Canadian (TSX) Office REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies6
- 7D0.4%
- 3M-2.7%
- 1Y-29.8%
- YTDn/a
In the last week, Office REITs has been flat. As for the longer term, the industry has declined 30% in the last year. As for the next few years, earnings are expected to grow by 99% per annum.
Industry Valuation and Performance
Has the Canadian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | CA$3.0b | CA$1.1b | -CA$814,079,958.00 | 30.8x | -3.7x | 2.7x |
| Sat, 06 Apr 2024 | CA$2.9b | CA$1.1b | -CA$811,528,728.00 | n/a | -3.6x | 2.7x |
| Mon, 04 Mar 2024 | CA$3.0b | CA$1.1b | -CA$832,964,728.00 | n/a | -3.5x | 2.7x |
| Wed, 31 Jan 2024 | CA$3.6b | CA$1.1b | -CA$387,958,728.00 | n/a | -9.2x | 3.3x |
| Fri, 29 Dec 2023 | CA$3.5b | CA$1.1b | -CA$387,958,728.00 | n/a | -9x | 3.2x |
| Sun, 26 Nov 2023 | CA$3.0b | CA$1.1b | -CA$387,958,728.00 | n/a | -7.7x | 2.8x |
| Tue, 24 Oct 2023 | CA$2.8b | CA$1.1b | -CA$232,577,395.00 | n/a | -12.2x | 2.6x |
| Thu, 21 Sep 2023 | CA$3.7b | CA$1.1b | -CA$232,577,395.00 | n/a | -16.1x | 3.4x |
| Sat, 19 Aug 2023 | CA$3.8b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.5x | 3.5x |
| Mon, 17 Jul 2023 | CA$4.1b | CA$1.1b | -CA$1,035,067.00 | 34.4x | -3929.6x | 3.6x |
| Wed, 14 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 49.1x | -4293.7x | 3.9x |
| Fri, 12 May 2023 | CA$4.5b | CA$1.1b | -CA$1,019,529.00 | 49.4x | -4386.1x | 4x |
| Sun, 09 Apr 2023 | CA$4.6b | CA$1.1b | CA$195.6m | 14.2x | 23.4x | 4x |
| Tue, 07 Mar 2023 | CA$5.8b | CA$1.1b | CA$262.3m | 10.7x | 22.2x | 5.1x |
| Thu, 02 Feb 2023 | CA$6.1b | CA$1.3b | CA$793.7m | 4.4x | 7.7x | 4.9x |
| Sat, 31 Dec 2022 | CA$5.1b | CA$1.3b | CA$793.7m | 4.1x | 6.4x | 4.1x |
| Mon, 28 Nov 2022 | CA$5.4b | CA$1.3b | CA$793.7m | 4.4x | 6.8x | 4.3x |
| Wed, 26 Oct 2022 | CA$5.6b | CA$1.2b | CA$935.3m | 5.9x | 6x | 4.5x |
| Fri, 23 Sep 2022 | CA$5.6b | CA$1.2b | CA$935.3m | 5.7x | 6x | 4.5x |
| Sun, 21 Aug 2022 | CA$6.4b | CA$1.2b | CA$935.3m | 6.3x | 6.8x | 5.1x |
| Tue, 19 Jul 2022 | CA$6.3b | CA$1.2b | CA$891.4m | 6.8x | 7.1x | 5.1x |
| Thu, 16 Jun 2022 | CA$6.8b | CA$1.2b | CA$891.4m | 7.4x | 7.6x | 5.4x |
| Sat, 14 May 2022 | CA$7.5b | CA$1.2b | CA$893.5m | 7.9x | 8.3x | 6x |
| Mon, 11 Apr 2022 | CA$8.6b | CA$1.2b | CA$726.5m | 11.4x | 11.8x | 7.2x |
| Wed, 09 Mar 2022 | CA$8.6b | CA$1.2b | CA$732.8m | 10.8x | 11.7x | 7.2x |
| Fri, 04 Feb 2022 | CA$8.2b | CA$1.2b | CA$703.8m | 10.8x | 11.6x | 6.8x |
| Sun, 02 Jan 2022 | CA$8.3b | CA$1.2b | CA$627.7m | 12.2x | 13.2x | 6.9x |
| Tue, 30 Nov 2021 | CA$8.1b | CA$1.2b | CA$627.7m | 12x | 12.9x | 6.8x |
| Thu, 28 Oct 2021 | CA$8.3b | CA$1.2b | CA$548.7m | 17.7x | 15x | 7x |
| Sat, 25 Sep 2021 | CA$7.9b | CA$1.2b | CA$510.5m | 17.8x | 15.5x | 6.7x |
| Mon, 23 Aug 2021 | CA$7.9b | CA$1.2b | CA$510.5m | 18x | 15.5x | 6.7x |
| Sat, 10 Jul 2021 | CA$8.2b | CA$1.2b | CA$510.5m | 18.3x | 16.1x | 7x |
Price to Earnings Ratio
15.6x
Current Industry PE
- Investors are pessimistic on the Canadian 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 4.9x is higher than the industry's current PS ratio of 2.7x.
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 2.1% per year, which is driving profits down.
Industry Comparison
How does Canadian Office REITs compare with similar industries?
| CA Market | 2.53% | |
| Real Estate | 2.04% | |
| REITS | 0.42% | |
| Office REITs | 0.41% | |
| Residential REITs | 2.82% | |
| Industrial REITs | 2.59% | |
| Hotel and Resort REITs | 1.04% | |
| Retail REITs | 0.78% | |
| Specialized REITs | 0.71% | |
| Diversified REITs | 0.42% | |
| Healthcare REITs | 0% | |
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 | |
|---|---|---|---|---|---|
| AP.UN Allied Properties Real Estate Investment Trust | CA$16.99 | 0.5% +CA$11.2m | -25.9% | PB0.4x | |
| TNT.UN True North Commercial Real Estate Investment Trust | CA$9.62 | 2.7% +CA$1.9m | -35.7% | PB0.3x |