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U.S. Residential REITs Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.9%
  • 3M-0.9%
  • 1Y-12.6%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has dropped 1.9%, driven by Equity Residential declining 2.7%. On the other hand Elme Communities is actually up 12%. However, the industry is down 13% over the past year. Looking forward, earnings are forecast to decline by 12% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026US$116.8bUS$15.6bUS$3.9b28.7x29.8x7.5x
Sun, 14 Dec 2025US$116.3bUS$15.6bUS$3.9b28x29.7x7.4x
Tue, 11 Nov 2025US$114.9bUS$15.6bUS$4.0b27.5x28.8x7.4x
Thu, 09 Oct 2025US$119.6bUS$15.4bUS$3.7b28x32.7x7.7x
Sat, 06 Sep 2025US$125.2bUS$15.4bUS$3.7b30x34.2x8.1x
Mon, 04 Aug 2025US$120.7bUS$15.4bUS$3.6b28.9x33.4x7.8x
Wed, 02 Jul 2025US$129.7bUS$15.3bUS$3.4b30.8x37.9x8.5x
Fri, 30 May 2025US$130.7bUS$15.3bUS$3.4b32.5x38.2x8.5x
Sun, 27 Apr 2025US$132.3bUS$15.2bUS$3.5b55.8x37.9x8.7x
Tue, 25 Mar 2025US$137.1bUS$15.2bUS$3.5b58.1x39.2x9x
Thu, 20 Feb 2025US$137.4bUS$15.2bUS$3.4b31.9x40.9x9x
Sat, 18 Jan 2025US$134.2bUS$15.0bUS$3.2b33.1x42.1x8.9x
Mon, 16 Dec 2024US$141.5bUS$15.0bUS$3.2b35.1x44.3x9.4x
Wed, 13 Nov 2024US$143.5bUS$15.0bUS$3.2b35.2x45x9.5x
Fri, 11 Oct 2024US$138.2bUS$14.9bUS$3.0b34.7x45.6x9.3x
Sun, 08 Sep 2024US$140.9bUS$14.9bUS$3.0b36.3x46.5x9.5x
Tue, 06 Aug 2024US$133.2bUS$14.9bUS$3.1b33.6x43x8.9x
Thu, 04 Jul 2024US$126.9bUS$14.8bUS$3.6b29.4x35.7x8.6x
Sat, 01 Jun 2024US$125.5bUS$15.6bUS$4.2b28.1x29.9x8.1x
Mon, 29 Apr 2024US$125.4bUS$15.5bUS$4.0b27.5x31.2x8.1x
Wed, 27 Mar 2024US$120.2bUS$15.5bUS$3.9b27.3x31x7.8x
Fri, 23 Feb 2024US$118.3bUS$15.4bUS$3.8b26.9x30.8x7.7x
Sun, 21 Jan 2024US$131.0bUS$17.2bUS$4.0b28.7x32.8x7.6x
Tue, 19 Dec 2023US$134.5bUS$17.2bUS$4.0b30.1x33.7x7.8x
Thu, 16 Nov 2023US$123.2bUS$17.2bUS$4.0b26.3x30.8x7.2x
Sat, 14 Oct 2023US$128.5bUS$17.1bUS$3.9b26.9x33.2x7.5x
Mon, 11 Sep 2023US$130.2bUS$17.1bUS$3.9b28.6x33.7x7.6x
Wed, 09 Aug 2023US$140.1bUS$17.1bUS$3.9b29.6x36.2x8.2x
Fri, 07 Jul 2023US$143.8bUS$16.8bUS$4.3b27.5x33.5x8.6x
Sun, 04 Jun 2023US$138.6bUS$16.8bUS$4.3b26.4x32.3x8.3x
Tue, 02 May 2023US$138.6bUS$16.8bUS$4.7b26.4x29.8x8.3x
Thu, 30 Mar 2023US$129.1bUS$16.4bUS$4.6b27x28.1x7.9x
Sat, 25 Feb 2023US$205.6bUS$24.5bUS$5.8b34.3x35.5x8.4x
Mon, 23 Jan 2023US$199.9bUS$23.7bUS$6.6b37.3x30.2x8.4x
Price to Earnings Ratio

30.2x


Total Market Cap: US$199.9bTotal Earnings: US$6.6bTotal Revenue: US$23.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 34.4x202420252026
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 29.8x which is lower than its 3-year average PE of 34.4x.
  • The 3-year average PS ratio of 8.3x is higher than the industry's current PS ratio of 7.5x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have declined 16% per year over the last three years,
  • Revenues have also declined 13% 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 Market0.31%
Real Estate2.21%
REITS1.72%
Residential REITs-1.88%
Industrial REITs2.56%
Specialized REITs2.37%
Diversified REITs1.72%
Healthcare REITs1.27%
Hotel and Resort REITs0.96%
Retail REITs0.42%
Office REITs-0.61%
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
ELME Elme CommunitiesUS$3.1011.9%
+US$29.1m		-79.0%PB0.3x
NXRT NexPoint Residential TrustUS$31.532.8%
+US$21.8m		-20.4%PB2.5x
BRT BRT ApartmentsUS$15.032.4%
+US$7.0m		-15.3%PB1.6x

Latest News

ESS
US$253.52
Essex Property Trust
7D
-1.3%
1Y
-10.7%
MAA
US$135.44
Mid-America Apartment Communities
7D
-2.2%
1Y
-10.1%
EQR
US$61.17
Equity Residential
7D
-2.7%
1Y
-12.9%
CPT
US$108.35
Camden Property Trust
7D
-2.7%
1Y
-3.8%
ELME
US$3.10
Elme Communities
7D
11.9%
1Y
-79.0%

ELME: Liquidation Plan And $14.67 Distribution Will Drive Future Cash Returns

Analysts have maintained their fair value estimate for Elme Communities at $18.00. They cite a higher discount rate of 10.73%, slightly stronger profit margin assumptions at 17.23%, and a very high forward P/E of about 252x as key factors behind the unchanged price target.
AVB
US$180.80
AvalonBay Communities
7D
-1.8%
1Y
-17.0%

AVB: Share Repurchases And 2026 REIT Turnaround Expectations Will Support Returns

Analysts have trimmed their price targets on AvalonBay Communities by a few dollars, with recent cuts to about $190 to $197 reflecting softer leasing trends and higher operating expenses, even as they continue to highlight the potential for REITs to benefit from improving macro conditions into 2026. Analyst Commentary Recent research updates on AvalonBay Communities point to a mixed setup, with modestly lower price targets clustered around the low to high $190s and a consistent message of Neutral or similar ratings.
UDR
US$37.08
UDR
7D
-0.6%
1Y
-10.4%

UDR: Softer Apartment Fundamentals Will Test Recovery As Portfolios Support Stability

Analysts have trimmed their price target on UDR by about US$0.18 to roughly US$40.25. They cite recent target cuts from several firms and more cautious earnings assumptions as apartment fundamentals soften and capital flows favor other sectors.
NXRT
US$31.53
NexPoint Residential Trust
7D
2.8%
1Y
-20.4%

NXRT: Dividend Growth And Buybacks Will Support Balanced Return Outlook

Analysts have modestly adjusted their price target on NexPoint Residential Trust, citing slight refinements to discount rate, profit margin, and forward P/E assumptions. Taken together, these changes suggest a broadly unchanged fair value of about $33.67 per share.
IRT
US$17.08
Independence Realty Trust
7D
-2.3%
1Y
-10.2%

IRT: Lower 2025 EPS Guidance Will Set Up Future Upside Potential

Analysts have kept their fair value estimate for Independence Realty Trust steady at US$20.50, while fine tuning underlying assumptions such as the discount rate, long term revenue growth, profit margin and future P/E. This reflects only marginal model updates rather than a shift in overall view.
BRT
US$15.03
BRT Apartments
7D
2.4%
1Y
-15.3%
CSR
US$64.63
Centerspace
7D
-3.5%
1Y
5.1%