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U.S. REITS Industry Analysis

UpdatedDec 07, 2022
DataAggregated Company Financials
Companies185
  • 7D-1.2%
  • 3M-9.8%
  • 1Y-22.4%
  • YTD-25.6%

Over the last 7 days, the REITS industry has dropped 1.2%, driven by a pullback from American Tower of 2.2%. Overall the industry is down 22% in 12 months. Earnings are forecast to grow by 4.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022US$1.3tUS$183.5bUS$44.0b25.9x28.9x6.9x
Fri, 04 Nov 2022US$1.2tUS$180.3bUS$42.8b27.7x28.2x6.7x
Sun, 02 Oct 2022US$1.2tUS$177.4bUS$40.0b25.8x29.7x6.7x
Tue, 30 Aug 2022US$1.4tUS$177.4bUS$40.0b30.9x34.7x7.8x
Thu, 28 Jul 2022US$1.4tUS$169.8bUS$38.1b32.8x36.3x8.2x
Sat, 25 Jun 2022US$1.3tUS$168.8bUS$38.3b31.6x34.9x7.9x
Mon, 23 May 2022US$1.4tUS$169.6bUS$38.3b33.5x36.3x8.2x
Wed, 20 Apr 2022US$1.6tUS$166.6bUS$35.2b42x46.7x9.9x
Fri, 18 Mar 2022US$1.6tUS$171.1bUS$35.2b42.8x44.2x9.1x
Sun, 13 Feb 2022US$1.5tUS$167.7bUS$29.5b43.5x51.6x9.1x
Tue, 11 Jan 2022US$1.6tUS$168.1bUS$27.3b47.1x59.5x9.6x
Thu, 09 Dec 2021US$1.6tUS$168.0bUS$27.3b46.4x59.6x9.7x
Sat, 06 Nov 2021US$1.6tUS$169.1bUS$25.8b47.3x62.4x9.5x
Mon, 04 Oct 2021US$1.5tUS$163.2bUS$20.9b51.2x70.8x9.1x
Wed, 01 Sep 2021US$1.5tUS$163.4bUS$20.9b52.3x73.7x9.4x
Thu, 08 Jul 2021US$1.4tUS$162.6bUS$21.0b48.1x67.3x8.7x
Wed, 31 Mar 2021US$1.3tUS$150.0bUS$16.1b43.7x78x8.4x
Sat, 02 Jan 2021US$1.2tUS$153.8bUS$16.1b43.8x71.9x7.5x
Tue, 06 Oct 2020US$1.0tUS$147.3bUS$17.9b37.7x57.6x7x
Fri, 10 Jul 2020US$1.0tUS$151.1bUS$21.4b34.6x47.8x6.8x
Thu, 02 Apr 2020US$914.1bUS$161.1bUS$27.3b28.5x33.5x5.7x
Sun, 05 Jan 2020US$1.2tUS$168.1bUS$30.7b41.3x40x7.3x
Price to Earnings Ratio

40x


Total Market Cap: US$1.2tTotal Earnings: US$30.7bTotal Revenue: US$168.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 52.8x20212022
Current Industry PE
  • Investors are pessimistic on the American 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 28.9x which is lower than its 3-year average PE of 52.8x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

US Market-0.36%
Real Estate-0.98%
REITS-1.22%
Industrial REITs-0.044%
Retail REITs-0.33%
Specialized REITs-0.60%
Healthcare REITs-0.70%
Diversified REITs-0.91%
Residential REITs-2.12%
Hotel and Resort REITs-4.49%
Office REITs-6.30%
Industry PE
  • Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 43.1x.
    • Analysts are expecting annual earnings growth of 3.3%, which is lower than the prior year's growth of 36.5% per year.
  • Investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 45.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 62% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 5.0% 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
EQIX EquinixUS$686.872.4%
+US$1.5b
-15.5%PB5.7x
PLD PrologisUS$114.600.7%
+US$729.2m
-28.1%PB3x
CUBE CubeSmartUS$41.825.7%
+US$503.0m
-23.9%PB3.3x
EXR Extra Space StorageUS$156.041.6%
+US$337.5m
-25.2%PB6.4x
WPC W. P. CareyUS$79.651.8%
+US$297.5m
0.5%PB1.9x
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Latest News

BXP

US$65.34

Boston Properties

7D

-7.6%

1Y

-43.3%

IRM

US$54.67

Iron Mountain

7D

1.5%

1Y

13.8%

CCI

US$137.27

Crown Castle

7D

-1.3%

1Y

-28.6%

ARE

US$146.49

Alexandria Real Estate Equities

7D

-4.0%

1Y

-30.5%

EXR

US$156.04

Extra Space Storage

7D

1.6%

1Y

-25.2%

EQIX

US$686.87

Equinix

7D

2.4%

1Y

-15.5%

EQR

US$61.70

Equity Residential

7D

-3.0%

1Y

-28.4%

O

US$62.71

Realty Income

7D

0.7%

1Y

-8.3%

PLD

US$114.60

Prologis

7D

0.7%

1Y

-28.1%

SPG

US$118.26

Simon Property Group

7D

0.7%

1Y

-24.3%

LAMR

US$92.88

Lamar Advertising

7D

-6.3%

1Y

-19.5%

HST

US$17.41

Host Hotels & Resorts

7D

-6.7%

1Y

5.0%

AMT

US$212.52

American Tower

7D

-2.2%

1Y

-23.2%

SBAC

US$288.68

SBA Communications

7D

-2.0%

1Y

-19.8%

WPC

US$79.65

W. P. Carey

7D

1.8%

1Y

0.5%

CUBE

US$41.82

CubeSmart

7D

5.7%

1Y

-23.9%