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U.S. Office REITs Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies24
- 7D-2.5%
- 3M-14.7%
- 1Y9.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.3%, driven by pullbacks in Vornado Realty Trust and COPT Defense Properties of 2.1% and 4.4%, respectively. In the past year, the industry has gained 10%. Earnings are forecast to grow by 9.4% 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, 21 Feb 2025 | US$52.9b | US$15.2b | -US$991,574,000.00 | 110.7x | -53.4x | 3.5x |
| Sun, 19 Jan 2025 | US$55.1b | US$15.7b | -US$817,078,000.00 | 28.1x | -67.4x | 3.5x |
| Tue, 17 Dec 2024 | US$59.1b | US$15.7b | -US$817,078,000.00 | 30.8x | -72.3x | 3.8x |
| Thu, 14 Nov 2024 | US$59.5b | US$15.7b | -US$802,091,000.00 | 42.8x | -74.2x | 3.8x |
| Sat, 12 Oct 2024 | US$58.5b | US$15.8b | -US$1,012,639,000.00 | 74x | -57.7x | 3.7x |
| Mon, 09 Sep 2024 | US$54.3b | US$15.8b | -US$1,012,639,000.00 | 70.3x | -53.6x | 3.4x |
| Wed, 07 Aug 2024 | US$50.4b | US$15.9b | -US$1,452,491,000.00 | 64.4x | -34.7x | 3.2x |
| Fri, 05 Jul 2024 | US$46.2b | US$15.8b | -US$1,919,252,000.00 | 48.5x | -24.1x | 2.9x |
| Sun, 02 Jun 2024 | US$66.4b | US$18.6b | -US$1,735,178,000.00 | 49.6x | -38.3x | 3.6x |
| Tue, 30 Apr 2024 | US$66.2b | US$18.5b | -US$1,644,463,000.00 | 51.9x | -40.3x | 3.6x |
| Thu, 28 Mar 2024 | US$70.1b | US$18.5b | -US$1,697,603,000.00 | 52.1x | -41.3x | 3.8x |
| Sat, 24 Feb 2024 | US$67.9b | US$18.4b | -US$1,564,160,000.00 | 39.3x | -43.4x | 3.7x |
| Mon, 22 Jan 2024 | US$70.7b | US$17.8b | -US$1,303,625,000.00 | 40.3x | -54.2x | 4x |
| Wed, 20 Dec 2023 | US$74.0b | US$17.8b | -US$1,303,625,000.00 | 41.3x | -56.7x | 4.2x |
| Fri, 17 Nov 2023 | US$59.4b | US$17.8b | -US$1,305,309,000.00 | 34x | -45.5x | 3.3x |
| Sun, 15 Oct 2023 | US$57.5b | US$18.1b | US$40.9m | 21.4x | 1408x | 3.2x |
| Tue, 12 Sep 2023 | US$66.7b | US$18.1b | US$40.9m | 25.7x | 1631.9x | 3.7x |
| Thu, 10 Aug 2023 | US$67.9b | US$18.1b | US$93.2m | 28.5x | 728.3x | 3.8x |
| Sat, 08 Jul 2023 | US$63.8b | US$18.0b | US$1.3b | 21x | 48.1x | 3.5x |
| Mon, 05 Jun 2023 | US$58.4b | US$18.0b | US$1.3b | 19.1x | 44x | 3.2x |
| Wed, 03 May 2023 | US$58.7b | US$18.1b | US$1.4b | 21x | 42.1x | 3.2x |
| Fri, 31 Mar 2023 | US$61.8b | US$18.1b | US$1.7b | 20.2x | 35.7x | 3.4x |
| Sun, 26 Feb 2023 | US$76.5b | US$18.0b | US$1.7b | 24.3x | 45.3x | 4.2x |
| Tue, 24 Jan 2023 | US$79.9b | US$17.8b | US$2.8b | 34.7x | 28.2x | 4.5x |
| Thu, 22 Dec 2022 | US$75.4b | US$17.8b | US$2.8b | 33.6x | 26.7x | 4.2x |
| Sat, 19 Nov 2022 | US$79.0b | US$17.8b | US$2.8b | 35.7x | 27.9x | 4.4x |
| Mon, 17 Oct 2022 | US$74.3b | US$17.5b | US$2.8b | 26.9x | 26.3x | 4.2x |
| Wed, 14 Sep 2022 | US$90.7b | US$17.5b | US$2.8b | 33x | 32.1x | 5.2x |
| Fri, 12 Aug 2022 | US$94.8b | US$17.5b | US$2.8b | 35.1x | 33.5x | 5.4x |
| Sun, 10 Jul 2022 | US$89.7b | US$17.0b | US$2.7b | 31.9x | 33x | 5.3x |
| Tue, 07 Jun 2022 | US$102.4b | US$17.0b | US$2.7b | 35.8x | 37.7x | 6x |
| Thu, 05 May 2022 | US$113.9b | US$16.9b | US$2.7b | 41.1x | 41.8x | 6.7x |
| Sat, 02 Apr 2022 | US$127.6b | US$16.6b | US$3.2b | 45.9x | 39.9x | 7.7x |
| Mon, 28 Feb 2022 | US$123.0b | US$16.8b | US$3.3b | 43.4x | 36.9x | 7.3x |
Price to Earnings Ratio
36.9x
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 4.2x is higher than the industry's current PS ratio of 3.5x.
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 3.1% per year, which is driving profits down.
Industry Comparison
How does U.S. Office REITs compare with similar industries?
| US Market | -0.41% | |
| Real Estate | 0.51% | |
| REITS | 0.75% | |
| Office REITs | -2.46% | |
| Hotel and Resort REITs | 1.19% | |
| Diversified REITs | 0.75% | |
| Residential REITs | 0.61% | |
| Healthcare REITs | -0.11% | |
| Industrial REITs | -0.16% | |
| Specialized REITs | -0.46% | |
| Retail REITs | -0.47% | |
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 | |
|---|---|---|---|---|---|
| HPP Hudson Pacific Properties | US$3.11 | 9.1% +US$36.7m | -52.2% | PB0.2x | |
| HIW Highwoods Properties | US$29.45 | 0.6% +US$20.4m | 23.6% | PB1.4x | |
| NLOP Net Lease Office Properties | US$32.63 | 2.2% +US$10.2m | 24.7% | PB0.8x | |
| BDN Brandywine Realty Trust | US$4.96 | 1.0% +US$8.6m | 18.7% | PB0.8x | |
| CIO City Office REIT | US$5.16 | 0.6% +US$1.2m | 16.7% | PB0.3x |