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U.S. REITS Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies19
  • 7D1.4%
  • 3M1.6%
  • 1Y10.4%
  • YTD10.0%

The REITS industry is up 1.4% in the last week, with W. P. Carey up 1.3%. In the last 12 months, the industry was up 10%. As for the next few years, earnings are expected to grow by 8.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026US$35.4bUS$5.4bUS$707.9m31.2x50x6.5x
Tue, 07 Apr 2026US$39.1bUS$6.9b-US$127,240,621.0030.1x-307.3x5.7x
Thu, 05 Mar 2026US$42.8bUS$7.2b-US$13,618,385.0027.9x-3144.8x6x
Sat, 31 Jan 2026US$34.5bUS$7.5b-US$252,873,402.0031.1x-136.3x4.6x
Mon, 29 Dec 2025US$38.7bUS$7.5b-US$252,955,402.0031.9x-152.9x5.1x
Wed, 26 Nov 2025US$33.6bUS$6.0bUS$431.1m27.4x77.8x5.6x
Fri, 24 Oct 2025US$34.0bUS$6.1bUS$440.5m31.2x77.2x5.6x
Sun, 21 Sep 2025US$34.3bUS$6.1bUS$448.2m33.1x76.6x5.6x
Tue, 19 Aug 2025US$33.4bUS$6.1bUS$462.1m28.8x72.4x5.5x
Thu, 17 Jul 2025US$33.1bUS$6.3bUS$598.5m26.6x55.3x5.3x
Sat, 14 Jun 2025US$34.3bUS$6.3bUS$598.5m27.9x57.3x5.5x
Mon, 12 May 2025US$33.3bUS$6.3bUS$527.8m27.3x63x5.3x
Wed, 09 Apr 2025US$32.5bUS$7.1bUS$745.2m24.2x43.7x4.6x
Fri, 07 Mar 2025US$37.1bUS$7.0bUS$868.8m29.4x42.8x5.3x
Sun, 02 Feb 2025US$34.9bUS$7.0bUS$879.2m25.4x39.7x5x
Tue, 31 Dec 2024US$35.0bUS$7.0bUS$878.8m27.2x39.9x5x
Thu, 28 Nov 2024US$37.5bUS$7.0bUS$915.5m29.9x40.9x5.3x
Sat, 26 Oct 2024US$37.8bUS$7.0bUS$644.6m26x58.6x5.4x
Mon, 23 Sep 2024US$38.8bUS$6.9bUS$648.3m27x59.9x5.6x
Wed, 21 Aug 2024US$36.4bUS$6.8bUS$561.6m28.6x64.8x5.3x
Fri, 19 Jul 2024US$36.8bUS$6.8bUS$676.6m27.5x54.4x5.4x
Sun, 16 Jun 2024US$33.5bUS$6.9bUS$664.4m24.6x50.4x4.9x
Tue, 14 May 2024US$34.4bUS$6.9bUS$671.0m24.2x51.3x5x
Thu, 11 Apr 2024US$34.3bUS$6.6bUS$759.3m25.2x45.1x5.2x
Sat, 09 Mar 2024US$32.8bUS$6.5bUS$882.7m27.6x37.1x5x
Mon, 05 Feb 2024US$83.7bUS$21.2bUS$890.2m26.6x94x4x
Wed, 03 Jan 2024US$86.1bUS$21.2bUS$876.1m25.6x98.3x4.1x
Fri, 01 Dec 2023US$83.6bUS$21.3bUS$878.5m24.7x95.1x3.9x
Sun, 29 Oct 2023US$79.1bUS$21.1bUS$1.0b20.6x78x3.8x
Tue, 26 Sep 2023US$81.3bUS$21.1bUS$1.0b22.2x79.6x3.8x
Thu, 24 Aug 2023US$82.9bUS$21.1bUS$1.0b23.6x81x3.9x
Sat, 22 Jul 2023US$84.8bUS$20.9bUS$1.2b23.1x73x4.1x
Mon, 19 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Wed, 17 May 2023US$81.5bUS$12.2bUS$2.6b19.6x31x6.7x
Price to Earnings Ratio

31x


Total Market Cap: US$81.5bTotal Earnings: US$2.6bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -14x202420252026
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 50.0x which is higher than its 3-year average PE of -14.0x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 35% per year over the last three years,
  • Revenues have also declined 24% 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 Market2.14%
Real Estate0.75%
REITS1.43%
Hotel and Resort REITs4.74%
Office REITs3.68%
Specialized REITs2.75%
Industrial REITs2.51%
Diversified REITs1.43%
Healthcare REITs1.08%
Residential REITs0.43%
Retail REITs-0.67%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 371x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • 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
WPC W. P. CareyUS$73.901.3%
+US$216.1m		21.6%PB2x
AAT American Assets TrustUS$21.111.8%
+US$22.7m		9.5%PB1.1x
MDV Modiv IndustrialUS$17.8011.5%
+US$18.9m		23.4%PB1.1x
PINE Alpine Income Property TrustUS$19.644.5%
+US$13.9m		30.6%PB1x
BNL Broadstone Net LeaseUS$19.860.3%
+US$11.5m		22.0%PB1.3x

Latest News

GOOD
US$12.72
Gladstone Commercial
7D
0.9%
1Y
-7.7%
GNL
US$9.12
Global Net Lease
7D
-4.6%
1Y
16.2%
WPC
US$73.90
W. P. Carey
7D
1.3%
1Y
21.6%
Seeking Alpha • May 06

W. P. Carey: Still A Strong Candidate For Long-Term Income Portfolios

Summary W. P. Carey is rated Buy, supported by strong AFFO growth, high occupancy, and a sustainable ~5.14% dividend yield. WPC raised 2026 AFFO guidance to $5.16–$5.26 per share, with an accelerated investment target of $1.5–$2 billion, backed by their ample liquidity available, essentially prefunding it already. Despite slightly elevated leverage and growing macro headwinds, WPC's portfolio pivot from office to industrial/retail and international expansion offers long-term upside. Intrinsic value is estimated above current levels, reflecting a conservative market and a solid margin of safety. Read the full article on Seeking Alpha
CTO
US$20.30
CTO Realty Growth
7D
0.2%
1Y
14.9%
MDV
US$17.80
Modiv Industrial
7D
11.5%
1Y
23.4%
PINE
US$19.64
Alpine Income Property Trust
7D
4.5%
1Y
30.6%
Narrative Update • May 03

PINE: Dividend Yield And Buyback Activity Will Shape Balanced Return Outlook

The analyst price target for Alpine Income Property Trust has been increased by about $0.27 to $21.18, as analysts factor in updated assumptions around discount rates, revenue growth, profit margins, and a slightly higher future P/E, supported by a series of recent price target increases and positive ratings across the Street. Analyst Commentary Recent research updates on Alpine Income Property Trust have centered on valuation, rating changes within the net lease REIT group, and how the current share price compares with analysts price targets and income profile.
BNL
US$19.86
Broadstone Net Lease
7D
0.3%
1Y
22.0%
Narrative Update • May 02

BNL: Index Additions And Development Projects Will Underpin Balanced Forward Outlook

Analysts have lifted the fair value estimate for Broadstone Net Lease to $20 from $19, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. This move aligns with the recent Street price target increase to $20.
EPRT
US$31.47
Essential Properties Realty Trust
7D
0.1%
1Y
-1.0%
Narrative Update • May 02

EPRT: Low Cost Capital And Forward Equity Expected To Drive Future Acquisitions

Analyst price targets for Essential Properties Realty Trust have edged higher, with the model fair value moving from $37.05 to $37.38 as analysts point to the company's low cost of capital, available growth capital, diversified tenant base and updated REIT sector assumptions in recent research. Analyst Commentary Recent research on Essential Properties Realty Trust reflects a broadly constructive tone, with multiple price target increases clustered in a relatively short period.
AAT
US$21.11
American Assets Trust
7D
1.8%
1Y
9.5%
NXDT
US$5.09
NexPoint Diversified Real Estate Trust
7D
-6.1%
1Y
45.4%
SQFT
US$3.52
Presidio Property Trust
7D
-2.5%
1Y
-43.2%
MKZR
US$2.40
MacKenzie Realty Capital
7D
-14.6%
1Y
-77.8%