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U.S. Residential REITs Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies14
  • 7D1.4%
  • 3M2.6%
  • 1Y-5.5%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has risen 1.4%, driven by gains from AvalonBay Communities of 0.2%. During this same period, the Clipper Realty underperformed, falling 7.9%. In the past year, the industry is down 5.5%. As for the next few years, earnings are forecast to decline by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026US$119.9bUS$15.7bUS$3.8b28.5x31.4x7.7x
Thu, 23 Apr 2026US$112.0bUS$15.6bUS$3.9b27.7x28.3x7.2x
Sat, 21 Mar 2026US$109.5bUS$15.6bUS$3.9b26.7x27.7x7x
Mon, 16 Feb 2026US$116.7bUS$15.6bUS$3.9b29.3x30.3x7.5x
Wed, 14 Jan 2026US$115.4bUS$15.6bUS$3.9b28.5x29.5x7.4x
Fri, 12 Dec 2025US$115.6bUS$15.6bUS$3.9b28.2x29.5x7.4x
Sun, 09 Nov 2025US$114.9bUS$15.6bUS$4.0b27.5x28.8x7.4x
Tue, 07 Oct 2025US$120.9bUS$15.4bUS$3.7b28x33.1x7.8x
Thu, 04 Sep 2025US$123.0bUS$15.4bUS$3.7b29.6x33.7x8x
Sat, 02 Aug 2025US$122.2bUS$15.4bUS$3.6b28.9x33.8x7.9x
Mon, 30 Jun 2025US$126.3bUS$15.3bUS$3.4b30.8x36.9x8.2x
Wed, 28 May 2025US$127.8bUS$15.3bUS$3.4b32.1x37.3x8.3x
Fri, 25 Apr 2025US$133.1bUS$15.2bUS$3.5b55.8x38.2x8.8x
Sun, 23 Mar 2025US$137.1bUS$15.2bUS$3.5b57x39.2x9x
Tue, 18 Feb 2025US$137.4bUS$15.2bUS$3.4b31.9x40.9x9x
Thu, 16 Jan 2025US$134.1bUS$15.0bUS$3.2b33.1x42x8.9x
Sat, 14 Dec 2024US$142.5bUS$15.0bUS$3.2b35.1x44.7x9.5x
Mon, 11 Nov 2024US$143.5bUS$15.0bUS$3.2b35.6x45x9.5x
Wed, 09 Oct 2024US$138.3bUS$14.9bUS$3.0b34.9x45.7x9.3x
Fri, 06 Sep 2024US$143.3bUS$14.9bUS$3.0b36.7x47.3x9.6x
Sun, 04 Aug 2024US$133.2bUS$14.9bUS$3.1b34.5x43x8.9x
Tue, 02 Jul 2024US$129.4bUS$14.8bUS$3.6b29.8x36.4x8.7x
Thu, 30 May 2024US$126.3bUS$15.6bUS$4.2b27x30.1x8.1x
Sat, 27 Apr 2024US$125.4bUS$15.5bUS$4.0b27.5x31.2x8.1x
Mon, 25 Mar 2024US$120.9bUS$15.5bUS$3.9b27.8x31.1x7.8x
Wed, 21 Feb 2024US$116.9bUS$15.5bUS$3.9b26.9x30.4x7.5x
Fri, 19 Jan 2024US$130.6bUS$17.2bUS$4.0b28.2x32.7x7.6x
Sun, 17 Dec 2023US$134.5bUS$17.2bUS$4.0b30.3x33.7x7.8x
Tue, 14 Nov 2023US$118.5bUS$17.2bUS$4.0b25.2x29.7x6.9x
Thu, 12 Oct 2023US$129.9bUS$17.1bUS$3.9b27.4x33.6x7.6x
Sat, 09 Sep 2023US$135.9bUS$17.1bUS$3.9b28.6x35.1x8x
Mon, 07 Aug 2023US$140.0bUS$17.1bUS$4.1b29.4x33.9x8.2x
Wed, 05 Jul 2023US$143.7bUS$16.8bUS$4.3b27.4x33.5x8.6x
Fri, 02 Jun 2023US$135.0bUS$16.8bUS$4.3b25.8x31.5x8x
Price to Earnings Ratio

31.5x


Total Market Cap: US$135.0bTotal Earnings: US$4.3bTotal Revenue: US$16.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 35.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Residential 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 31.4x which is lower than its 3-year average PE of 35.2x.
  • The industry is trading close to its 3-year average PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 3.8% per year over the last three years,
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Residential REITs compare with similar industries?

US Market1.11%
Real Estate1.75%
REITS1.19%
Residential REITs1.42%
Hotel and Resort REITs2.65%
Industrial REITs2.41%
Retail REITs1.68%
Specialized REITs1.51%
Diversified REITs1.19%
Healthcare REITs1.00%
Office REITs0.61%
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
AVB AvalonBay CommunitiesUS$185.650.2%
+US$568.1m		-6.3%PB2.3x
MAA Mid-America Apartment CommunitiesUS$131.142.3%
+US$336.4m		-14.2%PB2.8x
CPT Camden Property TrustUS$107.472.7%
+US$293.3m		-4.9%PB2.7x
EQR Equity ResidentialUS$66.201.2%
+US$291.2m		-2.1%PB2.3x
ESS Essex Property TrustUS$276.701.6%
+US$286.6m		2.7%PB3.3x

Latest News

CPT
US$107.47
Camden Property Trust
7D
2.7%
1Y
-4.9%
Seeking Alpha • May 23

Camden Property Trust: An Investment-Grade Apartment REIT Betting On Sunbelt Growth

Summary Camden Property Trust is rated a hold, driven by Sunbelt exposure, robust migration trends, and proven top-line growth. CPT maintains high occupancy rates (~95%), ongoing portfolio expansion, and a history of revenue growth, despite recent Q1 earnings misses and some downgrades. Balance sheet strength is underscored by investment-grade ratings, modest leverage, geographic diversification, and positive operating cash flow growth. Dividend coverage appears solid, and CPT trades at a valuation that may offer long-term upside despite near-term NOI softness and mixed peer performance. Chart technicals have not yet confirmed a bullish trend but more of a neutral or speculative pattern. Read the full article on Seeking Alpha
EQR
US$66.20
Equity Residential
7D
1.2%
1Y
-2.1%
AVB
US$185.65
AvalonBay Communities
7D
0.2%
1Y
-6.3%
MAA
US$131.14
Mid-America Apartment Communities
7D
2.3%
1Y
-14.2%
ESS
US$276.70
Essex Property Trust
7D
1.6%
1Y
2.7%
IRT
US$16.86
Independence Realty Trust
7D
3.7%
1Y
-6.3%
Narrative Update • May 21

IRT: Dividend Increase And Buyback Activity Will Support Upside Potential

Analysts now place Independence Realty Trust's price target near $19.07, compared with about $18.96 previously. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
CLPR
US$2.91
Clipper Realty
7D
-7.9%
1Y
-26.1%
Seeking Alpha • May 19

Clipper Realty: Attractively Valued Despite Fundamental Pressures

Summary Clipper Realty remains a "Buy" despite a 20% share price decline and ongoing rent regulation headwinds in NYC. The residential portfolio outperforms with free market rents up 7%, but rent-stabilized units face regulatory risk and refinancing challenges. The non-recourse, property-level debt structure enables CLPR to walk away from underperforming assets, preserving equity value. Dividend yield stands at 13%; payout appears safe through 2026, but a post-2026 cut is likely as interest expense rises. Read the full article on Seeking Alpha
NXRT
US$29.74
NexPoint Residential Trust
7D
3.3%
1Y
-10.7%
Seeking Alpha • May 18

NexPoint Residential Trust: Cheap On Paper But Headwinds Exist

Summary NexPoint Residential Trust pays a well-covered dividend of 7.5%, with a consistent track record of increasing its dividends. NXRT is trading at a significant discount to NAV estimates. However, leverage remains high and rising interest expense is a drag on earnings. Read the full article on Seeking Alpha
UDR
US$38.01
UDR
7D
1.5%
1Y
-3.7%