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U.S. Healthcare REITs Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies19
  • 7D6.6%
  • 3M10.9%
  • 1Y33.0%
  • YTDn/a

The Healthcare REITs industry is up 1.9% in the last week, with Welltower up 2.0%. Meanwhile, Medical Properties Trust actually underperformed within the industry, shrinking 7.0% in the last week. This means that the industry has gained 30% over the past year. 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
Thu, 25 Jun 2026US$285.4bUS$34.7bUS$1.6b38.6x176.6x8.2x
Sat, 23 May 2026US$286.7bUS$34.7bUS$1.6b39x177.4x8.3x
Mon, 20 Apr 2026US$275.4bUS$33.1bUS$361.5m42.8x761.8x8.3x
Wed, 18 Mar 2026US$268.4bUS$32.5bUS$355.1m38.1x755.9x8.3x
Fri, 13 Feb 2026US$265.5bUS$32.7b-US$426,906,000.0035.8x-622x8.1x
Sun, 11 Jan 2026US$239.5bUS$31.5bUS$440.3m32.4x544x7.6x
Tue, 09 Dec 2025US$254.3bUS$31.5bUS$440.3m31.9x577.6x8.1x
Thu, 06 Nov 2025US$236.0bUS$31.8bUS$391.0m30.1x603.6x7.4x
Sat, 04 Oct 2025US$229.1bUS$30.4bUS$354.3m31.9x646.6x7.5x
Mon, 01 Sep 2025US$222.1bUS$30.4bUS$332.7m34.8x667.6x7.3x
Wed, 30 Jul 2025US$206.4bUS$30.2b-US$151,521,000.0034.1x-1362.3x6.8x
Fri, 27 Jun 2025US$199.5bUS$29.4bUS$68.9m36.2x2895.5x6.8x
Sun, 25 May 2025US$194.5bUS$29.7bUS$181.8m31.7x1069.5x6.6x
Tue, 22 Apr 2025US$197.3bUS$28.7b-US$1,068,162,000.0033.3x-184.7x6.9x
Thu, 20 Mar 2025US$203.5bUS$28.7b-US$1,068,162,000.0035.2x-190.6x7.1x
Sat, 15 Feb 2025US$198.5bUS$28.2b-US$1,397,179,000.0040x-142x7x
Mon, 13 Jan 2025US$172.7bUS$27.4b-US$1,625,663,000.0040.4x-106.2x6.3x
Wed, 11 Dec 2024US$184.1bUS$27.4b-US$1,625,663,000.0043.7x-113.3x6.7x
Fri, 08 Nov 2024US$189.2bUS$27.0b-US$820,081,000.0049.1x-230.7x7x
Sun, 06 Oct 2024US$182.5bUS$26.2b-US$1,429,354,000.0054x-127.7x7x
Tue, 03 Sep 2024US$177.6bUS$26.2b-US$1,429,354,000.0052.5x-124.3x6.8x
Thu, 01 Aug 2024US$164.4bUS$26.5b-US$996,249,000.0053.1x-165x6.2x
Sat, 29 Jun 2024US$152.1bUS$26.1b-US$1,195,454,000.0044.5x-127.3x5.8x
Mon, 27 May 2024US$127.4bUS$23.1b-US$1,239,464,000.0037.6x-102.8x5.5x
Wed, 24 Apr 2024US$118.5bUS$22.6b-US$276,709,000.0043x-428.4x5.3x
Fri, 22 Mar 2024US$115.7bUS$22.5b-US$241,386,000.0041.6x-479.5x5.1x
Sun, 18 Feb 2024US$115.3bUS$23.5bUS$220.0m35.4x523.9x4.9x
Tue, 16 Jan 2024US$119.0bUS$24.3bUS$48.6m47.7x2449.1x4.9x
Thu, 14 Dec 2023US$114.5bUS$24.3bUS$48.6m44.5x2356.8x4.7x
Sat, 11 Nov 2023US$107.2bUS$24.3bUS$27.8m37.2x3851x4.4x
Mon, 09 Oct 2023US$104.1bUS$23.9bUS$463.1m30.7x224.7x4.3x
Wed, 06 Sep 2023US$108.9bUS$24.0bUS$472.6m32.8x230.4x4.5x
Fri, 04 Aug 2023US$116.9bUS$23.6bUS$709.8m31.8x164.7x4.9x
Sun, 02 Jul 2023US$110.6bUS$23.3bUS$746.1m32.6x148.2x4.7x
Price to Earnings Ratio

148.2x


Total Market Cap: US$110.6bTotal 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 372.9x202420252026
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 172x 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 8.0x.
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-2.47%
Real Estate2.33%
REITS1.50%
Healthcare REITs6.56%
Retail REITs4.19%
Office REITs2.55%
Residential REITs2.13%
Hotel and Resort REITs1.63%
Diversified REITs1.50%
Specialized REITs0.93%
Industrial REITs0.75%
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$221.437.2%
+US$10.5b		44.3%PB3.6x
VTR VentasUS$86.575.4%
+US$2.1b		36.3%PB3.2x
DOC Healthpeak PropertiesUS$20.827.3%
+US$979.0m		20.3%PB1.8x
OHI Omega Healthcare InvestorsUS$47.386.1%
+US$816.0m		29.3%PB2.7x
CTRE CareTrust REITUS$39.408.3%
+US$713.4m		29.1%PB2.3x

Latest News

ARE
US$51.24
Alexandria Real Estate Equities
7D
4.1%
1Y
-30.5%
VTR
US$86.57
Ventas
7D
5.4%
1Y
36.3%
WELL
US$221.43
Welltower
7D
7.2%
1Y
44.3%
MPT
US$4.45
Medical Properties Trust
7D
-6.1%
1Y
0%
Seeking Alpha • Jun 22

Medical Properties: Strong Recovery Potential

Summary Medical Properties Trust is stabilizing operations by transitioning hospital assets to more solvent tenants and improving rent collections. MPT targets a $1.0B annualized cash rent collection run-rate by end of 2026, supporting operational recovery. The REIT trades at a 40% discount to book value, reflecting asset sales and portfolio shrinkage in core real estate categories. Key risk remains potential increases in rent non-payments, but recent NFFO growth and tenant stabilization are encouraging. Read the full article on Seeking Alpha
AHR
US$50.10
American Healthcare REIT
7D
7.7%
1Y
38.6%
CTRE
US$39.40
CareTrust REIT
7D
8.3%
1Y
29.1%
DOC
US$20.82
Healthpeak Properties
7D
7.3%
1Y
20.3%
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$14.33
National Healthcare Properties
7D
-0.3%
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
OHI
US$47.38
Omega Healthcare Investors
7D
6.1%
1Y
29.3%
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.
JAN
US$28.58
Janus Living
7D
11.9%
1Y
n/a