U.S. Residential REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies21
- 7D3.6%
- 3M8.2%
- 1Y0.9%
- YTD0.8%
The Residential REITs industry is up 3.6% in the last week, with AvalonBay Communities up 3.7%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are forecast to decline by 4.3% per annum.
Industry Valuation and Performance
Has the U.S. Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | US$194.7b | US$24.7b | US$5.2b | 28.9x | 37.3x | 7.9x |
| Sat, 06 Apr 2024 | US$184.0b | US$24.5b | US$4.9b | 27.7x | 37.9x | 7.5x |
| Mon, 04 Mar 2024 | US$185.4b | US$24.4b | US$4.9b | 27.3x | 38.2x | 7.6x |
| Wed, 31 Jan 2024 | US$184.1b | US$24.3b | US$5.5b | 33.1x | 33.5x | 7.6x |
| Fri, 29 Dec 2023 | US$192.1b | US$24.3b | US$5.5b | 34.9x | 35.1x | 7.9x |
| Sun, 26 Nov 2023 | US$177.2b | US$24.3b | US$5.5b | 31.8x | 32.4x | 7.3x |
| Tue, 24 Oct 2023 | US$170.1b | US$24.1b | US$5.3b | 29.8x | 32.3x | 7.1x |
| Thu, 21 Sep 2023 | US$187.5b | US$24.1b | US$5.3b | 32.6x | 35.7x | 7.8x |
| Sat, 19 Aug 2023 | US$188.9b | US$24.1b | US$5.3b | 32.6x | 35.9x | 7.9x |
| Mon, 17 Jul 2023 | US$203.0b | US$23.7b | US$5.6b | 30.8x | 36.4x | 8.6x |
| Wed, 14 Jun 2023 | US$197.7b | US$23.7b | US$5.6b | 29.4x | 35.5x | 8.4x |
| Fri, 12 May 2023 | US$193.6b | US$23.7b | US$5.6b | 28.5x | 34.7x | 8.2x |
| Sun, 09 Apr 2023 | US$185.8b | US$23.0b | US$5.8b | 30.3x | 31.9x | 8.1x |
Price to Earnings Ratio
30x
Current Industry PE
- Investors are relatively neutral on the American Residential 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 PE ratio of 34.8x.
- The industry is trading close to its 3-year average PS ratio of 7.8x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 3.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Real Estate industry?
| US Market | 3.31% | |
| Real Estate | 3.33% | |
| Residential REITs | 3.58% | |
| Single-Family Residential REITs | 3.06% | |
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 | |
|---|---|---|---|---|---|
| AVB AvalonBay Communities | US$194.90 | 3.7% +US$989.9m | 8.2% | PB2.4x | |
| EQR Equity Residential | US$66.10 | 3.2% +US$782.7m | 5.5% | PB2.3x | |
| ESS Essex Property Trust | US$254.50 | 3.7% +US$579.8m | 17.4% | PB2.9x | |
| SUI Sun Communities | US$116.72 | 3.5% +US$490.1m | -14.3% | PB2.1x | |
| INVH Invitation Homes | US$34.70 | 1.8% +US$379.8m | 0.6% | PB2.1x |