Narrative Update • Jun 26

In the last week, the Healthcare REITs industry is up 9.2%, with all of the companies up. This means that the industry has gained 38% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Has the U.S. Healthcare REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 Jun 2026 | US$298.6b | US$34.7b | US$1.6b | 39x | 184.8x | 8.6x |
| Tue, 26 May 2026 | US$286.9b | US$34.7b | US$1.6b | 39x | 177.5x | 8.3x |
| Thu, 23 Apr 2026 | US$269.6b | US$33.1b | US$361.5m | 51x | 745.9x | 8.1x |
| Sat, 21 Mar 2026 | US$263.0b | US$32.5b | US$355.1m | 35.7x | 740.4x | 8.1x |
| Mon, 16 Feb 2026 | US$267.8b | US$32.7b | -US$262,410,000.00 | 36x | -1020.6x | 8.2x |
| Wed, 14 Jan 2026 | US$240.4b | US$31.5b | US$440.3m | 32.8x | 546x | 7.6x |
| Fri, 12 Dec 2025 | US$242.6b | US$31.5b | US$440.3m | 32.2x | 551x | 7.7x |
| Sun, 09 Nov 2025 | US$243.0b | US$31.9b | US$460.4m | 31x | 527.8x | 7.6x |
| Tue, 07 Oct 2025 | US$228.7b | US$30.4b | US$354.3m | 31.1x | 645.7x | 7.5x |
| Thu, 04 Sep 2025 | US$221.1b | US$30.4b | US$332.7m | 34.4x | 664.7x | 7.3x |
| Sat, 02 Aug 2025 | US$212.6b | US$30.4b | -US$126,461,000.00 | 34.4x | -1680.9x | 7x |
| Mon, 30 Jun 2025 | US$196.9b | US$29.4b | US$68.9m | 36.3x | 2857.9x | 6.7x |
| Wed, 28 May 2025 | US$194.5b | US$29.7b | US$181.8m | 32.2x | 1069.5x | 6.6x |
| Fri, 25 Apr 2025 | US$197.7b | US$28.7b | -US$1,068,162,000.00 | 33.5x | -185.1x | 6.9x |
| Sun, 23 Mar 2025 | US$199.2b | US$28.7b | -US$1,068,162,000.00 | 33.8x | -186.5x | 6.9x |
| Tue, 18 Feb 2025 | US$197.8b | US$28.1b | -US$1,397,179,000.00 | 40x | -141.6x | 7x |
| Thu, 16 Jan 2025 | US$175.9b | US$27.4b | -US$1,625,663,000.00 | 41.4x | -108.2x | 6.4x |
| Sat, 14 Dec 2024 | US$181.0b | US$27.4b | -US$1,625,663,000.00 | 42.6x | -111.3x | 6.6x |
| Mon, 11 Nov 2024 | US$195.3b | US$26.9b | -US$1,599,897,000.00 | 47.6x | -122.1x | 7.3x |
| Wed, 09 Oct 2024 | US$181.3b | US$26.2b | -US$1,429,354,000.00 | 53.3x | -126.9x | 6.9x |
| Fri, 06 Sep 2024 | US$180.2b | US$26.2b | -US$1,429,354,000.00 | 54.3x | -126.1x | 6.9x |
| Sun, 04 Aug 2024 | US$167.0b | US$26.6b | -US$1,101,305,000.00 | 52.5x | -151.6x | 6.3x |
| Tue, 02 Jul 2024 | US$153.3b | US$26.1b | -US$1,195,454,000.00 | 43.5x | -128.2x | 5.9x |
| Thu, 30 May 2024 | US$127.2b | US$23.1b | -US$1,239,528,000.00 | 39.7x | -102.6x | 5.5x |
| Sat, 27 Apr 2024 | US$119.8b | US$22.6b | -US$387,089,000.00 | 46.1x | -309.4x | 5.3x |
| Mon, 25 Mar 2024 | US$114.7b | US$22.6b | -US$276,709,000.00 | 40.9x | -414.6x | 5.1x |
| Wed, 21 Feb 2024 | US$114.7b | US$23.5b | US$220.0m | 35.6x | 521.2x | 4.9x |
| Fri, 19 Jan 2024 | US$114.5b | US$24.3b | US$48.6m | 44.8x | 2357.4x | 4.7x |
| Sun, 17 Dec 2023 | US$119.1b | US$24.3b | US$48.6m | 45.3x | 2452.1x | 4.9x |
| Tue, 14 Nov 2023 | US$108.2b | US$24.3b | US$25.9m | 36.7x | 4179.8x | 4.5x |
| Thu, 12 Oct 2023 | US$109.3b | US$23.9b | US$463.1m | 30.8x | 236.1x | 4.6x |
| Sat, 09 Sep 2023 | US$109.3b | US$24.0b | US$472.6m | 32.8x | 231.3x | 4.6x |
| Mon, 07 Aug 2023 | US$115.0b | US$23.8b | US$834.5m | 34x | 137.8x | 4.8x |
| Wed, 05 Jul 2023 | US$111.9b | US$23.3b | US$746.1m | 32.7x | 149.9x | 4.8x |
149.9x
How does U.S. Healthcare REITs compare with similar industries?
| US Market | -2.52% | |
| Real Estate | 4.22% | |
| REITS | 3.56% | |
| Healthcare REITs | 9.21% | |
| Residential REITs | 6.79% | |
| Retail REITs | 5.95% | |
| Specialized REITs | 4.21% | |
| Office REITs | 4.11% | |
| Diversified REITs | 3.56% | |
| Hotel and Resort REITs | 1.91% | |
| Industrial REITs | 1.22% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WELL Welltower | US$227.33 | 10.0% +US$14.6b | 49.4% | PB3.7x | |
| VTR Ventas | US$89.05 | 9.1% +US$3.6b | 41.6% | PB3.3x | |
| DOC Healthpeak Properties | US$21.55 | 10.2% +US$1.4b | 24.1% | PB1.9x | |
| OHI Omega Healthcare Investors | US$48.06 | 7.9% +US$1.1b | 31.4% | PB2.8x | |
| CTRE CareTrust REIT | US$40.83 | 10.2% +US$890.6m | 33.4% | PB2.3x |