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U.S. Office REITs Industry Analysis
UpdatedJul 25, 2025
DataAggregated Company Financials
Companies24
- 7D0.6%
- 3M9.5%
- 1Y1.8%
- YTDn/a
The Office REITs industry has been flat over the last week, but SL Green Realty has lost 3.2%. Furthermore, the industry has been flat for the past year as well. In the next few years, earnings are forecast to decline by 2.5% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 25 Jul 2025 | US$56.2b | US$16.3b | -US$894,885,000.00 | 49x | -62.8x | 3.4x |
| Sun, 22 Jun 2025 | US$56.6b | US$16.3b | -US$756,442,000.00 | 47.1x | -74.8x | 3.5x |
| Tue, 20 May 2025 | US$52.7b | US$16.3b | -US$756,442,000.00 | 47.2x | -69.7x | 3.2x |
| Thu, 17 Apr 2025 | US$46.8b | US$15.7b | -US$740,439,200.00 | 65.2x | -63.2x | 3x |
| Sat, 15 Mar 2025 | US$48.3b | US$15.7b | -US$783,117,200.00 | 69.8x | -61.7x | 3.1x |
| Mon, 10 Feb 2025 | US$55.0b | US$15.2b | -US$860,062,000.00 | 88.8x | -64x | 3.6x |
| Wed, 08 Jan 2025 | US$54.9b | US$15.7b | -US$817,078,000.00 | 27.5x | -67.2x | 3.5x |
| Fri, 06 Dec 2024 | US$60.6b | US$15.7b | -US$817,078,000.00 | 43.3x | -74.2x | 3.9x |
| Sun, 03 Nov 2024 | US$58.7b | US$16.0b | -US$638,731,000.00 | 50.8x | -92x | 3.7x |
| Tue, 01 Oct 2024 | US$58.5b | US$15.8b | -US$1,012,639,000.00 | 75.7x | -57.8x | 3.7x |
| Thu, 29 Aug 2024 | US$55.3b | US$15.8b | -US$1,012,639,000.00 | 70x | -54.6x | 3.5x |
| Sat, 27 Jul 2024 | US$50.8b | US$15.8b | -US$1,512,603,000.00 | 63.8x | -33.6x | 3.2x |
| Mon, 24 Jun 2024 | US$45.7b | US$15.8b | -US$1,919,252,000.00 | 48.9x | -23.8x | 2.9x |
| Wed, 22 May 2024 | US$68.0b | US$18.6b | -US$1,732,377,000.00 | 50.9x | -39.3x | 3.7x |
| Fri, 19 Apr 2024 | US$64.7b | US$18.4b | -US$1,663,428,000.00 | 48.5x | -38.9x | 3.5x |
| Sun, 17 Mar 2024 | US$68.2b | US$18.5b | -US$1,715,022,000.00 | 51.7x | -39.7x | 3.7x |
| Tue, 13 Feb 2024 | US$68.5b | US$17.9b | -US$1,908,775,000.00 | 38.2x | -35.9x | 3.8x |
| Thu, 11 Jan 2024 | US$73.1b | US$17.8b | -US$1,303,625,000.00 | 42.3x | -56.1x | 4.1x |
| Sat, 09 Dec 2023 | US$69.3b | US$17.8b | -US$1,303,625,000.00 | 38.6x | -53.2x | 3.9x |
| Mon, 06 Nov 2023 | US$60.5b | US$18.2b | -US$1,198,149,000.00 | 30.3x | -50.5x | 3.3x |
| Wed, 04 Oct 2023 | US$59.7b | US$18.1b | US$40.9m | 20.6x | 1461.7x | 3.3x |
| Fri, 01 Sep 2023 | US$67.8b | US$18.1b | US$40.9m | 28.4x | 1658.6x | 3.8x |
| Sun, 30 Jul 2023 | US$68.1b | US$18.1b | US$797.8m | 24.8x | 85.4x | 3.8x |
| Tue, 27 Jun 2023 | US$60.9b | US$18.0b | US$1.3b | 19.3x | 45.9x | 3.4x |
| Thu, 25 May 2023 | US$56.9b | US$18.0b | US$1.3b | 19.1x | 42.8x | 3.2x |
| Sat, 22 Apr 2023 | US$60.0b | US$18.1b | US$1.7b | 19x | 36x | 3.3x |
| Mon, 20 Mar 2023 | US$43.4b | US$11.3b | US$1.8b | 18.8x | 24.2x | 3.8x |
| Wed, 15 Feb 2023 | US$83.5b | US$18.0b | US$2.2b | 24.2x | 38.4x | 4.6x |
| Fri, 13 Jan 2023 | US$80.2b | US$17.8b | US$2.8b | 35.5x | 28.4x | 4.5x |
| Sun, 11 Dec 2022 | US$76.8b | US$17.8b | US$2.8b | 34.5x | 27.2x | 4.3x |
| Tue, 08 Nov 2022 | US$78.3b | US$17.8b | US$2.8b | 36x | 27.6x | 4.4x |
| Thu, 06 Oct 2022 | US$76.4b | US$17.5b | US$2.8b | 26.6x | 27x | 4.4x |
| Sat, 03 Sep 2022 | US$84.9b | US$17.5b | US$2.8b | 30.9x | 30x | 4.9x |
| Mon, 01 Aug 2022 | US$96.2b | US$17.4b | US$2.6b | 34.2x | 36.7x | 5.5x |
Price to Earnings Ratio
36.7x
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 3.7x.
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 2.1% per year, which is driving profits down.
Industry Comparison
How does U.S. Office REITs compare with similar industries?
| US Market | 0.97% | |
| Real Estate | 2.04% | |
| REITS | 2.19% | |
| Office REITs | 0.64% | |
| Industrial REITs | 2.93% | |
| Healthcare REITs | 2.49% | |
| Diversified REITs | 2.19% | |
| Retail REITs | 1.71% | |
| Hotel and Resort REITs | 1.35% | |
| Specialized REITs | 0.43% | |
| Residential REITs | 0.065% | |
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$70.74 | 2.5% +US$270.7m | 4.2% | PB2.1x | |
| VNO Vornado Realty Trust | US$39.55 | 3.2% +US$234.2m | 39.1% | PB1.8x | |
| JBGS JBG SMITH Properties | US$19.26 | 6.1% +US$80.4m | 17.2% | PB0.9x | |
| KRC Kilroy Realty | US$37.24 | 1.4% +US$61.5m | 5.9% | PB0.8x | |
| CIO City Office REIT | US$6.90 | 23.7% +US$53.3m | 14.8% | PB0.5x |