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U.S. Real Estate Sector Analysis

UpdatedDec 05, 2023
DataAggregated Company Financials
Companies323
  • 7D4.8%
  • 3M2.5%
  • 1Y-0.7%
  • YTD2.2%

In the last week, the Real Estate industry is up 4.8%, with Prologis up 7.6%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 9.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 Dec 2023US$1.4tUS$323.0bUS$26.5b29.6x54.1x4.4x
Thu, 02 Nov 2023US$1.3tUS$326.4bUS$27.4b26.1x45.8x3.8x
Sat, 30 Sep 2023US$1.3tUS$325.2bUS$31.5b26.8x41.3x4x
Mon, 28 Aug 2023US$1.4tUS$323.2bUS$31.2b28.5x44.2x4.3x
Wed, 26 Jul 2023US$1.5tUS$326.2bUS$34.4b25.8x42.2x4.5x
Fri, 23 Jun 2023US$1.3tUS$314.0bUS$35.5b23.3x37.8x4.3x
Sun, 21 May 2023US$1.3tUS$314.9bUS$35.5b23.4x36.9x4.2x
Tue, 18 Apr 2023US$1.4tUS$316.3bUS$37.7b24.6x36x4.3x
Thu, 16 Mar 2023US$1.3tUS$315.1bUS$38.1b23.7x35.3x4.3x
Sat, 11 Feb 2023US$1.5tUS$307.0bUS$43.1b24.7x33.8x4.7x
Mon, 09 Jan 2023US$1.4tUS$311.2bUS$45.2b23.4x30.1x4.4x
Wed, 07 Dec 2022US$1.4tUS$311.1bUS$45.1b24.5x30.3x4.4x
Fri, 04 Nov 2022US$1.3tUS$310.1bUS$44.1b24.4x29.1x4.1x
Sun, 02 Oct 2022US$1.3tUS$307.4bUS$41.4b23.8x30.8x4.1x
Tue, 30 Aug 2022US$1.5tUS$307.5bUS$41.4b28x35.9x4.8x
Thu, 28 Jul 2022US$1.5tUS$295.5bUS$40.9b29.4x36.3x5x
Sat, 25 Jun 2022US$1.4tUS$294.6bUS$41.1b27.5x35x4.9x
Mon, 23 May 2022US$1.5tUS$295.3bUS$41.6b29.2x35.8x5x
Wed, 20 Apr 2022US$1.8tUS$280.0bUS$38.1b37.2x46.2x6.3x
Fri, 18 Mar 2022US$1.7tUS$284.6bUS$38.1b36.4x44.1x5.9x
Sun, 13 Feb 2022US$1.7tUS$272.1bUS$32.2b38.7x51.6x6.1x
Tue, 11 Jan 2022US$1.8tUS$268.8bUS$30.1b42.6x58.6x6.6x
Thu, 09 Dec 2021US$1.8tUS$267.4bUS$30.2b42.9x59x6.7x
Sat, 06 Nov 2021US$1.8tUS$264.4bUS$29.1b43.8x60.8x6.7x
Mon, 04 Oct 2021US$1.6tUS$250.0bUS$23.9b45.8x67.8x6.5x
Wed, 01 Sep 2021US$1.7tUS$249.2bUS$23.7b45.4x70.5x6.7x
Thu, 08 Jul 2021US$1.6tUS$247.9bUS$23.9b45x65.7x6.3x
Wed, 31 Mar 2021US$1.4tUS$223.5bUS$17.9b40.1x78.8x6.3x
Sat, 02 Jan 2021US$1.3tUS$224.7bUS$16.7b40x78.4x5.8x
Price to Earnings Ratio

78.4x


Total Market Cap: US$1.3tTotal Earnings: US$16.7bTotal Revenue: US$224.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 51.3x20222023
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 51.3x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate sector?

US Market0.87%
Real Estate4.78%
Office REITs15.83%
Industrial REITs6.91%
Retail REITs5.61%
Specialized REITs4.37%
Hotel and Resort REITs3.98%
Residential REITs3.56%
Real Estate2.95%
REITS2.86%
Health Care REITs2.18%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 343x.
    • Analysts are expecting annual earnings growth of 29.4%, which is higher than its past year's earnings decline of 43.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 4.9% 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
PLD PrologisUS$120.337.6%
+US$7.8b
5.3%PB2.1x
CCI Crown CastleUS$118.4310.5%
+US$4.9b
-14.6%PB7.7x
AMT American TowerUS$208.733.7%
+US$3.5b
-3.2%PB21.5x
SPG Simon Property GroupUS$130.857.5%
+US$3.0b
11.2%PB14.7x
ARE Alexandria Real Estate EquitiesUS$119.8914.2%
+US$2.6b
-20.4%PB1.1x
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Latest News

ARE

US$119.89

Alexandria Real Estate Equities

7D

14.2%

1Y

-20.4%

FOR

US$31.30

Forestar Group

7D

-3.4%

1Y

108.0%

PCH

US$45.79

PotlatchDeltic

7D

-1.9%

1Y

-1.9%

CCI

US$118.43

Crown Castle

7D

10.5%

1Y

-14.6%

EXR

US$137.07

Extra Space Storage

7D

8.2%

1Y

-12.6%

BEKE

US$15.64

KE Holdings

7D

-0.9%

1Y

-4.8%

EQIX

US$822.33

Equinix

7D

3.3%

1Y

20.2%

WELL

US$89.82

Welltower

7D

-0.3%

1Y

28.0%

GGE

US$0.29

Green Giant

7D

-76.5%

1Y

-90.7%