$40.9m | 21.8x | 1453.9x | 3.3x |
| Sun, 10 Sep 2023 | US$64.7b | US$18.1b | US$40.9m | 25.7x | 1583.2x | 3.6x |
| Tue, 08 Aug 2023 | US$70.2b | US$18.1b | US$571.1m | 24.6x | 122.9x | 3.9x |
| Thu, 06 Jul 2023 | US$62.9b | US$18.0b | US$1.3b | 20.4x | 47.4x | 3.5x |
Price to Earnings Ratio
47.4x
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 3.4x.
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 5.2% per year, which is driving profits down.
Industry Comparison
How does U.S. Office REITs compare with similar industries?
| US Market | -2.52% | |
| Real Estate | 4.22% | |
| REITS | 3.56% | |
| Office REITs | 4.11% | |
| Healthcare REITs | 9.21% | |
| Residential REITs | 6.79% | |
| Retail REITs | 5.95% | |
| Specialized REITs | 4.21% | |
| Diversified REITs | 3.56% | |
| Hotel and Resort REITs | 1.91% | |
| Industrial REITs | 1.22% | |
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$67.40 | 3.8% +US$397.1m | -0.1% | PB2.1x | |
| CDP COPT Defense Properties | US$36.32 | 7.8% +US$296.8m | 31.7% | PB2.7x | |
| VNO Vornado Realty Trust | US$39.11 | 4.1% +US$287.8m | 2.3% | PB1.5x | |
| CUZ Cousins Properties | US$29.96 | 5.2% +US$243.5m | -0.2% | PB1.1x | |
| SLG SL Green Realty | US$52.16 | 5.2% +US$184.2m | -15.7% | PB1.1x |