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U.S. Retail REITs Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies26
  • 7D0.3%
  • 3M8.0%
  • 1Y26.1%
  • YTDn/a

The Retail REITs industry has stayed flat over the last week. The past year has been better, since the industry has gained 26% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026US$271.9bUS$27.8bUS$9.7b27.1x28x9.8x
Sun, 28 Jun 2026US$266.0bUS$27.9bUS$9.7b27.3x27.3x9.5x
Tue, 26 May 2026US$249.0bUS$27.9bUS$9.7b26x25.6x8.9x
Thu, 23 Apr 2026US$249.0bUS$27.3bUS$9.3b27.1x26.9x9.1x
Sat, 21 Mar 2026US$238.1bUS$27.3bUS$9.2b27x25.9x8.7x
Mon, 16 Feb 2026US$242.3bUS$27.2bUS$8.6b28x28.1x8.9x
Wed, 14 Jan 2026US$222.0bUS$26.7bUS$6.0b27.4x37x8.3x
Fri, 12 Dec 2025US$216.8bUS$26.7bUS$6.0b26.9x36.1x8.1x
Sun, 09 Nov 2025US$219.4bUS$26.7bUS$6.0b26.7x36.8x8.2x
Tue, 07 Oct 2025US$223.2bUS$26.2bUS$5.9b26.1x37.6x8.5x
Thu, 04 Sep 2025US$219.4bUS$26.2bUS$5.9b27.2x37x8.4x
Sat, 02 Aug 2025US$208.2bUS$26.1bUS$6.1b25.6x34.1x8x
Mon, 30 Jun 2025US$197.9bUS$25.9bUS$5.8b28.9x34.4x7.6x
Wed, 28 May 2025US$203.0bUS$25.9bUS$5.8b28.1x35.3x7.8x
Fri, 25 Apr 2025US$205.2bUS$25.5bUS$5.7b31.8x36.2x8x
Sun, 23 Mar 2025US$207.0bUS$25.6bUS$5.6b32.3x36.7x8.1x
Tue, 18 Feb 2025US$217.9bUS$25.3bUS$6.1b34.9x35.7x8.6x
Thu, 16 Jan 2025US$211.5bUS$25.4bUS$6.4b32.5x33.3x8.3x
Sat, 14 Dec 2024US$222.9bUS$25.4bUS$6.4b35.1x35.1x8.8x
Mon, 11 Nov 2024US$226.3bUS$25.5bUS$6.4b34.6x35.6x8.9x
Wed, 09 Oct 2024US$218.9bUS$24.9bUS$6.0b35.4x36.7x8.8x
Fri, 06 Sep 2024US$218.8bUS$24.7bUS$5.9b34.8x36.9x8.8x
Sun, 04 Aug 2024US$206.5bUS$24.3bUS$6.2b33.5x33.4x8.5x
Tue, 02 Jul 2024US$191.8bUS$24.2bUS$5.6b33.6x34x7.9x
Thu, 30 May 2024US$185.0bUS$24.2bUS$5.6b32.8x32.8x7.6x
Sat, 27 Apr 2024US$185.6bUS$23.7bUS$5.9b32.2x31.3x7.8x
Mon, 25 Mar 2024US$187.9bUS$23.0bUS$5.9b31.9x31.9x8.2x
Wed, 21 Feb 2024US$187.7bUS$22.7bUS$5.9b31.5x31.8x8.3x
Fri, 19 Jan 2024US$189.9bUS$24.1bUS$5.3b31x35.7x7.9x
Sun, 17 Dec 2023US$195.3bUS$24.2bUS$5.3b31.6x36.7x8.1x
Tue, 14 Nov 2023US$165.8bUS$24.2bUS$5.3b27.5x31.2x6.9x
Thu, 12 Oct 2023US$160.8bUS$23.8bUS$5.5b26.3x29.1x6.8x
Sat, 09 Sep 2023US$171.6bUS$23.8bUS$5.5b27.7x31.1x7.2x
Mon, 07 Aug 2023US$180.0bUS$23.8bUS$5.5b28.6x32.6x7.6x
Price to Earnings Ratio

32.6x


Total Market Cap: US$180.0bTotal Earnings: US$5.5bTotal Revenue: US$23.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Retail REITs Industry Price to Earnings3Y Average 33.4x202420252026
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 28.0x which is lower than its 3-year average PE of 33.4x.
  • The 3-year average PS ratio of 8.3x is lower than the industry's current PS ratio of 9.8x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market0.50%
Real Estate0.69%
REITS-2.95%
Retail REITs0.31%
Hotel and Resort REITs2.56%
Office REITs2.12%
Industrial REITs0.72%
Specialized REITs0.58%
Residential REITs-1.51%
Diversified REITs-2.95%
Healthcare REITs-3.71%
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
SPG Simon Property GroupUS$230.442.3%
+US$1.7b		40.7%PB15.5x
CBL CBL & Associates PropertiesUS$58.284.1%
+US$71.2m		115.4%PB4.5x
AKR Acadia Realty TrustUS$22.432.0%
+US$58.7m		19.8%PB1.3x
MAC MacerichUS$25.470.7%
+US$50.6m		52.4%PB3.1x
KRG Kite Realty Group TrustUS$28.940.1%
+US$8.1m		31.7%PB2.1x

Latest News

PECO
US$42.44
Phillips Edison
7D
-2.5%
1Y
26.6%
BRX
US$31.50
Brixmor Property Group
7D
-1.5%
1Y
20.6%
REG
US$80.36
Regency Centers
7D
-1.0%
1Y
12.5%
KRG
US$28.94
Kite Realty Group Trust
7D
0.1%
1Y
31.7%
Narrative Update • Jul 30

KRG: Retail REIT Tailwinds And High Expectations Will Shape Fairly Valued Shares

The analyst price target for Kite Realty Group Trust is now $30.50, up from $29.45, as analysts cite updated fair value estimates, slightly adjusted discount rate assumptions, and modestly higher profit margin and forward P/E inputs in their models. Analyst Commentary Recent research on Kite Realty Group Trust points to a mix of optimism on operations and cash flow, paired with some caution around valuation and expectations after a period of outperformance.
AKR
US$22.43
Acadia Realty Trust
7D
2.0%
1Y
19.8%
SITC
US$4.33
SITE Centers
7D
1.6%
1Y
-59.8%
FRT
US$124.09
Federal Realty Investment Trust
7D
-0.6%
1Y
34.6%
Narrative Update • Jul 26

FRT: Leasing Momentum And Capital Recycling Will Shape Next Growth Phase

Analysts have modestly lifted the implied fair value estimate for Federal Realty Investment Trust to about $131 from roughly $128, reflecting updated models that assume a slightly lower discount rate, a small adjustment to revenue growth, a marginally higher profit margin, and a future P/E ratio that is more in line with the higher price targets recently published across Street research. Analyst Commentary Street research around Federal Realty Investment Trust has tilted constructive, with a series of price target revisions and rating changes that frame how analysts are thinking about valuation, earnings power, and execution risk for the stock.
KIM
US$25.51
Kimco Realty
7D
-0.9%
1Y
20.2%
Narrative Update • Jul 25

KIM: Leasing Strength And Easing Refinancing Pressure Will Support Fair Value

Analysts have raised the Kimco Realty fair value estimate by about $0.56 to $26.77, reflecting a series of higher price targets across the Street. These revisions are supported by views that the operating backdrop for retail REITs remains constructive and that transaction markets and potential M&A activity could help underpin valuations.
SPG
US$230.44
Simon Property Group
7D
2.3%
1Y
40.7%
Seeking Alpha • Jul 23

Simon Property Group Through The Prism Of Credit: Strong Business, Expensive Tools

Summary Simon Property Group exhibits strong fundamentals, with investment-grade credit ratings and stable earnings, but its common stock trades at a significant premium. The current AFFO yield is 5.2%, and the price-to-book ratio has risen to 15.2, indicating a high market premium versus historical levels. SPG's preferred stock and OTC bonds offer low yields relative to risk, with preferreds yielding just 0.33% to call and bonds at a 0.85% spread to Treasuries. I refrain from recommending SPG's common, preferred, or bond instruments at this time due to valuation and yield concerns despite robust credit metrics. Read the full article on Seeking Alpha
CBL
US$58.28
CBL & Associates Properties
7D
4.1%
1Y
115.4%
MAC
US$25.47
Macerich
7D
0.7%
1Y
52.4%
Narrative Update • Jul 21

MAC: Path Forward Plan And Equity Raises Will Shape Balanced Repricing Potential

The analyst price target for Macerich has been raised from $24.31 to $25.75. This change reflects analysts' updated views on the company's "Path Forward Plan," leasing progress, acquisition funding from recent equity issuance, and revised FFO and valuation assumptions across several firms.
O
US$64.43
Realty Income
7D
-0.4%
1Y
14.8%
Seeking Alpha • Jul 20

Realty Income: The Best REIT To Buy Now, Here's Why

Summary Realty Income is the best REIT to buy now given its portfolio structure and risk-adjusted return potential. O's portfolio boasts exceptional diversification, resilient occupancy, and a weighted average lease term of 8.7 years, supporting cash flow predictability. International expansion, especially in Europe and data centers, significantly expands O’s TAM and provides access to differentiated growth and financing opportunities. O trades at 15x forward P/FFO with a ~5% yield, offering double-digit upside potential. Read the full article on Seeking Alpha
NNN
US$48.14
NNN REIT
7D
-1.0%
1Y
16.7%
Seeking Alpha • Jul 18

NNN REIT: The Middle Of The Net Lease Fairway

Summary NNN maintains disciplined, accretive growth, favoring self-funding and conservative leverage over aggressive acquisitions. NNN’s capital recycling program accelerated, selling $200M in properties and reinvesting at spreads over 100 bps, improving occupancy to 98.6%. Exposure to experiential retail and middle-market tenants presents long-term earnings risk if sector headwinds persist. With NNN’s yield now below 5% and close to treasury rates, I maintain a Hold rating due to diminished risk/reward. Read the full article on Seeking Alpha
ADC
US$78.41
Agree Realty
7D
-1.8%
1Y
9.4%