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U.S. Office REITs Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies24
- 7D-3.5%
- 3M-1.5%
- 1Y-14.7%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 3.5%, driven by Vornado Realty Trust declining 5.0%. However, the industry is down 15% over the past year. In the next few years, earnings are forecast to decline by 8.2% 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, 18 Nov 2025 | US$52.8b | US$16.4b | -US$537,335,000.00 | 35.2x | -98.3x | 3.2x |
| Thu, 16 Oct 2025 | US$54.5b | US$16.2b | -US$807,521,000.00 | 36.1x | -67.5x | 3.4x |
| Sat, 13 Sep 2025 | US$59.6b | US$16.2b | -US$807,521,000.00 | 38.5x | -73.9x | 3.7x |
| Mon, 11 Aug 2025 | US$52.1b | US$16.3b | -US$808,917,000.00 | 34.9x | -64.4x | 3.2x |
| Wed, 09 Jul 2025 | US$54.1b | US$16.3b | -US$756,442,000.00 | 49.5x | -71.5x | 3.3x |
| Fri, 06 Jun 2025 | US$53.9b | US$16.3b | -US$757,454,000.00 | 45.6x | -71.1x | 3.3x |
| Sun, 04 May 2025 | US$50.3b | US$16.3b | -US$770,835,000.00 | 46.9x | -65.3x | 3.1x |
| Tue, 01 Apr 2025 | US$50.6b | US$15.7b | -US$740,439,200.00 | 70.1x | -68.3x | 3.2x |
| Thu, 27 Feb 2025 | US$52.4b | US$15.2b | -US$1,028,483,000.00 | 109.4x | -51x | 3.4x |
| Sat, 25 Jan 2025 | US$54.5b | US$15.7b | -US$663,144,000.00 | 32x | -82.2x | 3.5x |
| Mon, 23 Dec 2024 | US$55.6b | US$15.7b | -US$817,078,000.00 | 29x | -68.1x | 3.5x |
| Wed, 20 Nov 2024 | US$57.9b | US$15.7b | -US$817,078,000.00 | 43x | -70.9x | 3.7x |
| Fri, 18 Oct 2024 | US$62.2b | US$15.8b | -US$1,001,892,000.00 | 80.4x | -62.1x | 3.9x |
| Sun, 15 Sep 2024 | US$57.6b | US$15.8b | -US$1,012,639,000.00 | 75.5x | -56.9x | 3.6x |
| Tue, 13 Aug 2024 | US$51.9b | US$15.8b | -US$1,028,078,000.00 | 63.4x | -50.4x | 3.3x |
| Thu, 11 Jul 2024 | US$46.3b | US$15.8b | -US$1,919,252,000.00 | 48.9x | -24.1x | 2.9x |
| Sat, 08 Jun 2024 | US$45.4b | US$15.6b | -US$1,919,252,000.00 | 47.6x | -23.7x | 2.9x |
| Mon, 06 May 2024 | US$67.4b | US$18.5b | -US$1,765,636,000.00 | 49.7x | -38.1x | 3.6x |
| Wed, 03 Apr 2024 | US$69.4b | US$18.5b | -US$1,704,925,000.00 | 51.3x | -40.7x | 3.8x |
| Fri, 01 Mar 2024 | US$67.4b | US$18.5b | -US$1,568,930,000.00 | 47.6x | -43x | 3.7x |
| Sun, 28 Jan 2024 | US$71.9b | US$17.9b | -US$1,406,818,000.00 | 39.9x | -51.1x | 4x |
| Tue, 26 Dec 2023 | US$73.2b | US$17.8b | -US$1,303,625,000.00 | 41.3x | -56.2x | 4.1x |
| Thu, 23 Nov 2023 | US$59.7b | US$17.8b | -US$1,303,625,000.00 | 33.8x | -45.8x | 3.4x |
| Sat, 21 Oct 2023 | US$55.5b | US$18.0b | US$23.1m | 19.9x | 2402.7x | 3.1x |
| Mon, 18 Sep 2023 | US$66.9b | US$18.1b | US$40.9m | 25.9x | 1636.3x | 3.7x |
| Wed, 16 Aug 2023 | US$64.9b | US$18.1b | US$40.9m | 28x | 1589.4x | 3.6x |
| Fri, 14 Jul 2023 | US$65.7b | US$18.0b | US$1.3b | 22.4x | 49.5x | 3.6x |
| Sun, 11 Jun 2023 | US$61.6b | US$18.0b | US$1.3b | 19.1x | 46.4x | 3.4x |
| Tue, 09 May 2023 | US$59.3b | US$18.1b | US$1.4b | 19.6x | 42.6x | 3.3x |
| Thu, 06 Apr 2023 | US$61.9b | US$18.1b | US$1.7b | 21.5x | 35.4x | 3.4x |
| Sat, 04 Mar 2023 | US$74.1b | US$18.1b | US$1.7b | 22.9x | 43.6x | 4.1x |
| Mon, 30 Jan 2023 | US$82.4b | US$17.9b | US$2.8b | 36x | 29.2x | 4.6x |
| Wed, 28 Dec 2022 | US$76.2b | US$17.8b | US$2.8b | 34.6x | 26.9x | 4.3x |
| Fri, 25 Nov 2022 | US$79.7b | US$17.8b | US$2.8b | 35.9x | 28.2x | 4.5x |
Price to Earnings Ratio
28.2x
Current Industry PE
- Investors are relatively neutral on the American Office REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
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 2.8% per year, which is driving profits down.
Industry Comparison
How does U.S. Office REITs compare with similar industries?
| US Market | -0.39% | |
| Real Estate | -0.77% | |
| REITS | -0.038% | |
| Office REITs | -3.55% | |
| Healthcare REITs | 0.94% | |
| Specialized REITs | 0.65% | |
| Residential REITs | 0.066% | |
| Diversified REITs | -0.038% | |
| Retail REITs | -0.38% | |
| Hotel and Resort REITs | -0.51% | |
| Industrial REITs | -2.17% | |
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 | |
|---|---|---|---|---|---|
| HIW Highwoods Properties | US$29.14 | 1.3% +US$41.8m | -7.2% | PB1.4x | |
| BDN Brandywine Realty Trust | US$3.49 | 3.3% +US$19.1m | -32.9% | PB0.7x | |
| PDM Piedmont Realty Trust | US$8.31 | 1.2% +US$12.5m | -10.7% | PB0.7x | |
| CMCT Creative Media & Community Trust | US$9.25 | 92.7% +US$3.5m | -85.7% | PS0.06x | |
| CDP COPT Defense Properties | US$28.92 | 0.07% +US$2.3m | -3.1% | PB2.2x |