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U.S. REITS Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies20
  • 7D2.8%
  • 3M4.9%
  • 1Y11.0%
  • YTD6.1%

The REITS industry is up 2.8% in the last week, with Broadstone Net Lease up 6.5%. During this same period, the MacKenzie Realty Capital underperformed, falling 7.9%. This takes the industry's 12 month performance to a gain of 11%. 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
Wed, 15 Apr 2026US$40.2bUS$6.9b-US$127,240,621.0030.9x-315.9x5.8x
Fri, 13 Mar 2026US$41.7bUS$7.2b-US$15,423,385.0027.2x-2705.3x5.8x
Sun, 08 Feb 2026US$41.6bUS$7.5b-US$256,823,402.0031.4x-162.1x5.5x
Tue, 06 Jan 2026US$32.9bUS$7.5b-US$252,955,402.0032.7x-130x4.4x
Thu, 04 Dec 2025US$33.1bUS$6.0bUS$422.0m30.6x78.6x5.5x
Sat, 01 Nov 2025US$32.7bUS$6.1bUS$440.4m30.2x74.3x5.3x
Mon, 29 Sep 2025US$34.4bUS$6.1bUS$448.2m31.1x76.8x5.6x
Wed, 27 Aug 2025US$34.2bUS$6.1bUS$462.1m29.6x74.1x5.6x
Fri, 25 Jul 2025US$33.4bUS$6.3bUS$610.3m26x54.7x5.3x
Sun, 22 Jun 2025US$34.3bUS$6.3bUS$598.5m28.1x57.3x5.5x
Tue, 20 May 2025US$33.6bUS$6.2bUS$591.6m27.1x56.7x5.4x
Thu, 17 Apr 2025US$34.3bUS$7.1bUS$745.2m25.2x46x4.9x
Sat, 15 Mar 2025US$35.1bUS$7.0bUS$868.6m28.4x40.5x5.1x
Mon, 10 Feb 2025US$34.7bUS$7.0bUS$876.4m24.4x39.6x5x
Wed, 08 Jan 2025US$35.1bUS$7.0bUS$878.8m26x39.9x5x
Fri, 06 Dec 2024US$36.8bUS$7.0bUS$915.5m29.1x40.2x5.3x
Sun, 03 Nov 2024US$36.2bUS$7.0bUS$628.9m25.5x57.5x5.2x
Tue, 01 Oct 2024US$39.1bUS$7.0bUS$630.8m26.6x62x5.6x
Thu, 29 Aug 2024US$37.5bUS$6.8bUS$565.4m29.7x66.3x5.5x
Sat, 27 Jul 2024US$56.3bUS$12.2bUS$497.8m27.6x113x4.6x
Mon, 24 Jun 2024US$33.0bUS$6.8bUS$676.6m24.2x48.8x4.8x
Wed, 22 May 2024US$34.9bUS$6.9bUS$664.0m24.3x52.5x5.1x
Fri, 19 Apr 2024US$31.9bUS$6.7bUS$818.1m24.3x39x4.8x
Sun, 17 Mar 2024US$32.8bUS$6.5bUS$887.0m27x36.9x5x
Tue, 13 Feb 2024US$33.1bUS$6.3bUS$974.4m27.2x34x5.3x
Thu, 11 Jan 2024US$86.5bUS$21.2bUS$876.1m25.7x98.7x4.1x
Sat, 09 Dec 2023US$84.9bUS$21.3bUS$878.5m26.4x96.7x4x
Mon, 06 Nov 2023US$81.5bUS$21.3bUS$1.0b25.1x80.5x3.8x
Wed, 04 Oct 2023US$80.3bUS$21.1bUS$1.0b20.8x78.7x3.8x
Fri, 01 Sep 2023US$83.2bUS$21.1bUS$1.0b24.1x81.4x3.9x
Sun, 30 Jul 2023US$84.4bUS$21.0bUS$1.2b23x70.5x4x
Tue, 27 Jun 2023US$147.5bUS$20.9bUS$1.2b21.4x125.4x7.1x
Thu, 25 May 2023US$81.5bUS$12.2bUS$2.6b19.6x31.1x6.7x
Sat, 22 Apr 2023US$85.2bUS$12.8bUS$2.1b25x41.3x6.7x
Price to Earnings Ratio

41.3x


Total Market Cap: US$85.2bTotal Earnings: US$2.1bTotal Revenue: US$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -5.6x202420252026
Current Industry PE
  • Investors are optimistic on the American REITs industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 5.8x.
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 19% per year, which is driving profits down.

Industry Trends

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

US Market4.25%
Real Estate3.35%
REITS2.80%
Hotel and Resort REITs7.28%
Office REITs4.20%
Specialized REITs4.13%
Industrial REITs4.08%
Retail REITs3.80%
Diversified REITs2.80%
Healthcare REITs2.50%
Residential REITs1.02%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 360x.
    • Analysts are expecting annual earnings growth of 27.3%, 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 27% 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 16% 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
BNL Broadstone Net LeaseUS$20.096.5%
+US$233.7m		27.4%PB1.3x
WPC W. P. CareyUS$71.611.0%
+US$151.3m		18.2%PB1.9x
EPRT Essential Properties Realty TrustUS$32.302.1%
+US$140.9m		2.6%PB1.6x
AAT American Assets TrustUS$20.156.4%
+US$74.3m		6.6%PB1.1x
GOOD Gladstone CommercialUS$12.415.9%
+US$33.4m		-10.7%PB3.5x

Latest News

AAT
US$20.15
American Assets Trust
7D
6.4%
1Y
6.6%
PINE
US$19.45
Alpine Income Property Trust
7D
5.8%
1Y
20.5%

PINE: Dividend Yield And Net Lease Profile Will Support Balanced Return Potential

Analysts have lifted their average price target on Alpine Income Property Trust to $20.91, supported by recent bullish rating actions and higher targets in the $19.50 to $22 range, which highlight views on its valuation and dividend yield. Analyst Commentary Recent research updates on Alpine Income Property Trust focus on valuation, income appeal, and positioning within the net lease real estate group, with most commentary skewing positive but still measured on the outlook.
GOOD
US$12.41
Gladstone Commercial
7D
5.9%
1Y
-10.7%

GOOD: High Occupancy And Refinanced Debt Will Support Steady Returns Through 2027

Analysts have raised price targets for Gladstone Commercial to a range of $12.50 to $14, citing a higher 12‑month forward NAV per share estimate and a steady 99.1% occupied portfolio supported by recent balance sheet refinancing actions. Analyst Commentary Recent research updates highlight both supportive and cautious views on Gladstone Commercial, with valuation targets tied closely to balance sheet moves, portfolio stability, and future cash flow trends.
WPC
US$71.61
W. P. Carey
7D
1.0%
1Y
18.2%

WPC: Re Loaded Balance Sheet And Dividend Policy Will Guide Fairly Valued Outlook

Analysts have inched up the average price target for W. P.
BNL
US$20.09
Broadstone Net Lease
7D
6.5%
1Y
27.4%

Broadstone Net Lease: A Noteworthy Index Inclusion And A Shift In Global Macro

Apr 08
EPRT
US$32.30
Essential Properties Realty Trust
7D
2.1%
1Y
2.6%

Essential Properties: Buy-The-Dip Opportunity

Apr 07
AHRT
US$5.78
AH REALTY TRUST
7D
4.3%
1Y
-16.2%

AHRT: Future Same Store NOI And Funding Clarity Could Unlock Rerating Potential

Analysts have trimmed their price target on AH Realty Trust by $0.50 to $7, citing a desire to see same store net operating income growth more in line with peers and clearer visibility on funding and external growth before becoming more positive. Analyst Commentary Recent research on AH Realty Trust highlights a mixed but constructive backdrop, with some firms calling for more evidence on execution, while others across the broader real estate and healthcare REIT space point to supportive readthroughs on valuation and growth potential.
MDRR
US$11.31
Medalist Diversified
7D
-0.09%
1Y
0.09%
CTO
US$19.76
CTO Realty Growth
7D
3.5%
1Y
9.8%
MKZR
US$3.30
MacKenzie Realty Capital
7D
-7.9%
1Y
-74.0%