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U.S. Real Estate Industry Analysis

UpdatedApr 17, 2026
DataAggregated Company Financials
Companies116
  • 7D4.2%
  • 3M-18.7%
  • 1Y-2.3%
  • YTD-13.1%

The Real Estate industry is up 4.2% in the last week, with CBRE Group up 3.7%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Apr 2026US$149.3bUS$127.2bUS$1.3b22.9x117.6x1.2x
Sun, 15 Mar 2026US$145.4bUS$128.4bUS$1.4b22.4x105.7x1.1x
Tue, 10 Feb 2026US$171.3bUS$125.7bUS$2.3b29.1x75.5x1.4x
Thu, 08 Jan 2026US$180.5bUS$131.4bUS$2.1b30.7x84.9x1.4x
Sat, 06 Dec 2025US$179.7bUS$131.3bUS$2.1b31.2x85.6x1.4x
Mon, 03 Nov 2025US$172.4bUS$130.3bUS$2.1b25.3x83.3x1.3x
Wed, 01 Oct 2025US$187.1bUS$128.0bUS$1.8b21.3x102.5x1.5x
Fri, 29 Aug 2025US$185.2bUS$128.0bUS$1.8b25.6x101.2x1.4x
Sun, 27 Jul 2025US$177.7bUS$124.5bUS$1.6b32.5x109.3x1.4x
Tue, 24 Jun 2025US$160.6bUS$124.6bUS$1.5b29.1x107.3x1.3x
Thu, 22 May 2025US$165.4bUS$124.9bUS$1.4b18.3x118.1x1.3x
Sat, 19 Apr 2025US$158.0bUS$121.8bUS$1.1b19.3x149.8x1.3x
Mon, 17 Mar 2025US$175.3bUS$120.3bUS$1.0b31.2x170.1x1.5x
Wed, 12 Feb 2025US$180.0bUS$115.9b-US$50,374,628.6827.7x-3572.5x1.6x
Fri, 10 Jan 2025US$163.3bUS$115.9b-US$31,745,720.0927.3x-5143.8x1.4x
Sun, 08 Dec 2024US$179.8bUS$116.0bUS$6.9m28.1x26006.4x1.5x
Tue, 05 Nov 2024US$170.0bUS$114.0b-US$1,048,802,817.7539.2x-162.1x1.5x
Thu, 03 Oct 2024US$173.4bUS$113.9b-US$560,634,517.8435.5x-309.3x1.5x
Sat, 31 Aug 2024US$149.9bUS$113.1b-US$543,660,163.3831.2x-275.8x1.3x
Mon, 29 Jul 2024US$148.7bUS$111.5bUS$500.6m23.5x297.1x1.3x
Wed, 26 Jun 2024US$131.8bUS$110.6bUS$546.4m27.6x241.1x1.2x
Fri, 24 May 2024US$141.6bUS$111.2bUS$638.5m26.6x221.8x1.3x
Sun, 21 Apr 2024US$126.7bUS$113.4bUS$294.5m28.3x430.1x1.1x
Tue, 19 Mar 2024US$137.8bUS$113.5bUS$511.0m21.4x269.6x1.2x
Thu, 15 Feb 2024US$129.9bUS$115.4b-US$666,850,907.2521.5x-194.8x1.1x
Sat, 13 Jan 2024US$133.4bUS$115.3b-US$639,004,079.0027.4x-208.8x1.2x
Mon, 11 Dec 2023US$127.2bUS$115.1b-US$730,169,351.0023.3x-174.2x1.1x
Wed, 08 Nov 2023US$117.6bUS$116.0bUS$463.0m25.8x253.9x1x
Fri, 06 Oct 2023US$118.7bUS$119.3b-US$364,918,449.0026.9x-325.3x1x
Sun, 03 Sep 2023US$137.5bUS$118.1b-US$156,123,738.0031.6x-880.9x1.2x
Tue, 01 Aug 2023US$138.3bUS$121.8b-US$464,080,886.0029.9x-298x1.1x
Thu, 29 Jun 2023US$93.5bUS$120.0b-US$497,700,439.0024.2x-187.9x0.8x
Sat, 27 May 2023US$88.3bUS$120.9b-US$520,266,137.0020.3x-169.7x0.7x
Mon, 24 Apr 2023US$88.3bUS$125.2b-US$331,840,700.0013.2x-266.2x0.7x
Price to Earnings Ratio

-266.2x


Total Market Cap: US$88.3bTotal Earnings: -US$331,840,700.00Total Revenue: US$125.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Industry Price to Earnings3Y Average 999.4x202420252026
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 118x which is lower than its 3-year average PE of 999x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

US Market-29.16%
Real Estate2.53%
Real Estate4.19%
Real Estate Services5.17%
Real Estate Development0.46%
Diversified Real Estate-0.67%
Real Estate Operating Companies-0.68%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 26.3%, which is higher than its past year's earnings decline of 26.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 6.4% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 3.5% 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
CBRE CBRE GroupUS$147.803.7%
+US$1.5b		25.7%PE36.9x
CSGP CoStar GroupUS$40.047.3%
+US$1.1b		-49.8%PE2401.2x
OPEN Opendoor TechnologiesUS$5.2722.3%
+US$920.0m		452.5%PS1.2x
ZG Zillow GroupUS$44.108.5%
+US$827.8m		-28.3%PE460x
JLL Jones Lang LaSalleUS$334.274.5%
+US$668.6m		58.3%PE19.8x

Latest News

JOE
US$66.74
St. Joe
7D
-1.6%
1Y
56.4%
CWK
US$14.03
Cushman & Wakefield
7D
6.7%
1Y
69.4%
ZG
US$44.10
Zillow Group
7D
8.5%
1Y
-28.3%
OPEN
US$5.27
Opendoor Technologies
7D
22.3%
1Y
452.5%
BEKE
US$16.16
KE Holdings
7D
3.5%
1Y
-15.1%

BEKE: Positive Catalyst Watch And Buybacks Will Drive Future Upside Potential

Analysts have trimmed their fair value estimate for KE Holdings by about $0.51, reflecting a slightly higher discount rate and updated views on growth, margins and future P/E, following recent price target adjustments and mixed research calls from major firms. Analyst Commentary Recent Street research on KE Holdings sends a mixed signal, with some firms flagging a short term positive setup and others pulling back on their stance or trimming price targets.
LB
US$69.44
LandBridge
7D
8.7%
1Y
0.6%

LB: Data Center Lease And Capital Returns Will Support Long Term Outlook

Analysts have revised their price target on LandBridge to $80.43. The change reflects updated assumptions for discount rate, revenue growth, profit margin, and future P/E, while leaving the overall fair value estimate effectively unchanged at $80.43.
CSGP
US$40.04
CoStar Group
7D
7.3%
1Y
-49.8%

CoStar: A Compounding Machine In The Trash Can

Apr 11
TCI
US$40.31
Transcontinental Realty Investors
7D
-3.8%
1Y
42.8%
CBRE
US$147.80
CBRE Group
7D
3.7%
1Y
25.7%
JLL
US$334.27
Jones Lang LaSalle
7D
4.5%
1Y
58.3%

JLL: Fair Value View Weighs Brokerage Tailwinds Against AI Scare Trade Risks

Analysts have nudged the fair value estimate for Jones Lang LaSalle slightly lower to about $290 from roughly $291. This reflects updated price targets that balance softer commercial real estate sentiment with mixed views on valuation and future brokerage tailwinds.
FOR
US$25.95
Forestar Group
7D
-1.2%
1Y
37.1%

FOR: Steady Fair Value Will Balance Higher Risk Assumptions And Future P/E Expectations

Analysts now hold their price target for Forestar Group at $26.00. The latest update reflects slightly adjusted assumptions on discount rate, revenue growth, profit margin, and future P/E, which keep the headline valuation level unchanged.
CHCI
US$18.20
Comstock Holding Companies
7D
-6.3%
1Y
74.2%
FRPH
US$22.06
FRP Holdings
7D
-2.9%
1Y
-17.9%
NEN
US$57.01
New England Realty Associates Limited Partnership
7D
-5.2%
1Y
-28.1%
ARL
US$14.06
American Realty Investors
7D
-5.9%
1Y
23.1%
HBNB
US$6.18
Hotel101 Global Holdings
7D
-1.4%
1Y
-42.5%

Hotel101 Global: A Scalable Hospitality Platform Built to Compound

Exceptional investments are often hiding behind familiar labels. Hotel101 Global Holdings may appear, at first glance, to be just another hotel company.