Should You Be Adding Independence Realty Trust (NYSE:IRT) To Your Watchlist Today?
Nov 23
U.S. REITS Industry Analysis
UpdatedNov 28, 2022
DataAggregated Company Financials
Companies184
- 7D1.7%
- 3M-7.9%
- 1Y-18.3%
- YTD-23.9%
Over the last 7 days, the REITS industry has risen 1.7%, and Equinix contributed the most with a gain of 4.2%. In contrast, the industry has lost 18% in the last 12 months. Earnings are forecast to grow by 4.7% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 28 Nov 2022 | US$1.3t | US$183.4b | US$44.0b | 25.9x | 29.6x | 7.1x |
| Wed, 26 Oct 2022 | US$1.2t | US$178.5b | US$40.4b | 27.3x | 29.7x | 6.7x |
| Fri, 23 Sep 2022 | US$1.3t | US$177.4b | US$40.0b | 27.5x | 31.4x | 7.1x |
| Sun, 21 Aug 2022 | US$1.5t | US$177.4b | US$40.0b | 32.1x | 36.4x | 8.2x |
| Tue, 19 Jul 2022 | US$1.3t | US$168.8b | US$38.3b | 31.3x | 34.9x | 7.9x |
| Thu, 16 Jun 2022 | US$1.3t | US$168.6b | US$38.3b | 30.3x | 33.9x | 7.7x |
| Sat, 14 May 2022 | US$1.4t | US$169.6b | US$38.4b | 33.9x | 36.9x | 8.4x |
| Mon, 11 Apr 2022 | US$1.6t | US$167.9b | US$35.1b | 42x | 46.3x | 9.7x |
| Wed, 09 Mar 2022 | US$1.5t | US$171.0b | US$35.1b | 40.4x | 43.7x | 9x |
| Fri, 04 Feb 2022 | US$1.6t | US$166.6b | US$27.9b | 44x | 55.9x | 9.4x |
| Sun, 02 Jan 2022 | US$1.7t | US$167.9b | US$27.3b | 47.9x | 62.1x | 10.1x |
| Tue, 30 Nov 2021 | US$1.6t | US$169.1b | US$27.5b | 45.6x | 58.1x | 9.4x |
| Thu, 28 Oct 2021 | US$1.6t | US$164.0b | US$22.4b | 51.5x | 69.9x | 9.6x |
| Sat, 25 Sep 2021 | US$1.5t | US$163.2b | US$20.9b | 50.1x | 72x | 9.2x |
| Mon, 23 Aug 2021 | US$1.5t | US$163.4b | US$20.9b | 50.7x | 71.2x | 9.1x |
| Sat, 10 Jul 2021 | US$1.4t | US$162.6b | US$21.0b | 48.1x | 67.3x | 8.7x |
| Fri, 02 Apr 2021 | US$1.3t | US$150.0b | US$16.1b | 43.7x | 78x | 8.4x |
| Mon, 04 Jan 2021 | US$1.2t | US$153.8b | US$16.1b | 43.8x | 71.9x | 7.5x |
| Thu, 08 Oct 2020 | US$1.0t | US$147.3b | US$17.9b | 37.7x | 57.6x | 7x |
| Wed, 01 Jul 2020 | US$1.0t | US$151.1b | US$21.4b | 34.6x | 47.8x | 6.8x |
| Sat, 04 Apr 2020 | US$914.1b | US$161.1b | US$27.3b | 28.5x | 33.5x | 5.7x |
| Tue, 07 Jan 2020 | US$1.2t | US$168.1b | US$30.7b | 41.3x | 40x | 7.3x |
Price to Earnings Ratio
40.8x
Current Industry PE
- Investors are pessimistic on the American REITs 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 29.6x which is lower than its 3-year average PE of 52.7x.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 7.1x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 3.3% 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 industry?
| US Market | 1.26% | |
| Real Estate | 1.64% | |
| REITS | 1.67% | |
| Office REITs | 2.70% | |
| Healthcare REITs | 2.67% | |
| Specialized REITs | 2.10% | |
| Retail REITs | 1.30% | |
| Residential REITs | 1.14% | |
| Industrial REITs | 1.06% | |
| Hotel and Resort REITs | 0.65% | |
| Diversified REITs | 0.48% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 42.8x.
- Analysts are expecting annual earnings growth of 3.4%, which is lower than the prior year's growth of 36.5% per year.
- Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 46.2x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 62% per year.
- In contrast, the Office REITs industry is expected to see its earnings decline by 4.7% 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 | |
|---|---|---|---|---|---|
| EQIX Equinix | US$674.66 | 4.2% +US$2.5b | -15.0% | PB5.6x | |
| CCI Crown Castle | US$141.19 | 3.9% +US$2.3b | -23.1% | PB8x | |
| AMT American Tower | US$220.08 | 1.9% +US$1.9b | -16.3% | PB16.3x | |
| PLD Prologis | US$116.39 | 1.6% +US$1.7b | -22.3% | PB3x | |
| VICI VICI Properties | US$33.36 | 3.3% +US$1.0b | 20.0% | PB1.5x |
