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U.S. REITS Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.4%
  • 3M-1.2%
  • 1Y8.0%
  • YTD8.7%

Over the last 7 days, the REITS industry has dropped 1.4%, driven by W. P. Carey declining 2.4%. On the other hand Global Net Lease is actually up 5.8%. This takes the industry's 12 month performance to a gain of 8.0%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Aug 2026US$35.7bUS$5.6bUS$901.3m44.7x39.6x6.4x
Mon, 06 Jul 2026US$35.7bUS$5.5bUS$697.8m44.3x51.1x6.5x
Wed, 03 Jun 2026US$35.1bUS$5.4bUS$711.7m42.8x49.3x6.4x
Fri, 01 May 2026US$43.9bUS$7.5b-US$93,187,621.0039.8x-471.1x5.9x
Sun, 29 Mar 2026US$38.1bUS$6.9b-US$97,584,385.0029.5x-390.5x5.5x
Tue, 24 Feb 2026US$42.8bUS$7.5b-US$122,349,157.0029x-349.5x5.7x
Thu, 22 Jan 2026US$34.7bUS$7.5b-US$252,955,402.0031.1x-137.3x4.6x
Sat, 20 Dec 2025US$33.1bUS$6.0bUS$427.5m32.1x77.4x5.6x
Mon, 17 Nov 2025US$33.5bUS$6.0bUS$426.9m27.8x78.6x5.6x
Wed, 15 Oct 2025US$33.2bUS$6.1bUS$423.7m30.3x78.4x5.5x
Fri, 12 Sep 2025US$34.4bUS$6.1bUS$468.9m29.6x73.4x5.7x
Sun, 10 Aug 2025US$33.8bUS$6.2bUS$472.2m26.8x71.5x5.4x
Tue, 08 Jul 2025US$34.0bUS$6.3bUS$598.5m27.1x56.8x5.4x
Thu, 05 Jun 2025US$33.8bUS$6.3bUS$598.1m26.8x56.5x5.4x
Sat, 03 May 2025US$33.0bUS$6.3bUS$644.3m27.1x51.2x5.2x
Mon, 31 Mar 2025US$35.7bUS$7.0bUS$831.3m27.6x43x5.1x
Wed, 26 Feb 2025US$36.1bUS$6.9bUS$826.2m23.6x43.7x5.2x
Fri, 24 Jan 2025US$34.6bUS$7.0bUS$878.8m25.2x39.3x5x
Sun, 22 Dec 2024US$35.1bUS$7.0bUS$878.8m27.2x40x5x
Tue, 19 Nov 2024US$36.3bUS$7.0bUS$943.1m28.3x38.5x5.2x
Thu, 17 Oct 2024US$38.7bUS$7.0bUS$622.4m26.1x62.1x5.5x
Sat, 14 Sep 2024US$38.0bUS$6.8bUS$580.6m28.6x65.5x5.6x
Mon, 12 Aug 2024US$35.5bUS$6.9bUS$641.2m26.5x55.4x5.1x
Wed, 10 Jul 2024US$33.7bUS$6.8bUS$676.6m25.1x49.9x4.9x
Fri, 07 Jun 2024US$33.9bUS$6.9bUS$664.0m24.2x51.1x4.9x
Sun, 05 May 2024US$33.4bUS$6.7bUS$739.8m23.2x45.2x5x
Tue, 02 Apr 2024US$34.1bUS$6.6bUS$768.4m25.5x44.4x5.2x
Thu, 29 Feb 2024US$32.1bUS$6.6bUS$891.4m25.8x36x4.9x
Sat, 27 Jan 2024US$85.0bUS$21.2bUS$889.0m24.7x95.6x4x
Mon, 25 Dec 2023US$86.0bUS$21.3bUS$878.5m27.8x97.9x4x
Wed, 22 Nov 2023US$81.9bUS$21.3bUS$878.5m23.6x93.3x3.8x
Fri, 20 Oct 2023US$79.6bUS$21.1bUS$1.0b20.9x78x3.8x
Sun, 17 Sep 2023US$84.3bUS$21.1bUS$1.0b21.9x82.6x4x
Tue, 15 Aug 2023US$83.5bUS$21.2bUS$1.2b22.2x72.2x3.9x
Price to Earnings Ratio

72.2x


Total Market Cap: US$83.5bTotal Earnings: US$1.2bTotal Revenue: US$21.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -14.8x202420252026
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 39.6x which is higher than its 3-year average PE of -14.8x.
  • The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 8.0% per year over the last three years,
  • Revenues have also declined 36% 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 Market4.05%
Real Estate-0.44%
REITS-1.44%
Residential REITs1.22%
Specialized REITs0.49%
Healthcare REITs0.041%
Office REITs-1.22%
Diversified REITs-1.44%
Industrial REITs-2.64%
Retail REITs-3.12%
Hotel and Resort REITs-6.40%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 374x.
    • Analysts are expecting annual earnings growth of 22.2%, which is lower than the prior year's growth of 42.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 11% 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
GNL Global Net LeaseUS$9.235.8%
+US$99.7m		20.2%PB1.3x
GOOD Gladstone CommercialUS$12.953.6%
+US$21.8m		-1.0%PB4x
MDV Modiv IndustrialUS$18.134.7%
+US$8.4m		20.9%PB1.2x
NXDT NexPoint Diversified Real Estate TrustUS$4.612.0%
+US$4.7m		3.6%PB0.4x
MKZR MacKenzie Realty CapitalUS$1.6458.9%
+US$1.4m		-65.6%PB0.07x

Latest News

GOOD
US$12.95
Gladstone Commercial
7D
3.6%
1Y
-1.0%
Analysis Article • 7h

Gladstone Commercial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Gladstone Commercial Corporation ( NASDAQ:GOOD ) defied analyst predictions to release its second-quarter results...
BNL
US$20.93
Broadstone Net Lease
7D
-2.2%
1Y
24.5%
GNL
US$9.23
Global Net Lease
7D
5.8%
1Y
20.2%
AAT
US$22.83
American Assets Trust
7D
-3.2%
1Y
21.0%
Narrative Update • Aug 06

AAT: Higher Rents And Extended Credit Facility Will Test Margin Resilience

Analysts have raised the fair value estimate for American Assets Trust from $20.50 to $23.50, citing updated assumptions that incorporate Street research indicating improved office REIT demand and operating income trends, partially offset by higher interest costs and capital expenditures. What's in the News for American Assets Trust American Assets Trust reported financial results for the second quarter of 2026, covering the period ended June 30, 2026.
AHRT
US$6.93
AH REALTY TRUST
7D
-0.4%
1Y
-0.3%
CTO
US$21.75
CTO Realty Growth
7D
-1.0%
1Y
33.1%
WPC
US$71.81
W. P. Carey
7D
-2.4%
1Y
9.0%
Seeking Alpha • Jul 31

W. P. Carey: Inflation-Beating Yields, Tenant Risk Mitigation, And Resilience Amid Uncertainty

Summary W. P. Carey’s CPI-linked leases (49% of same-store) and exposure to defensive sectors drive operational resilience amid macroeconomic uncertainty. Strong H1'26 investment volume, a healthier balance sheet, and proactive tenant risk management underpin confidence in raised FY2026 guidance. WPC remains compelling at a Price/AFFO of 14.27x while offering inflation-beating dividend yields of ~5% and a rich TTM payout hike of +4.37%. Risks include the seasonally weaker trading months through October, potentially expensive 2027 note refinancing, and elevated short interest ratio. WPC remains a great buy, with the added benefit of upside potential if they sustain the mid-single-digit AFFO per share growth. Read the full article on Seeking Alpha
EPRT
US$30.63
Essential Properties Realty Trust
7D
-2.1%
1Y
1.4%
NXDT
US$4.61
NexPoint Diversified Real Estate Trust
7D
2.0%
1Y
3.6%
MDV
US$18.13
Modiv Industrial
7D
4.7%
1Y
20.9%
Seeking Alpha • Jul 29

Modiv Industrial: Downgrading The Preferred Stock To A 'Hold'

Summary Modiv Industrial is being acquired by Global Net Lease in an all-stock deal, offering fair value to MDV shareholders. I exited my MDV common shares post-announcement, preferring not to hold GNL stock, but retained my MDV preferred shares. MDV.PR.A preferred holders stand to receive $25 plus accrued dividends upon deal closure, with limited downside risk if the deal fails. I rate the preferred stock a "hold" only considering additional purchases below the $25 principal amid the pending acquisition. Read the full article on Seeking Alpha
PINE
US$19.98
Alpine Income Property Trust
7D
-1.0%
1Y
41.3%
SQFT
US$2.29
Presidio Property Trust
7D
5.5%
1Y
-55.2%
GIPR
US$0.72
Generation Income Properties
7D
-2.1%
1Y
-91.4%
MKZR
US$1.64
MacKenzie Realty Capital
7D
58.9%
1Y
-65.6%