Analysts Are Updating Their Essential Properties Realty Trust, Inc. (NYSE:EPRT) Estimates After Its First-Quarter Results
Apr 26
U.S. REITS Industry Analysis
UpdatedMay 01, 2024
DataAggregated Company Financials
Companies24
- 7D-1.8%
- 3M-7.3%
- 1Y-8.3%
- YTD-12.4%
Over the last 7 days, the REITS industry has dropped 1.8%, driven by W. P. Carey declining 2.6%. Overall the industry is down 8.3% in 12 months. Earnings are forecast to be flat in the coming years.
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 |
|---|---|---|---|---|---|---|
| Wed, 01 May 2024 | US$32.6b | US$6.7b | US$827.0m | 23.2x | 39.4x | 4.8x |
| Fri, 29 Mar 2024 | US$33.8b | US$6.6b | US$768.4m | 26.5x | 43.9x | 5.1x |
| Sun, 25 Feb 2024 | US$32.6b | US$6.4b | US$941.6m | 26.2x | 34.6x | 5.1x |
| Tue, 23 Jan 2024 | US$85.4b | US$21.2b | US$876.1m | 25.2x | 97.5x | 4x |
| Thu, 21 Dec 2023 | US$85.8b | US$21.3b | US$878.5m | 27.7x | 97.7x | 4x |
| Sat, 18 Nov 2023 | US$81.9b | US$21.3b | US$878.5m | 23.6x | 93.3x | 3.8x |
| Mon, 16 Oct 2023 | US$80.0b | US$21.1b | US$1.0b | 21.2x | 78.3x | 3.8x |
| Wed, 13 Sep 2023 | US$83.1b | US$21.1b | US$1.0b | 23.4x | 81.2x | 3.9x |
| Fri, 11 Aug 2023 | US$83.9b | US$21.1b | US$1.2b | 21x | 72.5x | 4x |
| Sun, 09 Jul 2023 | US$83.1b | US$20.9b | US$1.2b | 22.3x | 70.6x | 4x |
| Tue, 06 Jun 2023 | US$82.5b | US$12.2b | US$2.6b | 19.6x | 31.4x | 6.7x |
| Thu, 04 May 2023 | US$82.4b | US$12.2b | US$2.7b | 20.2x | 30.7x | 6.8x |
| Sat, 01 Apr 2023 | US$85.5b | US$12.2b | US$2.7b | 26.2x | 32.1x | 7x |
| Mon, 27 Feb 2023 | US$1.3t | US$189.6b | US$39.0b | 26.2x | 33.3x | 6.8x |
| Wed, 25 Jan 2023 | US$1.3t | US$183.5b | US$43.3b | 26.9x | 30.6x | 7.2x |
| Fri, 23 Dec 2022 | US$1.2t | US$183.5b | US$44.0b | 25.1x | 28.3x | 6.8x |
| Sun, 20 Nov 2022 | US$1.3t | US$183.4b | US$44.0b | 25.8x | 29.1x | 7x |
| Tue, 18 Oct 2022 | US$1.1t | US$177.8b | US$39.9b | 25.8x | 28.2x | 6.3x |
| Thu, 15 Sep 2022 | US$1.3t | US$177.4b | US$40.0b | 29.9x | 33.6x | 7.6x |
| Sat, 13 Aug 2022 | US$1.5t | US$177.4b | US$40.0b | 32.5x | 37.1x | 8.4x |
| Mon, 11 Jul 2022 | US$1.3t | US$168.8b | US$38.3b | 30.6x | 34.9x | 7.9x |
| Wed, 08 Jun 2022 | US$1.4t | US$168.6b | US$38.3b | 34x | 37.6x | 8.5x |
| Fri, 06 May 2022 | US$1.5t | US$167.2b | US$37.8b | 35x | 39.3x | 8.9x |
| Sun, 03 Apr 2022 | US$1.6t | US$168.5b | US$35.6b | 42.3x | 45.9x | 9.7x |
| Tue, 01 Mar 2022 | US$1.5t | US$170.9b | US$35.2b | 40.3x | 43.2x | 8.9x |
| Thu, 27 Jan 2022 | US$1.5t | US$168.5b | US$28.4b | 43.4x | 53.6x | 9x |
| Sat, 25 Dec 2021 | US$1.6t | US$167.9b | US$27.3b | 46.8x | 60.1x | 9.8x |
| Mon, 22 Nov 2021 | US$1.6t | US$171.0b | US$27.1b | 46.7x | 59.5x | 9.4x |
| Wed, 20 Oct 2021 | US$1.5t | US$163.4b | US$21.4b | 51x | 71.9x | 9.4x |
| Fri, 17 Sep 2021 | US$1.5t | US$163.3b | US$20.9b | 50.8x | 73.4x | 9.4x |
| Sun, 15 Aug 2021 | US$1.5t | US$162.2b | US$20.9b | 51.1x | 71.3x | 9.2x |
| Thu, 10 Jun 2021 | US$1.4t | US$150.2b | US$16.0b | 48.1x | 85.7x | 9.1x |
Price to Earnings Ratio
84.8x
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 39.4x which is lower than its 3-year average PE of 54.2x.
- The 3-year average PS ratio of 7.1x is higher than the industry's current PS ratio of 4.8x.
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 64% 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 Market | -0.72% | |
| Real Estate | -0.90% | |
| REITS | -1.75% | |
| Residential REITs | 1.33% | |
| Healthcare REITs | 1.32% | |
| Specialized REITs | -0.30% | |
| Retail REITs | -1.07% | |
| Office REITs | -1.62% | |
| Diversified REITs | -1.75% | |
| Industrial REITs | -2.77% | |
| Hotel and Resort REITs | -3.13% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 0.5%, which is lower than the prior year's growth of 17.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 9.4% 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 | |
|---|---|---|---|---|---|
| GNL Global Net Lease | US$6.95 | 1.2% +US$18.4m | -36.9% | PB0.6x | |
| ALEX Alexander & Baldwin | US$16.47 | 1.0% +US$12.3m | -14.7% | PB1.2x | |
| CTO CTO Realty Growth | US$17.35 | 0.9% +US$5.8m | 5.9% | PB0.9x | |
| OLP One Liberty Properties | US$22.91 | 0.6% +US$2.8m | 4.4% | PB1.6x | |
| BNL Broadstone Net Lease | US$14.56 | 0.07% +US$1.9m | -9.3% | PB0.9x |