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U.S. REITS Industry Analysis

UpdatedAug 18, 2025
DataAggregated Company Financials
Companies23
  • 7D0.5%
  • 3M1.3%
  • 1Y-3.2%
  • YTD1.8%

The REITS industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Aug 2025US$33.6bUS$6.2bUS$468.4m27x71.6x5.4x
Wed, 16 Jul 2025US$34.0bUS$6.3bUS$598.5m26.5x56.9x5.4x
Fri, 13 Jun 2025US$34.3bUS$6.3bUS$598.5m28.3x57.3x5.5x
Sun, 11 May 2025US$33.3bUS$6.2bUS$544.5m27.3x61.1x5.4x
Tue, 08 Apr 2025US$34.0bUS$7.1bUS$745.2m24.5x45.6x4.8x
Thu, 06 Mar 2025US$36.9bUS$7.0bUS$871.9m29.8x42.3x5.3x
Sat, 01 Feb 2025US$34.9bUS$7.0bUS$879.2m25.4x39.6x5x
Mon, 30 Dec 2024US$35.0bUS$7.0bUS$878.8m27.3x39.9x5x
Wed, 27 Nov 2024US$35.4bUS$7.0bUS$915.5m29.9x38.7x5.1x
Fri, 25 Oct 2024US$38.0bUS$7.0bUS$634.5m27.6x60x5.4x
Sun, 22 Sep 2024US$38.8bUS$6.9bUS$648.3m27x59.9x5.6x
Tue, 20 Aug 2024US$35.8bUS$6.8bUS$561.6m28.5x63.7x5.2x
Thu, 18 Jul 2024US$36.4bUS$6.8bUS$676.6m27.7x53.8x5.3x
Sat, 15 Jun 2024US$33.6bUS$6.9bUS$664.0m24x50.6x4.9x
Mon, 13 May 2024US$34.2bUS$6.9bUS$671.0m24.1x51x5x
Wed, 10 Apr 2024US$33.5bUS$6.6bUS$759.3m26.9x44.1x5.1x
Fri, 08 Mar 2024US$32.5bUS$6.5bUS$882.7m27.5x36.8x5x
Sun, 04 Feb 2024US$83.7bUS$21.2bUS$890.2m26.6x94.1x4x
Tue, 02 Jan 2024US$85.9bUS$21.3bUS$878.7m27.7x97.8x4x
Thu, 30 Nov 2023US$83.2bUS$21.3bUS$878.5m24.3x94.7x3.9x
Sat, 28 Oct 2023US$79.1bUS$21.1bUS$1.0b20.6x78x3.8x
Mon, 25 Sep 2023US$81.7bUS$21.1bUS$1.0b22.4x80x3.9x
Wed, 23 Aug 2023US$82.4bUS$21.1bUS$1.0b23.3x80.6x3.9x
Fri, 21 Jul 2023US$84.9bUS$20.9bUS$1.2b23.2x72.2x4.1x
Sun, 18 Jun 2023US$82.9bUS$12.0bUS$2.6b20.7x31.8x6.9x
Tue, 16 May 2023US$82.2bUS$12.2bUS$2.6b19.6x31.3x6.7x
Thu, 13 Apr 2023US$84.4bUS$12.4bUS$2.5b24.8x34.3x6.8x
Sat, 11 Mar 2023US$1.2tUS$189.9bUS$38.8b24.6x31.8x6.5x
Mon, 06 Feb 2023US$1.4tUS$183.5bUS$42.7b27.5x32.2x7.5x
Wed, 04 Jan 2023US$1.2tUS$183.5bUS$44.0b25x28.3x6.8x
Fri, 02 Dec 2022US$1.3tUS$183.5bUS$44.0b26.6x29.8x7.1x
Sun, 30 Oct 2022US$1.2tUS$180.1bUS$40.8b28.1x30.5x6.9x
Tue, 27 Sep 2022US$1.2tUS$177.4bUS$40.0b26.2x30.1x6.8x
Thu, 25 Aug 2022US$1.4tUS$177.4bUS$40.0b31.4x35.3x8x
Price to Earnings Ratio

35.3x


Total Market Cap: US$1.4tTotal Earnings: US$40.0bTotal Revenue: US$177.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 51.6x202320242025
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 71.3x which is higher than its 3-year average PE of 51.6x.
  • The industry is trading close to its 3-year average PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 77% per year over the last three years,
  • Revenues have also declined 67% 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 Market1.29%
Real Estate1.52%
REITS0.54%
Office REITs3.96%
Hotel and Resort REITs3.50%
Residential REITs2.63%
Industrial REITs2.56%
Retail REITs2.54%
Specialized REITs1.56%
Diversified REITs0.54%
Healthcare REITs-1.14%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 257x.
    • Analysts are expecting annual earnings growth of 24.3%, which is lower than the prior year's growth of 39.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 14% 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
EPRT Essential Properties Realty TrustUS$30.420.7%
+US$39.6m		2.4%PB1.6x
AAT American Assets TrustUS$19.493.3%
+US$38.5m		-23.2%PB1x
ALEX Alexander & BaldwinUS$18.481.5%
+US$19.6m		-1.8%PB1.3x
AHH Armada Hoffler PropertiesUS$7.041.3%
+US$7.2m		-39.0%PB1.2x
PINE Alpine Income Property TrustUS$14.603.3%
+US$6.5m		-15.6%PB0.9x

Latest News

AHH
US$7.04
Armada Hoffler Properties
7D
1.3%
1Y
-40.3%
MDV
US$14.79
Modiv Industrial
7D
-1.4%
1Y
3.3%
GIPR
US$0.80
Generation Income Properties
7D
-6.4%
1Y
-67.0%
NXDT
US$3.99
NexPoint Diversified Real Estate Trust
7D
-13.8%
1Y
-26.9%
WPC
US$65.13
W. P. Carey
7D
-0.7%
1Y
11.4%
BNL
US$16.78
Broadstone Net Lease
7D
0.8%
1Y
-5.6%
CTO
US$16.50
CTO Realty Growth
7D
1.4%
1Y
-13.9%
GNL
US$7.48
Global Net Lease
7D
0.9%
1Y
-10.5%
OLP
US$22.74
One Liberty Properties
7D
1.0%
1Y
-12.1%
AAT
US$19.49
American Assets Trust
7D
4.1%
1Y
-24.8%
ALEX
US$18.48
Alexander & Baldwin
7D
2.2%
1Y
-3.1%

Alexander & Baldwin: Dividends And Strong Balance Sheet Make It A Buy

Jul 30
EPRT
US$30.42
Essential Properties Realty Trust
7D
1.7%
1Y
0.3%
MKZR
US$4.85
MacKenzie Realty Capital
7D
-2.0%
1Y
-85.9%