U.S. Office REITs Industry Analysis
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies24
- 7D5.3%
- 3M-3.3%
- 1Y12.3%
- YTD-10.2%
Over the last 7 days, the Office REITs industry has risen 2.6%, driven by gains from Boston Properties of 4.0%. This means that the industry has gained 8.9% over the past year. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | US$45.7b | US$15.8b | -US$1,919,252,000.00 | 49.3x | -23.8x | 2.9x |
| Fri, 17 May 2024 | US$69.7b | US$18.6b | -US$1,839,591,000.00 | 52x | -37.9x | 3.7x |
| Sun, 14 Apr 2024 | US$68.5b | US$18.5b | -US$1,704,925,000.00 | 50x | -40.2x | 3.7x |
| Tue, 12 Mar 2024 | US$69.6b | US$18.5b | -US$1,715,022,000.00 | 52.7x | -40.6x | 3.8x |
| Thu, 08 Feb 2024 | US$66.2b | US$17.9b | -US$1,783,032,000.00 | 32.5x | -37.2x | 3.7x |
| Sat, 06 Jan 2024 | US$71.8b | US$17.8b | -US$1,303,625,000.00 | 41.9x | -55.1x | 4x |
| Mon, 04 Dec 2023 | US$67.1b | US$17.8b | -US$1,303,625,000.00 | 37.8x | -51.5x | 3.8x |
| Wed, 01 Nov 2023 | US$54.3b | US$18.1b | -US$677,271,000.00 | 26.1x | -80.1x | 3x |
| Fri, 29 Sep 2023 | US$59.8b | US$18.1b | US$40.9m | 21.6x | 1463.5x | 3.3x |
| Sun, 27 Aug 2023 | US$65.3b | US$18.1b | US$40.9m | 27.7x | 1599.3x | 3.6x |
| Tue, 25 Jul 2023 | US$67.5b | US$18.0b | US$1.0b | 20.8x | 67.5x | 3.7x |
| Thu, 22 Jun 2023 | US$60.3b | US$18.0b | US$1.3b | 19x | 45.4x | 3.3x |
| Sat, 20 May 2023 | US$57.2b | US$18.0b | US$1.3b | 18.8x | 43.1x | 3.2x |
| Mon, 17 Apr 2023 | US$59.3b | US$18.1b | US$1.7b | 18.9x | 34.4x | 3.3x |
Price to Earnings Ratio
35.4x
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 3.5x is higher than the industry's current PS ratio of 2.9x.
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 4.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the U.S. Real Estate industry?
| US Market | 1.63% | |
| Real Estate | 0.90% | |
| Office REITs | 5.31% | |
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 | |
|---|---|---|---|---|---|
| BXP Boston Properties | US$62.05 | 6.3% +US$574.8m | 14.7% | PB1.7x | |
| VNO Vornado Realty Trust | US$26.18 | 10.2% +US$461.0m | 68.4% | PB1.1x | |
| SLG SL Green Realty | US$57.38 | 9.1% +US$309.8m | 121.4% | PB1.1x | |
| HIW Highwoods Properties | US$26.18 | 6.9% +US$179.1m | 16.4% | PB1.2x | |
| CUZ Cousins Properties | US$23.30 | 4.4% +US$149.0m | 7.3% | PB0.8x |