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Best Office REIT Stocks to Buy Now (2024)
Top office reit stocks in 2024 ranked by overall Zen Score. See the best office reit stocks to buy now, according to analyst forecasts for the reit - office industry.

Industry: REIT - Office
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
KRC
KILROY REALTY CORP
$3.98B3.80%1.80%N/A2.10%1.10N/A69.60%18.40%29.85%
HIW
HIGHWOODS PROPERTIES INC
$2.84B5.40%2.10%N/A2.90%1.51N/A67.10%15.40%32.56%
DEA
EASTERLY GOVERNMENT PROPERTIES INC
$1.22B1.50%0.70%N/A1.80%1.18N/A64.70%6.80%24.42%
ARE
ALEXANDRIA REAL ESTATE EQUITIES INC
$21.08B1.00%0.50%N/A0.60%0.81N/A70.50%6.20%10.07%
CUZ
COUSINS PROPERTIES INC
$3.56B1.60%1.00%N/A1.80%0.71N/A67.10%9.10%22.66%
EQC
EQUITY COMMONWEALTH
$2.02B3.60%3.50%N/A35.50%0.01N/A55.50%142.80%157.47%
BXP
BOSTON PROPERTIES INC
$9.54B3.20%0.80%N/A1.90%3.04N/A62.80%5.80%23.52%
ESBA
EMPIRE STATE REALTY OP LP
$253.66M4.70%1.90%N/A3.40%1.45N/A54.20%10.80%25.49%
VNO
VORNADO REALTY TRUST
$4.99B0.80%0.30%N/A2.00%1.79N/A50.00%2.40%26.72%
PSTL
POSTAL REALTY TRUST INC
$311.56M1.60%0.70%N/A1.80%1.09N/A75.90%5.80%20.59%
CDP
COPT DEFENSE PROPERTIES
$2.77B-7.70%-2.80%N/A-0.70%1.81N/A54.60%-16.80%-6.13%
CIO
CITY OFFICE REIT INC
$194.35M-1.50%-0.70%N/A1.40%0.96N/A60.60%-6.40%16.50%
BDN
BRANDYWINE REALTY TRUST
$807.95M-14.80%-5.40%N/A-1.90%1.90N/A63.60%-40.80%-21.49%
CMCT
CREATIVE MEDIA & COMMUNITY TRUST CORP
$69.96M-20.20%-8.30%N/A-0.90%1.37N/A47.60%-63.50%-10.20%
JBGS
JBG SMITH PROPERTIES
$1.37B-5.70%-2.40%N/A-0.30%1.30N/A66.50%-22.40%-3.89%
SLG
SL GREEN REALTY CORP
$3.34B-14.20%-5.60%N/A-2.80%1.39N/A61.70%-63.40%-46.78%
PDM
PIEDMONT OFFICE REALTY TRUST INC
$856.09M-4.30%-1.80%N/A0.60%1.38N/A59.20%-12.90%5.88%
OPI
OFFICE PROPERTIES INCOME TRUST
$139.91M-5.80%-1.90%N/A0.70%2.17N/A83.20%-13.70%8.71%
FSP
FRANKLIN STREET PROPERTIES CORP
$199.62M-8.00%-5.10%N/A-2.20%0.48N/A45.90%-41.70%-23.31%
HPP
HUDSON PACIFIC PROPERTIES INC
$777.71M-7.10%-2.60%N/A0.10%1.51N/A50.90%-24.50%1.53%
PGRE
PARAMOUNT GROUP INC
$1.05B-7.50%-3.10%N/A-0.80%1.20N/A60.30%-33.90%-12.56%
DEI
DOUGLAS EMMETT INC
$2.32B-1.80%-0.40%N/A1.10%2.61N/A64.60%-4.20%16.34%
ONL
ORION OFFICE REIT INC
$192.45M-6.20%-3.80%N/A-1.50%0.61N/A68.80%-29.40%-13.93%

Office REIT Stocks FAQ

What are the best office reit stocks to buy right now in May 2024?

According to Zen Score, the 3 best office reit stocks to buy right now are:

1. Kilroy Realty (NYSE:KRC)


Kilroy Realty (NYSE:KRC) is the top office reit stock with a Zen Score of 41, which is 21 points higher than the office reit industry average of 20. It passed 15 out of 38 due diligence checks and has strong fundamentals. Kilroy Realty has seen its stock return 23.92% over the past year, overperforming other office reit stocks by 8 percentage points.

Kilroy Realty has an average 1 year price target of $40.50, an upside of 19.36% from Kilroy Realty's current stock price of $33.93.

Kilroy Realty stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Kilroy Realty, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Highwoods Properties (NYSE:HIW)


Highwoods Properties (NYSE:HIW) is the second best office reit stock with a Zen Score of 38, which is 18 points higher than the office reit industry average of 20. It passed 13 out of 38 due diligence checks and has average fundamentals. Highwoods Properties has seen its stock return 23.19% over the past year, overperforming other office reit stocks by 8 percentage points.

Highwoods Properties has an average 1 year price target of $24.80, a downside of -7.36% from Highwoods Properties's current stock price of $26.77.

Highwoods Properties stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Highwoods Properties, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

3. Easterly Government Properties (NYSE:DEA)


Easterly Government Properties (NYSE:DEA) is the third best office reit stock with a Zen Score of 36, which is 16 points higher than the office reit industry average of 20. It passed 13 out of 38 due diligence checks and has average fundamentals. Easterly Government Properties has seen its stock lose -14.96% over the past year, underperforming other office reit stocks by -30 percentage points.

Easterly Government Properties has an average 1 year price target of $13.00, an upside of 9.43% from Easterly Government Properties's current stock price of $11.88.

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

What are the office reit stocks with highest dividends?

Out of 20 office reit stocks that have issued dividends in the past year, the 3 office reit stocks with the highest dividend yields are:

1. Office Properties Income Trust (NASDAQ:OPI)


Office Properties Income Trust (NASDAQ:OPI) has an annual dividend yield of 18.12%, which is 12 percentage points higher than the office reit industry average of 6.26%. Office Properties Income Trust's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Office Properties Income Trust's dividend has not shown consistent growth over the last 10 years.

Office Properties Income Trust's dividend payout ratio of -33.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Brandywine Realty Trust (NYSE:BDN)


Brandywine Realty Trust (NYSE:BDN) has an annual dividend yield of 13.65%, which is 7 percentage points higher than the office reit industry average of 6.26%. 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 -52% indicates that its high dividend yield might not be sustainable for the long-term.

3. Creative Media & Community Trust (NASDAQ:CMCT)


Creative Media & Community Trust (NASDAQ:CMCT) has an annual dividend yield of 11.07%, which is 5 percentage points higher than the office reit industry average of 6.26%. Creative Media & Community Trust's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Creative Media & Community Trust's dividend has not shown consistent growth over the last 10 years.

Creative Media & Community Trust's dividend payout ratio of -7.7% 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 0.6% in the last day, and up 2.14% 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 WallStreetZen's Valuation Score, the 3 most undervalued office reit stocks right now are:

1. Kilroy Realty (NYSE:KRC)


Kilroy Realty (NYSE:KRC) is the most undervalued office reit stock based on WallStreetZen's Valuation Score. Kilroy Realty has a valuation score of 71, which is 50 points higher than the office reit industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Kilroy Realty's stock has gained 23.92% in the past year. It has overperformed other stocks in the office reit industry by 8 percentage points.

2. Highwoods Properties (NYSE:HIW)


Highwoods Properties (NYSE:HIW) is the second most undervalued office reit stock based on WallStreetZen's Valuation Score. Highwoods Properties has a valuation score of 57, which is 36 points higher than the office reit industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Highwoods Properties's stock has gained 23.19% in the past year. It has overperformed other stocks in the office reit industry by 8 percentage points.

3. Cousins Properties (NYSE:CUZ)


Cousins Properties (NYSE:CUZ) is the third most undervalued office reit stock based on WallStreetZen's Valuation Score. Cousins Properties has a valuation score of 43, which is 22 points higher than the office reit industry average of 21. It passed 3 out of 7 valuation due diligence checks.

Cousins Properties's stock has gained 14.34% in the past year. It has underperformed other stocks in the office reit industry by -1 percentage points.

Are office reit stocks a good buy now?

43.75% of office reit stocks rated by analysts are a hold right now. On average, analysts expect office reit stocks to rise by 10.45% over the next year.

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

The average P/E ratio of the reit - office industry is 57.2x.
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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.