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U.S. Healthcare REITs Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.2%
  • 3M10.8%
  • 1Y35.4%
  • YTDn/a

Over the last 7 days, the Healthcare REITs industry has dropped 2.2%, driven by a pullback from Welltower of 1.9%. This takes the industry's 12 month performance to a gain of 35%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026US$299.9bUS$34.5bUS$1.6b33.5x190x8.7x
Tue, 09 Jun 2026US$273.7bUS$34.7bUS$1.6b37.5x169.4x7.9x
Thu, 07 May 2026US$279.4bUS$34.4bUS$1.6b51.3x177.3x8.1x
Sat, 04 Apr 2026US$262.5bUS$33.1bUS$361.5m39.8x726.2x7.9x
Mon, 02 Mar 2026US$268.2bUS$32.9bUS$344.5m38.8x778.5x8.1x
Wed, 28 Jan 2026US$239.3bUS$31.4b-US$576,665,000.0032.7x-415x7.6x
Fri, 26 Dec 2025US$240.6bUS$31.5bUS$440.3m32.1x546.5x7.6x
Sun, 23 Nov 2025US$249.9bUS$31.5bUS$462.4m31.4x540.5x7.9x
Tue, 21 Oct 2025US$229.9bUS$30.4bUS$354.3m30.9x649.1x7.6x
Thu, 18 Sep 2025US$221.0bUS$30.4bUS$354.3m33.6x623.8x7.3x
Sat, 16 Aug 2025US$213.3bUS$30.4bUS$332.7m34.1x641.2x7x
Mon, 14 Jul 2025US$203.4bUS$29.4bUS$68.9m36.5x2952.4x6.9x
Wed, 11 Jun 2025US$196.0bUS$29.7bUS$181.8m32.3x1077.9x6.6x
Fri, 09 May 2025US$198.5bUS$29.6bUS$158.3m31.6x1253.9x6.7x
Sun, 06 Apr 2025US$191.6bUS$28.7b-US$1,068,162,000.0033.3x-179.4x6.7x
Tue, 04 Mar 2025US$205.3bUS$28.3b-US$1,137,918,000.0033.9x-180.4x7.2x
Thu, 30 Jan 2025US$185.0bUS$27.4b-US$1,598,658,000.0040.4x-115.7x6.7x
Sat, 28 Dec 2024US$177.4bUS$27.4b-US$1,625,663,000.0041.4x-109.1x6.5x
Mon, 25 Nov 2024US$191.3bUS$27.4b-US$1,625,663,000.0044.8x-117.7x7x
Wed, 23 Oct 2024US$187.2bUS$26.3b-US$1,286,535,000.0055x-145.5x7.1x
Fri, 20 Sep 2024US$186.1bUS$26.2b-US$1,429,354,000.0053.7x-130.2x7.1x
Sun, 18 Aug 2024US$170.0bUS$26.2b-US$1,429,354,000.0050x-119x6.5x
Tue, 16 Jul 2024US$157.3bUS$26.1b-US$1,195,454,000.0047.3x-131.6x6x
Thu, 13 Jun 2024US$150.2bUS$26.1b-US$1,195,454,000.0042x-125.7x5.8x
Sat, 11 May 2024US$126.3bUS$23.1b-US$1,259,953,000.0039.8x-100.2x5.5x
Mon, 08 Apr 2024US$115.5bUS$22.6b-US$276,709,000.0042.3x-417.5x5.1x
Wed, 06 Mar 2024US$113.1bUS$22.5b-US$257,971,000.0037.3x-438.6x5x
Fri, 02 Feb 2024US$114.3bUS$24.3bUS$48.6m43x2351.6x4.7x
Sun, 31 Dec 2023US$119.4bUS$24.3bUS$48.6m45.5x2456.8x4.9x
Tue, 28 Nov 2023US$113.3bUS$24.3bUS$48.6m40.5x2332.8x4.7x
Thu, 26 Oct 2023US$105.5bUS$23.9bUS$463.1m29.2x227.9x4.4x
Sat, 23 Sep 2023US$107.3bUS$23.9bUS$463.1m30.9x231.7x4.5x
Mon, 21 Aug 2023US$108.8bUS$24.0bUS$472.6m33.4x230.1x4.5x
Wed, 19 Jul 2023US$111.8bUS$23.3bUS$746.1m33x149.8x4.8x
Price to Earnings Ratio

149.8x


Total Market Cap: US$111.8bTotal 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 373.5x202420252026
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 190x which is lower than its 3-year average PE of 374x.
  • The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have grown 28% 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 Market0.81%
Real Estate-1.08%
REITS0.35%
Healthcare REITs-2.16%
Industrial REITs0.69%
Diversified REITs0.35%
Hotel and Resort REITs-1.36%
Retail REITs-1.71%
Residential REITs-2.44%
Specialized REITs-2.50%
Office REITs-4.03%
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
HR Healthcare Realty TrustUS$20.690.4%
+US$27.7m		28.5%PB1.6x
NHP National Healthcare PropertiesUS$14.951.0%
+US$10.9m		n/aPB1.8x

Latest News

VTR
US$90.66
Ventas
7D
-2.0%
1Y
40.0%
Seeking Alpha • 16h

Ventas: Ahead Of Q2 Results, Lots To Like About This Senior-Care REIT

Summary Ventas is positioned as both a dividend and growth REIT, benefiting from macro tailwinds in senior housing demand. VTR’s investment-grade balance sheet, geographic diversity, and expanding portfolio underpin its resilience and modest growth outlook. Despite a rich 23x forward earnings multiple, upside forecasts are only 7%–10%, warranting a more neutral valuation stance. Dividend coverage is strong at 1.7x AFFO/share, with a 57% payout ratio and a focus on growth and safety over yield. Read the full article on Seeking Alpha
HR
US$20.69
Healthcare Realty Trust
7D
0.4%
1Y
28.5%
OHI
US$48.30
Omega Healthcare Investors
7D
-2.2%
1Y
28.7%
NHP
US$14.95
National Healthcare Properties
7D
1.0%
1Y
n/a
DOC
US$21.65
Healthpeak Properties
7D
-1.1%
1Y
17.3%
Narrative Update • Jul 10

DOC: Index Additions And Higher Earnings Outlook Will Support Future Upside

Analysts have raised their price target for Healthpeak Properties from $25.80 to $26.94, citing updated assumptions around revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Healthpeak Properties Healthpeak Properties, Inc.
SBRA
US$19.62
Sabra Health Care REIT
7D
-2.7%
1Y
6.3%
Seeking Alpha • Jul 09

Sabra Health Care: Pivoting To Win From An Unstoppable Demographic Tailwind

Summary Sabra Health Care REIT remains a Buy, driven by its aggressive pivot into the Seniors Housing Operating Portfolio model. SBRA's SHOP transition offers direct exposure to demographic tailwinds from the 'Silver Tsunami,' positioning for significant potential occupancy and AFFO growth. Q1 results were strong, with AFFO at $0.39/share, nearly reaching the annual investment target, and a 77% dividend payout ratio supporting a ~6% yield. Despite near-term macro headwinds and increased operational risk, SBRA's intrinsic value estimate of $23.41/share implies re-rating potential above current levels. Read the full article on Seeking Alpha
AHR
US$53.57
American Healthcare REIT
7D
-2.7%
1Y
46.2%
ARE
US$47.88
Alexandria Real Estate Equities
7D
-8.9%
1Y
-39.8%
Narrative Update • Jul 08

ARE: Softer Margins And Widening Revenue Contraction Will Pressure Overvalued Shares

Analysts have trimmed their fair value estimate and implied price target for Alexandria Real Estate Equities from $50.00 to $42.00, reflecting slightly lower assumptions for revenue growth, profit margins, and future P/E multiples, along with a modest adjustment to the discount rate. What's in the News for Alexandria Real Estate Equities Alexandria Real Estate Equities, Inc.
WELL
US$231.59
Welltower
7D
-1.9%
1Y
49.3%
Narrative Update • Jul 07

WELL: Senior Housing Momentum And 2026 Dividend Outlook Will Support Balanced View

Analysts have adjusted their price target for Welltower to about $238.73 per share from $233.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for Welltower Analysts are watching for Welltower’s Q2 2026 earnings, with expectations for a double digit profit increase and continued focus on senior housing performance, according to recent earnings previews.
CTRE
US$40.22
CareTrust REIT
7D
-3.7%
1Y
30.9%