Sectors & Industries Real EstateREIT - Office
Best Office REIT Stocks to Buy Now (2025)
Top office reit stocks in 2025 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best office reit stocks to buy now. Learn More.

Industry: REIT - Office

Growth Financials Momentum Sentiment Forecast Dividends Due Diligence

REIT - Office is Zen Rated F and is the 140th ranked industry out of 145 stock market industries

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
PSTL	POSTAL REALTY TRUST INC	$12.75	$6.45	97.70%	60.71x	13.20x	3.77x	1.20x	0.86x	-$51.30M	-17.83%	$251.29M	11.14	$595.25M	14.53
NLOP	NET LEASE OFFICE PROPERTIES	$30.50	N/A	N/A	-4.94x	N/A	3.17x	0.78x	N/A	$369.61M	81.94%	$581.23M	39.30	$552.62M	9.30
KRC	KILROY REALTY CORP	$31.96	$28.10	13.72%	17.96x	7.98x	3.31x	0.70x	0.63x	$59.52M	1.58%	$5.38B	45.75	$8.34B	11.68
VNO	VORNADO REALTY TRUST	$36.00	$4.60	683.38%	900.00x	16.44x	3.84x	1.33x	2.94x	$105.72M	1.54%	$5.16B	27.07	$14.91B	15.65
PDM	PIEDMONT OFFICE REALTY TRUST INC	$6.28	N/A	N/A	-12.82x	4.41x	1.37x	0.50x	N/A	$35.00k	0.00%	$1.56B	12.56	$2.96B	10.42
CDP	COPT DEFENSE PROPERTIES	$26.19	$20.57	27.34%	20.95x	9.85x	3.95x	1.98x	0.69x	$70.98M	2.40%	$1.49B	13.21	$5.39B	14.19
HIW	HIGHWOODS PROPERTIES INC	$28.66	$27.08	5.82%	17.91x	8.55x	3.79x	1.32x	0.57x	$415.28M	13.45%	$2.35B	21.80	$6.39B	10.34
CUZ	COUSINS PROPERTIES INC	$27.77	$14.51	91.32%	84.15x	9.96x	5.19x	0.97x	0.78x	-$656.61M	-14.09%	$4.81B	28.69	$7.68B	13.59
SLG	SL GREEN REALTY CORP	$53.52	N/A	N/A	-130.54x	9.95x	4.02x	0.99x	N/A	-$182.25M	-4.84%	$3.84B	54.48	$9.65B	22.50
DEA	EASTERLY GOVERNMENT PROPERTIES INC	$20.63	$16.49	25.08%	49.12x	6.82x	2.90x	0.69x	0.52x	-$189.69M	-21.27%	$1.33B	30.86	$2.51B	13.62
FSP	FRANKLIN STREET PROPERTIES CORP	$1.50	N/A	N/A	-2.34x	N/A	1.34x	0.25x	N/A	$50.85M	32.73%	$633.39M	6.12	$371.86M	63.90
ONL	ORION PROPERTIES INC	$1.90	N/A	N/A	-1.03x	N/A	0.64x	0.14x	N/A	$36.75M	34.58%	$763.92M	13.67	$581.23M	18.96
DEI	DOUGLAS EMMETT INC	$14.21	$6.51	118.14%	109.31x	9.83x	2.41x	1.16x	0.88x	$169.30M	7.11%	$2.06B	12.29	$7.44B	11.83
CIO	CITY OFFICE REIT INC	$5.25	N/A	N/A	-8.33x	5.15x	1.23x	0.29x	N/A	$28.28M	13.41%	$733.86M	18.28	$824.89M	10.86
BDN	BRANDYWINE REALTY TRUST	$4.06	N/A	N/A	-3.36x	6.29x	1.40x	0.71x	N/A	$184.25M	26.26%	$993.59M	5.75	$2.91B	30.92
BXP	BXP INC	$64.28	$11.25	471.42%	714.22x	9.32x	2.97x	1.88x	2.14x	$100.41M	0.99%	$5.41B	34.38	$25.82B	16.67
JBGS	JBG SMITH PROPERTIES	$14.51	N/A	N/A	-7.84x	N/A	2.26x	0.67x	N/A	-$93.85M	-7.93%	$1.57B	19.27	$3.45B	18.12
PGRE	PARAMOUNT GROUP INC	$4.60	N/A	N/A	-15.33x	8.85x	1.33x	0.33x	N/A	$84.66M	8.43%	$3.09B	14.16	$4.07B	11.87
ARE	ALEXANDRIA REAL ESTATE EQUITIES INC	$73.42	$40.61	80.78%	96.61x	7.91x	4.09x	0.73x	0.72x	$213.14M	1.68%	$17.46B	100.96	$25.31B	15.85
HPP	HUDSON PACIFIC PROPERTIES INC	$2.18	N/A	N/A	-0.84x	5.85x	0.37x	0.11x	N/A	-$36.40M	-11.83%	$2.86B	20.22	$4.83B	25.36
CMCT	CREATIVE MEDIA & COMMUNITY TRUST CORP	$6.06	N/A	N/A	-0.01x	-0.02x	0.01x	0.01x	N/A	-$5.14M	-497.64%	$304.52M	1,786.65	$456.08M	11.34
ESBA	EMPIRE STATE REALTY OP LP	$6.66	$1.73	284.03%	22.97x	N/A	0.00x	0.09x	21.89x	$83.94M	4,761.53%	$1.78B	6,731.85	$2.19B	5.81
OPI	OFFICE PROPERTIES INCOME TRUST	$0.34	N/A	N/A	-0.11x	0.32x	0.05x	0.02x	N/A	$97.95M	411.05%	$1.11B	15.98	$2.31B	12.68

Office REIT Stocks FAQ

What are the best office reit stocks to buy right now in May 2025?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best office reit stocks to buy right now are:

1. Postal Realty Trust (NYSE:PSTL)

Postal Realty Trust (NYSE:PSTL) is the #1 top office reit stock out of 23 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Postal Realty Trust (NYSE:PSTL) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: B.

Postal Realty Trust (NYSE:PSTL) has a Due Diligence Score of 47, which is 25 points higher than the office reit industry average of 22.

PSTL passed 18 out of 38 due diligence checks and has strong fundamentals. Postal Realty Trust has seen its stock lose -7.61% over the past year, overperforming other office reit stocks by 55 percentage points.

Postal Realty Trust has an average 1 year price target of $16.50, an upside of 29.41% from Postal Realty Trust's current stock price of $12.75.

Postal Realty Trust stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Postal Realty Trust, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Net Lease Office Properties (NYSE:NLOP)

Net Lease Office Properties (NYSE:NLOP) is the #2 top office reit stock out of 23 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Net Lease Office Properties (NYSE:NLOP) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.

Net Lease Office Properties (NYSE:NLOP) has a Due Diligence Score of 11, which is -11 points lower than the office reit industry average of 22.

NLOP passed 3 out of 33 due diligence checks and has weak fundamentals. Net Lease Office Properties has seen its stock return 32.78% over the past year, overperforming other office reit stocks by 96 percentage points.

Net Lease Office Properties has an average 1 year price target of $46.00, an upside of 50.82% from Net Lease Office Properties's current stock price of $30.50.

Net Lease Office Properties stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Net Lease Office Properties, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Kilroy Realty (NYSE:KRC)

Kilroy Realty (NYSE:KRC) is the #3 top office reit stock out of 23 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Kilroy Realty (NYSE:KRC) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: A, Financials: C, and AI: C.

Kilroy Realty (NYSE:KRC) has a Due Diligence Score of 39, which is 17 points higher than the office reit industry average of 22.

KRC passed 14 out of 38 due diligence checks and has average fundamentals. Kilroy Realty has seen its stock lose -3.79% over the past year, overperforming other office reit stocks by 59 percentage points.

Kilroy Realty has an average 1 year price target of $39.30, an upside of 22.97% from Kilroy Realty's current stock price of $31.96.

Kilroy Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Kilroy Realty, 30% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the office reit stocks with highest dividends?

Out of 17 office reit stocks that have issued dividends in the past year, the 3 office reit stocks with the highest dividend yields are:

1. Easterly Government Properties (NYSE:DEA)

Easterly Government Properties (NYSE:DEA) has an annual dividend yield of 12.85%, which is -8 percentage points lower than the office reit industry average of 21.07%. Easterly Government Properties's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Easterly Government Properties's dividend has shown consistent growth over the last 10 years.

Easterly Government Properties's dividend payout ratio of 631% indicates that its high dividend yield might not be sustainable for the long-term.

2. Orion Properties (NYSE:ONL)

Orion Properties (NYSE:ONL) has an annual dividend yield of 11.58%, which is -9 percentage points lower than the office reit industry average of 21.07%.

Orion Properties's dividend payout ratio of -21.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. Brandywine Realty Trust (NYSE:BDN)

Brandywine Realty Trust (NYSE:BDN) has an annual dividend yield of 11.08%, which is -10 percentage points lower than the office reit industry average of 21.07%. Brandywine Realty Trust's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Brandywine Realty Trust's dividend has not shown consistent growth over the last 10 years.

Brandywine Realty Trust's dividend payout ratio of -49.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are office reit stocks up?

Office reit stocks were up 1.32% in the last day, and down -1.13% over the last week.

We couldn't find a catalyst for why office reit stocks are up.

What are the most undervalued office reit stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued office reit stocks right now are:

1. Copt Defense Properties (NYSE:CDP)

Copt Defense Properties (NYSE:CDP) is the most undervalued office reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Copt Defense Properties has a valuation score of 43, which is 21 points higher than the office reit industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Copt Defense Properties's stock has gained 9.26% in the past year. It has overperformed other stocks in the office reit industry by 72 percentage points.

2. Kilroy Realty (NYSE:KRC)

Kilroy Realty (NYSE:KRC) is the second most undervalued office reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Kilroy Realty has a valuation score of 57, which is 35 points higher than the office reit industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Kilroy Realty's stock has dropped -3.79% in the past year. It has overperformed other stocks in the office reit industry by 59 percentage points.

3. Alexandria Real Estate Equities (NYSE:ARE)

Alexandria Real Estate Equities (NYSE:ARE) is the third most undervalued office reit stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Alexandria Real Estate Equities has a valuation score of 43, which is 21 points higher than the office reit industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Alexandria Real Estate Equities's stock has dropped -37.14% in the past year. It has overperformed other stocks in the office reit industry by 26 percentage points.

Are office reit stocks a good buy now?

41.18% of office reit stocks rated by analysts are a buy right now. On average, analysts expect office reit stocks to rise by 30.87% over the next year.

0% of office reit stocks have a Zen Rating of A (Strong Buy), 0% of office reit stocks are rated B (Buy), 50% are rated C (Hold), 45% are rated D (Sell), and 5% are rated F (Strong Sell).

What is the average p/e ratio of the reit - office industry?

The average P/E ratio of the reit - office industry is 265.7x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.