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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Dec 2023US$83.6bUS$21.3bUS$878.5m25.9x95.2x3.9x
Mon, 30 Oct 2023US$79.1bUS$21.2bUS$1.0b21.7x77.4x3.7x
Wed, 27 Sep 2023US$80.5bUS$21.1bUS$1.0b21.5x78.8x3.8x
Fri, 25 Aug 2023US$82.8bUS$21.1bUS$1.0b23.6x80.9x3.9x
Sun, 23 Jul 2023US$84.8bUS$20.9bUS$1.2b23.1x73x4.1x
Tue, 20 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Thu, 18 May 2023US$81.8bUS$12.2bUS$2.6b19.6x31.1x6.7x
Sat, 15 Apr 2023US$84.4bUS$12.8bUS$2.1b24.6x41x6.6x
Mon, 13 Mar 2023US$1.2tUS$189.9bUS$38.8b24.6x31.7x6.5x
Wed, 08 Feb 2023US$1.3tUS$178.3bUS$40.7b27.6x32.4x7.4x
Fri, 06 Jan 2023US$1.2tUS$183.5bUS$44.0b25x28.1x6.7x
Sun, 04 Dec 2022US$1.3tUS$183.5bUS$44.0b26.5x29.7x7.1x
Tue, 01 Nov 2022US$1.2tUS$180.1bUS$40.8b28.1x30.5x6.9x
Thu, 29 Sep 2022US$1.2tUS$177.4bUS$40.0b26.6x30.3x6.8x
Sat, 27 Aug 2022US$1.4tUS$177.4bUS$40.0b31.2x35x7.9x
Mon, 25 Jul 2022US$1.4tUS$168.9bUS$38.4b31.9x35.7x8.1x
Wed, 22 Jun 2022US$1.3tUS$168.8bUS$38.3b30.1x33.7x7.7x
Fri, 20 May 2022US$1.4tUS$169.6bUS$38.3b33.5x36.2x8.2x
Sun, 17 Apr 2022US$1.6tUS$167.9bUS$35.1b41.7x45.9x9.6x
Tue, 15 Mar 2022US$1.5tUS$171.0bUS$35.1b41.3x43.5x8.9x
Thu, 10 Feb 2022US$1.6tUS$167.2bUS$28.7b44.2x54.5x9.3x
Sat, 08 Jan 2022US$1.6tUS$169.0bUS$27.5b47.3x59.7x9.7x
Mon, 06 Dec 2021US$1.6tUS$169.1bUS$27.5b45.9x57.5x9.3x
Wed, 03 Nov 2021US$1.7tUS$166.1bUS$24.4b49.9x69.1x10.1x
Fri, 01 Oct 2021US$1.5tUS$163.2bUS$20.9b49.7x69.9x9x
Sun, 29 Aug 2021US$1.5tUS$163.4bUS$20.9b51.8x71.6x9.1x
Mon, 05 Jul 2021US$1.4tUS$162.6bUS$21.0b48.1x67.3x8.7x
Thu, 08 Apr 2021US$1.3tUS$150.0bUS$16.1b43.7x78x8.4x
Sun, 10 Jan 2021US$1.2tUS$153.8bUS$16.1b43.8x71.9x7.5x
Price to Earnings Ratio

61.3x


Total Market Cap: US$1.1tTotal Earnings: US$17.9bTotal Revenue: US$146.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 56x202120222023
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 Market1.10%
Real Estate4.34%
REITS2.19%
Office REITs13.72%
Specialized REITs5.72%
Diversified REITs4.58%
Industrial REITs4.31%
Retail REITs4.10%
Residential REITs3.05%
Healthcare REITs2.79%
Hotel and Resort REITs2.51%
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?

CompanyLast Price7D1YValuation
WPC W. P. CareyUS$63.387.7%
+US$995.0m
-22.6%PB1.5x
AAT American Assets TrustUS$21.1012.3%
+US$140.3m
-24.5%PB1.1x
GNL Global Net LeaseUS$9.336.9%
+US$137.9m
-31.3%PB0.8x
ESRT Empire State Realty TrustUS$9.399.4%
+US$131.6m
24.9%PB1.5x
EPRT Essential Properties Realty TrustUS$24.553.5%
+US$129.5m
4.2%PB1.4x
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Latest News

AAT

US$21.10

American Assets Trust

7D

12.3%

1Y

-24.5%

MDV

US$15.28

Modiv Industrial

7D

-4.2%

1Y

8.4%

AHH

US$11.37

Armada Hoffler Properties

7D

6.3%

1Y

-5.3%

OZ

US$68.00

Belpointe PREP

7D

-6.8%

1Y

-31.8%

ALEX

US$17.22

Alexander & Baldwin

7D

3.4%

1Y

-13.8%

ESRT

US$9.39

Empire State Realty Trust

7D

9.4%

1Y

24.9%

BNL

US$16.44

Broadstone Net Lease

7D

3.5%

1Y

-4.8%