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U.S. Retail REITs Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies28
  • 7D-2.3%
  • 3M8.7%
  • 1Y17.0%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has dropped 2.3%, driven by declines in Simon Property Group and Realty Income of 3.0% and 3.3%, respectively. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are forecast to decline by 1.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026US$246.5bUS$27.3bUS$9.3b26.3x26.6x9x
Fri, 27 Mar 2026US$227.7bUS$26.7bUS$9.1b27.2x25.1x8.5x
Sun, 22 Feb 2026US$246.0bUS$27.1bUS$9.0b28.3x27.4x9.1x
Tue, 20 Jan 2026US$226.4bUS$26.7bUS$6.0b27.3x37.7x8.5x
Thu, 18 Dec 2025US$219.8bUS$26.7bUS$6.0b27.4x36.6x8.2x
Sat, 15 Nov 2025US$218.6bUS$26.7bUS$6.0b26.5x36.6x8.2x
Mon, 13 Oct 2025US$214.8bUS$26.2bUS$5.9b25.2x36.2x8.2x
Wed, 10 Sep 2025US$222.5bUS$26.2bUS$5.9b27.1x37.5x8.5x
Fri, 08 Aug 2025US$212.4bUS$26.2bUS$5.9b25.7x35.8x8.1x
Sun, 06 Jul 2025US$212.3bUS$25.9bUS$5.8b30x36.9x8.2x
Tue, 03 Jun 2025US$209.1bUS$25.9bUS$5.8b29.3x36.3x8.1x
Thu, 01 May 2025US$205.6bUS$25.6bUS$5.7b31.3x36.3x8x
Sat, 29 Mar 2025US$210.5bUS$25.6bUS$5.6b32.7x37.3x8.2x
Mon, 24 Feb 2025US$219.6bUS$25.3bUS$6.1b34.5x35.8x8.7x
Wed, 22 Jan 2025US$214.4bUS$25.4bUS$6.4b33x33.7x8.4x
Fri, 20 Dec 2024US$214.6bUS$25.4bUS$6.4b33.9x33.8x8.4x
Sun, 17 Nov 2024US$225.0bUS$25.4bUS$6.4b34.3x35.4x8.8x
Tue, 15 Oct 2024US$221.1bUS$24.9bUS$6.0b35.6x37.1x8.9x
Thu, 12 Sep 2024US$219.1bUS$24.7bUS$5.9b34.7x36.9x8.9x
Sat, 10 Aug 2024US$208.4bUS$24.7bUS$6.2b33.6x33.7x8.4x
Mon, 08 Jul 2024US$189.6bUS$24.2bUS$5.6b33.7x33.6x7.8x
Wed, 05 Jun 2024US$192.1bUS$24.2bUS$5.6b33.9x34.1x7.9x
Fri, 03 May 2024US$185.1bUS$23.7bUS$5.5b35.2x33.6x7.8x
Sun, 31 Mar 2024US$195.2bUS$23.6bUS$5.9b32.8x32.9x8.3x
Tue, 27 Feb 2024US$186.9bUS$22.9bUS$5.9b31.5x31.7x8.2x
Thu, 25 Jan 2024US$191.7bUS$24.1bUS$5.3b31.1x36x7.9x
Sat, 23 Dec 2023US$193.8bUS$24.2bUS$5.3b31.3x36.4x8x
Mon, 20 Nov 2023US$173.9bUS$24.2bUS$5.3b28.9x32.7x7.2x
Wed, 18 Oct 2023US$162.1bUS$23.8bUS$5.5b26.5x29.4x6.8x
Fri, 15 Sep 2023US$171.2bUS$23.8bUS$5.5b28x31x7.2x
Sun, 13 Aug 2023US$179.7bUS$23.8bUS$5.5b28.8x32.6x7.6x
Tue, 11 Jul 2023US$175.3bUS$23.3bUS$5.4b24.9x32.5x7.5x
Thu, 08 Jun 2023US$168.9bUS$23.3bUS$5.4b25.1x31.3x7.2x
Sat, 06 May 2023US$170.6bUS$23.3bUS$5.4b23.5x31.4x7.3x
Price to Earnings Ratio

31.4x


Total Market Cap: US$170.6bTotal Earnings: US$5.4bTotal Revenue: US$23.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Retail REITs Industry Price to Earnings3Y Average 33.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American Retail 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 26.6x which is lower than its 3-year average PE of 33.9x.
  • The 3-year average PS ratio of 8.1x is lower than the industry's current PS ratio of 9.0x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 5.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market0.72%
Real Estate-2.08%
REITS-2.05%
Retail REITs-2.34%
Office REITs-0.074%
Healthcare REITs-0.59%
Specialized REITs-0.71%
Hotel and Resort REITs-1.57%
Residential REITs-1.94%
Diversified REITs-2.05%
Industrial REITs-3.14%
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
PECO Phillips EdisonUS$40.353.8%
+US$185.2m		15.5%PB2.2x
CURB Curbline PropertiesUS$28.766.2%
+US$177.3m		25.6%PB1.6x
MAC MacerichUS$21.740.6%
+US$109.6m		48.1%PB2.3x
FRT Federal Realty Investment TrustUS$112.391.1%
+US$108.8m		19.6%PB3.1x
KIM Kimco RealtyUS$23.800.5%
+US$74.2m		18.5%PB1.5x

Latest News

CURB
US$28.76
Curbline Properties
7D
6.2%
1Y
25.6%
BRX
US$30.40
Brixmor Property Group
7D
-1.0%
1Y
22.0%
GTY
US$33.14
Getty Realty
7D
-2.6%
1Y
18.7%

GTY: Acquisition Spreads And Equity Issuance Will Guide Balanced Forward Returns

Analysts lifted their average price target on Getty Realty by about $0.60 to roughly $34.30, citing updated fair value work, slightly adjusted growth and margin assumptions, and recent Street target increases across several firms following Q4 results and acquisition commentary. Analyst Commentary Recent research points to a cluster of higher price targets on Getty Realty, with several firms revisiting their models after Q4 results, updated guidance, and commentary on acquisition activity and cost of capital.
PECO
US$40.35
Phillips Edison
7D
3.8%
1Y
15.5%

PECO: 2026 Sector Re Rating Will Meet Mixed Price Perspective

The analyst price target for Phillips Edison has been revised higher by about $0.70, as analysts refresh their models based on updated sector multiples and recent Q4 reporting across retail and shopping center REIT peers. Analyst Commentary Recent Street research on Phillips Edison points to a mixed but generally constructive reset of valuation views, with some firms lifting targets and others trimming them as they update models after Q4 results across retail and shopping center REITs. Bullish Takeaways Bullish analysts who raised targets into the low to mid $40s point to sector re-rating as a key support for higher implied valuations, suggesting Phillips Edison is being priced more in line with peers.
FRT
US$112.39
Federal Realty Investment Trust
7D
1.1%
1Y
19.6%

FRT: Sector Repricing And Rockville Pike Expansion Will Shape Earnings Balance

Analysts have nudged the fair value estimate for Federal Realty Investment Trust higher to $116.05 from $115.58, reflecting updated models around modestly stronger revenue growth assumptions, a slightly lower discount rate, and a stable long term P/E framework informed by recent price target increases across the Street. Analyst Commentary Recent Street research on Federal Realty Investment Trust points to a cluster of price target moves that anchor the current fair value view.
O
US$63.55
Realty Income
7D
-0.7%
1Y
10.8%

Realty Income: Improving Real Returns

Apr 27
NNN
US$44.04
NNN REIT
7D
-0.8%
1Y
6.4%

NNN: Post Rally Rating Shifts And 2026 Guidance Will Frame Balanced Outlook

Analysts nudged the fair value estimate for NNN REIT higher by about $0.20 to $45.43, reflecting modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions after a series of recent price target revisions across the Street. Analyst Commentary Recent research has focused on incremental price target revisions and one rating downgrade, providing a mixed but informative set of views on NNN REIT's valuation and execution.
ADC
US$76.85
Agree Realty
7D
-2.5%
1Y
-0.6%

ADC: Tenant Quality And Dividend Strength Will Support Expanded Acquisition Funding Capacity

Agree Realty's fair value estimate edges up to $85.39 from $84.25 as analysts lift price targets across the board, citing updated REIT models, steady acquisition activity, and what they view as solid tenant quality and funding capacity. Analyst Commentary Recent Street research on Agree Realty shows a cluster of price target increases alongside at least one downgrade, giving you a mixed but generally constructive read on how the company is executing and how its valuation is being framed.
REG
US$80.31
Regency Centers
7D
0.4%
1Y
11.8%

REG: Index Removal And Buyback Plan Will Shape A Balanced 2026 Outlook

Analysts have nudged their price target on Regency Centers slightly higher to reflect a fair value of about $82.84 per share. They cite updated assumptions around revenue growth, discount rate, profit margins, and future P/E as key drivers of the revision.
NTST
US$20.61
NETSTREIT
7D
-1.4%
1Y
29.2%
MAC
US$21.74
Macerich
7D
0.6%
1Y
48.1%
CBL
US$45.11
CBL & Associates Properties
7D
2.7%
1Y
90.4%
KIM
US$23.80
Kimco Realty
7D
0.5%
1Y
18.5%

KIM: Fair Value View Ties Rising Street Optimism To Measured Buyback Execution

Kimco Realty's analyst price target has been nudged higher to about $25.08 from $24.88, with analysts updating models around revenue growth, margins and P/E assumptions after a series of recent target increases across the Street. Analyst Commentary Recent Street research on Kimco Realty has centered on gradual target price increases and refreshed models, with analysts focusing on earnings power, balance sheet choices and capital allocation.
SPG
US$202.75
Simon Property Group
7D
-1.0%
1Y
29.3%

SPG: Future Returns Will Reflect Healthy Malls Buybacks And Leadership Change Risks

Analysts have nudged their blended price target for Simon Property Group higher to $208.55 from $206.30. This reflects recent research that points to updated retail REIT models after Q4 results, stronger mall operating metrics and a reassessment of valuation across the group.
ALX
US$249.08
Alexander's
7D
-1.2%
1Y
21.2%
UE
US$22.12
Urban Edge Properties
7D
2.4%
1Y
21.6%

UE: Earnings Outlook And Higher Dividend Will Support Fair Value

Analysts have modestly adjusted their price target on Urban Edge Properties to $22.14, reflecting updated views on discount rates, profit margins, and future P/E assumptions while keeping their fair value estimate steady at $22.14. What's in the News Issued full year 2026 earnings guidance, with anticipated net income of $0.49 to $0.54 per diluted share, or US$64,300,000 to US$70,800,000, and net income attributable to common shareholders of US$61,800,000 to US$68,000,000 (Key Developments) Board of Trustees declared a regular quarterly dividend of $0.21 per common share on February 10, 2026, indicating an annual dividend rate of $0.84 per share (Key Developments) Indicated annual dividend rate reflects an increase of $0.08 per share, or 11% compared with the prior annual rate, with payment scheduled for March 31, 2026 to shareholders of record on March 13, 2026 (Key Developments) Valuation Changes Fair Value: The model fair value remains steady at $22.14 per share, with no change from the prior estimate.