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Canadian (TSX) Office REITs Industry Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
  • 7D-4.9%
  • 3M-31.4%
  • 1Y-48.9%
  • YTD-46.6%

Over the last 7 days, the Office REITs industry has dropped 4.9%, driven by a pullback from True North Commercial Real Estate Investment Trust of 19%. Overall the industry is down 49% in 12 months. Earnings are forecast to grow by 73% annually.

Industry Valuation and Performance

Has the Canadian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Oct 2023CA$2.8bCA$1.1b-CA$302,896,395.00n/a-9.3x2.6x
Wed, 27 Sep 2023CA$3.3bCA$1.1b-CA$232,577,395.00n/a-14.3x3x
Fri, 25 Aug 2023CA$3.8bCA$1.1b-CA$232,544,067.00n/a-16.5x3.5x
Sun, 23 Jul 2023CA$4.2bCA$1.1b-CA$1,035,067.0036.4x-4055.9x3.7x
Tue, 20 Jun 2023CA$4.4bCA$1.1b-CA$1,035,067.0048.5x-4252.8x3.9x
Thu, 18 May 2023CA$4.4bCA$1.1b-CA$1,019,529.0048.6x-4337.8x3.9x
Sat, 15 Apr 2023CA$4.5bCA$1.1bCA$195.6m14.2x23.1x3.9x
Price to Earnings Ratio


Total Market Cap: CA$4.8bTotal Earnings: CA$195.6mTotal Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Office REITs Industry Price to Earnings3Y Average -1514.2xJulyOctober
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 3.6x is higher than the industry's current PS ratio of 2.6x.
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 Trends

Which industries have driven the changes within the Canadian Real Estate industry?

CA Market-1.70%
Real Estate-1.97%
Office REITs-4.86%
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
AP.UN Allied Properties Real Estate Investment TrustCA$16.384.9%
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