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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022US$1.3tUS$183.4bUS$44.0b25.9x29.6x7.1x
Wed, 26 Oct 2022US$1.2tUS$178.5bUS$40.4b27.3x29.7x6.7x
Fri, 23 Sep 2022US$1.3tUS$177.4bUS$40.0b27.5x31.4x7.1x
Sun, 21 Aug 2022US$1.5tUS$177.4bUS$40.0b32.1x36.4x8.2x
Tue, 19 Jul 2022US$1.3tUS$168.8bUS$38.3b31.3x34.9x7.9x
Thu, 16 Jun 2022US$1.3tUS$168.6bUS$38.3b30.3x33.9x7.7x
Sat, 14 May 2022US$1.4tUS$169.6bUS$38.4b33.9x36.9x8.4x
Mon, 11 Apr 2022US$1.6tUS$167.9bUS$35.1b42x46.3x9.7x
Wed, 09 Mar 2022US$1.5tUS$171.0bUS$35.1b40.4x43.7x9x
Fri, 04 Feb 2022US$1.6tUS$166.6bUS$27.9b44x55.9x9.4x
Sun, 02 Jan 2022US$1.7tUS$167.9bUS$27.3b47.9x62.1x10.1x
Tue, 30 Nov 2021US$1.6tUS$169.1bUS$27.5b45.6x58.1x9.4x
Thu, 28 Oct 2021US$1.6tUS$164.0bUS$22.4b51.5x69.9x9.6x
Sat, 25 Sep 2021US$1.5tUS$163.2bUS$20.9b50.1x72x9.2x
Mon, 23 Aug 2021US$1.5tUS$163.4bUS$20.9b50.7x71.2x9.1x
Sat, 10 Jul 2021US$1.4tUS$162.6bUS$21.0b48.1x67.3x8.7x
Fri, 02 Apr 2021US$1.3tUS$150.0bUS$16.1b43.7x78x8.4x
Mon, 04 Jan 2021US$1.2tUS$153.8bUS$16.1b43.8x71.9x7.5x
Thu, 08 Oct 2020US$1.0tUS$147.3bUS$17.9b37.7x57.6x7x
Wed, 01 Jul 2020US$1.0tUS$151.1bUS$21.4b34.6x47.8x6.8x
Sat, 04 Apr 2020US$914.1bUS$161.1bUS$27.3b28.5x33.5x5.7x
Tue, 07 Jan 2020US$1.2tUS$168.1bUS$30.7b41.3x40x7.3x
Price to Earnings Ratio

40.8x


Total Market Cap: US$1.2tTotal Earnings: US$30.0bTotal Revenue: US$166.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 52.7x202020212022
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 Market1.26%
Real Estate1.64%
REITS1.67%
Office REITs2.70%
Healthcare REITs2.67%
Specialized REITs2.10%
Retail REITs1.30%
Residential REITs1.14%
Industrial REITs1.06%
Hotel and Resort REITs0.65%
Diversified REITs0.48%
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?

CompanyLast Price7D1YValuation
EQIX EquinixUS$674.664.2%
+US$2.5b
-15.0%PB5.6x
CCI Crown CastleUS$141.193.9%
+US$2.3b
-23.1%PB8x
AMT American TowerUS$220.081.9%
+US$1.9b
-16.3%PB16.3x
PLD PrologisUS$116.391.6%
+US$1.7b
-22.3%PB3x
VICI VICI PropertiesUS$33.363.3%
+US$1.0b
20.0%PB1.5x
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AMT

US$220.08

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7D

1.9%

1Y

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LXP

US$10.28

LXP Industrial Trust

7D

-2.0%

1Y

-31.6%

EXR

US$155.62

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7D

-1.6%

1Y

-21.7%

MAC

US$13.18

Macerich

7D

-1.2%

1Y

-33.0%

LSI

US$106.37

Life Storage

7D

-1.0%

1Y

-19.4%

ELS

US$64.92

Equity LifeStyle Properties

7D

-0.5%

1Y

-22.9%

WELL

US$69.53

Welltower

7D

2.6%

1Y

-15.1%

VICI

US$33.36

VICI Properties

7D

3.3%

1Y

20.0%

NSA

US$38.98

National Storage Affiliates Trust

7D

-0.9%

1Y

-36.2%

PSA

US$298.61

Public Storage

7D

1.7%

1Y

-8.7%

CUBE

US$40.39

CubeSmart

7D

-0.4%

1Y

-24.9%