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U.S. Real Estate Sector Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies274
  • 7D3.1%
  • 3M5.2%
  • 1Y7.9%
  • YTD9.5%

In the last week, the Real Estate industry is up 1.4%, with Prologis up 2.7%. Meanwhile, KE Holdings actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 6.6%. Looking forward, earnings are forecast to grow by 8.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$1.6tUS$338.8bUS$38.9b30.1x41.8x4.8x
Fri, 08 May 2026US$1.6tUS$340.2bUS$38.2b28.6x42.6x4.8x
Sun, 05 Apr 2026US$1.5tUS$334.6bUS$34.6b27.4x44.4x4.6x
Tue, 03 Mar 2026US$1.6tUS$335.5bUS$35.0b29.1x46.4x4.8x
Thu, 29 Jan 2026US$1.5tUS$333.3bUS$32.1b28.8x48x4.6x
Sat, 27 Dec 2025US$1.5tUS$339.2bUS$32.2b29x47.3x4.5x
Mon, 24 Nov 2025US$1.5tUS$338.1bUS$32.8b28.9x46.5x4.5x
Wed, 22 Oct 2025US$1.6tUS$332.0bUS$30.8b29.2x50.8x4.7x
Fri, 19 Sep 2025US$1.5tUS$331.8bUS$30.9b29.2x50x4.7x
Sun, 17 Aug 2025US$1.5tUS$331.2bUS$31.0b28.7x48.5x4.5x
Tue, 15 Jul 2025US$1.5tUS$325.8bUS$29.9b30.8x50.1x4.6x
Thu, 12 Jun 2025US$1.5tUS$326.3bUS$29.9b29.7x50.7x4.6x
Sat, 10 May 2025US$1.5tUS$325.3bUS$29.8b28.8x49.8x4.6x
Mon, 07 Apr 2025US$1.4tUS$321.4bUS$28.7b28.8x49.2x4.4x
Wed, 05 Mar 2025US$1.6tUS$325.3bUS$30.0b32x54.3x5x
Fri, 31 Jan 2025US$1.5tUS$320.2bUS$27.9b31.8x55x4.8x
Sun, 29 Dec 2024US$1.5tUS$320.0bUS$27.4b31.9x55.5x4.8x
Tue, 26 Nov 2024US$1.6tUS$320.0bUS$27.4b35.6x58.4x5x
Thu, 24 Oct 2024US$1.6tUS$314.8bUS$27.0b34.1x60x5.1x
Sat, 21 Sep 2024US$1.6tUS$315.6bUS$27.2b33.7x60.7x5.2x
Mon, 19 Aug 2024US$1.5tUS$314.6bUS$27.3b32.5x56.4x4.9x
Wed, 17 Jul 2024US$1.5tUS$305.7bUS$27.1b32.4x53.9x4.8x
Fri, 14 Jun 2024US$1.4tUS$306.6bUS$27.7b30.8x50.4x4.6x
Sun, 12 May 2024US$1.4tUS$308.2bUS$27.9b31x49.5x4.5x
Tue, 09 Apr 2024US$1.4tUS$306.7bUS$27.8b29.9x50.1x4.5x
Thu, 07 Mar 2024US$1.4tUS$305.5bUS$28.3b29.2x50x4.6x
Sat, 03 Feb 2024US$1.5tUS$323.7bUS$26.9b29.5x53.9x4.5x
Mon, 01 Jan 2024US$1.5tUS$323.1bUS$26.6b30.9x56.9x4.7x
Wed, 29 Nov 2023US$1.4tUS$323.0bUS$26.5b28.2x51.9x4.3x
Fri, 27 Oct 2023US$1.2tUS$325.4bUS$30.7b25x40.5x3.8x
Sun, 24 Sep 2023US$1.3tUS$325.2bUS$31.5b27x42x4.1x
Tue, 22 Aug 2023US$1.4tUS$323.2bUS$31.2b28.4x44x4.2x
Thu, 20 Jul 2023US$1.4tUS$326.3bUS$35.0b25.9x41.3x4.4x
Sat, 17 Jun 2023US$1.4tUS$314.0bUS$35.5b24.3x38.5x4.4x
Price to Earnings Ratio

38.5x


Total Market Cap: US$1.4tTotal Earnings: US$35.5bTotal Revenue: US$314.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 50.1x202420252026
Current Industry PE
  • Investors are pessimistic on the American Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 42.3x which is lower than its 3-year average PE of 50.1x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 Market-3.33%
Real Estate3.14%
Office REITs8.87%
Industrial REITs4.58%
Hotel and Resort REITs4.56%
Retail REITs4.18%
Health Care REITs3.99%
Residential REITs3.79%
REITS1.85%
Specialized REITs1.67%
Real Estate-0.16%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry even though it's trading below its 3-year average PE ratio of 347x.
    • Analysts are expecting annual earnings growth of 25.4%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 0.6% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 5.5% 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
WELL WelltowerUS$206.775.8%
+US$8.1b		37.0%PB3.3x
PLD PrologisUS$147.525.1%
+US$6.6b		34.7%PB2.6x
PSA Public StorageUS$322.867.9%
+US$4.2b		6.2%PB11.6x
SPG Simon Property GroupUS$211.894.1%
+US$2.7b		31.7%PB14.3x
AMT American TowerUS$190.832.9%
+US$2.5b		-11.1%PB25.2x

Latest News

PLD
US$147.52
Prologis
7D
5.1%
1Y
34.7%
FRMI
US$5.62
Fermi
7D
-14.8%
1Y
n/a
O
US$61.25
Realty Income
7D
2.2%
1Y
6.8%
DLR
US$184.93
Digital Realty Trust
7D
-1.2%
1Y
4.1%
EXR
US$148.23
Extra Space Storage
7D
4.2%
1Y
-2.2%
Narrative Update • Jun 08

EXR: Earnings Execution And Buybacks Will Balance Sector Demand Risks

Narrative Update The analyst fair value estimate for Extra Space Storage has edged up by about $0.50 to $153.60, reflecting recent Street price target increases into the $150 to $158 range as analysts balance demand risks in self storage with relatively stable margin and P/E assumptions. Analyst Commentary Recent Street research around Extra Space Storage points to an active debate on how to balance self storage demand risks with the stock's current P/E and margin assumptions.
IRM
US$126.14
Iron Mountain
7D
-1.8%
1Y
24.8%
AMT
US$190.83
American Tower
7D
2.9%
1Y
-11.1%
PSA
US$322.86
Public Storage
7D
7.9%
1Y
6.2%
BEKE
US$15.97
KE Holdings
7D
-7.3%
1Y
-17.2%
EQIX
US$1,059.84
Equinix
7D
-1.1%
1Y
16.8%
CBRE
US$136.10
CBRE Group
7D
6.4%
1Y
2.4%
Narrative Update • Jun 05

CBRE: Services And Data Centers Will Outweigh AI Disruption Fears

Analysts have raised their fair value estimate for CBRE Group from $142.25 to $149.63, citing updated assumptions around AI-related risks, a modestly lower discount rate, slightly adjusted revenue growth expectations, firmer profit margins, and a somewhat lower future P/E multiple. Analyst Commentary Street research around CBRE Group has been mixed, with some firms outlining supportive views on the core business model and others flagging valuation and sentiment risks.
COMP
US$8.17
Compass
7D
-5.3%
1Y
28.9%
OPEN
US$4.34
Opendoor Technologies
7D
-19.8%
1Y
620.0%
WELL
US$206.77
Welltower
7D
5.8%
1Y
37.0%
Narrative Update • Jun 03

WELL: Data Platform And Higher Margins Will Support Future Upside Potential

Analysts have lifted their price target on Welltower from $260.00 to about $271.37, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that collectively support a higher valuation framework. What's in the News Welltower reported Q1 2026 normalized FFO of $1.47 per share, 23% higher year over year, with revenue growth of 38.3% and same store NOI growth of 16.4%, supported by seniors housing occupancy at 88.8% (Source: Q1 2026 earnings reports).
SPG
US$211.89
Simon Property Group
7D
4.1%
1Y
31.7%
CTRE
US$37.70
CareTrust REIT
7D
-2.7%
1Y
31.2%
Narrative Update • Jun 01

CTRE: Forward Equity And Pipeline Deployment Will Drive Future Upside Potential

The updated analyst price target for CareTrust REIT edges up from about $43.67 to $44.91 per share, supported by recent Street revisions that lifted individual targets to $46 and $49 as analysts refreshed their models following Q1 healthcare REIT earnings and reaffirmed positive views on the stock. Analyst Commentary Recent Street commentary on CareTrust REIT has skewed constructive, with several bullish analysts lifting price targets after updating models around Q1 healthcare REIT earnings and reiterating positive stances on the stock.