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U.S. Office REITs Industry Analysis
UpdatedJun 12, 2025
DataAggregated Company Financials
Companies24
- 7D4.4%
- 3M11.8%
- 1Y20.5%
- YTDn/a
Over the last 7 days, the Office REITs industry has risen 4.4%, driven by gains from Vornado Realty Trust of 5.0%. In the last 12 months, the industry was up 20%. In the next few years earnings are forecast to be pretty stable.
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, 13 Jun 2025 | US$56.4b | US$16.3b | -US$756,442,000.00 | 47.3x | -74.6x | 3.5x |
| Sun, 11 May 2025 | US$50.9b | US$16.3b | -US$685,910,000.00 | 45.8x | -74.2x | 3.1x |
| Tue, 08 Apr 2025 | US$45.8b | US$15.7b | -US$740,439,200.00 | 64.7x | -61.9x | 2.9x |
| Thu, 06 Mar 2025 | US$51.5b | US$15.7b | -US$752,650,000.00 | 67.8x | -68.4x | 3.3x |
| Sat, 01 Feb 2025 | US$55.3b | US$15.4b | -US$1,011,923,000.00 | 66.8x | -54.7x | 3.6x |
| Mon, 30 Dec 2024 | US$55.8b | US$15.7b | -US$817,078,000.00 | 29x | -68.3x | 3.6x |
| Wed, 27 Nov 2024 | US$57.5b | US$15.7b | -US$817,078,000.00 | 43.9x | -70.3x | 3.7x |
| Fri, 25 Oct 2024 | US$62.4b | US$15.7b | -US$1,205,553,000.00 | 77.4x | -51.8x | 4x |
| Sun, 22 Sep 2024 | US$58.9b | US$15.8b | -US$1,012,639,000.00 | 75.3x | -58.2x | 3.7x |
| Tue, 20 Aug 2024 | US$52.7b | US$15.8b | -US$1,012,639,000.00 | 67.2x | -52x | 3.3x |
| Thu, 18 Jul 2024 | US$51.4b | US$15.8b | -US$1,919,252,000.00 | 53.6x | -26.8x | 3.3x |
| Sat, 15 Jun 2024 | US$45.6b | US$15.8b | -US$1,919,252,000.00 | 48.9x | -23.8x | 2.9x |
| Mon, 13 May 2024 | US$67.5b | US$18.6b | -US$1,839,591,000.00 | 50.3x | -36.7x | 3.6x |
| Wed, 10 Apr 2024 | US$70.0b | US$18.5b | -US$1,704,925,000.00 | 53.9x | -41x | 3.8x |
| Fri, 08 Mar 2024 | US$69.0b | US$18.5b | -US$1,715,022,000.00 | 52.1x | -40.2x | 3.7x |
| Sun, 04 Feb 2024 | US$67.6b | US$17.9b | -US$1,725,709,000.00 | 38.3x | -39.2x | 3.8x |
| Tue, 02 Jan 2024 | US$72.7b | US$17.8b | -US$1,303,625,000.00 | 41.9x | -55.8x | 4.1x |
| Thu, 30 Nov 2023 | US$60.8b | US$17.8b | -US$1,303,625,000.00 | 35.2x | -46.6x | 3.4x |
| Sat, 28 Oct 2023 | US$53.7b | US$18.1b | -US$684,373,000.00 | 25.7x | -78.5x | 3x |
| Mon, 25 Sep 2023 | US$60.7b | US$18.1b | US$40.9m | 23.4x | 1485.8x | 3.4x |
| Wed, 23 Aug 2023 | US$64.2b | US$18.1b | US$40.9m | 27.5x | 1571.8x | 3.6x |
| Fri, 21 Jul 2023 | US$66.5b | US$18.0b | US$1.0b | 21.4x | 66.5x | 3.7x |
| Sun, 18 Jun 2023 | US$61.7b | US$18.0b | US$1.3b | 19.1x | 46.5x | 3.4x |
| Tue, 16 May 2023 | US$57.8b | US$18.0b | US$1.3b | 18.7x | 43.5x | 3.2x |
| Thu, 13 Apr 2023 | US$60.6b | US$18.1b | US$1.7b | 19.4x | 35.2x | 3.4x |
| Sat, 11 Mar 2023 | US$65.9b | US$18.1b | US$1.7b | 21.1x | 38x | 3.6x |
| Mon, 06 Feb 2023 | US$86.1b | US$18.0b | US$2.8b | 33x | 31.1x | 4.8x |
| Wed, 04 Jan 2023 | US$74.8b | US$17.8b | US$2.8b | 33.7x | 26.4x | 4.2x |
| Fri, 02 Dec 2022 | US$81.2b | US$17.8b | US$2.8b | 36.9x | 28.7x | 4.6x |
| Sun, 30 Oct 2022 | US$79.4b | US$17.7b | US$3.4b | 34.7x | 23.4x | 4.5x |
| Tue, 27 Sep 2022 | US$77.0b | US$17.5b | US$2.8b | 27.5x | 27.2x | 4.4x |
| Thu, 25 Aug 2022 | US$88.8b | US$17.5b | US$2.8b | 32.2x | 31.4x | 5.1x |
| Sat, 23 Jul 2022 | US$90.8b | US$17.0b | US$2.6b | 33.2x | 35.4x | 5.3x |
| Mon, 20 Jun 2022 | US$88.3b | US$17.0b | US$2.7b | 32.5x | 32.5x | 5.2x |
Price to Earnings Ratio
32.5x
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 3.8x.
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 remained mostly flat.
- This means that although sales have remained flat, 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 Market | 1.23% | |
| Real Estate | 0.89% | |
| REITS | 1.98% | |
| Office REITs | 4.42% | |
| Hotel and Resort REITs | 3.23% | |
| Specialized REITs | 2.35% | |
| Diversified REITs | 1.98% | |
| Industrial REITs | 1.00% | |
| Retail REITs | 0.64% | |
| Residential REITs | 0.47% | |
| Healthcare REITs | 0.094% | |
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 | |
|---|---|---|---|---|---|
| VNO Vornado Realty Trust | US$41.09 | 5.0% +US$372.4m | 61.8% | PB1.9x | |
| CUZ Cousins Properties | US$30.40 | 6.0% +US$288.8m | 32.8% | PB1.1x | |
| BXP BXP | US$73.48 | 2.3% +US$264.4m | 19.9% | PB2.2x | |
| SLG SL Green Realty | US$65.75 | 5.9% +US$262.1m | 15.8% | PB1.3x | |
| KRC Kilroy Realty | US$35.95 | 5.3% +US$212.9m | 13.7% | PB0.8x |