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U.S. Residential REITs Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies14
  • 7D1.5%
  • 3M-1.1%
  • 1Y-11.6%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has risen 1.5%, driven by gains from every company within the industry. In contrast, the industry has lost 12% in the last 12 months. In the next few years, earnings are forecast to decline by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025US$120.5bUS$15.6bUS$3.9b29.5x30.8x7.7x
Thu, 27 Nov 2025US$118.1bUS$15.6bUS$3.9b28.7x30.2x7.6x
Sat, 25 Oct 2025US$120.1bUS$15.5bUS$3.6b25.8x33.2x7.8x
Mon, 22 Sep 2025US$123.8bUS$15.4bUS$3.7b29x33.9x8x
Wed, 20 Aug 2025US$121.2bUS$15.4bUS$3.7b29.4x33.2x7.8x
Fri, 18 Jul 2025US$129.6bUS$15.3bUS$3.4b31.4x37.8x8.5x
Sun, 15 Jun 2025US$131.4bUS$15.3bUS$3.4b31.2x38.4x8.6x
Tue, 13 May 2025US$134.0bUS$15.3bUS$3.4b34.1x39.1x8.7x
Thu, 10 Apr 2025US$121.5bUS$15.2bUS$3.5b54.2x34.8x8x
Sat, 08 Mar 2025US$140.7bUS$15.2bUS$3.5b58.4x40.3x9.3x
Mon, 03 Feb 2025US$135.5bUS$15.0bUS$3.2b33.3x42.4x9x
Wed, 01 Jan 2025US$136.2bUS$15.0bUS$3.2b33.4x42.7x9.1x
Fri, 29 Nov 2024US$148.5bUS$15.0bUS$3.2b36.6x46.5x9.9x
Sun, 27 Oct 2024US$140.6bUS$14.9bUS$3.0b34.9x46.4x9.4x
Tue, 24 Sep 2024US$145.6bUS$14.9bUS$3.0b37x48.1x9.8x
Thu, 22 Aug 2024US$136.4bUS$14.9bUS$3.0b34.9x45x9.1x
Sat, 20 Jul 2024US$132.0bUS$14.8bUS$3.6b30.2x37.2x8.9x
Mon, 17 Jun 2024US$133.1bUS$15.6bUS$4.2b29.2x31.8x8.5x
Wed, 15 May 2024US$130.1bUS$15.6bUS$4.2b28.7x31x8.4x
Fri, 12 Apr 2024US$123.9bUS$15.5bUS$3.9b28x31.9x8x
Sun, 10 Mar 2024US$123.4bUS$15.5bUS$3.9b28.6x31.8x8x
Tue, 06 Feb 2024US$114.8bUS$15.6bUS$4.4b26x25.9x7.4x
Thu, 04 Jan 2024US$132.9bUS$17.2bUS$4.0b29.4x33.3x7.7x
Sat, 02 Dec 2023US$123.4bUS$17.2bUS$4.0b27.6x30.9x7.2x
Mon, 30 Oct 2023US$117.3bUS$17.1bUS$3.6b24.9x32.8x6.9x
Wed, 27 Sep 2023US$127.3bUS$17.1bUS$3.9b26.8x32.9x7.5x
Fri, 25 Aug 2023US$137.2bUS$17.1bUS$3.9b28.9x35.5x8x
Sun, 23 Jul 2023US$146.5bUS$16.8bUS$4.3b28x34.2x8.7x
Tue, 20 Jun 2023US$144.6bUS$16.8bUS$4.3b27.6x33.7x8.6x
Thu, 18 May 2023US$135.2bUS$16.8bUS$4.3b25.9x31.5x8x
Sat, 15 Apr 2023US$132.3bUS$16.4bUS$4.6b27.1x28.8x8.1x
Mon, 13 Mar 2023US$191.4bUS$24.4bUS$5.8b31.8x33.1x7.8x
Wed, 08 Feb 2023US$212.7bUS$23.9bUS$6.4b39.9x33.2x8.9x
Fri, 06 Jan 2023US$188.6bUS$23.7bUS$6.6b34.6x28.4x8x
Price to Earnings Ratio

28.4x


Total Market Cap: US$188.6bTotal 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 34.4x20242025
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 30.8x which is lower than its 3-year average PE of 34.4x.
  • The industry is trading close to its 3-year average PS ratio of 8.3x.
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 Market-0.18%
Real Estate0.80%
REITS0.98%
Residential REITs1.46%
Healthcare REITs1.28%
Diversified REITs0.98%
Office REITs0.96%
Specialized REITs0.93%
Retail REITs0.59%
Industrial REITs0.39%
Hotel and Resort REITs0.30%
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
EQR Equity ResidentialUS$63.281.5%
+US$361.5m		-11.8%PB2.2x
MAA Mid-America Apartment CommunitiesUS$139.181.8%
+US$292.7m		-9.1%PB2.8x
ESS Essex Property TrustUS$262.991.3%
+US$212.5m		-7.9%PB3x
UDR UDRUS$36.661.7%
+US$201.6m		-15.5%PB3.7x
AVB AvalonBay CommunitiesUS$183.900.8%
+US$195.2m		-16.3%PB2.2x

Latest News

EQR
US$63.28
Equity Residential
7D
1.5%
1Y
-11.8%
ESS
US$262.99
Essex Property Trust
7D
1.3%
1Y
-7.9%

ESS: West Coast Cash Flows Will Offset Margin Pressure Amid Neutral Outlook

Analysts have trimmed their fair value estimate for Essex Property Trust by approximately $2 to about $283 per share. This reflects slightly higher discount rate assumptions and more cautious expectations around margins, despite modestly stronger projected revenue growth, and is in line with recent price target reductions and rating downgrades on the stock.
CPT
US$109.99
Camden Property Trust
7D
1.4%
1Y
-4.2%

CPT: Resilient Operating Trends And Buybacks Will Support Balanced Returns Ahead

Analysts have trimmed their consolidated price target on Camden Property Trust by approximately $1 to reflect slightly lower growth and margin assumptions, even as they highlight broadly resilient operating conditions for residential REITs. Analyst Commentary Recent Street research on Camden Property Trust reflects a generally constructive view on fundamentals, even as analysts modestly recalibrate price targets to reflect updated growth and margin assumptions. Bullish Takeaways Bullish analysts are maintaining positive or favorable ratings, indicating confidence that Camden can execute on its strategy and sustain earnings growth despite near term macro headwinds.
AVB
US$183.90
AvalonBay Communities
7D
0.8%
1Y
-16.3%

AVB: Share Repurchases Will Support Returns As Leasing Headwinds Eventually Ease

AvalonBay Communities' analyst price target has inched lower by approximately $0.40 to about $203.40, as analysts weigh faster than expected leasing spread deterioration, softer apartment fundamentals into 2026, and mixed operating expense performance against still constructive long term residential REIT trends. Analyst Commentary Analysts remain divided on AvalonBay Communities, balancing near term operational softness against a still constructive longer term outlook for residential REITs. Recent price target changes reflect this push and pull between execution risk and valuation support.
MAA
US$139.18
Mid-America Apartment Communities
7D
1.8%
1Y
-9.1%

MAA: Sunbelt Supply Normalization And Dividend Increases Will Shape Future Performance

The analyst price target for Mid-America Apartment Communities has been trimmed modestly by about $0.70 to approximately $148 per share, as analysts factor in slightly softer long term revenue growth and sector fund flow pressures, partly offset by resilient margins and improving visibility on Sunbelt supply normalization into 2026. Analyst Commentary Recent Street commentary on Mid-America Apartment Communities reflects a balanced mix of optimism around long term fundamentals and caution on nearer term headwinds, leading to modest target cuts and rating changes rather than wholesale shifts in opinion.
UDR
US$36.66
UDR
7D
1.7%
1Y
-15.5%
IRT
US$17.62
Independence Realty Trust
7D
1.8%
1Y
-11.2%

IRT: Lower 2025 Earnings Guidance Will Set Up Attractive Upside Opportunity

Analysts have modestly trimmed their price target on Independence Realty Trust by 0.07 dollars to 20.50 dollars. This reflects slightly lower revenue growth expectations that are partly offset by marginally improved profit margin and a steadier discount rate outlook.
AIV
US$5.95
Apartment Investment and Management
7D
5.9%
1Y
-29.1%