Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Real Estate Sector Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies288
  • 7D-0.7%
  • 3M-2.7%
  • 1Y-0.8%
  • YTD0.01%

The Real Estate is pretty flat in the last 7 days, but Fermi has stood out, gaining 16%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the U.S. Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026US$1.5tUS$339.2bUS$32.2b29x46.8x4.4x
Wed, 03 Dec 2025US$1.5tUS$338.2bUS$32.8b29.2x46.8x4.5x
Fri, 31 Oct 2025US$1.5tUS$335.3bUS$30.9b27.8x48.9x4.5x
Sun, 28 Sep 2025US$1.5tUS$331.7bUS$30.9b28.6x49.8x4.6x
Tue, 26 Aug 2025US$1.5tUS$331.2bUS$31.0b29.6x49.7x4.7x
Thu, 24 Jul 2025US$1.5tUS$326.2bUS$29.5b30.5x51.9x4.7x
Sat, 21 Jun 2025US$1.5tUS$326.3bUS$29.9b29.9x49.9x4.6x
Mon, 19 May 2025US$1.5tUS$326.5bUS$29.8b28.7x50.7x4.6x
Wed, 16 Apr 2025US$1.4tUS$321.3bUS$28.7b29.5x49.9x4.5x
Fri, 14 Mar 2025US$1.6tUS$326.5bUS$30.0b31x51.9x4.8x
Sun, 09 Feb 2025US$1.6tUS$320.6bUS$28.1b31.7x55.9x4.9x
Tue, 07 Jan 2025US$1.5tUS$320.0bUS$27.4b31.3x55.9x4.8x
Thu, 05 Dec 2024US$1.6tUS$320.0bUS$27.4b34.6x59.9x5.1x
Sat, 02 Nov 2024US$1.6tUS$317.5bUS$26.9b33.7x59.6x5.1x
Mon, 30 Sep 2024US$1.6tUS$315.7bUS$27.2b34x60.6x5.2x
Wed, 28 Aug 2024US$1.6tUS$314.7bUS$27.1b34x58.7x5.1x
Fri, 26 Jul 2024US$1.5tUS$310.8bUS$26.7b32.1x55.6x4.8x
Sun, 23 Jun 2024US$1.4tUS$306.5bUS$27.7b30.4x50.2x4.5x
Tue, 21 May 2024US$1.4tUS$306.9bUS$27.9b30.6x50.8x4.6x
Thu, 18 Apr 2024US$1.3tUS$306.9bUS$28.0b28.5x46.6x4.3x
Sat, 16 Mar 2024US$1.4tUS$306.1bUS$28.2b29x49.7x4.6x
Mon, 12 Feb 2024US$1.4tUS$306.0bUS$26.1b30.1x52.9x4.5x
Wed, 10 Jan 2024US$1.5tUS$323.0bUS$26.6b30.9x56.2x4.6x
Fri, 08 Dec 2023US$1.4tUS$323.1bUS$26.5b29.5x53.7x4.4x
Sun, 05 Nov 2023US$1.3tUS$323.9bUS$28.1b28x47.4x4.1x
Tue, 03 Oct 2023US$1.3tUS$325.2bUS$31.5b26.4x41.4x4x
Thu, 31 Aug 2023US$1.4tUS$318.8bUS$27.1b29.9x50.3x4.3x
Sat, 29 Jul 2023US$1.4tUS$326.3bUS$34.3b27.4x41.6x4.4x
Mon, 26 Jun 2023US$1.4tUS$322.9bUS$34.0b23x40.3x4.2x
Wed, 24 May 2023US$1.3tUS$314.8bUS$35.5b23.2x36.9x4.2x
Fri, 21 Apr 2023US$1.3tUS$316.8bUS$36.9b24.4x36.4x4.2x
Sun, 19 Mar 2023US$617.1bUS$126.7bUS$15.5b22.8x39.8x4.9x
Tue, 14 Feb 2023US$1.5tUS$312.1bUS$43.1b24.9x34.1x4.7x
Thu, 12 Jan 2023US$1.4tUS$311.4bUS$45.1b24.3x31.2x4.5x
Price to Earnings Ratio

31.2x


Total Market Cap: US$1.4tTotal Earnings: US$45.1bTotal Revenue: US$311.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 49.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Real Estate 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 49.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 sector?

US Market-0.99%
Real Estate-0.72%
REITS0.55%
Industrial REITs0.036%
Specialized REITs-0.21%
Health Care REITs-0.56%
Residential REITs-0.65%
Office REITs-0.67%
Hotel and Resort REITs-1.08%
Retail REITs-1.17%
Real Estate-2.58%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 326x.
    • Analysts are expecting annual earnings growth of 28.1%, which is lower than the prior year's growth of 33.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FRMI FermiUS$8.8215.7%
+US$736.8m		n/an/a
O Realty IncomeUS$57.311.1%
+US$570.3m		7.6%PB1.4x
IRM Iron MountainUS$83.241.5%
+US$369.5m		-21.2%PE154.5x
PLD PrologisUS$129.050.3%
+US$315.8m		22.2%PB2.3x
CCI Crown CastleUS$88.700.5%
+US$182.9m		-1.4%PS6x

Latest News

IRM
US$83.24
Iron Mountain
7D
1.5%
1Y
-21.2%
VTR
US$77.33
Ventas
7D
-2.9%
1Y
32.6%
INVH
US$27.72
Invitation Homes
7D
1.0%
1Y
-13.2%
ZG
US$65.61
Zillow Group
7D
-5.7%
1Y
-8.1%
CCI
US$88.70
Crown Castle
7D
0.5%
1Y
-1.4%

CCI: Tower-Only Pivot And Cost Cuts Will Drive Future Cash Flow

Analysts have modestly reduced their price target on Crown Castle by about $1 to roughly $113 per share, reflecting slightly lower fair value estimates along with expectations for higher discount rates, weaker revenue growth, and softer profit margins, even as they highlight operational improvements and the strategic benefits of a tower only focus. Analyst Commentary Street research points to a more balanced view on Crown Castle, with recent target cuts reflecting legal and macro risks while operational progress and the tower only pivot underpin a more constructive stance on the shares.
CSGP
US$65.69
CoStar Group
7D
-2.0%
1Y
-9.1%

CSGP: Rival Partnership Disruptions Will Drive Future Competitive And Share Price Upside

Analysts have modestly lowered their price target on CoStar Group to $60.00 from $70.00, citing a slightly improved competitive outlook from potential disruption to rival partnerships, while maintaining a cautious stance overall. Analyst Commentary Analysts see recent legal and competitive developments in the U.S. online real estate market as incrementally supportive of CoStar's long term positioning, but not yet strong enough to offset concerns about valuation and execution risks.
O
US$57.31
Realty Income
7D
1.1%
1Y
7.6%

O: Higher Dividend And Stable Net Lease Cash Flows Will Support Future Returns

The analyst price target for Realty Income has nudged higher to about $63.35 from roughly $63.38, as analysts balance modestly stronger revenue growth expectations against a slightly higher discount rate and mixed recent target moves clustered around the $60 to $63 range. Analyst Commentary Recent research updates show a mix of optimism and caution around Realty Income, with price targets converging near the low 60 dollar range and ratings generally anchored around market-perform views.
MAA
US$139.13
Mid-America Apartment Communities
7D
1.0%
1Y
-10.3%

MAA: Sunbelt Supply Normalization And Dividend Increases Will Shape Future Performance

The analyst price target for Mid-America Apartment Communities has been trimmed modestly by about $0.70 to approximately $148 per share, as analysts factor in slightly softer long term revenue growth and sector fund flow pressures, partly offset by resilient margins and improving visibility on Sunbelt supply normalization into 2026. Analyst Commentary Recent Street commentary on Mid-America Apartment Communities reflects a balanced mix of optimism around long term fundamentals and caution on nearer term headwinds, leading to modest target cuts and rating changes rather than wholesale shifts in opinion.
JLL
US$335.84
Jones Lang LaSalle
7D
-3.2%
1Y
32.2%

JLL: Margin Expansion And Capital Returns Will Drive Upside Potential

Analysts have raised their fair value estimate for Jones Lang LaSalle to $431 from $378, citing a continuing but moderating recovery in U.S. real estate brokerage activity and slightly improved long term profit margin expectations, despite more tempered revenue growth assumptions. Analyst Commentary Bullish analysts point to the recent price target increases as evidence that confidence in Jones Lang LaSalle’s earnings power and balance sheet resilience is building, even as the pace of recovery in U.S. real estate brokerage normalizes.
AMT
US$174.80
American Tower
7D
-0.9%
1Y
-4.3%
LINE
US$35.42
Lineage
7D
2.2%
1Y
-40.0%
PLD
US$129.05
Prologis
7D
0.3%
1Y
22.2%

PLD: Earnings Guidance And Industrial Leasing Fundamentals Will Shape Future Returns

Analysts have nudged their price target for Prologis modestly higher, with fair value rising from approximately $131.30 to $131.90. This reflects slightly faster revenue growth, resilient profit margins, and a series of upward target revisions following a strong Q3 earnings season for U.S. REITs. Analyst Commentary Recent Street research reflects a generally constructive view on Prologis, with multiple upward adjustments to price targets following Q3 results and updated forecasts.
CBRE
US$160.19
CBRE Group
7D
-2.7%
1Y
21.8%

CBRE: Gradual Brokerage Recovery And Buybacks Will Drive Future Upside

Analysts raised their price target on CBRE Group by about $2 to approximately $183 per share, citing a steadily improving real estate brokerage environment and slightly higher valuation multiples, despite only modest adjustments to growth and profitability assumptions. Analyst Commentary Recent commentary from bullish analysts frames the higher price targets as a reflection of a steady, if moderating, recovery in U.S. real estate brokerage activity, with the current valuation seen as reasonable relative to CBRE Group's execution and cash generation profile.
WELL
US$186.94
Welltower
7D
-0.5%
1Y
48.6%

WELL: Expanded Equity Capacity Will Support Prospective UK Senior Care Acquisition

Analysts have lifted their price target on Welltower materially, from approximately $208 to $251 per share, citing expectations for slightly faster revenue growth, stronger profit margins, and a modestly lower future P/E multiple despite a higher discount rate. What's in the News Filed a new at-the-market follow-on equity shelf for up to $7.5 billion of common stock, expanding financial flexibility for future investments and debt reduction (regulatory filing).
SPG
US$183.97
Simon Property Group
7D
-2.0%
1Y
4.5%

SPG: Future Performance Will Reflect Redevelopment Progress And Measured Premium Mall Expansion

Analysts have nudged their consolidated price target for Simon Property Group modestly higher, with multiple firms lifting estimates in the roughly $6 to $10 per share range to reflect strong Q3 REIT earnings, updated sector models, and improved expectations following recent capital markets activity and transactions. Analyst Commentary Recent Street research reflects a generally constructive outlook on Simon Property Group, with several bullish analysts lifting price targets into the high $180s to low $200s range as they refresh sector models following Q3 results and capital markets activity.
FRMI
US$8.82
Fermi
7D
15.7%
1Y
n/a