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U.S. Residential REITs Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies14
  • 7D2.0%
  • 3M-4.7%
  • 1Y-18.1%
  • YTDn/a

In the last week, the Residential REITs industry is up 2.0%, with all of the companies up. However, the industry is down 18% over the past year. In the next few years, earnings are forecast to decline by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025US$114.9bUS$15.6bUS$4.0b27.5x28.8x7.4x
Fri, 10 Oct 2025US$119.4bUS$15.4bUS$3.7b27.8x32.7x7.7x
Sun, 07 Sep 2025US$125.2bUS$15.4bUS$3.7b30x34.3x8.1x
Tue, 05 Aug 2025US$120.7bUS$15.4bUS$3.6b28.9x33.4x7.8x
Thu, 03 Jul 2025US$129.6bUS$15.3bUS$3.4b31.1x37.8x8.5x
Sat, 31 May 2025US$132.5bUS$15.3bUS$3.4b32.6x38.7x8.6x
Mon, 28 Apr 2025US$132.3bUS$15.2bUS$3.5b55.8x37.9x8.7x
Wed, 26 Mar 2025US$139.8bUS$15.2bUS$3.5b57.9x40x9.2x
Fri, 21 Feb 2025US$137.3bUS$15.2bUS$3.4b32.3x40.8x9x
Sun, 19 Jan 2025US$133.9bUS$15.0bUS$3.2b33.1x42x8.9x
Tue, 17 Dec 2024US$141.5bUS$15.0bUS$3.2b35x44.3x9.4x
Thu, 14 Nov 2024US$142.4bUS$15.0bUS$3.2b35.9x44.6x9.5x
Sat, 12 Oct 2024US$137.0bUS$14.9bUS$3.0b35x45.3x9.2x
Mon, 09 Sep 2024US$140.8bUS$14.9bUS$3.0b36.3x46.5x9.4x
Wed, 07 Aug 2024US$130.1bUS$14.9bUS$3.1b34.5x42x8.7x
Fri, 05 Jul 2024US$126.8bUS$14.8bUS$3.6b29.4x35.7x8.6x
Sun, 02 Jun 2024US$127.7bUS$15.6bUS$4.2b28.1x30.5x8.2x
Tue, 30 Apr 2024US$125.4bUS$15.5bUS$4.0b27.7x31.2x8.1x
Thu, 28 Mar 2024US$121.2bUS$15.5bUS$3.9b27.8x31.2x7.8x
Sat, 24 Feb 2024US$116.2bUS$15.4bUS$3.9b26.8x29.9x7.5x
Mon, 22 Jan 2024US$132.9bUS$17.2bUS$4.0b28.7x33.3x7.7x
Wed, 20 Dec 2023US$134.8bUS$17.2bUS$4.0b30x33.7x7.8x
Fri, 17 Nov 2023US$121.2bUS$17.2bUS$4.0b26.1x30.3x7x
Sun, 15 Oct 2023US$128.5bUS$17.1bUS$3.9b26.9x33.2x7.5x
Tue, 12 Sep 2023US$133.8bUS$17.1bUS$3.9b28.6x34.6x7.8x
Thu, 10 Aug 2023US$139.9bUS$17.1bUS$3.9b29.4x36.2x8.2x
Sat, 08 Jul 2023US$142.8bUS$16.8bUS$4.3b27.3x33.3x8.5x
Mon, 05 Jun 2023US$138.6bUS$16.8bUS$4.3b26.4x32.3x8.3x
Wed, 03 May 2023US$136.0bUS$16.8bUS$4.7b26.2x28.9x8.1x
Fri, 31 Mar 2023US$130.2bUS$16.4bUS$4.6b27.3x28.3x7.9x
Sun, 26 Feb 2023US$205.6bUS$24.5bUS$5.8b34.3x35.5x8.4x
Tue, 24 Jan 2023US$200.4bUS$23.7bUS$6.6b37.5x30.2x8.5x
Thu, 22 Dec 2022US$192.3bUS$23.7bUS$6.6b35.7x29x8.1x
Sat, 19 Nov 2022US$199.1bUS$23.7bUS$6.6b36.6x30x8.4x
Price to Earnings Ratio

30x


Total Market Cap: US$199.1bTotal 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 34.4x202320242025
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 28.8x which is lower than its 3-year average PE of 34.4x.
  • The 3-year average PS ratio of 8.4x is higher than the industry's current PS ratio of 7.4x.
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 Market0.93%
Real Estate1.88%
REITS2.87%
Residential REITs2.04%
Hotel and Resort REITs8.86%
Healthcare REITs3.00%
Diversified REITs2.87%
Specialized REITs2.80%
Retail REITs1.86%
Office REITs1.56%
Industrial REITs1.32%
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$60.491.9%
+US$422.3m		-17.2%PB2.1x
AVB AvalonBay CommunitiesUS$178.841.6%
+US$393.3m		-22.3%PB2.1x
ESS Essex Property TrustUS$261.712.0%
+US$331.7m		-13.0%PB3x
MAA Mid-America Apartment CommunitiesUS$131.571.9%
+US$290.4m		-17.6%PB2.6x
UDR UDRUS$35.062.3%
+US$261.1m		-20.8%PB3.6x

Latest News

IRT
US$16.56
Independence Realty Trust
7D
2.2%
1Y
-19.7%
AVB
US$178.84
AvalonBay Communities
7D
1.6%
1Y
-22.3%

AVB: Upcoming $2.9 Billion Development Pipeline Will Drive Future Upside

AvalonBay Communities' analyst price target has been revised downward from $216.48 to $209.19. Analysts point to weakening leasing spreads, higher operating expenses, and tempered earnings outlooks amid challenging sector fundamentals.
MAA
US$131.57
Mid-America Apartment Communities
7D
1.9%
1Y
-17.6%

MAA: Shares Will Benefit From Easing Sunbelt Supply Headwinds By 2026

The analyst price target for Mid-America Apartment Communities has been reduced from $155.96 to $151.40. Analysts point to moderating multifamily supply headwinds and tempered earnings outlooks amid shifting sector fundamentals.
CSR
US$65.99
Centerspace
7D
9.3%
1Y
-10.4%
CPT
US$103.68
Camden Property Trust
7D
2.2%
1Y
-14.2%
UDR
US$35.06
UDR
7D
2.3%
1Y
-20.8%

UDR: Sunbelt Supply Slowdown Will Support Multifamily Sector Recovery

Narrative Update on UDR Analysts have modestly reduced their fair value estimate for UDR by approximately $0.18 to $42.84. This change reflects lowered expectations for revenue growth and subdued outlooks for the broader multifamily REIT sector.
EQR
US$60.49
Equity Residential
7D
1.9%
1Y
-17.2%

Rental Supply Stabilization Will Support Share Price Recovery Amid Sector Pressure

Analysts have slightly reduced their price target for Equity Residential, lowering it by $0.44 to $73.35 per share. This change reflects cautious sentiment on near-term profit margins and modest adjustments to long-term growth expectations following recent sector research.
ESS
US$261.71
Essex Property Trust
7D
2.0%
1Y
-13.0%

Falling West Coast Supply Will Drive Demand Despite Mixed Sector Sentiment

Analysts have slightly reduced their price target for Essex Property Trust by $0.56 to $291.70. They cited more cautious revenue growth projections and recent downward adjustments in sector estimates, following mixed performance among apartment REITs. Analyst Commentary Recent Street research highlights both optimism and caution regarding Essex Property Trust's outlook, as analysts reassess valuation targets and ratings in light of current market dynamics and the company's recent performance.