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U.S. Real Estate Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies286
  • 7D-0.8%
  • 3M1.2%
  • 1Y-4.1%
  • YTD0.8%

Last week, the Real Estate industry hasn't moved much but American Tower is up 3.2% in that time. As for the longer term, the industry has declined 4.1% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025US$1.5tUS$338.7bUS$32.7b28.6x47.1x4.5x
Wed, 15 Oct 2025US$1.5tUS$331.7bUS$31.0b27.8x48.7x4.5x
Fri, 12 Sep 2025US$1.5tUS$331.7bUS$30.9b29.7x50x4.7x
Sun, 10 Aug 2025US$1.5tUS$331.6bUS$31.0b28.4x48x4.5x
Tue, 08 Jul 2025US$1.5tUS$325.8bUS$29.9b29.9x50.2x4.6x
Thu, 05 Jun 2025US$1.5tUS$326.3bUS$29.9b29.4x49.9x4.6x
Sat, 03 May 2025US$1.5tUS$324.0bUS$29.5b29.1x50.4x4.6x
Mon, 31 Mar 2025US$1.5tUS$321.3bUS$28.9b30.7x52.4x4.7x
Wed, 26 Feb 2025US$1.6tUS$323.8bUS$29.1b30.6x54.6x4.9x
Fri, 24 Jan 2025US$1.5tUS$320.2bUS$28.2b31.3x54.4x4.8x
Sun, 22 Dec 2024US$1.5tUS$320.0bUS$27.4b31.9x55.4x4.7x
Tue, 19 Nov 2024US$1.6tUS$319.6bUS$27.4b34.5x58.3x5x
Thu, 17 Oct 2024US$1.7tUS$314.7bUS$26.9b34.1x61.3x5.2x
Sat, 14 Sep 2024US$1.6tUS$315.4bUS$27.2b34.1x60.2x5.2x
Mon, 12 Aug 2024US$1.5tUS$314.1bUS$27.6b30x55.5x4.9x
Wed, 10 Jul 2024US$1.4tUS$305.7bUS$27.1b30.7x51.4x4.6x
Fri, 07 Jun 2024US$1.4tUS$306.4bUS$27.5b30.7x50.7x4.5x
Sun, 05 May 2024US$1.4tUS$307.2bUS$28.6b29.5x47.4x4.4x
Tue, 02 Apr 2024US$1.4tUS$306.8bUS$27.9b31.4x51.3x4.7x
Thu, 29 Feb 2024US$1.4tUS$305.8bUS$28.5b29.6x48.7x4.5x
Sat, 27 Jan 2024US$1.5tUS$323.5bUS$26.9b30.6x54.5x4.5x
Mon, 25 Dec 2023US$1.5tUS$323.1bUS$26.5b31x56.8x4.7x
Wed, 22 Nov 2023US$1.4tUS$323.0bUS$26.5b28.4x51.3x4.2x
Fri, 20 Oct 2023US$1.3tUS$325.3bUS$31.0b25.9x40.5x3.9x
Sun, 17 Sep 2023US$1.4tUS$324.0bUS$31.7b28.3x43.9x4.3x
Tue, 15 Aug 2023US$1.4tUS$322.7bUS$31.4b29.7x45x4.4x
Thu, 13 Jul 2023US$1.4tUS$325.1bUS$34.4b25.4x41.8x4.4x
Sat, 10 Jun 2023US$1.4tUS$314.7bUS$35.5b24.3x38.1x4.3x
Mon, 08 May 2023US$1.4tUS$314.7bUS$35.2b23.4x38.4x4.3x
Wed, 05 Apr 2023US$1.3tUS$315.7bUS$38.2b24.4x35.2x4.3x
Fri, 03 Mar 2023US$1.4tUS$315.4bUS$38.5b24.7x36.2x4.4x
Sun, 29 Jan 2023US$1.5tUS$310.9bUS$44.0b25.9x33.1x4.7x
Tue, 27 Dec 2022US$1.3tUS$311.0bUS$45.2b23.4x29.6x4.3x
Thu, 24 Nov 2022US$1.4tUS$310.9bUS$44.7b24.6x30.8x4.4x
Price to Earnings Ratio

30.8x


Total Market Cap: US$1.4tTotal Earnings: US$44.7bTotal Revenue: US$310.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Sector Price to Earnings3Y Average 48.3x202320242025
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 48.3x.
  • 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 10.0% 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-0.39%
Real Estate-0.77%
Real Estate1.75%
Health Care REITs0.94%
Residential REITs0.18%
REITS-0.038%
Retail REITs-0.38%
Hotel and Resort REITs-0.51%
Industrial REITs-2.17%
Specialized REITs-2.48%
Office REITs-3.55%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 314x.
    • Analysts expect its future annual earnings growth (32.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 8.2% 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
AMT American TowerUS$183.593.2%
+US$2.6b		-6.5%PB21.7x
WELL WelltowerUS$193.821.9%
+US$2.5b		42.5%PB3.4x
BEKE KE HoldingsUS$16.858.0%
+US$1.5b		-13.7%PE40.2x
OPEN Opendoor TechnologiesUS$8.1223.8%
+US$1.2b		389.2%PS1.3x
CCI Crown CastleUS$91.682.4%
+US$931.9m		-11.7%PS6.2x

Latest News

VTR
US$78.00
Ventas
7D
2.5%
1Y
22.6%

VTR: Full Year 2025 Guidance Update Will Support Balanced Valuation Outlook

Analysts have revised their price target for Ventas upward from $78.25 to $79.90. They cite slight improvements in fair value estimates and lower discount rates as reasons for the adjustment.
WY
US$22.13
Weyerhaeuser
7D
-4.1%
1Y
-28.5%
CCI
US$91.68
Crown Castle
7D
2.4%
1Y
-11.7%

CCI: Operational Improvements And Tower-Only Focus Will Drive Future Upside

The consensus analyst price target for Crown Castle has decreased modestly by $1.00 to $115.00. Analysts point to operational improvements, cost reductions, and sector headwinds as key drivers of their revised outlook.
WELL
US$193.82
Welltower
7D
1.9%
1Y
42.5%
OPEN
US$8.12
Opendoor Technologies
7D
23.8%
1Y
389.2%
EQIX
US$785.57
Equinix
7D
-4.8%
1Y
-12.5%
BEKE
US$16.85
KE Holdings
7D
8.0%
1Y
-13.7%

KE Holdings Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 13
KE Holdings Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
LAMR
US$129.63
Lamar Advertising
7D
2.6%
1Y
2.6%

LAMR: Sector Resilience And Upcoming Events Will Shape Outlook Amid Competitive Pressures

Analysts have modestly increased their price target for Lamar Advertising, raising it from $130.20 to $133.80 per share. They cite resilience in the out-of-home advertising sector and anticipated cyclical tailwinds supporting the company's outlook.
AMT
US$183.59
American Tower
7D
3.2%
1Y
-6.5%
COMP
US$9.41
Compass
7D
10.1%
1Y
48.9%

Analyst Estimates: Here's What Brokers Think Of Compass, Inc. (NYSE:COMP) After Its Third-Quarter Report

Nov 08
Analyst Estimates: Here's What Brokers Think Of Compass, Inc. (NYSE:COMP) After Its Third-Quarter Report
PLD
US$122.83
Prologis
7D
-2.2%
1Y
8.3%

PLD: Demand Outlook And Leasing Momentum Will Shape Performance Into 2025

Analysts have modestly raised their fair value estimate for Prologis to $129.65, citing improved demand outlook, positive post-earnings momentum, and updated models reflecting recent industry trends. Analyst Commentary Bullish Takeaways Bullish analysts have noted recent price target increases, highlighting upward adjustments in response to a strong third quarter and improved demand outlook.
DLR
US$158.18
Digital Realty Trust
7D
-6.9%
1Y
-12.0%

DLR: Continued Demand for Data Centers Will Drive Expansion Momentum

Analysts have raised their price target for Digital Realty Trust by approximately $1.48. This reflects renewed optimism after recent guidance boosts and continued strong demand in data center markets.
IRM
US$91.37
Iron Mountain
7D
-12.2%
1Y
-20.5%

IRM: Expanding Data Centers And Digital Offerings Will Drive Future Momentum

Iron Mountain's analyst fair value estimate increased from $114.50 to $116.45 as analysts highlighted accelerating growth from digital and data center initiatives. They cited strengthened cross-selling opportunities and model adjustments in the sector.
FRMI
US$18.29
Fermi
7D
-24.9%
1Y
n/a
PSA
US$274.26
Public Storage
7D
-1.4%
1Y
-18.1%

PSA: Pricing Power Will Improve With Reduced Supply In The Self Storage Sector

Public Storage's analyst price target has increased modestly by approximately $3 to $326. Analysts point to cautious optimism for future growth, supported by expectations of reduced supply and potential pricing power improvements in the self-storage sector.
ZG
US$67.21
Zillow Group
7D
-5.1%
1Y
-5.0%