Canadian (TSX) Office REITs Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies6
- 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$2.8b | CA$1.1b | -CA$302,896,395.00 | n/a | -9.3x | 2.6x |
| Wed, 27 Sep 2023 | CA$3.3b | CA$1.1b | -CA$232,577,395.00 | n/a | -14.3x | 3x |
| Fri, 25 Aug 2023 | CA$3.8b | CA$1.1b | -CA$232,544,067.00 | n/a | -16.5x | 3.5x |
| Sun, 23 Jul 2023 | CA$4.2b | CA$1.1b | -CA$1,035,067.00 | 36.4x | -4055.9x | 3.7x |
| Tue, 20 Jun 2023 | CA$4.4b | CA$1.1b | -CA$1,035,067.00 | 48.5x | -4252.8x | 3.9x |
| Thu, 18 May 2023 | CA$4.4b | CA$1.1b | -CA$1,019,529.00 | 48.6x | -4337.8x | 3.9x |
| Sat, 15 Apr 2023 | CA$4.5b | CA$1.1b | CA$195.6m | 14.2x | 23.1x | 3.9x |
Price to Earnings Ratio
24.6x
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 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AP.UN Allied Properties Real Estate Investment Trust | CA$16.38 | 4.9% +CA$106.2m | -37.9% | PB0.3x |