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U.S. Residential REITs Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies14
  • 7D0.4%
  • 3M1.3%
  • 1Y-11.7%
  • YTDn/a

Over the last 7 days, the Residential REITs industry has remained flat. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are forecast to decline by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026US$117.7bUS$15.7bUS$3.8b27.5x30.9x7.5x
Tue, 07 Apr 2026US$109.8bUS$15.6bUS$3.9b27.6x27.8x7x
Thu, 05 Mar 2026US$116.3bUS$15.6bUS$4.0b31.6x29x7.5x
Sat, 31 Jan 2026US$115.7bUS$15.6bUS$3.9b28.5x29.6x7.4x
Mon, 29 Dec 2025US$120.2bUS$15.6bUS$3.9b29.2x30.7x7.7x
Wed, 26 Nov 2025US$117.2bUS$15.6bUS$3.9b28.6x29.9x7.5x
Fri, 24 Oct 2025US$120.4bUS$15.4bUS$3.7b25.8x32.2x7.8x
Sun, 21 Sep 2025US$123.8bUS$15.4bUS$3.7b29x33.9x8x
Tue, 19 Aug 2025US$122.6bUS$15.4bUS$3.7b28.9x33.5x7.9x
Thu, 17 Jul 2025US$128.0bUS$15.3bUS$3.4b31.3x37.4x8.4x
Sat, 14 Jun 2025US$133.6bUS$15.3bUS$3.4b31.2x39x8.7x
Mon, 12 May 2025US$134.0bUS$15.3bUS$3.4b34x39.1x8.7x
Wed, 09 Apr 2025US$123.0bUS$15.2bUS$3.5b51.6x35.2x8.1x
Fri, 07 Mar 2025US$143.9bUS$15.2bUS$3.5b58.5x41.2x9.5x
Sun, 02 Feb 2025US$135.5bUS$15.0bUS$3.2b33.3x42.4x9x
Tue, 31 Dec 2024US$136.9bUS$15.0bUS$3.2b33.1x42.9x9.1x
Thu, 28 Nov 2024US$147.2bUS$15.0bUS$3.2b36.6x46.1x9.8x
Sat, 26 Oct 2024US$142.9bUS$14.9bUS$3.0b34.9x47.2x9.6x
Mon, 23 Sep 2024US$145.6bUS$14.9bUS$3.0b37x48.1x9.8x
Wed, 21 Aug 2024US$135.9bUS$14.9bUS$3.0b34.9x44.9x9.1x
Fri, 19 Jul 2024US$131.8bUS$14.8bUS$3.6b30.4x37.1x8.9x
Sun, 16 Jun 2024US$133.1bUS$15.6bUS$4.2b29.2x31.8x8.5x
Tue, 14 May 2024US$130.1bUS$15.6bUS$4.2b28.5x31x8.4x
Thu, 11 Apr 2024US$126.4bUS$15.5bUS$3.9b28.1x32.5x8.2x
Sat, 09 Mar 2024US$123.4bUS$15.5bUS$3.9b28.6x31.8x8x
Mon, 05 Feb 2024US$129.5bUS$17.3bUS$4.3b27x29.9x7.5x
Wed, 03 Jan 2024US$136.0bUS$17.2bUS$4.0b30.2x34x7.9x
Fri, 01 Dec 2023US$122.7bUS$17.2bUS$4.0b26.4x30.7x7.1x
Sun, 29 Oct 2023US$117.4bUS$17.1bUS$3.6b24.9x32.9x6.9x
Tue, 26 Sep 2023US$128.6bUS$17.1bUS$3.9b27.1x33.2x7.5x
Thu, 24 Aug 2023US$137.3bUS$17.1bUS$3.9b29x35.5x8x
Sat, 22 Jul 2023US$146.5bUS$16.8bUS$4.3b28x34.2x8.7x
Mon, 19 Jun 2023US$144.6bUS$16.8bUS$4.3b27.6x33.7x8.6x
Wed, 17 May 2023US$134.4bUS$16.8bUS$4.3b25.8x31.4x8x
Price to Earnings Ratio

31.4x


Total Market Cap: US$134.4bTotal 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 30.9x 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 Market2.14%
Real Estate0.75%
REITS1.43%
Residential REITs0.43%
Hotel and Resort REITs4.74%
Office REITs3.68%
Specialized REITs2.75%
Industrial REITs2.51%
Diversified REITs1.43%
Healthcare REITs1.08%
Retail REITs-0.67%
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$185.791.5%
+US$387.7m		-9.1%PB2.2x
ESS Essex Property TrustUS$267.371.6%
+US$267.3m		-5.1%PB3.2x
UDR UDRUS$36.931.6%
+US$191.7m		-12.1%PB3.7x
EQR Equity ResidentialUS$65.860.7%
+US$179.8m		-5.5%PB2.3x
MAA Mid-America Apartment CommunitiesUS$130.360.9%
+US$137.3m		-19.4%PB2.7x

Latest News

MAA
US$130.36
Mid-America Apartment Communities
7D
0.9%
1Y
-19.4%
CSR
US$67.45
Centerspace
7D
-1.2%
1Y
11.4%
UDR
US$36.93
UDR
7D
1.6%
1Y
-12.1%
ESS
US$267.37
Essex Property Trust
7D
1.6%
1Y
-5.1%
Seeking Alpha • May 05

Essex Property Trust: A Dividend Aristocrat Benefiting From The AI Housing Boom

Summary Essex Property Trust receives a Buy rating with a $289/share price target, reflecting a 9% upside from current levels. ESS benefits from AI-driven employment growth in the Bay Area and Seattle, limited new housing supply, and compelling rent-to-income dynamics supporting embedded rent growth. Q1 2026 results exceeded guidance, with Core FFO at $4.07/share and management reaffirming full-year guidance while raising total FFO and net income forecasts. ESS maintains an investment-grade balance sheet, a 32-year dividend growth streak, and trades at the lower end of its historical P/AFFO range. Read the full article on Seeking Alpha
CLPR
US$3.12
Clipper Realty
7D
-8.0%
1Y
-23.3%
CPT
US$104.07
Camden Property Trust
7D
-0.9%
1Y
-11.4%
Narrative Update • May 04

CPT: 2026 Buybacks And Spring Leasing Will Shape Balanced Outlook

Analysts have adjusted the price target for Camden Property Trust slightly lower to about $114, reflecting updated discount rate and sector assumptions after several firms trimmed their targets into a $113 to $119 range, while still indicating potential for modest revenue growth and margin improvement. Analyst Commentary Recent research updates point to a mixed but generally balanced view on Camden Property Trust, with price targets clustered in the low to mid US$110s and ratings largely in the middle of the range.
AIV
US$4.31
Apartment Investment and Management
7D
1.4%
1Y
-46.1%
IRT
US$16.37
Independence Realty Trust
7D
0.4%
1Y
-14.7%
AVB
US$185.79
AvalonBay Communities
7D
1.5%
1Y
-9.1%
Seeking Alpha • Apr 30

AvalonBay Communities Is Capitalizing On Valuation Gaps

Summary AvalonBay earns a Buy rating, capitalizing on persistent public-private valuation gaps in multifamily real estate. AVB’s aggressive share repurchases, funded by selling older assets, enhance earnings and streamline the portfolio for future growth. Development focus remains on high-quality, supply-constrained coastal markets, with new projects targeting stabilized yields of 6.5%-7%. Recent Q1 results outperformed expectations, with Core FFO of $2.83 and improving fundamentals as supply pressures begin to ease. Read the full article on Seeking Alpha
NXRT
US$29.85
NexPoint Residential Trust
7D
3.3%
1Y
-19.7%
EQR
US$65.86
Equity Residential
7D
0.7%
1Y
-5.5%
ELME
US$2.11
Elme Communities
7D
-2.8%
1Y
-86.8%
Narrative Update • Feb 26

ELME: Liquidation Distributions Will Deliver Attractive Cash Returns Despite Lower Sale Proceeds

Analysts have modestly revised their price view on Elme Communities, keeping the fair value estimate around $18.00 while adjusting underlying assumptions such as the discount rate, profit margin, and future P/E to reflect updated expectations for risk and earnings quality. What's in the News Elme Communities updated its estimate for total liquidating distributions to a range of US$17.02 to US$17.47 per common share, including the initial US$14.67 per share distribution paid in January 2026.