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U.S. Residential REITs Industry Analysis

UpdatedJul 21, 2024
DataAggregated Company Financials
Companies14
  • 7D3.2%
  • 3M13.2%
  • 1Y1.9%
  • YTDn/a

In the last week, the Residential REITs industry is up 3.2%, with Equity Residential up 4.4%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to decline by 7.3% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jul 2024US$131.6bUS$14.8bUS$3.6b30.2x37.1x8.9x
Tue, 18 Jun 2024US$133.1bUS$15.6bUS$4.2b29.2x31.8x8.5x
Thu, 16 May 2024US$131.0bUS$15.6bUS$4.2b28.9x31.3x8.4x
Sat, 13 Apr 2024US$123.7bUS$15.5bUS$3.9b27.4x31.9x8x
Mon, 11 Mar 2024US$123.4bUS$15.5bUS$3.9b28.6x31.8x8x
Wed, 07 Feb 2024US$115.9bUS$15.6bUS$4.4b26.4x26.1x7.4x
Fri, 05 Jan 2024US$132.9bUS$17.2bUS$4.0b29.5x33.3x7.7x
Sun, 03 Dec 2023US$126.7bUS$17.2bUS$4.0b27.6x31.7x7.4x
Tue, 31 Oct 2023US$117.6bUS$17.1bUS$3.6b24.9x32.9x6.9x
Thu, 28 Sep 2023US$126.0bUS$17.1bUS$3.9b26.7x32.6x7.4x
Sat, 26 Aug 2023US$137.8bUS$17.1bUS$3.9b29.2x35.6x8.1x
Mon, 24 Jul 2023US$146.5bUS$16.8bUS$4.3b28x34.2x8.7x
Wed, 21 Jun 2023US$143.0bUS$16.8bUS$4.3b27.3x33.4x8.5x
Fri, 19 May 2023US$134.7bUS$16.8bUS$4.3b25.8x31.4x8x
Sun, 16 Apr 2023US$132.3bUS$16.4bUS$4.6b27.1x28.8x8.1x
Tue, 14 Mar 2023US$194.7bUS$24.4bUS$5.8b32x33.7x8x
Thu, 09 Feb 2023US$214.7bUS$22.3bUS$6.5b37.7x33.3x9.6x
Sat, 07 Jan 2023US$194.3bUS$23.7bUS$6.6b36.1x29.3x8.2x
Mon, 05 Dec 2022US$204.1bUS$23.7bUS$6.6b37.5x30.8x8.6x
Wed, 02 Nov 2022US$199.7bUS$23.5bUS$6.2b36.8x32.2x8.5x
Fri, 30 Sep 2022US$203.8bUS$22.7bUS$6.3b36.9x32.2x9x
Sun, 28 Aug 2022US$231.4bUS$22.7bUS$6.3b43.9x36.6x10.2x
Tue, 26 Jul 2022US$228.3bUS$21.8bUS$5.8b46.4x39.4x10.5x
Thu, 23 Jun 2022US$217.0bUS$21.6bUS$5.8b44.8x37.1x10.1x
Sat, 21 May 2022US$228.0bUS$21.6bUS$5.8b49.3x39x10.6x
Mon, 18 Apr 2022US$267.0bUS$20.8bUS$5.3b58.7x50.5x12.8x
Wed, 16 Mar 2022US$260.8bUS$21.4bUS$5.2b57.4x50x12.2x
Fri, 11 Feb 2022US$262.0bUS$21.1bUS$4.6b56.9x57.1x12.4x
Sun, 09 Jan 2022US$270.0bUS$20.8bUS$3.9b64.5x69.2x13x
Tue, 07 Dec 2021US$263.2bUS$20.7bUS$3.9b65.4x67.4x12.7x
Thu, 04 Nov 2021US$340.3bUS$20.7bUS$3.8b64x88.9x16.4x
Sat, 02 Oct 2021US$241.7bUS$20.1bUS$3.2b99.3x75x12x
Mon, 30 Aug 2021US$240.2bUS$20.1bUS$3.2b105.2x74.5x11.9x
Price to Earnings Ratio

74x


Total Market Cap: US$238.7bTotal Earnings: US$3.2bTotal Revenue: US$20.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 40.2x202220232024
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 37.2x which is lower than its 3-year average PE of 40.2x.
  • The industry is trading close to its 3-year average PS ratio of 9.5x.
Past Earnings Growth
  • The earnings for companies in the Residential REITs industry have grown 3.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

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

US Market-1.83%
Real Estate1.37%
REITS2.57%
Residential REITs3.21%
Retail REITs3.01%
Industrial REITs2.97%
Diversified REITs2.57%
Specialized REITs2.09%
Healthcare REITs1.98%
Hotel and Resort REITs0.39%
Office REITs-0.77%
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$70.144.4%
+US$1.1b
1.6%PB2.4x
AVB AvalonBay CommunitiesUS$207.372.7%
+US$775.3m
5.1%PB2.5x
ESS Essex Property TrustUS$284.793.8%
+US$671.6m
16.2%PB3.3x
CPT Camden Property TrustUS$112.653.7%
+US$426.1m
-0.2%PB2.4x
UDR UDRUS$41.522.9%
+US$385.3m
-4.0%PB3.5x
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