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U.S. Real Estate Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies110
  • 7D-4.4%
  • 3M-20.4%
  • 1Y-15.1%
  • YTD-19.0%

Over the last 7 days, the Real Estate industry has dropped 4.4%, driven by a pullback from Compass of 19%. The industry has fallen 15% in the last year. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026US$140.0bUS$127.0bUS$1.3b22x107.2x1.1x
Thu, 26 Feb 2026US$154.3bUS$127.9bUS$1.3b34.1x121.1x1.2x
Sat, 24 Jan 2026US$183.8bUS$125.7bUS$2.3b29.5x81.5x1.5x
Mon, 22 Dec 2025US$174.3bUS$131.3bUS$2.1b30.5x83.1x1.3x
Wed, 19 Nov 2025US$169.0bUS$131.2bUS$2.0b26.9x83.3x1.3x
Fri, 17 Oct 2025US$176.5bUS$128.0bUS$1.9b25x93.5x1.4x
Sun, 14 Sep 2025US$193.3bUS$128.0bUS$1.8b26.2x105.7x1.5x
Tue, 12 Aug 2025US$178.1bUS$127.4bUS$2.0b24.6x89.7x1.4x
Thu, 10 Jul 2025US$164.4bUS$124.3bUS$1.6b28.6x99.7x1.3x
Sat, 07 Jun 2025US$165.1bUS$124.6bUS$1.6b27x106x1.3x
Mon, 05 May 2025US$167.8bUS$122.6bUS$1.2b24.4x142.5x1.4x
Wed, 02 Apr 2025US$170.6bUS$121.9bUS$1.1b21.3x156.4x1.4x
Fri, 28 Feb 2025US$182.5bUS$119.9bUS$1.0b26x174.1x1.5x
Sun, 26 Jan 2025US$168.9bUS$116.0b-US$46,859,409.0927.5x-3604.4x1.5x
Tue, 24 Dec 2024US$166.9bUS$116.0bUS$4.1m27.3x40398.8x1.4x
Thu, 21 Nov 2024US$172.3bUS$115.4b-US$18,603,205.5931.7x-9262.8x1.5x
Sat, 19 Oct 2024US$168.4bUS$112.7b-US$1,091,045,187.1137.9x-154.4x1.5x
Mon, 16 Sep 2024US$153.0bUS$113.8b-US$495,062,919.4427.7x-309x1.3x
Wed, 14 Aug 2024US$139.3bUS$112.9b-US$388,591,523.5328.6x-358.6x1.2x
Fri, 12 Jul 2024US$132.4bUS$110.7bUS$581.8m27.4x227.5x1.2x
Sun, 09 Jun 2024US$131.3bUS$110.6bUS$586.6m26x223.9x1.2x
Tue, 07 May 2024US$137.6bUS$112.6bUS$477.0m26.2x288.5x1.2x
Thu, 04 Apr 2024US$140.3bUS$113.5b-US$244,997,005.1929.8x-572.5x1.2x
Sat, 02 Mar 2024US$136.4bUS$112.9bUS$520.6m17.5x262.1x1.2x
Mon, 29 Jan 2024US$135.5bUS$115.5b-US$614,608,572.0023x-220.5x1.2x
Wed, 27 Dec 2023US$141.6bUS$115.2b-US$730,108,773.0024.5x-194x1.2x
Fri, 24 Nov 2023US$123.4bUS$115.1b-US$812,646,370.0024.7x-151.8x1.1x
Sun, 22 Oct 2023US$111.2bUS$119.3b-US$352,831,710.0024.6x-315.2x0.9x
Tue, 19 Sep 2023US$127.0bUS$118.0b-US$159,825,233.0028.2x-794.9x1.1x
Thu, 17 Aug 2023US$129.8bUS$117.3b-US$616,947,221.0031.4x-210.5x1.1x
Sat, 15 Jul 2023US$136.6bUS$122.4b-US$127,989,837.0027.4x-1067x1.1x
Mon, 12 Jun 2023US$93.7bUS$120.8b-US$526,931,255.0025.7x-177.7x0.8x
Wed, 10 May 2023US$86.6bUS$121.2b-US$1,324,145,319.0016.3x-65.4x0.7x
Fri, 07 Apr 2023US$89.6bUS$125.4b-US$416,663,937.0013.4x-215x0.7x
Price to Earnings Ratio

-215x


Total Market Cap: US$89.6bTotal Earnings: -US$416,663,937.00Total Revenue: US$125.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Industry Price to Earnings3Y Average 993.8x202420252026
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 107x which is lower than its 3-year average PE of 994x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
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-3.50%
Real Estate-1.45%
Real Estate-4.43%
Diversified Real Estate-2.24%
Real Estate Development-2.68%
Real Estate Services-4.42%
Real Estate Operating Companies-6.55%
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 27.0%, 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 12% 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
NMRK Newmark GroupUS$14.680.9%
+US$24.0m		20.6%PE21.4x
CHCI Comstock Holding CompaniesUS$17.799.6%
+US$15.9m		98.5%PE10.7x
FRPH FRP HoldingsUS$22.283.9%
+US$15.9m		-22.0%PE92x
STRS Stratus PropertiesUS$31.696.2%
+US$14.4m		78.5%PE21.1x
LPA Logistic Properties of the AmericasUS$3.2814.3%
+US$13.0m		-63.2%PE9.9x

Latest News

MMI
US$26.20
Marcus & Millichap
7D
0.9%
1Y
-23.9%

MMI: Future Returns Will Depend On Completed Buybacks And Steady Profitability

Analysts maintained their $28.00 price target for Marcus & Millichap, citing largely unchanged assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News From October 1, 2025 to February 10, 2026, Marcus & Millichap repurchased 740,960 shares for US$20.92 million, equal to 1.9% of its shares under an existing buyback program (Key Developments).
ZG
US$40.63
Zillow Group
7D
-9.1%
1Y
-39.2%

ZG: AI And Listing Rule Easing Will Support Long Term Moat

Analysts trimmed their fair value estimate for Zillow Group by just under $1 to $73.83, reflecting slightly higher perceived risk and a modestly lower future P/E multiple, even as their assumptions for revenue growth and profit margins edged up. Analyst Commentary Recent Street research on Zillow Group reflects an active debate around the stock, with many analysts recalibrating price targets and ratings in light of legal, competitive, and technology questions.
STRS
US$31.69
Stratus Properties
7D
6.2%
1Y
78.5%
LPA
US$3.28
Logistic Properties of the Americas
7D
14.3%
1Y
-63.2%
JLL
US$297.00
Jones Lang LaSalle
7D
-0.9%
1Y
19.8%
COMP
US$6.84
Compass
7D
-19.2%
1Y
-21.6%

COMP: Anywhere Integration And Lower Rates Will Support Future Expansion Potential

Analysts have modestly lifted their blended price targets on Compass to reflect recent initiations, upgrades and post-earnings estimate updates, with moves such as Morgan Stanley's shift to $11 from $10, JPMorgan's adjustment to $14 from $15, Wells Fargo's increase to $13 from $8 and BTIG's raise to $15 from $12.50. Analyst Commentary Bullish analysts have been increasingly vocal on Compass, pointing to a mix of valuation support, integration milestones and a more constructive view on the operating backdrop.
CHCI
US$17.79
Comstock Holding Companies
7D
9.6%
1Y
98.5%
CSGP
US$40.88
CoStar Group
7D
-4.7%
1Y
-48.4%

CSGP: Activist Pressure And Buybacks Will Support Residential Margin Recovery

Narrative Update The updated analyst price target for CoStar Group edges lower as analysts trim valuation multiples and fair value inputs by a small amount. This reflects recent cuts to Street targets following mixed Q4 bookings, evolving views on Homes.com investment and disclosure, and slightly more cautious medium term growth expectations, despite reaffirmed long term guidance and solid core commercial performance.
CBRE
US$133.14
CBRE Group
7D
-1.9%
1Y
1.8%
BEKE
US$15.01
KE Holdings
7D
-2.7%
1Y
-25.3%
TRC
US$19.09
Tejon Ranch
7D
1.0%
1Y
20.4%
OPEN
US$4.43
Opendoor Technologies
7D
-15.0%
1Y
334.3%

OPEN: Acquisition Reset And Margin Cohorts Will Drive Future Upside

Analysts have raised their price targets on Opendoor Technologies by about $3 to $4 per share, citing improving acquisition activity and higher assumed margins in future years. They still expect losses and view it as too early to confirm that the strategic reset is working.
NMRK
US$14.68
Newmark Group
7D
0.9%
1Y
20.6%

NMRK: Sector Weakness Will Set Up Future Repricing On Key Leasing Wins

Newmark Group's updated fair value estimate shifts to $21, down from $24, as analysts trim price targets to $18 to $19 and highlight weaker investor sentiment toward commercial real estate services, even while some still view the shares as attractive after recent volatility. Analyst Commentary Recent research points to a mixed backdrop for Newmark Group, with price targets drifting lower in response to softer sentiment toward commercial real estate services.
LB
US$68.03
LandBridge
7D
-5.9%
1Y
-5.4%

LB: Buyback And Dividend Actions Will Support Long-Term Margin Expansion Potential

Analysts have updated their view on LandBridge, raising the price target to $90.00 as they factor in revised assumptions for discount rate, revenue growth, profit margins and future P/E, which they consider to better reflect the current balance between risk and return. What's in the News The Board of Directors authorized a share buyback plan on February 25, 2026, indicating approval for repurchases at the corporate level (Key Developments).
FRPH
US$22.28
FRP Holdings
7D
3.9%
1Y
-22.0%
KW
US$10.98
Kennedy-Wilson Holdings
7D
0.8%
1Y
26.5%

KW: Going Private Cash Deal Will Likely Limit Upside Potential

Analysts have lowered their price target on Kennedy-Wilson Holdings by $2 to $9.00, reflecting updated assumptions for fair value, a slightly higher discount rate, and moderated expectations for revenue growth, profit margin, and future P/E. What's in the News Kennedy-Wilson Holdings agreed to be acquired in an all cash transaction by a consortium led by Chairman and CEO William McMorrow, other senior executives, and Fairfax Financial Holdings Limited under a definitive merger agreement.