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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Jun 2025US$56.4bUS$16.3b-US$756,442,000.0047.3x-74.6x3.5x
Sun, 11 May 2025US$50.9bUS$16.3b-US$685,910,000.0045.8x-74.2x3.1x
Tue, 08 Apr 2025US$45.8bUS$15.7b-US$740,439,200.0064.7x-61.9x2.9x
Thu, 06 Mar 2025US$51.5bUS$15.7b-US$752,650,000.0067.8x-68.4x3.3x
Sat, 01 Feb 2025US$55.3bUS$15.4b-US$1,011,923,000.0066.8x-54.7x3.6x
Mon, 30 Dec 2024US$55.8bUS$15.7b-US$817,078,000.0029x-68.3x3.6x
Wed, 27 Nov 2024US$57.5bUS$15.7b-US$817,078,000.0043.9x-70.3x3.7x
Fri, 25 Oct 2024US$62.4bUS$15.7b-US$1,205,553,000.0077.4x-51.8x4x
Sun, 22 Sep 2024US$58.9bUS$15.8b-US$1,012,639,000.0075.3x-58.2x3.7x
Tue, 20 Aug 2024US$52.7bUS$15.8b-US$1,012,639,000.0067.2x-52x3.3x
Thu, 18 Jul 2024US$51.4bUS$15.8b-US$1,919,252,000.0053.6x-26.8x3.3x
Sat, 15 Jun 2024US$45.6bUS$15.8b-US$1,919,252,000.0048.9x-23.8x2.9x
Mon, 13 May 2024US$67.5bUS$18.6b-US$1,839,591,000.0050.3x-36.7x3.6x
Wed, 10 Apr 2024US$70.0bUS$18.5b-US$1,704,925,000.0053.9x-41x3.8x
Fri, 08 Mar 2024US$69.0bUS$18.5b-US$1,715,022,000.0052.1x-40.2x3.7x
Sun, 04 Feb 2024US$67.6bUS$17.9b-US$1,725,709,000.0038.3x-39.2x3.8x
Tue, 02 Jan 2024US$72.7bUS$17.8b-US$1,303,625,000.0041.9x-55.8x4.1x
Thu, 30 Nov 2023US$60.8bUS$17.8b-US$1,303,625,000.0035.2x-46.6x3.4x
Sat, 28 Oct 2023US$53.7bUS$18.1b-US$684,373,000.0025.7x-78.5x3x
Mon, 25 Sep 2023US$60.7bUS$18.1bUS$40.9m23.4x1485.8x3.4x
Wed, 23 Aug 2023US$64.2bUS$18.1bUS$40.9m27.5x1571.8x3.6x
Fri, 21 Jul 2023US$66.5bUS$18.0bUS$1.0b21.4x66.5x3.7x
Sun, 18 Jun 2023US$61.7bUS$18.0bUS$1.3b19.1x46.5x3.4x
Tue, 16 May 2023US$57.8bUS$18.0bUS$1.3b18.7x43.5x3.2x
Thu, 13 Apr 2023US$60.6bUS$18.1bUS$1.7b19.4x35.2x3.4x
Sat, 11 Mar 2023US$65.9bUS$18.1bUS$1.7b21.1x38x3.6x
Mon, 06 Feb 2023US$86.1bUS$18.0bUS$2.8b33x31.1x4.8x
Wed, 04 Jan 2023US$74.8bUS$17.8bUS$2.8b33.7x26.4x4.2x
Fri, 02 Dec 2022US$81.2bUS$17.8bUS$2.8b36.9x28.7x4.6x
Sun, 30 Oct 2022US$79.4bUS$17.7bUS$3.4b34.7x23.4x4.5x
Tue, 27 Sep 2022US$77.0bUS$17.5bUS$2.8b27.5x27.2x4.4x
Thu, 25 Aug 2022US$88.8bUS$17.5bUS$2.8b32.2x31.4x5.1x
Sat, 23 Jul 2022US$90.8bUS$17.0bUS$2.6b33.2x35.4x5.3x
Mon, 20 Jun 2022US$88.3bUS$17.0bUS$2.7b32.5x32.5x5.2x
Price to Earnings Ratio

32.5x


Total Market Cap: US$88.3bTotal Earnings: US$2.7bTotal Revenue: US$17.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Office REITs Industry Price to Earnings3Y Average 99.9x202320242025
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 Market1.23%
Real Estate0.89%
REITS1.98%
Office REITs4.42%
Hotel and Resort REITs3.23%
Specialized REITs2.35%
Diversified REITs1.98%
Industrial REITs1.00%
Retail REITs0.64%
Residential REITs0.47%
Healthcare REITs0.094%
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?

CompanyLast Price7D1YValuation
VNO Vornado Realty TrustUS$41.095.0%
+US$372.4m
61.8%PB1.9x
CUZ Cousins PropertiesUS$30.406.0%
+US$288.8m
32.8%PB1.1x
BXP BXPUS$73.482.3%
+US$264.4m
19.9%PB2.2x
SLG SL Green RealtyUS$65.755.9%
+US$262.1m
15.8%PB1.3x
KRC Kilroy RealtyUS$35.955.3%
+US$212.9m
13.7%PB0.8x
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Latest News

SLG

US$65.75

SL Green Realty

7D

5.9%

1Y

15.8%

DEI

US$15.13

Douglas Emmett

7D

5.0%

1Y

13.6%

VNO

US$41.09

Vornado Realty Trust

7D

5.0%

1Y

61.8%

CDP

US$28.76

COPT Defense Properties

7D

4.8%

1Y

19.0%

KRC

US$35.95

Kilroy Realty

7D

5.3%

1Y

13.7%

CUZ

US$30.40

Cousins Properties

7D

6.0%

1Y

32.8%

HIW

US$31.85

Highwoods Properties

7D

4.6%

1Y

24.7%

CMCT

US$9.73

Creative Media & Community Trust

7D

-5.4%

1Y

-98.6%