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U.S. REITS Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies184
  • 7D-1.5%
  • 3M-9.1%
  • 1Y-21.3%
  • YTD-26.0%

The REITS industry is up 1.7% in the last week, with Equinix up 1.2%. In contrast, the industry has lost 18% in the last 12 months. As for the next few years, earnings are expected to grow by 4.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022US$1.3tUS$183.4bUS$44.0b25.5x28.8x6.9x
Thu, 27 Oct 2022US$1.2tUS$178.7bUS$40.5b27.3x29.5x6.7x
Sat, 24 Sep 2022US$1.2tUS$177.4bUS$40.0b27x31x7x
Mon, 22 Aug 2022US$1.5tUS$177.4bUS$40.0b32.1x36.4x8.2x
Wed, 20 Jul 2022US$1.3tUS$168.8bUS$38.3b31.3x34.9x7.9x
Fri, 17 Jun 2022US$1.3tUS$168.6bUS$38.3b29.2x33.1x7.5x
Sun, 15 May 2022US$1.4tUS$169.6bUS$38.4b33.9x37x8.4x
Tue, 12 Apr 2022US$1.6tUS$167.9bUS$35.1b42x45.8x9.6x
Thu, 10 Mar 2022US$1.5tUS$171.0bUS$35.1b41.1x44.1x9.1x
Sat, 05 Feb 2022US$1.5tUS$166.9bUS$28.3b43.7x54.5x9.3x
Mon, 03 Jan 2022US$1.7tUS$167.9bUS$27.3b47.9x62.1x10.1x
Wed, 01 Dec 2021US$1.6tUS$169.1bUS$27.5b45.6x57x9.3x
Fri, 29 Oct 2021US$1.6tUS$164.4bUS$22.9b52x68.6x9.6x
Sun, 26 Sep 2021US$1.5tUS$163.2bUS$20.9b50.1x72x9.2x
Tue, 24 Aug 2021US$1.5tUS$163.4bUS$20.9b50.9x70.9x9.1x
Wed, 30 Jun 2021US$1.4tUS$162.6bUS$21.0b48.1x67.3x8.7x
Sat, 03 Apr 2021US$1.3tUS$150.0bUS$16.1b43.7x78x8.4x
Tue, 05 Jan 2021US$1.2tUS$153.8bUS$16.1b43.8x71.9x7.5x
Fri, 09 Oct 2020US$1.0tUS$147.3bUS$17.9b37.7x57.6x7x
Thu, 02 Jul 2020US$1.0tUS$151.1bUS$21.4b34.6x47.8x6.8x
Sun, 05 Apr 2020US$914.1bUS$161.1bUS$27.3b28.5x33.5x5.7x
Wed, 08 Jan 2020US$1.2tUS$168.1bUS$30.7b41.3x40x7.3x
Price to Earnings Ratio

40.8x


Total Market Cap: US$1.2tTotal Earnings: US$30.0bTotal Revenue: US$166.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 52.6x202020212022
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 29.6x which is lower than its 3-year average PE of 52.6x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market0.31%
Real Estate-1.41%
REITS-1.54%
Office REITs0.10%
Hotel and Resort REITs-0.46%
Residential REITs-1.03%
Healthcare REITs-1.22%
Diversified REITs-1.49%
Specialized REITs-1.53%
Retail REITs-2.26%
Industrial REITs-2.61%
Industry PE
  • Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 42.8x.
    • Analysts are expecting annual earnings growth of 3.4%, 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 46.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 26% 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 4.7% 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$662.611.2%
+US$714.4m
-19.2%PB5.5x
VICI VICI PropertiesUS$33.241.7%
+US$558.4m
18.2%PB1.5x
LAMR Lamar AdvertisingUS$98.952.5%
+US$247.1m
-11.7%PB7.9x
IRM Iron MountainUS$53.271.3%
+US$203.5m
13.7%PB29.3x
GLPI Gaming and Leisure PropertiesUS$50.970.9%
+US$121.0m
11.3%PB3.6x
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AMT

US$213.90

American Tower

7D

-2.7%

1Y

-19.9%

GLPI

US$50.97

Gaming and Leisure Properties

7D

0.9%

1Y

11.3%

DLR

US$107.48

Digital Realty Trust

7D

-2.8%

1Y

-36.3%

O

US$61.74

Realty Income

7D

-5.5%

1Y

-11.5%

EXR

US$152.55

Extra Space Storage

7D

-3.2%

1Y

-24.9%

LAMR

US$98.95

Lamar Advertising

7D

2.5%

1Y

-11.7%

VNO

US$24.77

Vornado Realty Trust

7D

2.5%

1Y

-40.4%

WELL

US$66.64

Welltower

7D

-2.3%

1Y

-18.8%

IRM

US$53.27

Iron Mountain

7D

1.3%

1Y

13.7%

VICI

US$33.24

VICI Properties

7D

1.7%

1Y

18.2%

PSA

US$288.55

Public Storage

7D

-3.0%

1Y

-13.1%

VRE

US$15.76

Veris Residential

7D

5.6%

1Y

-7.8%