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U.S. Healthcare REITs Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies19
  • 7D1.9%
  • 3M8.6%
  • 1Y30.2%
  • YTDn/a

The Healthcare REITs is pretty flat in the last 7 days, but Janus Living has stood out, gaining 4.4%. As for the the longer term, the industry is up 27% over the past 12 months. 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
Wed, 24 Jun 2026US$277.7bUS$34.7bUS$1.6b37.9x171.9x8x
Fri, 22 May 2026US$289.6bUS$34.7bUS$1.6b39x179.2x8.4x
Sun, 19 Apr 2026US$275.4bUS$33.1bUS$361.5m42.8x761.8x8.3x
Tue, 17 Mar 2026US$265.7bUS$32.5bUS$355.1m37.4x748x8.2x
Thu, 12 Feb 2026US$259.3bUS$32.7b-US$426,906,000.0036x-607.3x7.9x
Sat, 10 Jan 2026US$239.8bUS$31.5bUS$440.3m32.4x544.6x7.6x
Mon, 08 Dec 2025US$254.2bUS$31.5bUS$440.3m32.2x577.3x8.1x
Wed, 05 Nov 2025US$234.3bUS$31.8bUS$391.0m29.8x599.3x7.4x
Fri, 03 Oct 2025US$232.6bUS$30.4bUS$354.3m32.1x656.5x7.6x
Sun, 31 Aug 2025US$222.1bUS$30.4bUS$332.7m34.8x667.6x7.3x
Tue, 29 Jul 2025US$209.0bUS$29.4b-US$197,911,000.0033.3x-1055.9x7.1x
Thu, 26 Jun 2025US$200.8bUS$29.4bUS$68.9m36.2x2914.1x6.8x
Sat, 24 May 2025US$192.6bUS$29.7bUS$181.8m31.7x1059x6.5x
Mon, 21 Apr 2025US$197.3bUS$28.7b-US$1,068,162,000.0034.3x-184.7x6.9x
Wed, 19 Mar 2025US$204.8bUS$28.7b-US$1,068,162,000.0035.9x-191.7x7.1x
Fri, 14 Feb 2025US$191.5bUS$28.2b-US$1,397,179,000.0040.2x-137.1x6.8x
Sun, 12 Jan 2025US$172.7bUS$27.4b-US$1,625,663,000.0040.4x-106.2x6.3x
Tue, 10 Dec 2024US$185.0bUS$27.4b-US$1,625,663,000.0043.3x-113.8x6.8x
Thu, 07 Nov 2024US$191.8bUS$27.0b-US$818,734,000.0047.8x-234.2x7.1x
Sat, 05 Oct 2024US$183.6bUS$26.2b-US$1,429,354,000.0054x-128.4x7x
Mon, 02 Sep 2024US$177.6bUS$26.2b-US$1,429,354,000.0052.5x-124.3x6.8x
Wed, 31 Jul 2024US$165.4bUS$26.4b-US$979,140,000.0049.4x-168.9x6.3x
Fri, 28 Jun 2024US$150.4bUS$26.1b-US$1,195,454,000.0043.4x-125.8x5.8x
Sun, 26 May 2024US$127.4bUS$23.1b-US$1,239,464,000.0037.6x-102.8x5.5x
Tue, 23 Apr 2024US$116.7bUS$22.6b-US$276,709,000.0041.9x-421.7x5.2x
Thu, 21 Mar 2024US$115.9bUS$22.5b-US$241,386,000.0041x-480x5.1x
Sat, 17 Feb 2024US$116.6bUS$23.3bUS$226.8m35.4x514.2x5x
Mon, 15 Jan 2024US$119.0bUS$24.3bUS$48.6m47.7x2449.1x4.9x
Wed, 13 Dec 2023US$114.5bUS$24.3bUS$48.6m42.7x2357x4.7x
Fri, 10 Nov 2023US$109.9bUS$24.3bUS$19.9m36.6x5526.6x4.5x
Sun, 08 Oct 2023US$104.1bUS$23.9bUS$463.1m30.7x224.7x4.3x
Tue, 05 Sep 2023US$111.2bUS$24.0bUS$472.6m33.7x235.2x4.6x
Thu, 03 Aug 2023US$116.6bUS$23.6bUS$734.2m33.9x158.9x4.9x
Sat, 01 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 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 Market-2.31%
Real Estate-0.21%
REITS-2.45%
Healthcare REITs1.94%
Retail REITs0.12%
Hotel and Resort REITs0.025%
Industrial REITs-0.70%
Office REITs-1.06%
Residential REITs-1.15%
Specialized REITs-2.22%
Diversified REITs-2.45%
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$217.672.0%
+US$2.9b		41.1%PB3.5x
VTR VentasUS$85.371.8%
+US$719.5m		34.8%PB3.2x
CTRE CareTrust REITUS$38.804.8%
+US$418.1m		26.4%PB2.2x
AHR American Healthcare REITUS$48.673.8%
+US$346.9m		33.7%PB2.7x
DOC Healthpeak PropertiesUS$20.562.3%
+US$324.0m		17.6%PB1.8x

Latest News

ARE
US$51.60
Alexandria Real Estate Equities
7D
-0.3%
1Y
-31.5%
VTR
US$85.37
Ventas
7D
1.8%
1Y
34.8%
WELL
US$217.67
Welltower
7D
2.0%
1Y
41.1%
DHC
US$9.14
Diversified Healthcare Trust
7D
4.0%
1Y
148.4%
Narrative Update • Jun 23

DHC: Expense Savings Driven 2026 Outlook Will Face Execution Risk

Analysts have lifted the fair value estimate for Diversified Healthcare Trust from $5.00 to $8.00, pointing to progress in repositioning its SHOP portfolio, higher 2026 guidance tied to expense savings, and expectations for revenue-generating projects and property conversions to support stronger earnings. Analyst Commentary Recent Street research on Diversified Healthcare Trust has centered on revisions to fair value estimates and updated views on how the repositioned SHOP portfolio and expense savings could influence earnings over time.
MPT
US$4.51
Medical Properties Trust
7D
-7.0%
1Y
0.2%
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$48.67
American Healthcare REIT
7D
3.8%
1Y
33.7%
CTRE
US$38.80
CareTrust REIT
7D
4.8%
1Y
26.4%
DOC
US$20.56
Healthpeak Properties
7D
2.3%
1Y
17.6%
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
OHI
US$46.41
Omega Healthcare Investors
7D
2.0%
1Y
25.1%
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$20.30
Healthcare Realty Trust
7D
-1.0%
1Y
30.9%
XRN
US$35.77
Chiron Real Estate
7D
-0.5%
1Y
8.9%
Narrative Update • Jun 17

XRN: Future Returns Will Hinge On Dilutive Shift To Senior Housing

The analyst price target for Chiron Real Estate has been reset from $33.05 to $14.32 as analysts factor in the expected earnings dilution and limited near term performance markers related to the company's ongoing shift toward senior housing operations. Analyst Commentary Recent Street research around Chiron Real Estate centers on the company’s pivot toward senior housing operations, with several bearish analysts highlighting the potential for earnings dilution and limited near term visibility on performance.
JAN
US$27.04
Janus Living
7D
6.6%
1Y
n/a
UHT
US$39.98
Universal Health Realty Income Trust
7D
-0.03%
1Y
-2.0%