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U.S. Healthcare REITs Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies19
  • 7D-3.3%
  • 3M4.3%
  • 1Y26.8%
  • YTDn/a

Over the last 7 days, the Healthcare REITs industry has dropped 3.3%, driven by Welltower declining 3.5%. Over the past 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026US$272.8bUS$34.7bUS$1.6b37.1x168.8x7.9x
Wed, 20 May 2026US$284.0bUS$34.7bUS$1.6b39.5x175.7x8.2x
Fri, 17 Apr 2026US$275.1bUS$33.1bUS$361.5m42.4x761.1x8.3x
Sun, 15 Mar 2026US$265.7bUS$32.5bUS$355.1m37.4x748x8.2x
Tue, 10 Feb 2026US$252.4bUS$31.8b-US$385,221,000.0035.4x-655.1x7.9x
Thu, 08 Jan 2026US$239.1bUS$31.5bUS$440.3m32.1x543.1x7.6x
Sat, 06 Dec 2025US$253.6bUS$31.5bUS$440.3m32.2x576x8.1x
Mon, 03 Nov 2025US$233.5bUS$31.7bUS$456.3m29.5x511.7x7.4x
Wed, 01 Oct 2025US$228.9bUS$30.4bUS$354.3m32.7x646x7.5x
Fri, 29 Aug 2025US$221.5bUS$30.4bUS$332.7m34.7x665.9x7.3x
Sun, 27 Jul 2025US$209.0bUS$29.4b-US$197,911,000.0033.9x-1055.9x7.1x
Tue, 24 Jun 2025US$200.4bUS$29.4bUS$68.9m36.4x2909.3x6.8x
Thu, 22 May 2025US$199.0bUS$29.7bUS$181.8m31.7x1094.7x6.7x
Sat, 19 Apr 2025US$197.3bUS$28.7b-US$1,068,162,000.0034.3x-184.7x6.9x
Mon, 17 Mar 2025US$201.1bUS$28.7b-US$1,068,162,000.0035.3x-188.3x7x
Wed, 12 Feb 2025US$186.6bUS$27.6b-US$1,606,706,000.0039.5x-116.1x6.8x
Fri, 10 Jan 2025US$176.2bUS$27.4b-US$1,625,663,000.0041.8x-108.4x6.4x
Sun, 08 Dec 2024US$185.0bUS$27.4b-US$1,625,663,000.0043.9x-113.8x6.8x
Tue, 05 Nov 2024US$189.9bUS$26.9b-US$784,989,000.0047.6x-242x7x
Thu, 03 Oct 2024US$186.7bUS$26.2b-US$1,429,354,000.0055x-130.6x7.1x
Sat, 31 Aug 2024US$176.3bUS$26.2b-US$1,429,354,000.0052.5x-123.3x6.7x
Mon, 29 Jul 2024US$162.8bUS$26.3b-US$1,143,916,000.0049.2x-142.3x6.2x
Wed, 26 Jun 2024US$152.4bUS$26.1b-US$1,195,454,000.0043.6x-127.5x5.8x
Fri, 24 May 2024US$128.9bUS$23.1b-US$1,239,464,000.0038x-104x5.6x
Sun, 21 Apr 2024US$116.7bUS$22.6b-US$276,709,000.0041.9x-421.7x5.2x
Tue, 19 Mar 2024US$114.4bUS$22.5b-US$241,386,000.0040.4x-473.8x5.1x
Thu, 15 Feb 2024US$111.5bUS$23.4bUS$263.8m38.7x422.7x4.8x
Sat, 13 Jan 2024US$119.0bUS$24.3bUS$48.6m47.7x2448.8x4.9x
Mon, 11 Dec 2023US$113.7bUS$24.3bUS$48.6m43.2x2340.2x4.7x
Wed, 08 Nov 2023US$110.4bUS$24.3bUS$22.7m37.5x4864x4.5x
Fri, 06 Oct 2023US$105.8bUS$23.9bUS$463.1m30.6x228.4x4.4x
Sun, 03 Sep 2023US$111.2bUS$24.0bUS$472.6m33.7x235.2x4.6x
Tue, 01 Aug 2023US$114.7bUS$23.4bUS$683.0m34.6x168x4.9x
Thu, 29 Jun 2023US$109.0bUS$23.3bUS$746.1m31.9x146x4.7x
Price to Earnings Ratio

146x


Total Market Cap: US$109.0bTotal Earnings: US$746.1mTotal Revenue: US$23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare REITs Industry Price to Earnings3Y Average 372.8x202420252026
Current Industry PE
  • Investors are pessimistic on the American Health Care 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 169x which is lower than its 3-year average PE of 373x.
  • The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Healthcare REITs compare with similar industries?

US Market1.40%
Real Estate-3.07%
REITS-5.10%
Healthcare REITs-3.25%
Hotel and Resort REITs1.75%
Office REITs-2.57%
Retail REITs-4.03%
Residential REITs-4.72%
Industrial REITs-4.98%
Diversified REITs-5.10%
Specialized REITs-5.27%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
JAN Janus LivingUS$26.224.1%
+US$192.8m		n/aPB2.3x
NHP National Healthcare PropertiesUS$14.374.3%
+US$43.0m		n/aPB1.8x
AHR American Healthcare REITUS$46.520.1%
+US$9.6m		27.0%PB2.6x
DHC Diversified Healthcare TrustUS$8.860.3%
+US$7.3m		140.8%PB1.3x
NHI National Health InvestorsUS$70.820.2%
+US$5.8m		-2.1%PB2.3x

Latest News

AHR
US$46.52
American Healthcare REIT
7D
0.1%
1Y
27.0%
DHC
US$8.86
Diversified Healthcare Trust
7D
0.3%
1Y
140.8%
Analysis Article • Jun 20

Diversified Healthcare Trust (DHC) Stock Looks Fully Priced After Zacks Upgrade

Diversified Healthcare Trust (DHC) recently drew investor attention after Zacks upgraded the stock to a higher rank, citing an improving trend in earnings estimates and a more constructive view on its earnings outlook. See our latest analysis for Diversified Healthcare Trust. At a latest share price of $8.86, Diversified Healthcare Trust has seen its 1 day share price return rise 3.14%, while a 90 day share price return of 32.04% and a 1 year total shareholder return of 138.88% point to...
CTRE
US$37.06
CareTrust REIT
7D
0.05%
1Y
20.8%
DOC
US$19.56
Healthpeak Properties
7D
-4.3%
1Y
11.8%
Seeking Alpha • Jun 19

Healthpeak Properties: This 6% Yielding REIT Has More Room To Run

Summary Healthpeak Properties remains a Strong Buy, combining value, income, and recovery potential in healthcare real estate. DOC’s outpatient medical and life sciences segments show improving occupancy, strong lease spreads, and embedded rent escalators supporting steady growth. The Janus Living spin-off unlocks value in senior housing, with DOC retaining 82% ownership and benefiting from high segment growth. DOC offers a 6.2% yield, BBB+ balance sheet, and trades at 11.2x forward P/FFO, well below its historical average. Read the full article on Seeking Alpha
NHP
US$14.37
National Healthcare Properties
7D
4.3%
1Y
n/a
Seeking Alpha • Jun 19

National Healthcare Properties: Out Of The Shadows And Into The Light Of Senior Housing

Summary National Healthcare Properties is a newly public senior housing REIT transitioning from a troubled non-traded past to internalized management. NHP is rapidly shifting its portfolio toward senior housing operating properties (SHOP), targeting higher organic growth and valuation multiples versus outpatient medical facilities (OMF). Leverage remains high but is set to decline sharply following asset sales and preferred stock repurchases, positioning NHP closer to investment-grade credit metrics. I find NHP buyable due to its SHOP focus and improving fundamentals, but legacy risks, elevated leverage, and an unproven CEO temper conviction. Read the full article on Seeking Alpha
ARE
US$51.03
Alexandria Real Estate Equities
7D
-2.6%
1Y
-30.0%
SBRA
US$18.12
Sabra Health Care REIT
7D
-2.5%
1Y
-2.5%
Analysis Article • Jun 18

Sabra Health Care REIT (SBRA) Stock Could Be 20.7% Undervalued After Recent Pullback

Recent Performance Puts Sabra Health Care REIT Under Closer Investor Scrutiny Sabra Health Care REIT (SBRA) has drawn investor attention after recent share performance. The stock is down about 14% over the past month and roughly 11% over the past 3 months, despite a positive 1 year total return. See our latest analysis for Sabra Health Care REIT. At a share price of $18.05, Sabra Health Care REIT has seen short term share price momentum fade, even though its 1 year total shareholder return of...
WELL
US$206.65
Welltower
7D
-2.9%
1Y
34.1%
Narrative Update • Jun 18

WELL: Medium Term Guidance And Capital Recycling Will Drive Fair Value

Analysts have raised their price target for Welltower stock from $191.07 to $202.13 as they refine their models around discount rates, revenue growth, profit margins and future P/E assumptions. What’s in the News for Welltower Welltower reported Q1 2026 normalized funds from operations of $1.47 per share, a 23% year-over-year increase, with revenue growth above 38% and total portfolio same-store NOI growth of 16.4%, driven largely by its senior housing operating portfolio, according to recent earnings coverage.
OHI
US$44.53
Omega Healthcare Investors
7D
-1.5%
1Y
19.4%
Narrative Update • Jun 18

OHI: Leadership Succession And Improving Tenant Credit Are Expected To Drive Upside

The analyst price target for Omega Healthcare Investors has been adjusted slightly from $51.00 to about $50.82, reflecting updated views on tenant credit quality, external growth prospects, and recent revisions to broader REIT models across the Street. Analyst Commentary Recent research on Omega Healthcare Investors presents a mixed picture, with several firms adjusting price targets and ratings as they refresh REIT models, update assumptions around tenant credit quality, and factor in interest rate impacts.
HR
US$19.79
Healthcare Realty Trust
7D
-3.5%
1Y
27.8%
VTR
US$81.60
Ventas
7D
-2.2%
1Y
28.4%
MPT
US$4.53
Medical Properties Trust
7D
-7.2%
1Y
2.0%
Narrative Update • Jun 16

MPT: Fair Value Holding As Funding And Tenant Execution Risks Persist

Analysts held their $5.00 fair value estimate for Medical Properties Trust while slightly adjusting underlying assumptions, citing updated views on the discount rate, revenue trends, profit margins, and future P/E to align the price target with recent sector research and valuation frameworks. Analyst Commentary Recent sector research around real estate and income oriented stocks has grown more selective, with investors paying closer attention to balance sheet strength, tenant quality, and payout sustainability.
JAN
US$26.22
Janus Living
7D
4.1%
1Y
n/a
NHI
US$70.82
National Health Investors
7D
0.2%
1Y
-2.1%
SILA
US$30.30
Sila Realty Trust
7D
0.03%
1Y
24.9%