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U.S. Office REITs Industry Analysis

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies24
  • 7D-1.8%
  • 3M-14.3%
  • 1Y-3.8%
  • YTDn/a

Over the last 7 days, the Office REITs industry has dropped 1.8%, driven by Easterly Government Properties declining 20%. The industry has fallen 3.8% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Apr 2025US$45.0bUS$15.7b-US$740,439,200.0062.8x-60.7x2.9x
Wed, 12 Mar 2025US$50.9bUS$15.7b-US$783,117,200.0069.5x-65x3.2x
Fri, 07 Feb 2025US$54.7bUS$15.2b-US$856,873,000.0082.4x-63.9x3.6x
Sun, 05 Jan 2025US$56.4bUS$15.7b-US$817,078,000.0029x-69x3.6x
Tue, 03 Dec 2024US$61.9bUS$15.7b-US$817,078,000.0043.4x-75.7x3.9x
Thu, 31 Oct 2024US$61.9bUS$15.7b-US$698,501,000.0043.5x-88.7x3.9x
Sat, 28 Sep 2024US$58.4bUS$15.8b-US$1,012,639,000.0075x-57.7x3.7x
Mon, 26 Aug 2024US$52.3bUS$15.8b-US$1,012,639,000.0068.9x-51.6x3.3x
Wed, 24 Jul 2024US$50.4bUS$15.8b-US$1,561,190,000.0053.7x-32.3x3.2x
Fri, 21 Jun 2024US$46.3bUS$15.8b-US$1,919,252,000.0048.9x-24.1x2.9x
Sun, 19 May 2024US$68.5bUS$18.6b-US$1,732,377,000.0051.6x-39.6x3.7x
Tue, 16 Apr 2024US$67.2bUS$18.5b-US$1,704,925,000.0048.4x-39.4x3.6x
Thu, 14 Mar 2024US$69.2bUS$18.5b-US$1,715,022,000.0053x-40.4x3.7x
Sat, 10 Feb 2024US$67.1bUS$17.9b-US$1,803,943,000.0033.4x-37.2x3.8x
Mon, 08 Jan 2024US$72.5bUS$17.8b-US$1,303,625,000.0041.9x-55.6x4.1x
Wed, 06 Dec 2023US$68.2bUS$17.8b-US$1,303,625,000.0037.2x-52.3x3.8x
Fri, 03 Nov 2023US$54.4bUS$18.1b-US$1,213,950,000.0032.8x-44.8x3x
Sun, 01 Oct 2023US$60.2bUS$18.1bUS$40.9m21.8x1472.5x3.3x
Tue, 29 Aug 2023US$65.3bUS$18.1bUS$40.9m28x1599.2x3.6x
Thu, 27 Jul 2023US$69.0bUS$18.1bUS$792.5m22.8x87.1x3.8x
Sat, 24 Jun 2023US$57.3bUS$18.0bUS$1.3b18.2x43.2x3.2x
Mon, 22 May 2023US$57.2bUS$18.0bUS$1.3b18.8x43.1x3.2x
Wed, 19 Apr 2023US$61.0bUS$18.1bUS$1.7b19.1x35.4x3.4x
Fri, 17 Mar 2023US$62.6bUS$18.1bUS$1.7b20.3x36.1x3.5x
Sun, 12 Feb 2023US$83.5bUS$17.3bUS$2.7b26.6x31.2x4.8x
Tue, 10 Jan 2023US$74.8bUS$17.8bUS$2.8b32.5x26.4x4.2x
Thu, 08 Dec 2022US$75.0bUS$17.8bUS$2.8b33.6x26.5x4.2x
Sat, 05 Nov 2022US$78.7bUS$16.9bUS$2.8b36.8x27.7x4.7x
Mon, 03 Oct 2022US$76.9bUS$17.5bUS$2.8b27.4x27.2x4.4x
Wed, 31 Aug 2022US$85.9bUS$17.5bUS$2.8b31.2x30.4x4.9x
Fri, 29 Jul 2022US$92.4bUS$17.2bUS$2.6b34.2x35.7x5.4x
Sun, 26 Jun 2022US$91.8bUS$17.0bUS$2.7b33.7x33.8x5.4x
Tue, 24 May 2022US$102.5bUS$17.0bUS$2.7b36x37.7x6x
Thu, 21 Apr 2022US$123.3bUS$16.6bUS$3.2b45x38.5x7.4x
Price to Earnings Ratio

38.5x


Total Market Cap: US$123.3bTotal Earnings: US$3.2bTotal Revenue: US$16.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Office REITs Industry Price to Earnings3Y Average 105.7x202320242025
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 4.0x is higher than the industry's current PS ratio of 2.9x.
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 Market5.42%
Real Estate-0.85%
REITS-2.66%
Office REITs-1.81%
Hotel and Resort REITs1.97%
Specialized REITs1.27%
Retail REITs0.46%
Healthcare REITs-0.66%
Residential REITs-0.74%
Industrial REITs-2.54%
Diversified REITs-2.66%
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$33.230.7%
+US$43.9m
21.2%PB1.6x
BXP BXPUS$60.640.4%
+US$34.8m
0.05%PB1.8x
PGRE Paramount GroupUS$4.143.8%
+US$32.6m
-11.7%PB0.3x
CUZ Cousins PropertiesUS$26.130.4%
+US$16.8m
16.2%PB0.9x
JBGS JBG SMITH PropertiesUS$15.430.9%
+US$11.5m
1.0%PB0.7x
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Latest News

DEA

US$8.10

Easterly Government Properties

7D

-19.6%

1Y

-28.8%

BXP

US$60.64

BXP

7D

0.4%

1Y

0.05%

PGRE

US$4.14

Paramount Group

7D

3.8%

1Y

-11.7%

VNO

US$33.23

Vornado Realty Trust

7D

0.7%

1Y

21.2%

PDM

US$6.15

Piedmont Office Realty Trust

7D

-7.9%

1Y

-6.8%

JBGS

US$15.43

JBG SMITH Properties

7D

0.9%

1Y

1.0%

BDN

US$3.59

Brandywine Realty Trust

7D

-10.3%

1Y

-17.7%

DEI

US$13.39

Douglas Emmett

7D

-6.2%

1Y

1.0%

CDP

US$25.56

COPT Defense Properties

7D

-2.2%

1Y

10.3%

CUZ

US$26.13

Cousins Properties

7D

0.4%

1Y

16.2%

SLG

US$49.63

SL Green Realty

7D

-2.0%

1Y

-3.0%

HIW

US$26.41

Highwoods Properties

7D

-2.7%

1Y

7.9%

EQC

US$1.61

Equity Commonwealth

7D

0.6%

1Y

-91.3%