U.S. REITS Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies37
- 7D2.2%
- 3M-3.3%
- 1Y-1.9%
- YTD-8.7%
The REITS industry is up 2.2% in the last week, with W. P. Carey up 7.7%. During this same period, the Belpointe PREP underperformed, falling 6.8%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to decline by 3.5% per year.
Industry Valuation and Performance
Has the U.S. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | US$83.6b | US$21.3b | US$878.5m | 25.9x | 95.2x | 3.9x |
| Mon, 30 Oct 2023 | US$79.1b | US$21.2b | US$1.0b | 21.7x | 77.4x | 3.7x |
| Wed, 27 Sep 2023 | US$80.5b | US$21.1b | US$1.0b | 21.5x | 78.8x | 3.8x |
| Fri, 25 Aug 2023 | US$82.8b | US$21.1b | US$1.0b | 23.6x | 80.9x | 3.9x |
| Sun, 23 Jul 2023 | US$84.8b | US$20.9b | US$1.2b | 23.1x | 73x | 4.1x |
| Tue, 20 Jun 2023 | US$82.9b | US$12.0b | US$2.6b | 20.7x | 31.8x | 6.9x |
| Thu, 18 May 2023 | US$81.8b | US$12.2b | US$2.6b | 19.6x | 31.1x | 6.7x |
| Sat, 15 Apr 2023 | US$84.4b | US$12.8b | US$2.1b | 24.6x | 41x | 6.6x |
| Mon, 13 Mar 2023 | US$1.2t | US$189.9b | US$38.8b | 24.6x | 31.7x | 6.5x |
| Wed, 08 Feb 2023 | US$1.3t | US$178.3b | US$40.7b | 27.6x | 32.4x | 7.4x |
| Fri, 06 Jan 2023 | US$1.2t | US$183.5b | US$44.0b | 25x | 28.1x | 6.7x |
| Sun, 04 Dec 2022 | US$1.3t | US$183.5b | US$44.0b | 26.5x | 29.7x | 7.1x |
| Tue, 01 Nov 2022 | US$1.2t | US$180.1b | US$40.8b | 28.1x | 30.5x | 6.9x |
| Thu, 29 Sep 2022 | US$1.2t | US$177.4b | US$40.0b | 26.6x | 30.3x | 6.8x |
| Sat, 27 Aug 2022 | US$1.4t | US$177.4b | US$40.0b | 31.2x | 35x | 7.9x |
| Mon, 25 Jul 2022 | US$1.4t | US$168.9b | US$38.4b | 31.9x | 35.7x | 8.1x |
| Wed, 22 Jun 2022 | US$1.3t | US$168.8b | US$38.3b | 30.1x | 33.7x | 7.7x |
| Fri, 20 May 2022 | US$1.4t | US$169.6b | US$38.3b | 33.5x | 36.2x | 8.2x |
| Sun, 17 Apr 2022 | US$1.6t | US$167.9b | US$35.1b | 41.7x | 45.9x | 9.6x |
| Tue, 15 Mar 2022 | US$1.5t | US$171.0b | US$35.1b | 41.3x | 43.5x | 8.9x |
| Thu, 10 Feb 2022 | US$1.6t | US$167.2b | US$28.7b | 44.2x | 54.5x | 9.3x |
| Sat, 08 Jan 2022 | US$1.6t | US$169.0b | US$27.5b | 47.3x | 59.7x | 9.7x |
| Mon, 06 Dec 2021 | US$1.6t | US$169.1b | US$27.5b | 45.9x | 57.5x | 9.3x |
| Wed, 03 Nov 2021 | US$1.7t | US$166.1b | US$24.4b | 49.9x | 69.1x | 10.1x |
| Fri, 01 Oct 2021 | US$1.5t | US$163.2b | US$20.9b | 49.7x | 69.9x | 9x |
| Sun, 29 Aug 2021 | US$1.5t | US$163.4b | US$20.9b | 51.8x | 71.6x | 9.1x |
| Mon, 05 Jul 2021 | US$1.4t | US$162.6b | US$21.0b | 48.1x | 67.3x | 8.7x |
| Thu, 08 Apr 2021 | US$1.3t | US$150.0b | US$16.1b | 43.7x | 78x | 8.4x |
| Sun, 10 Jan 2021 | US$1.2t | US$153.8b | US$16.1b | 43.8x | 71.9x | 7.5x |
Price to Earnings Ratio
61.3x
Current Industry PE
- Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 95.2x which is higher than its 3-year average PE of 56.0x.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 63% per year over the last three years,
- Revenues have also declined 47% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Real Estate industry?
| US Market | 1.10% | |
| Real Estate | 4.34% | |
| REITS | 2.19% | |
| Office REITs | 13.72% | |
| Specialized REITs | 5.72% | |
| Diversified REITs | 4.58% | |
| Industrial REITs | 4.31% | |
| Retail REITs | 4.10% | |
| Residential REITs | 3.05% | |
| Healthcare REITs | 2.79% | |
| Hotel and Resort REITs | 2.51% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 79.3x.
- Analysts are expecting annual earnings growth of 29.5%, which is higher than its past year's earnings decline of 43.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Diversified REITs industry is expected to see its earnings decline by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WPC W. P. Carey | US$63.38 | 7.7% +US$995.0m | -22.6% | PB1.5x | |
| AAT American Assets Trust | US$21.10 | 12.3% +US$140.3m | -24.5% | PB1.1x | |
| GNL Global Net Lease | US$9.33 | 6.9% +US$137.9m | -31.3% | PB0.8x | |
| ESRT Empire State Realty Trust | US$9.39 | 9.4% +US$131.6m | 24.9% | PB1.5x | |
| EPRT Essential Properties Realty Trust | US$24.55 | 3.5% +US$129.5m | 4.2% | PB1.4x |