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U.S. REITS Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies19
  • 7D1.2%
  • 3M1.1%
  • 1Y12.7%
  • YTD11.0%

Over the last 7 days, the REITS industry has risen 2.8%, driven by gains from W. P. Carey of 2.2%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$35.8bUS$5.4bUS$711.7m42.7x50.4x6.6x
Wed, 22 Apr 2026US$41.3bUS$6.9b-US$133,289,621.0031.1x-310.1x6x
Fri, 20 Mar 2026US$39.6bUS$6.9b-US$85,923,385.0029.9x-460.8x5.7x
Sun, 15 Feb 2026US$42.7bUS$7.6b-US$142,922,402.0030.7x-299.1x5.6x
Tue, 13 Jan 2026US$33.6bUS$7.5b-US$252,955,402.0032.2x-132.8x4.4x
Thu, 11 Dec 2025US$33.6bUS$6.0bUS$422.0m32.7x79.6x5.6x
Sat, 08 Nov 2025US$32.9bUS$6.0bUS$433.6m28.9x75.9x5.5x
Mon, 06 Oct 2025US$34.3bUS$6.1bUS$423.7m31.4x81.1x5.7x
Wed, 03 Sep 2025US$34.8bUS$6.1bUS$462.1m29.4x75.3x5.7x
Fri, 01 Aug 2025US$33.1bUS$6.4bUS$483.7m24.4x68.4x5.2x
Sun, 29 Jun 2025US$33.1bUS$6.3bUS$598.5m27.5x55.3x5.3x
Tue, 27 May 2025US$32.9bUS$6.3bUS$598.1m25x55x5.2x
Thu, 24 Apr 2025US$34.8bUS$7.1bUS$745.2m25.3x46.8x4.9x
Sat, 22 Mar 2025US$35.7bUS$7.0bUS$871.7m28.2x40.9x5.1x
Mon, 17 Feb 2025US$35.4bUS$7.0bUS$779.1m27.9x45.4x5.1x
Wed, 15 Jan 2025US$34.2bUS$7.0bUS$878.8m25.8x38.9x4.9x
Fri, 13 Dec 2024US$36.7bUS$7.0bUS$878.8m28.9x41.7x5.3x
Sun, 10 Nov 2024US$37.5bUS$7.1bUS$764.7m29.4x49x5.3x
Tue, 08 Oct 2024US$38.3bUS$7.0bUS$628.7m25.6x61x5.5x
Thu, 05 Sep 2024US$37.7bUS$6.8bUS$565.4m29.9x66.8x5.5x
Sat, 03 Aug 2024US$36.2bUS$6.8bUS$643.8m27x56.3x5.3x
Mon, 01 Jul 2024US$33.5bUS$6.8bUS$676.6m25x49.5x4.9x
Wed, 29 May 2024US$33.6bUS$6.9bUS$664.0m23.4x50.6x4.9x
Fri, 26 Apr 2024US$32.6bUS$6.7bUS$817.8m23.2x39.9x4.9x
Sun, 24 Mar 2024US$32.9bUS$6.5bUS$903.8m25.4x36.5x5.1x
Tue, 20 Feb 2024US$33.2bUS$6.3bUS$988.2m26.6x33.6x5.3x
Thu, 18 Jan 2024US$85.5bUS$21.2bUS$876.1m24.7x97.6x4x
Sat, 16 Dec 2023US$85.8bUS$21.3bUS$878.5m28.2x97.6x4x
Mon, 13 Nov 2023US$80.7bUS$21.3bUS$863.0m25x93.5x3.8x
Wed, 11 Oct 2023US$80.0bUS$21.1bUS$1.0b21.5x78.3x3.8x
Fri, 08 Sep 2023US$82.9bUS$21.1bUS$1.0b23.6x81.1x3.9x
Sun, 06 Aug 2023US$84.1bUS$21.1bUS$1.2b21.3x72.7x4x
Tue, 04 Jul 2023US$148.7bUS$20.9bUS$1.2b22.4x126.4x7.1x
Thu, 01 Jun 2023US$81.9bUS$12.2bUS$2.6b19.6x31.2x6.7x
Price to Earnings Ratio

31.2x


Total Market Cap: US$81.9bTotal Earnings: US$2.6bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.7x202420252026
Current Industry PE
  • Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 50.4x which is higher than its 3-year average PE of -13.7x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 35% per year over the last three years,
  • Revenues have also declined 24% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

US Market1.11%
Real Estate1.75%
REITS1.19%
Hotel and Resort REITs2.65%
Industrial REITs2.41%
Retail REITs1.68%
Specialized REITs1.51%
Residential REITs1.42%
Diversified REITs1.19%
Healthcare REITs1.00%
Office REITs0.61%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 372x.
    • Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 12% 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
WPC W. P. CareyUS$74.480.8%
+US$129.2m		21.4%PB2x
AAT American Assets TrustUS$22.788.2%
+US$105.6m		19.6%PB1.2x
EPRT Essential Properties Realty TrustUS$31.331.4%
+US$90.8m		-1.7%PB1.5x
BNL Broadstone Net LeaseUS$20.400.8%
+US$32.6m		32.0%PB1.4x
AHRT AH REALTY TRUSTUS$6.924.5%
+US$22.8m		-0.6%PB1.3x

Latest News

AAT
US$22.78
American Assets Trust
7D
8.2%
1Y
19.6%
WPC
US$74.48
W. P. Carey
7D
0.8%
1Y
21.4%
AHRT
US$6.92
AH REALTY TRUST
7D
4.5%
1Y
-0.6%
Narrative Update • May 23

AHRT: Same Store Income And Funding Clarity Will Drive Bearish Outlook

Analysts have reduced the AH REALTY TRUST price target by $0.50 to $7.00, citing a need for stronger same-store net operating income growth relative to peers and more detailed plans for funding and external growth. Analyst Commentary Recent research on AH REALTY TRUST points to a more cautious tone, with some analysts trimming price targets and highlighting execution risks around income growth and capital deployment.
BNL
US$20.40
Broadstone Net Lease
7D
0.8%
1Y
32.0%
GOOD
US$12.68
Gladstone Commercial
7D
1.3%
1Y
-8.4%
Narrative Update • May 21

GOOD: High Occupancy And Extended Debt Maturities Will Balance Office Risks

Analysts have nudged the Gladstone Commercial fair value estimate higher to $13.88 from $13.38, citing updated price targets supported by a higher 12-month forward net asset value estimate and recent balance sheet actions that extend debt maturities and reduce near-term refinancing risk. Analyst Commentary Recent research updates give you a mixed but useful snapshot of how analysts are framing Gladstone Commercial's risk and reward trade-off at current levels.
CTO
US$20.38
CTO Realty Growth
7D
-0.3%
1Y
14.2%
Narrative Update • May 17

CTO: Texas Retail Acquisition And Higher 2026 Earnings Guidance Will Support Upside Potential

Analysts have raised their price target on CTO Realty Growth from $22.50 to $23.00, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that refine their overall view of the stock's risk and earnings profile. What's in the News CTO Realty Growth revised unaudited 2026 earnings guidance, with expected diluted net income per common share of $0.53 to $0.59, updating a prior range issued earlier in the year (company guidance).
EPRT
US$31.33
Essential Properties Realty Trust
7D
1.4%
1Y
-1.7%
PINE
US$19.29
Alpine Income Property Trust
7D
1.5%
1Y
29.5%
NXDT
US$4.62
NexPoint Diversified Real Estate Trust
7D
-5.9%
1Y
35.9%
GIPR
US$0.47
Generation Income Properties
7D
94.6%
1Y
-70.5%