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U.S. Healthcare REITs Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies19
  • 7D1.3%
  • 3M3.3%
  • 1Y35.4%
  • YTDn/a

The Healthcare REITs is pretty flat in the last 7 days, but Alexandria Real Estate Equities has stood out, gaining 3.6%. The past year has been better, since the industry has gained 37% in that time. 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
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
Tue, 30 May 2023US$102.0bUS$23.3bUS$819.6m26.9x124.5x4.4x
Price to Earnings Ratio

124.5x


Total Market Cap: US$102.0bTotal Earnings: US$819.6mTotal Revenue: US$23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare REITs Industry Price to Earnings3Y Average 371.9x202420252026
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 179x which is lower than its 3-year average PE of 372x.
  • The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Health Care REITs industry have grown 25% 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 Market1.01%
Real Estate2.80%
REITS2.78%
Healthcare REITs1.27%
Hotel and Resort REITs5.39%
Industrial REITs3.70%
Residential REITs3.50%
Specialized REITs3.30%
Diversified REITs2.78%
Retail REITs2.67%
Office REITs2.18%
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$216.171.1%
+US$1.7b		44.9%PB3.5x
ARE Alexandria Real Estate EquitiesUS$48.377.6%
+US$592.5m		-28.7%PB0.5x
VTR VentasUS$88.180.8%
+US$354.9m		37.5%PB3.3x
DOC Healthpeak PropertiesUS$19.731.9%
+US$255.1m		17.2%PB1.7x
OHI Omega Healthcare InvestorsUS$47.901.2%
+US$169.7m		32.3%PB2.7x

Latest News

AHR
US$50.19
American Healthcare REIT
7D
1.7%
1Y
46.2%
DHC
US$8.75
Diversified Healthcare Trust
7D
4.7%
1Y
178.7%
NHP
US$14.73
National Healthcare Properties
7D
-0.9%
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?
NHI
US$76.42
National Health Investors
7D
2.4%
1Y
5.5%
OHI
US$47.90
Omega Healthcare Investors
7D
1.2%
1Y
32.3%
Narrative Update • May 17

OHI: Senior Housing Expansion And External Deals Will Guide Balanced 2026 Outlook

Narrative Update on Omega Healthcare Investors The analyst price target for Omega Healthcare Investors has been revised higher by $0.75 to $50.13. This reflects a series of recent target increases from multiple firms as analysts highlight updated sector views and company specific factors.
VTR
US$88.18
Ventas
7D
0.8%
1Y
37.5%
ARE
US$48.37
Alexandria Real Estate Equities
7D
7.6%
1Y
-28.7%
Narrative Update • May 17

ARE: Governance Shift And Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their price target for Alexandria Real Estate Equities by a little over $2 per share, citing updated assumptions that reflect a slightly higher discount rate, softer revenue expectations, and a modestly stronger profit margin outlook, which together feed into a recalibrated future P/E estimate. What's in the News On March 31, 2026, Alexandria Real Estate Equities filed Articles Supplementary in Maryland to opt out of Section 3-804(a) of the Maryland General Corporation Law, removing the statutory requirement for a two thirds stockholder vote to remove directors (Key Developments).
WELL
US$216.17
Welltower
7D
1.1%
1Y
44.9%
DOC
US$19.73
Healthpeak Properties
7D
1.9%
1Y
17.2%
Narrative Update • May 13

DOC: Buyback Activity And Raised Earnings Outlook Will Mask Weaker Margin Outlook

Analysts have kept their $16.00 price target on Healthpeak Properties unchanged, citing updated assumptions that include a slightly higher discount rate, a shift to declining revenue growth, lower profit margins, and a much higher future P/E estimate. What's in the News From January 1, 2026 to May 5, 2026, Healthpeak Properties repurchased 5,950,000 shares, representing 0.86% of its stock for US$100 million under its existing buyback program (Key Developments).
SILA
US$30.21
Sila Realty Trust
7D
-1.1%
1Y
23.8%