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U.S. REITS Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies23
  • 7D-1.5%
  • 3M-2.5%
  • 1Y-0.5%
  • YTD-5.6%

Over the last 7 days, the REITS industry has dropped 1.5%, driven by Essential Properties Realty Trust declining 3.1%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025US$38.6bUS$7.5b-US$252,955,402.0032.6x-152.7x5.1x
Sat, 22 Nov 2025US$32.9bUS$6.0bUS$427.0m27.6x77.1x5.5x
Mon, 20 Oct 2025US$33.8bUS$6.1bUS$423.7m31x79.8x5.6x
Wed, 17 Sep 2025US$34.7bUS$6.1bUS$455.0m33.5x76.3x5.7x
Fri, 15 Aug 2025US$34.1bUS$6.3bUS$456.3m26.9x74.6x5.4x
Sun, 13 Jul 2025US$33.1bUS$6.3bUS$598.5m27.3x55.2x5.3x
Tue, 10 Jun 2025US$34.0bUS$6.3bUS$598.1m27.6x56.8x5.4x
Thu, 08 May 2025US$32.9bUS$6.3bUS$640.2m26.3x51.4x5.2x
Sat, 05 Apr 2025US$35.1bUS$7.1bUS$725.6m25.8x48.4x5x
Mon, 03 Mar 2025US$37.3bUS$7.0bUS$880.0m27.2x42.4x5.4x
Wed, 29 Jan 2025US$35.4bUS$7.0bUS$878.8m25.7x40.3x5.1x
Fri, 27 Dec 2024US$35.4bUS$7.0bUS$878.8m27.7x40.3x5.1x
Sun, 24 Nov 2024US$37.2bUS$7.0bUS$915.5m29.3x40.6x5.3x
Tue, 22 Oct 2024US$38.8bUS$7.0bUS$626.3m28x61.9x5.6x
Thu, 19 Sep 2024US$39.0bUS$6.9bUS$648.3m27.5x60.1x5.6x
Sat, 17 Aug 2024US$35.8bUS$6.9bUS$629.3m27x56.8x5.2x
Mon, 15 Jul 2024US$35.6bUS$6.8bUS$676.6m26.4x52.6x5.2x
Wed, 12 Jun 2024US$33.3bUS$6.9bUS$664.0m23.5x50.2x4.9x
Fri, 10 May 2024US$33.6bUS$6.9bUS$723.7m24.2x46.5x4.9x
Sun, 07 Apr 2024US$33.0bUS$6.6bUS$760.5m25.1x43.5x5x
Tue, 05 Mar 2024US$32.7bUS$6.5bUS$874.8m27.9x37.4x5x
Thu, 01 Feb 2024US$84.5bUS$21.2bUS$890.2m26.9x94.9x4x
Sat, 30 Dec 2023US$86.5bUS$21.3bUS$878.5m27.7x98.4x4.1x
Mon, 27 Nov 2023US$82.4bUS$21.3bUS$878.5m23x93.8x3.9x
Wed, 25 Oct 2023US$79.0bUS$21.1bUS$1.0b20.8x78.7x3.7x
Fri, 22 Sep 2023US$82.3bUS$21.1bUS$1.0b22.8x80.6x3.9x
Sun, 20 Aug 2023US$82.6bUS$21.1bUS$1.0b23.5x80.8x3.9x
Tue, 18 Jul 2023US$83.9bUS$20.9bUS$1.2b22.5x71.3x4x
Thu, 15 Jun 2023US$83.1bUS$12.2bUS$2.6b20.7x31.6x6.8x
Sat, 13 May 2023US$82.3bUS$12.3bUS$2.7b18x30.4x6.7x
Mon, 10 Apr 2023US$85.0bUS$12.4bUS$2.5b26.1x34.5x6.9x
Wed, 08 Mar 2023US$1.3tUS$189.9bUS$38.8b26.2x33.1x6.8x
Fri, 03 Feb 2023US$1.4tUS$183.4bUS$42.8b27.9x32.7x7.6x
Sun, 01 Jan 2023US$1.3tUS$183.5bUS$44.0b25.1x28.5x6.8x
Price to Earnings Ratio

28.5x


Total Market Cap: US$1.3tTotal Earnings: US$44.0bTotal Revenue: US$183.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 56.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
  • Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 65% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market3.10%
Real Estate0.086%
REITS-1.48%
Residential REITs0.58%
Retail REITs0.57%
Industrial REITs0.24%
Healthcare REITs-0.043%
Hotel and Resort REITs-0.88%
Office REITs-0.97%
Specialized REITs-1.40%
Diversified REITs-1.48%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 325x.
    • Analysts expect its future annual earnings growth (31.7%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 14% 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
MKZR MacKenzie Realty CapitalUS$3.892.9%
+US$198.6k		-90.3%PB0.1x
SQFT Presidio Property TrustUS$3.251.2%
+US$49.2k		-58.9%PB0.2x

Latest News

AHH
US$6.58
Armada Hoffler Properties
7D
-5.7%
1Y
-36.5%
NXDT
US$3.88
NexPoint Diversified Real Estate Trust
7D
-8.9%
1Y
-42.3%
GOOD
US$10.44
Gladstone Commercial
7D
-5.3%
1Y
-35.1%

GOOD: 2025 Acquisitions Will Offset Austin Office Lease Rollover Risk

Analysts have modestly reduced their blended price target on Gladstone Commercial, trimming expectations by roughly $1 per share to around $12. They are balancing concerns over 2026 to 2027 lease rollover risk, particularly the large General Motors office lease in Austin, with steady acquisitions and recent results that are in line with expectations.
WPC
US$64.64
W. P. Carey
7D
-0.8%
1Y
17.4%

WPC: Dividend Strength And Margin Resilience Will Shape Return Potential

Analysts have modestly raised their price target on W. P.
EPRT
US$29.63
Essential Properties Realty Trust
7D
-3.1%
1Y
-7.3%
ALEX
US$20.65
Alexander & Baldwin
7D
-1.4%
1Y
17.5%

ALEX: Shopping Centers And Buyout Deal Will Offset REIT Fund Flow Headwinds

Analysts have modestly reduced their price target on Alexander & Baldwin by about $1 to approximately $21 per share. This reflects slightly lower fair value and profit margin expectations, even as projected revenue declines appear less severe and long term earnings multiples compress amid ongoing REIT fund flow headwinds.
GNL
US$8.45
Global Net Lease
7D
-1.2%
1Y
16.4%
AAT
US$18.84
American Assets Trust
7D
-1.3%
1Y
-28.2%
SQFT
US$3.25
Presidio Property Trust
7D
1.2%
1Y
-58.9%
MKZR
US$3.89
MacKenzie Realty Capital
7D
2.9%
1Y
-90.3%