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U.S. Residential REITs Industry Analysis

UpdatedAug 28, 2026
DataAggregated Company Financials
Companies13
  • 7D0.3%
  • 3M0.8%
  • 1Y-3.1%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has remained flat. As for the longer term, the industry has declined 3.1% in the last year. Looking forward, earnings are forecast to decline by 2.5% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Aug 2026US$169.1bUS$15.4bUS$3.5b42.5x47.8x10.9x
Sun, 26 Jul 2026US$121.2bUS$15.4bUS$3.6b31.5x34.1x7.9x
Tue, 23 Jun 2026US$115.2bUS$15.4bUS$3.7b29.9x30.8x7.5x
Thu, 21 May 2026US$117.9bUS$15.7bUS$3.8b28.1x30.9x7.5x
Sat, 18 Apr 2026US$109.8bUS$15.6bUS$3.9b28.2x27.8x7x
Mon, 16 Mar 2026US$111.1bUS$15.6bUS$4.0b27.6x27.8x7.1x
Wed, 11 Feb 2026US$117.1bUS$15.6bUS$3.8b30.6x30.7x7.5x
Fri, 09 Jan 2026US$118.0bUS$15.6bUS$3.9b29.4x30.2x7.6x
Sun, 07 Dec 2025US$115.9bUS$15.6bUS$3.9b27.9x29.6x7.4x
Tue, 04 Nov 2025US$113.0bUS$15.6bUS$3.8b25x29.6x7.2x
Thu, 02 Oct 2025US$123.1bUS$15.4bUS$3.7b28.5x33.7x8x
Sat, 30 Aug 2025US$125.6bUS$15.4bUS$3.7b30.1x34.4x8.1x
Mon, 28 Jul 2025US$129.7bUS$15.3bUS$3.4b31.6x37.8x8.5x
Wed, 25 Jun 2025US$130.7bUS$15.3bUS$3.4b31.1x38.1x8.5x
Fri, 23 May 2025US$131.0bUS$15.3bUS$3.4b32.2x38.2x8.6x
Sun, 20 Apr 2025US$131.2bUS$15.2bUS$3.5b55x37.6x8.6x
Tue, 18 Mar 2025US$136.6bUS$15.2bUS$3.5b57.7x39.1x9x
Thu, 13 Feb 2025US$137.3bUS$15.2bUS$3.3b28.6x41.3x9x
Sat, 11 Jan 2025US$131.1bUS$15.0bUS$3.2b31.8x41.1x8.7x
Mon, 09 Dec 2024US$142.3bUS$15.0bUS$3.2b35.1x44.6x9.5x
Wed, 06 Nov 2024US$135.9bUS$15.0bUS$3.2b34x42.3x9.1x
Fri, 04 Oct 2024US$141.2bUS$14.9bUS$3.0b35.3x46.6x9.5x
Sun, 01 Sep 2024US$143.0bUS$14.9bUS$3.0b37x47.2x9.6x
Tue, 30 Jul 2024US$131.9bUS$14.8bUS$3.6b30x36.9x8.9x
Thu, 27 Jun 2024US$134.6bUS$15.6bUS$4.2b29.2x32.1x8.6x
Sat, 25 May 2024US$128.0bUS$15.6bUS$4.2b28x30.5x8.2x
Mon, 22 Apr 2024US$120.7bUS$15.5bUS$3.9b27.5x31.1x7.8x
Wed, 20 Mar 2024US$119.7bUS$15.5bUS$3.9b27.6x30.8x7.7x
Fri, 16 Feb 2024US$114.5bUS$15.5bUS$3.9b27.2x29.2x7.4x
Sun, 14 Jan 2024US$134.8bUS$17.2bUS$4.0b29.4x33.7x7.8x
Tue, 12 Dec 2023US$126.9bUS$17.2bUS$4.0b27.7x31.8x7.4x
Thu, 09 Nov 2023US$119.2bUS$17.2bUS$4.0b25.8x29.8x6.9x
Sat, 07 Oct 2023US$127.0bUS$17.1bUS$3.9b26.7x32.8x7.4x
Mon, 04 Sep 2023US$137.9bUS$17.1bUS$3.9b29.3x35.7x8.1x
Price to Earnings Ratio

35.7x


Total Market Cap: US$137.9bTotal Earnings: US$3.9bTotal Revenue: US$17.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 35.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Residential REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 47.8x which is higher than its 3-year average PE of 35.2x.
  • The 3-year average PS ratio of 8.2x is lower than the industry's current PS ratio of 10.9x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 2.9% per year over the last three years,
  • Revenues have also declined 3.3% 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 Market1.16%
Real Estate-0.90%
REITS-1.65%
Residential REITs0.33%
Office REITs0.47%
Healthcare REITs0.42%
Industrial REITs0.27%
Hotel and Resort REITs-1.55%
Diversified REITs-1.65%
Specialized REITs-1.86%
Retail REITs-1.87%
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
VMRK Vivmark ResidentialUS$65.500.6%
+US$279.0m		0.3%PB4.2x
ELME Elme CommunitiesUS$1.673.1%
+US$4.4m		-90.2%PB0.2x
CLPR Clipper RealtyUS$3.384.6%
+US$2.4m		-23.5%PS0.4x

Latest News

CLPR
US$3.38
Clipper Realty
7D
4.6%
1Y
-23.5%
VMRK
US$65.50
Vivmark Residential
7D
0.6%
1Y
0.3%
MAA
US$128.79
Mid-America Apartment Communities
7D
-2.5%
1Y
-10.6%
Seeking Alpha • Aug 25

Mid-America Apartment Communities: The Risks And Valuation Offset The Catalysts

Summary Mid-America Apartment Communities, Inc. remains rated Hold due to fair valuation and mixed fundamentals despite recent share outperformance. MAA faces modest declines in effective rent and occupancy, with rising expenses offset by incremental unit growth and an ongoing development pipeline. Management targets $45M in NOI from technology and operational initiatives through 2030, leveraging smart home tech, community Wi-Fi, and process efficiencies. MAA's low net leverage ratio supports a strong balance sheet, but adjusted FFO and cash flow are forecasted to decline year-over-year, tempering upgrade potential. Read the full article on Seeking Alpha
IRT
US$16.40
Independence Realty Trust
7D
-1.4%
1Y
-8.2%
CPT
US$105.79
Camden Property Trust
7D
-2.0%
1Y
-4.5%
UDR
US$37.08
UDR
7D
-1.6%
1Y
-4.9%
Seeking Alpha • Aug 15

UDR: Almost A Coastal REIT

Summary UDR is rated an uneven "Hold" due to a strong balance sheet but significant refinancing risk from a short maturity wall. UDR's diversified portfolio is now 81.3% coastal, positioning it to benefit from coastal market recovery, with Q2 SS NOI up 1.4%. Operational efficiency is supported by AI-driven retention, but future AFFO and dividend safety are pressured by higher refinancing costs. A compelling buyback program and discount to NAV support valuation, but interest rate sensitivity and cost control remain key monitoring areas. Read the full article on Seeking Alpha
NXRT
US$23.50
NexPoint Residential Trust
7D
-2.9%
1Y
-30.7%
Seeking Alpha • Aug 14

NexPoint Residential Trust: This 8.5% REIT Is Cheaper, But Problems Remain

Summary NexPoint Residential Trust (NXRT) remains a Hold as leverage increases, guidance declines, and dividend coverage thins despite a widening NAV discount. Q2 2026 results showed modest revenue growth but declining AFFO and same-store NOI, driven by higher interest expenses and softer revenues. NXRT trades at a 47% discount to NAV, but this discount appears structural due to persistent leverage and refinancing risks. Dividend yield is 8.52% with coverage deteriorating; upcoming swap expirations signal further earnings pressure into 2027. Read the full article on Seeking Alpha
ESS
US$280.76
Essex Property Trust
7D
-2.4%
1Y
4.8%
Seeking Alpha • Aug 14

Essex Property Trust: Premium Is The Point

Summary Essex Property Trust earns my sole 'Buy' rating among multifamily REIT peers, driven by superior operational efficiency and disciplined capital allocation. ESS consistently outperforms on same-store NOI and operating margins, with robust dividend coverage and a conservative, well-structured balance sheet. Management demonstrates capital allocation acumen, executing buybacks at attractive implied cap rates and selling assets at premium valuations. ESS’s coastal market focus offers strong fundamentals and limited new supply, positioning it for sector leadership as recovery in these markets accelerates. Read the full article on Seeking Alpha
CSR
US$52.55
Centerspace
7D
-3.0%
1Y
-10.5%
ELME
US$1.67
Elme Communities
7D
3.1%
1Y
-90.2%
Seeking Alpha • Aug 05

Elme Communities: Potential Opportunity In Liquidation

Summary Elme is currently liquidating their entire remaining portfolio of multifamily properties. The expected final liquidation proceeds exceed the current share price. ELME is projected to complete the liquidation process in the 4th quarter of 2026. All 4 remaining properties are already under contract, reducing the risk of failing to execute on dispositions. Although the share price increased on the recent liquidation update from ELME, enough upside remains to create an interesting opportunity. Read the full article on Seeking Alpha
AIV
US$2.51
Apartment Investment and Management
7D
-3.8%
1Y
-68.0%
Seeking Alpha • Jul 28

Apartment Management and Investment Company: Making Progress

Summary AIMCO is progressing through liquidation, with a revised estimated range of $3.00–$4.35/share after $2.75 in dividends paid. Recent property sales, especially in NYC, have underperformed, dragging liquidation estimates by over $0.50/share and reducing upside potential. Liquidation accounting now implies about $3.50/share in remaining value, translating to a roughly 20% IRR if completed in 18 months. Reduced investor communications and property-specific risks heighten downside exposure, prompting a shift of capital to other liquidations with better prospects. Read the full article on Seeking Alpha