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U.S. Office REITs Industry Analysis

UpdatedAug 09, 2025
DataAggregated Company Financials
Companies24
  • 7D-0.7%
  • 3M1.4%
  • 1Y-4.7%
  • YTDn/a

Last week, the Office REITs industry hasn't moved much but Kilroy Realty is up 3.4% in that time. Unfortunately though, the industry is down 4.7% over the past 12 months. Looking forward, earnings are forecast to decline by 14% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Aug 2025US$53.1bUS$16.3b-US$547,384,000.0034.9x-97.1x3.3x
Mon, 07 Jul 2025US$55.1bUS$16.3b-US$756,442,000.0049.6x-72.8x3.4x
Wed, 04 Jun 2025US$52.2bUS$16.3b-US$757,454,000.0045.7x-69x3.2x
Fri, 02 May 2025US$46.5bUS$15.5b-US$789,405,000.0057.8x-59x3x
Sun, 30 Mar 2025US$50.6bUS$15.7b-US$740,439,200.0069x-68.3x3.2x
Tue, 25 Feb 2025US$51.6bUS$15.2b-US$1,027,973,000.00109.9x-50.2x3.4x
Thu, 23 Jan 2025US$55.7bUS$15.7b-US$817,078,000.0028.1x-68.2x3.6x
Sat, 21 Dec 2024US$54.4bUS$15.7b-US$817,078,000.0029x-66.6x3.5x
Mon, 18 Nov 2024US$58.2bUS$15.7b-US$817,078,000.0042.8x-71.2x3.7x
Wed, 16 Oct 2024US$61.3bUS$15.8b-US$1,012,639,000.0077.8x-60.5x3.9x
Fri, 13 Sep 2024US$55.3bUS$15.8b-US$1,012,639,000.0074.1x-54.6x3.5x
Sun, 11 Aug 2024US$51.9bUS$15.8b-US$1,022,730,000.0064.7x-50.7x3.3x
Tue, 09 Jul 2024US$45.3bUS$15.8b-US$1,919,252,000.0048.1x-23.6x2.9x
Thu, 06 Jun 2024US$45.3bUS$15.6b-US$1,919,252,000.0048.1x-23.6x2.9x
Sat, 04 May 2024US$66.8bUS$18.6b-US$1,736,108,000.0049.7x-38.5x3.6x
Mon, 01 Apr 2024US$71.5bUS$18.5b-US$1,704,925,000.0053.9x-41.9x3.9x
Wed, 28 Feb 2024US$66.7bUS$18.2b-US$1,571,732,000.0047.7x-42.4x3.7x
Fri, 26 Jan 2024US$70.5bUS$17.9b-US$1,406,818,000.0039.9x-50.1x3.9x
Sun, 24 Dec 2023US$73.3bUS$17.8b-US$1,303,625,000.0041.3x-56.2x4.1x
Tue, 21 Nov 2023US$59.5bUS$17.8b-US$1,303,625,000.0034.3x-45.7x3.3x
Thu, 19 Oct 2023US$57.9bUS$18.1bUS$40.9m22x1416.3x3.2x
Sat, 16 Sep 2023US$65.0bUS$18.1bUS$40.9m26.6x1589.8x3.6x
Mon, 14 Aug 2023US$68.2bUS$18.1bUS$40.9m28.8x1668.1x3.8x
Wed, 12 Jul 2023US$65.1bUS$18.0bUS$1.3b22x49.1x3.6x
Fri, 09 Jun 2023US$61.6bUS$18.0bUS$1.3b19.3x46.4x3.4x
Sun, 07 May 2023US$60.1bUS$18.1bUS$1.4b20x43.8x3.3x
Tue, 04 Apr 2023US$62.5bUS$18.1bUS$1.7b21.5x35.7x3.5x
Thu, 02 Mar 2023US$73.8bUS$18.1bUS$1.7b23.3x43.5x4.1x
Sat, 28 Jan 2023US$82.2bUS$17.9bUS$2.8b36x29.2x4.6x
Mon, 26 Dec 2022US$76.0bUS$17.8bUS$2.8b34.1x26.9x4.3x
Wed, 23 Nov 2022US$80.2bUS$17.8bUS$2.8b36x28.3x4.5x
Fri, 21 Oct 2022US$73.6bUS$17.5bUS$2.8b26.9x26x4.2x
Sun, 18 Sep 2022US$86.5bUS$17.5bUS$2.8b31.7x30.6x4.9x
Tue, 16 Aug 2022US$95.5bUS$17.5bUS$2.8b34.7x33.8x5.5x
Price to Earnings Ratio

33.8x


Total Market Cap: US$95.5bTotal Earnings: US$2.8bTotal Revenue: US$17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Office REITs Industry Price to Earnings3Y Average 94.4x202320242025
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 3.7x is higher than the industry's current PS ratio of 3.3x.
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 2.4% per year, which is driving profits down.

Industry Comparison

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

US Market2.31%
Real Estate0.19%
REITS1.67%
Office REITs-0.72%
Diversified REITs1.67%
Retail REITs1.50%
Healthcare REITs1.11%
Industrial REITs0.21%
Residential REITs0.19%
Hotel and Resort REITs-0.76%
Specialized REITs-1.03%
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
KRC Kilroy RealtyUS$37.813.4%
+US$149.1m
12.8%PB0.8x
PGRE Paramount GroupUS$6.415.6%
+US$74.9m
35.2%PB0.5x
CDP COPT Defense PropertiesUS$27.771.8%
+US$55.2m
-3.3%PB2.1x
HPP Hudson Pacific PropertiesUS$2.503.7%
+US$34.2m
-46.6%PB0.3x
PSTL Postal Realty TrustUS$14.445.4%
+US$28.8m
1.1%PB1.4x

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