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U.S. Residential REITs Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies14
  • 7D0.4%
  • 3M-0.7%
  • 1Y-18.8%
  • YTDn/a

In the last week, the Residential REITs industry is flat overall, with Apartment Investment and Management standing out by going down 23%. Unfortunately though, the industry is down 19% over the past 12 months. As for the next few years, earnings are forecast to decline by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$116.6bUS$15.7bUS$3.9b29.7x30.1x7.4x
Thu, 29 Jan 2026US$116.3bUS$15.6bUS$3.9b28.1x29.7x7.4x
Sat, 27 Dec 2025US$119.7bUS$15.6bUS$3.9b29.2x30.6x7.7x
Mon, 24 Nov 2025US$117.3bUS$15.6bUS$3.9b28.3x30x7.5x
Wed, 22 Oct 2025US$118.7bUS$15.4bUS$3.7b27.5x32.5x7.7x
Fri, 19 Sep 2025US$122.9bUS$15.4bUS$3.7b29x33.6x8x
Sun, 17 Aug 2025US$122.6bUS$15.4bUS$3.7b29x33.5x7.9x
Tue, 15 Jul 2025US$129.5bUS$15.3bUS$3.4b31.5x37.8x8.5x
Thu, 12 Jun 2025US$133.3bUS$15.3bUS$3.4b31.3x38.9x8.7x
Sat, 10 May 2025US$133.8bUS$15.3bUS$3.4b34x39.1x8.7x
Mon, 07 Apr 2025US$126.4bUS$15.2bUS$3.5b53.2x36.2x8.3x
Wed, 05 Mar 2025US$146.0bUS$15.2bUS$3.5b59.1x41.8x9.6x
Fri, 31 Jan 2025US$131.8bUS$15.0bUS$3.2b32.9x41.3x8.8x
Sun, 29 Dec 2024US$136.9bUS$15.0bUS$3.2b33.3x42.9x9.1x
Tue, 26 Nov 2024US$140.3bUS$15.0bUS$3.2b36.2x43.9x9.3x
Thu, 24 Oct 2024US$140.3bUS$14.9bUS$3.0b35.6x46.3x9.4x
Sat, 21 Sep 2024US$147.0bUS$14.9bUS$3.0b37x48.6x9.9x
Mon, 19 Aug 2024US$135.6bUS$14.9bUS$3.0b34.8x44.8x9.1x
Wed, 17 Jul 2024US$128.3bUS$14.8bUS$3.6b29.9x36.1x8.7x
Fri, 14 Jun 2024US$131.8bUS$15.6bUS$4.2b29x31.5x8.5x
Sun, 12 May 2024US$129.9bUS$15.6bUS$4.2b28.4x31x8.3x
Tue, 09 Apr 2024US$119.4bUS$15.5bUS$3.9b28.2x30.7x7.7x
Thu, 07 Mar 2024US$120.3bUS$15.5bUS$3.9b27.8x31x7.8x
Sat, 03 Feb 2024US$129.5bUS$17.3bUS$4.3b27x29.9x7.5x
Mon, 01 Jan 2024US$134.9bUS$17.2bUS$4.0b30x33.8x7.8x
Wed, 29 Nov 2023US$122.3bUS$17.2bUS$4.0b26.6x30.6x7.1x
Fri, 27 Oct 2023US$121.2bUS$17.1bUS$3.9b25.2x31x7.1x
Sun, 24 Sep 2023US$129.1bUS$17.1bUS$3.9b27.5x33.4x7.6x
Tue, 22 Aug 2023US$136.6bUS$17.1bUS$3.9b28.4x35.3x8x
Thu, 20 Jul 2023US$144.8bUS$16.8bUS$4.3b27.6x33.8x8.6x
Sat, 17 Jun 2023US$144.5bUS$16.8bUS$4.3b27.6x33.7x8.6x
Mon, 15 May 2023US$137.9bUS$16.8bUS$4.3b26.6x32.2x8.2x
Wed, 12 Apr 2023US$133.6bUS$16.4bUS$4.6b27.7x29x8.1x
Fri, 10 Mar 2023US$198.1bUS$24.4bUS$5.8b33x34.3x8.1x
Price to Earnings Ratio

34.3x


Total Market Cap: US$198.1bTotal Earnings: US$5.8bTotal Revenue: US$24.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Residential REITs Industry Price to Earnings3Y Average 34.3x202420252026
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 30.1x which is lower than its 3-year average PE of 34.3x.
  • 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 13% per year over the last three years,
  • Revenues have also declined 14% 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-0.57%
Real Estate0.74%
REITS1.82%
Residential REITs0.43%
Specialized REITs2.28%
Diversified REITs1.82%
Retail REITs1.40%
Industrial REITs1.07%
Healthcare REITs0.37%
Hotel and Resort REITs-2.82%
Office REITs-3.69%
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$179.011.5%
+US$371.3m		-21.5%PB2.2x
CPT Camden Property TrustUS$109.281.0%
+US$113.7m		-12.9%PB2.6x
MAA Mid-America Apartment CommunitiesUS$134.110.6%
+US$91.2m		-21.5%PB2.8x
ESS Essex Property TrustUS$256.030.3%
+US$45.1m		-18.4%PB3x
IRT Independence Realty TrustUS$16.641.2%
+US$45.0m		-23.2%PB1.1x

Latest News

CLPR
US$3.21
Clipper Realty
7D
-4.5%
1Y
-27.0%
BRT
US$14.80
BRT Apartments
7D
1.4%
1Y
-18.2%
NXRT
US$28.23
NexPoint Residential Trust
7D
-4.9%
1Y
-33.0%
AVB
US$179.01
AvalonBay Communities
7D
1.5%
1Y
-21.5%
AIV
US$4.39
Apartment Investment and Management
7D
-22.8%
1Y
-51.7%
ELME
US$2.14
Elme Communities
7D
-1.4%
1Y
-87.7%

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.
ESS
US$256.03
Essex Property Trust
7D
0.3%
1Y
-18.4%

ESS: Coastal Apartments And 2026 Dividend Outlook Balance Turnaround Hopes With Execution Risks

Analysts have trimmed their fair value estimate for Essex Property Trust by about $0.25 to roughly $281.38 per share. This reflects mixed Street price target moves and expectations for slightly softer margins, offset by modestly firmer revenue growth and a marginally lower future P/E assumption.
IRT
US$16.64
Independence Realty Trust
7D
1.2%
1Y
-23.2%

IRT: Buyback Completion And 2026 Guidance Will Support Future Upside Potential

Analysts have adjusted their price target for Independence Realty Trust to about $19.82 per share, down from roughly $20.21. They cited updated assumptions that combine a lower revenue growth outlook and a slightly higher discount rate, partially offset by a higher projected profit margin and a reduced future P/E multiple.
MAA
US$134.11
Mid-America Apartment Communities
7D
0.6%
1Y
-21.5%

MAA: Sunbelt Rent Trends And Dividend Policy Will Shape 2026 Outlook

The updated analyst price target for Mid-America Apartment Communities has inched lower to about $145.92 from $146.96, as analysts balance mixed target revisions across firms with expectations for steadier revenue growth, improving profit margins, and a somewhat lower future P/E multiple. Analyst Commentary Recent research on Mid-America Apartment Communities reflects a mix of optimism and caution, with several firms adjusting price targets around the mid to upper US$130s to US$160 range and reassessing ratings within the broader real estate investment trust group.
EQR
US$63.13
Equity Residential
7D
-0.3%
1Y
-15.8%

EQR: Coastal Apartments And Buybacks Will Shape 2026 Risk Reward Balance

Analysts have made a modest upward adjustment to the Equity Residential price target to $70.00. This reflects a slightly higher fair value estimate supported by updated assumptions around revenue growth, profit margins, and future P/E expectations.
CPT
US$109.28
Camden Property Trust
7D
1.0%
1Y
-12.9%

CPT: Buybacks And 2026 Apartment Fundamentals Are Expected To Support Balanced Outcomes

Analysts made a modest upward adjustment to their fair value estimate for Camden Property Trust to about $115.48 from $115.25, reflecting recent price target tweaks across the Street that balance cautious views on revenue growth with updated expectations for profitability and future price-to-earnings (P/E) levels. Analyst Commentary Recent research on Camden Property Trust shows a mix of cautious and constructive opinions, with several firms fine tuning price targets as they update views on the broader real estate investment trust group and the apartment sector specifically.
CSR
US$62.61
Centerspace
7D
0.9%
1Y
-5.2%
UDR
US$37.45
UDR
7D
0.2%
1Y
-18.7%

UDR: Coastal Apartment REIT Turnaround And Buybacks Will Shape 2026 Outlook

The updated analyst price target for UDR edges up from about $40.38 to roughly $40.93. Analysts cite a mix of steady discount rate assumptions, slightly softer revenue growth expectations, and improved profit margin and future P/E inputs as key drivers of the change.