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U.S. Office REITs Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies25
  • 7D0.08%
  • 3M-6.1%
  • 1Y12.7%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat. The past year has been better, since the industry has gained 14% in that time. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024US$70.1bUS$18.5b-US$1,697,603,000.0052.1x-41.3x3.8x
Sat, 24 Feb 2024US$67.9bUS$18.4b-US$1,564,160,000.0039.3x-43.4x3.7x
Mon, 22 Jan 2024US$70.7bUS$17.8b-US$1,303,625,000.0040.3x-54.2x4x
Wed, 20 Dec 2023US$74.0bUS$17.8b-US$1,303,625,000.0041.3x-56.7x4.2x
Fri, 17 Nov 2023US$59.4bUS$17.8b-US$1,305,309,000.0034x-45.5x3.3x
Sun, 15 Oct 2023US$57.5bUS$18.1bUS$40.9m21.4x1408x3.2x
Tue, 12 Sep 2023US$66.7bUS$18.1bUS$40.9m25.7x1631.9x3.7x
Thu, 10 Aug 2023US$67.9bUS$18.1bUS$93.2m28.5x728.3x3.8x
Sat, 08 Jul 2023US$63.8bUS$18.0bUS$1.3b21x48.1x3.5x
Mon, 05 Jun 2023US$58.4bUS$18.0bUS$1.3b19.1x44x3.2x
Wed, 03 May 2023US$58.7bUS$18.1bUS$1.4b21x42.1x3.2x
Fri, 31 Mar 2023US$61.8bUS$18.1bUS$1.7b20.2x35.7x3.4x
Sun, 26 Feb 2023US$76.5bUS$18.0bUS$1.7b24.3x45.3x4.2x
Tue, 24 Jan 2023US$79.9bUS$17.8bUS$2.8b34.7x28.2x4.5x
Thu, 22 Dec 2022US$75.4bUS$17.8bUS$2.8b33.6x26.7x4.2x
Sat, 19 Nov 2022US$79.0bUS$17.8bUS$2.8b35.7x27.9x4.4x
Mon, 17 Oct 2022US$74.3bUS$17.5bUS$2.8b26.9x26.3x4.2x
Wed, 14 Sep 2022US$90.7bUS$17.5bUS$2.8b33x32.1x5.2x
Fri, 12 Aug 2022US$94.8bUS$17.5bUS$2.8b35.1x33.5x5.4x
Sun, 10 Jul 2022US$89.7bUS$17.0bUS$2.7b31.9x33x5.3x
Tue, 07 Jun 2022US$102.4bUS$17.0bUS$2.7b35.8x37.7x6x
Thu, 05 May 2022US$113.9bUS$16.9bUS$2.7b41.1x41.8x6.7x
Sat, 02 Apr 2022US$127.6bUS$16.6bUS$3.2b45.9x39.9x7.7x
Mon, 28 Feb 2022US$123.0bUS$16.8bUS$3.3b43.4x36.9x7.3x
Wed, 26 Jan 2022US$118.3bUS$16.5bUS$3.0b37.5x38.9x7.2x
Fri, 24 Dec 2021US$123.4bUS$16.5bUS$3.0b39.3x40.6x7.5x
Sun, 21 Nov 2021US$124.2bUS$16.5bUS$3.0b34.5x41.1x7.5x
Tue, 19 Oct 2021US$122.5bUS$16.4bUS$2.7b34.2x45.5x7.5x
Thu, 16 Sep 2021US$112.6bUS$16.4bUS$2.7b33.4x41.8x6.9x
Sat, 14 Aug 2021US$116.2bUS$16.4bUS$2.7b34.6x43.1x7.1x
Wed, 09 Jun 2021US$114.1bUS$16.1bUS$2.6b35x43.9x7.1x
Price to Earnings Ratio

40.5x


Total Market Cap: US$105.2bTotal Earnings: US$2.6bTotal Revenue: US$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Office REITs Industry Price to Earnings3Y Average 139x202220232024
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 5.3x is higher than the industry's current PS ratio of 3.8x.
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.
  • Meanwhile revenues have grown 4.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Office REITs compare with similar industries?

US Market0.38%
Real Estate0.70%
REITS0.71%
Office REITs0.08%
Specialized REITs2.09%
Healthcare REITs0.87%
Diversified REITs0.71%
Retail REITs0.66%
Industrial REITs0.12%
Residential REITs0.023%
Hotel and Resort REITs-0.16%
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
ARE Alexandria Real Estate EquitiesUS$127.681.2%
+US$265.9m
3.8%PB1.2x
HIW Highwoods PropertiesUS$25.932.3%
+US$61.3m
15.0%PB1.1x
SLG SL Green RealtyUS$53.741.5%
+US$50.5m
137.3%PB1x
VNO Vornado Realty TrustUS$27.480.8%
+US$43.8m
85.9%PB1.2x
PDM Piedmont Office Realty TrustUS$6.805.3%
+US$42.1m
-2.9%PB0.5x
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Latest News

ONL

US$3.43

Orion Office REIT

7D

-2.6%

1Y

-46.0%

HPP

US$6.39

Hudson Pacific Properties

7D

-2.3%

1Y

0.8%

CIO

US$5.03

City Office REIT

7D

16.2%

1Y

-22.1%

CUZ

US$23.57

Cousins Properties

7D

-0.8%

1Y

13.5%

PDM

US$6.80

Piedmont Office Realty Trust

7D

5.3%

1Y

-2.9%

SLG

US$53.74

SL Green Realty

7D

1.5%

1Y

137.3%

KRC

US$36.12

Kilroy Realty

7D

-0.2%

1Y

15.0%

PGRE

US$4.60

Paramount Group

7D

-3.0%

1Y

3.1%

CDP

US$24.05

COPT Defense Properties

7D

-1.4%

1Y

4.9%

DEI

US$13.67

Douglas Emmett

7D

0.6%

1Y

11.5%

PKST

US$16.24

Peakstone Realty Trust

7D

2.4%

1Y

n/a

JBGS

US$16.26

JBG SMITH Properties

7D

-3.3%

1Y

12.8%

VNO

US$27.48

Vornado Realty Trust

7D

0.8%

1Y

85.9%