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U.S. REITS Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies20
  • 7D-2.8%
  • 3M2.7%
  • 1Y-0.3%
  • YTD1.7%

Over the last 7 days, the REITS industry has dropped 3.4%, driven by declines in W. P. Carey and Essential Properties Realty Trust of 2.5% and 5.6%, respectively. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026US$38.3bUS$6.9b-US$96,629,385.0029.5x-396x5.5x
Sun, 22 Feb 2026US$42.7bUS$7.5b-US$122,349,157.0029.4x-349.1x5.7x
Tue, 20 Jan 2026US$34.9bUS$7.5b-US$252,955,402.0032.1x-138x4.6x
Thu, 18 Dec 2025US$33.3bUS$6.0bUS$427.5m32.4x77.9x5.6x
Sat, 15 Nov 2025US$33.5bUS$6.0bUS$424.2m27.8x78.9x5.6x
Mon, 13 Oct 2025US$33.0bUS$6.1bUS$423.7m30.7x77.8x5.4x
Wed, 10 Sep 2025US$34.5bUS$6.1bUS$468.9m29.4x73.6x5.7x
Fri, 08 Aug 2025US$33.3bUS$6.3bUS$486.2m24.9x68.6x5.3x
Sun, 06 Jul 2025US$34.0bUS$6.3bUS$598.5m27.3x56.8x5.4x
Tue, 03 Jun 2025US$33.7bUS$6.3bUS$598.1m26.3x56.4x5.4x
Thu, 01 May 2025US$34.8bUS$7.1bUS$758.0m24.4x45.9x4.9x
Sat, 29 Mar 2025US$35.7bUS$7.0bUS$829.5m27.6x43.1x5.1x
Mon, 24 Feb 2025US$35.7bUS$6.9bUS$826.2m23.5x43.2x5.1x
Wed, 22 Jan 2025US$34.9bUS$7.0bUS$878.8m26.2x39.7x5x
Fri, 20 Dec 2024US$35.4bUS$7.0bUS$878.8m26.6x40.2x5.1x
Sun, 17 Nov 2024US$36.3bUS$7.0bUS$943.1m28.2x38.5x5.2x
Tue, 15 Oct 2024US$38.1bUS$7.0bUS$622.4m25.9x61.2x5.5x
Thu, 12 Sep 2024US$37.7bUS$6.8bUS$565.4m29.3x66.7x5.5x
Sat, 10 Aug 2024US$35.7bUS$6.9bUS$626.3m26.5x56.9x5.2x
Mon, 08 Jul 2024US$33.5bUS$6.8bUS$676.6m24.8x49.5x4.9x
Wed, 05 Jun 2024US$33.9bUS$6.9bUS$664.0m24.2x51x4.9x
Fri, 03 May 2024US$32.6bUS$6.7bUS$728.2m23.3x44.8x4.9x
Sun, 31 Mar 2024US$34.1bUS$6.6bUS$768.4m26.5x44.4x5.2x
Tue, 27 Feb 2024US$32.1bUS$6.4bUS$929.3m25.9x34.5x5x
Thu, 25 Jan 2024US$85.1bUS$21.2bUS$889.0m24.7x95.8x4x
Sat, 23 Dec 2023US$86.0bUS$21.3bUS$878.5m27.8x97.9x4x
Mon, 20 Nov 2023US$81.9bUS$21.3bUS$878.5m23.6x93.3x3.8x
Wed, 18 Oct 2023US$80.9bUS$21.1bUS$1.0b21.5x79.3x3.8x
Fri, 15 Sep 2023US$83.7bUS$21.1bUS$1.0b23.6x81.9x4x
Sun, 13 Aug 2023US$83.9bUS$21.1bUS$1.2b21x72.5x4x
Tue, 11 Jul 2023US$83.1bUS$20.9bUS$1.2b22.2x70.7x4x
Thu, 08 Jun 2023US$82.8bUS$12.2bUS$2.6b20.6x31.5x6.8x
Sat, 06 May 2023US$83.0bUS$12.2bUS$2.7b20.4x30.8x6.8x
Mon, 03 Apr 2023US$85.5bUS$12.2bUS$2.7b26.2x32.1x7x
Price to Earnings Ratio

32.1x


Total Market Cap: US$85.5bTotal Earnings: US$2.7bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 0.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 17% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market-1.62%
Real Estate-2.98%
REITS-2.78%
Hotel and Resort REITs1.29%
Residential REITs-1.29%
Industrial REITs-1.71%
Office REITs-2.69%
Diversified REITs-2.78%
Specialized REITs-2.87%
Retail REITs-3.79%
Healthcare REITs-4.67%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 349x.
    • Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MDRR Medalist DiversifiedUS$11.411.9%
+US$304.4k		-11.9%PB1.7x
MKZR MacKenzie Realty CapitalUS$3.772.1%
+US$154.4k		-75.5%PB0.1x
SQFT Presidio Property TrustUS$2.521.6%
+US$49.2k		-56.6%PB0.1x

Latest News

CTO
US$18.22
CTO Realty Growth
7D
-2.9%
1Y
-5.1%
EPRT
US$30.74
Essential Properties Realty Trust
7D
-5.6%
1Y
-5.8%
WPC
US$67.62
W. P. Carey
7D
-2.5%
1Y
8.3%

WPC: Re Loaded Balance Sheet And Dividend Will Shape Future Risk Reward

Analysts lifted the W. P.
BNL
US$18.67
Broadstone Net Lease
7D
-3.6%
1Y
9.5%
GOOD
US$11.28
Gladstone Commercial
7D
-6.2%
1Y
-24.2%
AHRT
US$5.33
AH REALTY TRUST
7D
-11.5%
1Y
-29.1%

AHRT: Future Same Store NOI Execution Will Likely Drive Rerating Potential

Analysts cut AH Realty Trust's fair value estimate from $10.50 to $9.00 and lowered the price target to $9, citing more conservative revenue assumptions, a slightly higher discount rate, and a lower future P/E multiple, even though projected profit margins are higher. Analyst Commentary Recent Street research around AH Realty Trust and comparable healthcare focused REITs gives you a sense of how sentiment is splitting between caution and optimism.
GNL
US$9.17
Global Net Lease
7D
-4.2%
1Y
15.1%

GNL: Balance Sheet Progress And Dispositions Will Guide Future Risk Reward Balance

Narrative Update on Global Net Lease Analysts have lifted their price target on Global Net Lease to $10 from $9, citing quicker than expected balance sheet strengthening, lower leverage into 2025, and the use of asset sales to scale the business and repurchase shares. Analyst Commentary Recent research has highlighted both supportive and cautious views around Global Net Lease, with the current price target reset to US$10 helping frame how analysts see the balance between risk and reward.
AAT
US$18.54
American Assets Trust
7D
-1.9%
1Y
-8.4%

AAT: Peak Occupancy And Sector Reset Will Likely Cap Near Term Upside

Narrative Update on American Assets Trust Analysts trimmed their price target on American Assets Trust by $2 to $19, citing a sector-wide reset in expectations for shopping center REITs, as occupancy levels are viewed as close to all-time highs and fundamentals are seen as peaking. Analyst Commentary Recent research on American Assets Trust has centered on valuation reset and sector positioning, rather than company specific execution issues.
MKZR
US$3.77
MacKenzie Realty Capital
7D
2.1%
1Y
-75.5%
MDRR
US$11.41
Medalist Diversified
7D
1.9%
1Y
-11.9%
SQFT
US$2.52
Presidio Property Trust
7D
1.6%
1Y
-56.6%