U.S. Office REITs Industry Analysis
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies24
- 7D1.0%
- 3M-5.7%
- 1Y4.5%
- YTD-10.8%
Last week, the Office REITs industry hasn't moved much but Vornado Realty Trust is up 3.1% in that time. As for the the longer term, the industry is up 3.3% over the past 12 months. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | US$45.3b | US$15.8b | -US$1,919,252,000.00 | 48.1x | -23.6x | 2.9x |
| Thu, 06 Jun 2024 | US$45.3b | US$15.6b | -US$1,919,252,000.00 | 48.1x | -23.6x | 2.9x |
| Sat, 04 May 2024 | US$66.8b | US$18.6b | -US$1,736,108,000.00 | 49.7x | -38.5x | 3.6x |
| Mon, 01 Apr 2024 | US$71.5b | US$18.5b | -US$1,704,925,000.00 | 53.9x | -41.9x | 3.9x |
| Wed, 28 Feb 2024 | US$66.7b | US$18.2b | -US$1,571,732,000.00 | 47.7x | -42.4x | 3.7x |
| Fri, 26 Jan 2024 | US$70.5b | US$17.9b | -US$1,406,818,000.00 | 39.9x | -50.1x | 3.9x |
| Sun, 24 Dec 2023 | US$73.3b | US$17.8b | -US$1,303,625,000.00 | 41.3x | -56.2x | 4.1x |
| Tue, 21 Nov 2023 | US$59.5b | US$17.8b | -US$1,303,625,000.00 | 34.3x | -45.7x | 3.3x |
| Thu, 19 Oct 2023 | US$57.9b | US$18.1b | US$40.9m | 22x | 1416.3x | 3.2x |
| Sat, 16 Sep 2023 | US$65.0b | US$18.1b | US$40.9m | 26.6x | 1589.8x | 3.6x |
| Mon, 14 Aug 2023 | US$68.2b | US$18.1b | US$40.9m | 28.8x | 1668.1x | 3.8x |
| Wed, 12 Jul 2023 | US$65.1b | US$18.0b | US$1.3b | 22x | 49.1x | 3.6x |
| Fri, 09 Jun 2023 | US$61.6b | US$18.0b | US$1.3b | 19.3x | 46.4x | 3.4x |
| Sun, 07 May 2023 | US$60.1b | US$18.1b | US$1.4b | 20x | 43.8x | 3.3x |
| Tue, 04 Apr 2023 | US$62.5b | US$18.1b | US$1.7b | 21.5x | 35.7x | 3.5x |
Price to Earnings Ratio
35.7x
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 | 1.77% | |
| Real Estate | 0.77% | |
| Office REITs | 1.04% | |
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 | |
|---|---|---|---|---|---|
| VNO Vornado Realty Trust | US$26.30 | 3.1% +US$152.4m | 42.8% | PB1.1x | |
| SLG SL Green Realty | US$55.88 | 1.6% +US$57.7m | 76.9% | PB1x | |
| KRC Kilroy Realty | US$31.74 | 1.5% +US$55.2m | -0.6% | PB0.7x | |
| JBGS JBG SMITH Properties | US$15.69 | 3.9% +US$52.2m | 0.8% | PB0.6x | |
| HPP Hudson Pacific Properties | US$5.02 | 6.8% +US$45.1m | 0.8% | PB0.3x |