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U.S. Healthcare REITs Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies19
  • 7D4.3%
  • 3M0.6%
  • 1Y28.8%
  • YTDn/a

Over the last 7 days, the Healthcare REITs industry has risen 5.2%, driven by gains from Welltower of 5.9%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$279.6bUS$34.7bUS$1.6b38x173x8.1x
Sun, 10 May 2026US$281.4bUS$34.5bUS$1.6b45.1x176.5x8.2x
Tue, 07 Apr 2026US$262.5bUS$33.1bUS$361.5m39.8x726.2x7.9x
Thu, 05 Mar 2026US$268.4bUS$32.9bUS$344.5m38.4x778.9x8.2x
Sat, 31 Jan 2026US$239.9bUS$31.4b-US$576,665,000.0033.1x-416.1x7.6x
Mon, 29 Dec 2025US$240.7bUS$31.5bUS$440.3m32x546.7x7.7x
Wed, 26 Nov 2025US$254.7bUS$31.5bUS$462.4m31.8x550.8x8.1x
Fri, 24 Oct 2025US$227.8bUS$30.4bUS$354.3m30.6x643.1x7.5x
Sun, 21 Sep 2025US$221.0bUS$30.4bUS$354.3m33.5x623.9x7.3x
Tue, 19 Aug 2025US$214.8bUS$30.4bUS$332.7m33.9x645.6x7.1x
Thu, 17 Jul 2025US$204.3bUS$29.4bUS$68.9m36.1x2965.1x6.9x
Sat, 14 Jun 2025US$198.6bUS$29.7bUS$181.8m32.5x1092.1x6.7x
Mon, 12 May 2025US$198.2bUS$29.7bUS$181.2m32.7x1093.5x6.7x
Wed, 09 Apr 2025US$185.8bUS$28.7b-US$1,068,162,000.0031.4x-174x6.5x
Fri, 07 Mar 2025US$207.1bUS$28.7b-US$1,137,918,000.0034x-182x7.2x
Sun, 02 Feb 2025US$183.7bUS$27.4b-US$1,598,658,000.0040.7x-114.9x6.7x
Tue, 31 Dec 2024US$175.6bUS$27.4b-US$1,625,663,000.0041.5x-108x6.4x
Thu, 28 Nov 2024US$194.2bUS$27.4b-US$1,625,663,000.0046x-119.4x7.1x
Sat, 26 Oct 2024US$189.8bUS$26.4b-US$1,264,782,000.0052.3x-150.1x7.2x
Mon, 23 Sep 2024US$183.3bUS$26.2b-US$1,429,354,000.0053.9x-128.2x7x
Wed, 21 Aug 2024US$170.1bUS$26.2b-US$1,429,354,000.0051.1x-119x6.5x
Fri, 19 Jul 2024US$161.4bUS$26.1b-US$1,195,454,000.0048x-135x6.2x
Sun, 16 Jun 2024US$152.2bUS$26.1b-US$1,195,454,000.0046.4x-127.3x5.8x
Tue, 14 May 2024US$127.4bUS$23.1b-US$1,261,444,000.0039.8x-101x5.5x
Thu, 11 Apr 2024US$117.1bUS$22.6b-US$276,709,000.0042.3x-423.3x5.2x
Sat, 09 Mar 2024US$112.5bUS$22.5b-US$232,205,000.0039.4x-484.5x5x
Mon, 05 Feb 2024US$112.6bUS$24.3bUS$48.6m41.9x2317.5x4.6x
Wed, 03 Jan 2024US$119.3bUS$24.3bUS$48.6m45.8x2454.7x4.9x
Fri, 01 Dec 2023US$113.1bUS$24.3bUS$48.6m41.1x2328.7x4.7x
Sun, 29 Oct 2023US$103.5bUS$23.9bUS$366.1m28.6x282.7x4.3x
Tue, 26 Sep 2023US$107.5bUS$23.9bUS$463.1m30.9x232.2x4.5x
Thu, 24 Aug 2023US$109.2bUS$24.0bUS$472.6m33.5x231.1x4.6x
Sat, 22 Jul 2023US$116.1bUS$23.3bUS$746.1m33.4x155.6x5x
Mon, 19 Jun 2023US$110.9bUS$23.3bUS$746.1m33.2x148.6x4.7x
Price to Earnings Ratio

148.6x


Total Market Cap: US$110.9bTotal 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 372.6x202420252026
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 170x 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 Market-2.36%
Real Estate1.72%
REITS2.29%
Healthcare REITs4.25%
Office REITs6.37%
Retail REITs4.54%
Specialized REITs2.46%
Industrial REITs2.31%
Diversified REITs2.29%
Hotel and Resort REITs2.00%
Residential REITs-0.82%
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
WELL WelltowerUS$210.674.9%
+US$6.9b		38.7%PB3.4x
VTR VentasUS$83.896.1%
+US$2.3b		31.7%PB3.1x
DOC Healthpeak PropertiesUS$20.504.6%
+US$620.5m		17.1%PB1.8x
OHI Omega Healthcare InvestorsUS$45.283.7%
+US$479.5m		22.3%PB2.6x
HR Healthcare Realty TrustUS$20.504.8%
+US$322.3m		37.5%PB1.6x

Latest News

ARE
US$52.77
Alexandria Real Estate Equities
7D
-0.7%
1Y
-27.8%
HR
US$20.50
Healthcare Realty Trust
7D
4.8%
1Y
37.5%
Narrative Update • Jun 09

HR: Share Repurchases And Margin Assumptions Will Shape Fairly Balanced Outlook

Analysts have adjusted their fair value estimate for Healthcare Realty Trust slightly higher, from about $20.45 to about $20.64 per share, reflecting updated assumptions around revenue growth, discount rate, profit margins, and a very large projected future P/E multiple. What's in the News Issued 2026 earnings guidance with expected earnings per share in a range of a loss of $0.05 to a gain of $0.05, unchanged from prior guidance.
OHI
US$45.28
Omega Healthcare Investors
7D
3.7%
1Y
22.3%
NHI
US$71.96
National Health Investors
7D
5.3%
1Y
0.5%
DOC
US$20.50
Healthpeak Properties
7D
4.6%
1Y
17.1%
SBRA
US$18.49
Sabra Health Care REIT
7D
4.6%
1Y
0.8%
JAN
US$25.67
Janus Living
7D
4.1%
1Y
n/a
WELL
US$210.67
Welltower
7D
4.9%
1Y
38.7%
Narrative Update • Jun 03

WELL: Data Platform And Higher Margins Will Support Future Upside Potential

Analysts have lifted their price target on Welltower from $260.00 to about $271.37, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that collectively support a higher valuation framework. What's in the News Welltower reported Q1 2026 normalized FFO of $1.47 per share, 23% higher year over year, with revenue growth of 38.3% and same store NOI growth of 16.4%, supported by seniors housing occupancy at 88.8% (Source: Q1 2026 earnings reports).
MPT
US$4.97
Medical Properties Trust
7D
-0.8%
1Y
10.7%
Narrative Update • Jun 02

MPT: Higher Discount Rate And Earnings Timing Will Shape Future Risk Balance

Analysts kept their $5.00 fair value estimate for Medical Properties Trust in place but now apply a slightly higher discount rate and lower revenue growth and profit margin assumptions. This also leads them to use a higher future P/E multiple of about 40.5x versus roughly 24.0x previously.
CTRE
US$36.75
CareTrust REIT
7D
-1.8%
1Y
26.7%
Narrative Update • Jun 01

CTRE: Forward Equity And Pipeline Deployment Will Drive Future Upside Potential

The updated analyst price target for CareTrust REIT edges up from about $43.67 to $44.91 per share, supported by recent Street revisions that lifted individual targets to $46 and $49 as analysts refreshed their models following Q1 healthcare REIT earnings and reaffirmed positive views on the stock. Analyst Commentary Recent Street commentary on CareTrust REIT has skewed constructive, with several bullish analysts lifting price targets after updating models around Q1 healthcare REIT earnings and reiterating positive stances on the stock.
VTR
US$83.89
Ventas
7D
6.1%
1Y
31.7%
Narrative Update • May 29

VTR: Improved 2026 Earnings Outlook Will Support Bullish Cash Flow Trajectory

Analysts have lifted their price target on Ventas from $93.10 to $96.65 as they update their assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Ventas updated full year 2026 guidance for attributable net income per share to a range of $0.56 to $0.63, with a midpoint of $0.60, compared with the prior midpoint of $0.57 (company guidance).
NHP
US$14.26
National Healthcare Properties
7D
-0.1%
1Y
n/a
New Narrative • May 20

Aging Demographics And Senior Housing Focus Will Support This Healthcare REIT’s Long Term Outlook

Catalysts About National Healthcare Properties National Healthcare Properties is a publicly traded health care REIT focused primarily on senior housing communities in the United States. What are the underlying business or industry changes driving this perspective?