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U.S. Specialized REITs Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies12
  • 7D0.7%
  • 3M3.3%
  • 1Y-1.7%
  • YTDn/a

In the last week, the Specialized REITs industry is flat overall, with Iron Mountain standing out by going down 8.4%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 5.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Jul 2026US$77.6bUS$12.1bUS$5.7b14.9x13.7x6.4x
Sat, 06 Jun 2026US$77.7bUS$12.1bUS$5.7b16x13.7x6.4x
Mon, 04 May 2026US$78.3bUS$11.9bUS$5.6b16.6x13.9x6.6x
Wed, 01 Apr 2026US$71.7bUS$11.9bUS$5.2b15.2x13.7x6x
Fri, 27 Feb 2026US$79.3bUS$11.7bUS$5.0b19.5x15.8x6.8x
Sun, 25 Jan 2026US$74.5bUS$11.5bUS$4.8b23.1x15.6x6.5x
Tue, 23 Dec 2025US$72.4bUS$11.5bUS$4.8b21.7x15.2x6.3x
Thu, 20 Nov 2025US$74.3bUS$11.5bUS$4.8b22.2x15.6x6.4x
Sat, 18 Oct 2025US$74.6bUS$11.3bUS$4.5b24.1x16.7x6.6x
Mon, 15 Sep 2025US$80.3bUS$11.3bUS$4.5b25.1x18x7.1x
Wed, 13 Aug 2025US$76.4bUS$11.3bUS$4.5b25.1x17.1x6.8x
Fri, 11 Jul 2025US$77.7bUS$11.1bUS$4.3b15.3x18x7x
Sun, 08 Jun 2025US$75.0bUS$11.1bUS$4.3b14.6x17.4x6.8x
Tue, 06 May 2025US$74.3bUS$11.0bUS$4.1b14.6x18x6.8x
Thu, 03 Apr 2025US$76.3bUS$10.9bUS$4.2b15.2x18.3x7x
Sat, 01 Mar 2025US$76.9bUS$10.9bUS$4.2b15.2x18.1x7x
Mon, 27 Jan 2025US$69.0bUS$10.8bUS$4.7b18.7x14.6x6.4x
Wed, 25 Dec 2024US$68.3bUS$10.8bUS$4.7b17.9x14.5x6.3x
Fri, 22 Nov 2024US$73.0bUS$10.8bUS$4.7b18.6x15.5x6.7x
Sun, 20 Oct 2024US$75.6bUS$10.7bUS$4.4b20x17.3x7x
Tue, 17 Sep 2024US$75.7bUS$10.7bUS$4.4b19.9x17.3x7x
Thu, 15 Aug 2024US$69.9bUS$10.7bUS$4.4b18.1x16x6.5x
Sat, 13 Jul 2024US$66.5bUS$10.6bUS$3.6b21.2x18.4x6.3x
Mon, 10 Jun 2024US$63.7bUS$10.6bUS$3.6b19.9x17.7x6x
Wed, 08 May 2024US$65.5bUS$10.6bUS$3.6b19.9x18.2x6.2x
Fri, 05 Apr 2024US$65.4bUS$10.6bUS$3.5b19.7x18.8x6.2x
Sun, 03 Mar 2024US$65.3bUS$10.6bUS$3.5b20.5x18.9x6.2x
Tue, 30 Jan 2024US$65.8bUS$10.5bUS$3.2b23.2x20.4x6.3x
Thu, 28 Dec 2023US$69.1bUS$10.5bUS$3.2b24.8x21.4x6.6x
Sat, 25 Nov 2023US$62.6bUS$10.5bUS$3.2b22.2x19.4x6x
Mon, 23 Oct 2023US$57.3bUS$10.2bUS$3.3b17.7x17.6x5.6x
Wed, 20 Sep 2023US$63.1bUS$10.3bUS$3.2b18.7x19.5x6.1x
Fri, 18 Aug 2023US$61.9bUS$10.2bUS$3.3b18.4x19x6x
Sun, 16 Jul 2023US$66.9bUS$9.9bUS$3.1b22.7x21.9x6.8x
Price to Earnings Ratio

21.9x


Total Market Cap: US$66.9bTotal Earnings: US$3.1bTotal Revenue: US$9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Specialized REITs Industry Price to Earnings3Y Average 17.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Specialized 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 13.7x which is lower than its 3-year average PE of 17.2x.
  • The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Specialized REITs industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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. Specialized REITs compare with similar industries?

US Market-0.65%
Real Estate2.07%
REITS1.06%
Specialized REITs0.71%
Industrial REITs5.26%
Healthcare REITs4.06%
Residential REITs2.93%
Office REITs2.12%
Retail REITs1.71%
Diversified REITs1.06%
Hotel and Resort REITs-2.02%
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
LAMR Lamar AdvertisingUS$160.092.2%
+US$350.1m		28.6%PB16.8x
EPR EPR PropertiesUS$59.633.3%
+US$144.6m		1.1%PB2x
OUT OUTFRONT MediaUS$33.181.0%
+US$56.3m		93.9%PB8.8x
FCPT Four Corners Property TrustUS$24.901.5%
+US$40.6m		-6.4%PB1.6x
SAFE SafeholdUS$15.962.0%
+US$22.2m		3.1%PB0.5x

Latest News

FCPT
US$24.90
Four Corners Property Trust
7D
1.5%
1Y
-6.4%
IRM
US$115.46
Iron Mountain
7D
-5.3%
1Y
16.3%
Seeking Alpha • Jul 07

Iron Mountain: A REIT Growth Idea, Thanks To Data Centers And More

Summary Iron Mountain gets a buy rating for my initial coverage, driven by both a compelling growth case and the dividend story as well. Both the top and bottom lines have seen growth catalysts lately. Positive and growing operating cash flow tempers the risk of high levels of leverage and owning a massive real estate portfolio. The risk of challenges for further data center growth was discussed, including power/cooling needs and activist intervention. Read the full article on Seeking Alpha
MRP
US$28.18
Millrose Properties
7D
-5.0%
1Y
-2.7%
Seeking Alpha • Jul 07

Millrose Properties: Trading Below Book Value, With Income And Upside Potential

Summary Millrose Properties trades at a 12.4% discount to book value, with a dividend yield above 9% and strong upside potential. Despite mixed Q1 results, MRP delivered 94% AFFO growth year over year and maintains a flexible, low-leverage balance sheet with no debt maturities until 2028. MRP raised its dividend again, targeting a 100% AFFO payout, and expanded its portfolio and credit capacity for future growth. Interest rate direction remains the key risk, but any pullback is a buying opportunity given MRP’s differentiated strategy and potential for multiple expansion. Read the full article on Seeking Alpha
LAMR
US$160.09
Lamar Advertising
7D
2.2%
1Y
28.6%
EPR
US$59.63
EPR Properties
7D
3.3%
1Y
1.1%
VICI
US$26.09
VICI Properties
7D
-0.7%
1Y
-20.8%
Seeking Alpha • Jul 03

VICI Properties: Investment-Grade 6.8% Yield At A 5-Year Low

Summary VICI Properties trades at a 5-year low despite robust AFFO growth, a 6.8% dividend yield, and a 7% dividend CAGR over the last 8 years. VICI maintains 136% dividend coverage with AFFO per share guidance raised to $2.44–$2.47, supporting a likely dividend hike by September. VICI's valuation at 10.9x AFFO and investment-grade rating are being overshadowed by market fears over its Caesars tenant concentration and the Fertitta buyout. I rate VICI a strong buy, expecting double-digit total returns on the back of its fully covered yield and pending dividend hike. Read the full article on Seeking Alpha
SAFE
US$15.96
Safehold
7D
2.0%
1Y
3.1%
GLPI
US$42.91
Gaming and Leisure Properties
7D
-1.8%
1Y
-9.6%
FPI
US$9.59
Farmland Partners
7D
-0.7%
1Y
-14.2%
Seeking Alpha • Jun 29

Farmland Partners: Still Not Attractive After The Decline

Summary Farmland Partners remains a HOLD with a reduced price target of $7.50/share, reflecting deepening sector headwinds and operational challenges. FPI faces persistent AFFO declines due to asset sales, rising debt, pressured rents, and heightened credit loss provisions from its farm loan program. US agriculture's margin squeeze, weak commodity prices, and succession risks undermine FPI's rental growth and threaten dividend coverage. I require a 40% NAV discount for FPI, given deteriorating fundamentals and elevated risks relative to EU-based farmland investments. Read the full article on Seeking Alpha
OUT
US$33.18
OUTFRONT Media
7D
1.0%
1Y
93.9%
Narrative Update • Jun 26

OUT: Digital Transit And AR Campaigns Will Shape A Balanced Outlook

Analysts have raised their fair value estimate for OUTFRONT Media from $19.00 to $32.00 per share, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations. What’s in the News for OUTFRONT Media OUTFRONT Media partnered with Snapchat and HBO Max for a "Crowd Created" augmented reality campaign in Times Square, using Snapchat AR Mirrors and OUTFRONT digital billboards to let visitors virtually wear Queen Rhaenyra Targaryen's crown and see their images displayed live.
LAND
US$8.49
Gladstone Land
7D
-1.6%
1Y
-18.9%
Narrative Update • Jun 16

LAND: Discounted Stock Will Rely On Farm Cash Flows And Prudent Capital

Analysts trimmed their Gladstone Land fair value estimate from $13.00 to $12.00, reflecting updated models after Q1 results that factor in cautious acquisition activity given higher capital costs, lower cap rates, and a reset of price targets to $10.00 and $11.50, alongside a view that the stock trades at a discounted valuation. Analyst Commentary on Gladstone Land Recent research on Gladstone Land highlights a mix of caution on acquisition activity and constructive views on valuation, with several bullish analysts pointing to specific company level catalysts and updated valuation frameworks following the Q1 report.
PW
US$9.52
Power REIT
7D
-1.3%
1Y
-15.0%