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U.S. REITS Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.2%
  • 3M6.4%
  • 1Y9.9%
  • YTD7.1%

Over the last 7 days, the REITS industry has dropped 1.2%, driven by W. P. Carey declining 1.5%. This takes the industry's 12 month performance to a gain of 9.9%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026US$43.7bUS$7.4b-US$110,208,621.0034.2x-396.4x5.9x
Fri, 27 Mar 2026US$38.3bUS$6.9b-US$96,629,385.0029.5x-396x5.5x
Sun, 22 Feb 2026US$42.7bUS$7.5b-US$122,349,157.0029.4x-349.1x5.7x
Tue, 20 Jan 2026US$34.9bUS$7.5b-US$252,955,402.0032.1x-138x4.6x
Thu, 18 Dec 2025US$33.3bUS$6.0bUS$427.5m32.4x77.9x5.6x
Sat, 15 Nov 2025US$33.5bUS$6.0bUS$424.2m27.8x78.9x5.6x
Mon, 13 Oct 2025US$33.0bUS$6.1bUS$423.7m30.7x77.8x5.4x
Wed, 10 Sep 2025US$34.5bUS$6.1bUS$468.9m29.4x73.6x5.7x
Fri, 08 Aug 2025US$33.3bUS$6.3bUS$486.2m24.9x68.6x5.3x
Sun, 06 Jul 2025US$34.0bUS$6.3bUS$598.5m27.3x56.8x5.4x
Tue, 03 Jun 2025US$33.7bUS$6.3bUS$598.1m26.3x56.4x5.4x
Thu, 01 May 2025US$34.8bUS$7.1bUS$758.0m24.4x45.9x4.9x
Sat, 29 Mar 2025US$35.7bUS$7.0bUS$829.5m27.6x43.1x5.1x
Mon, 24 Feb 2025US$35.7bUS$6.9bUS$826.2m23.5x43.2x5.1x
Wed, 22 Jan 2025US$34.9bUS$7.0bUS$878.8m26.2x39.7x5x
Fri, 20 Dec 2024US$35.4bUS$7.0bUS$878.8m26.6x40.2x5.1x
Sun, 17 Nov 2024US$36.3bUS$7.0bUS$943.1m28.2x38.5x5.2x
Tue, 15 Oct 2024US$38.1bUS$7.0bUS$622.4m25.9x61.2x5.5x
Thu, 12 Sep 2024US$37.7bUS$6.8bUS$565.4m29.3x66.7x5.5x
Sat, 10 Aug 2024US$35.7bUS$6.9bUS$626.3m26.5x56.9x5.2x
Mon, 08 Jul 2024US$33.5bUS$6.8bUS$676.6m24.8x49.5x4.9x
Wed, 05 Jun 2024US$33.9bUS$6.9bUS$664.0m24.2x51x4.9x
Fri, 03 May 2024US$32.6bUS$6.7bUS$728.2m23.3x44.8x4.9x
Sun, 31 Mar 2024US$34.1bUS$6.6bUS$768.4m26.5x44.4x5.2x
Tue, 27 Feb 2024US$32.1bUS$6.4bUS$929.3m25.9x34.5x5x
Thu, 25 Jan 2024US$85.1bUS$21.2bUS$889.0m24.7x95.8x4x
Sat, 23 Dec 2023US$86.0bUS$21.3bUS$878.5m27.8x97.9x4x
Mon, 20 Nov 2023US$81.9bUS$21.3bUS$878.5m23.6x93.3x3.8x
Wed, 18 Oct 2023US$80.9bUS$21.1bUS$1.0b21.5x79.3x3.8x
Fri, 15 Sep 2023US$83.7bUS$21.1bUS$1.0b23.6x81.9x4x
Sun, 13 Aug 2023US$83.9bUS$21.1bUS$1.2b21x72.5x4x
Tue, 11 Jul 2023US$83.1bUS$20.9bUS$1.2b22.2x70.7x4x
Thu, 08 Jun 2023US$82.8bUS$12.2bUS$2.6b20.6x31.5x6.8x
Sat, 06 May 2023US$83.0bUS$12.2bUS$2.7b20.4x30.8x6.8x
Price to Earnings Ratio

30.8x


Total Market Cap: US$83.0bTotal Earnings: US$2.7bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -10.2x202420252026
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 5.9x.
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 15% per year, which is driving profits down.

Industry Trends

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

US Market-0.028%
Real Estate0.30%
REITS-1.15%
Residential REITs4.84%
Office REITs3.05%
Healthcare REITs2.81%
Specialized REITs1.35%
Hotel and Resort REITs1.06%
Industrial REITs-0.13%
Retail REITs-0.36%
Diversified REITs-1.15%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry, which is trading close to its 3-year average PE ratio of 370x.
    • Analysts are expecting annual earnings growth of 28.0%, 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 28% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Residential 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
AAT American Assets TrustUS$21.574.2%
+US$53.4m		16.5%PB1.2x
AHRT AH REALTY TRUSTUS$6.192.7%
+US$12.8m		-9.6%PB1.1x
GOOD Gladstone CommercialUS$12.751.4%
+US$8.7m		-9.8%PB3.6x
NXDT NexPoint Diversified Real Estate TrustUS$5.092.4%
+US$6.0m		43.4%PB0.4x
MDV Modiv IndustrialUS$16.272.7%
+US$4.4m		-2.0%PB1x

Latest News

NXDT
US$5.09
NexPoint Diversified Real Estate Trust
7D
2.4%
1Y
43.4%
AAT
US$21.57
American Assets Trust
7D
4.2%
1Y
16.5%

AAT: Future P E Reliance Will Test Compressed Margin Assumptions

Analysts have raised their price target on American Assets Trust by $0.50 to $19.00, citing updated assumptions on fair value, discount rate, profit margin and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$19.00 price target as more aligned with their updated fair value work, suggesting the previous target did not fully reflect current assumptions on earnings and cash flow quality.
GNL
US$9.55
Global Net Lease
7D
0.2%
1Y
26.8%

GNL: Mixed Research Views And Buybacks Will Shape Future Risk Reward

Analysts have adjusted their price targets for Global Net Lease to $10.00, reflecting updated views on discount rates, profit margins, and future P/E expectations following recent mixed research, which included a downgrade at BMO Capital and a bullish initiation at Cantor Fitzgerald. Analyst Commentary Bullish Takeaways Bullish analysts see the US$10.00 price target as reasonable given their expectations around P/E levels, suggesting they view current pricing as aligned with their assumptions for earnings power.
PINE
US$19.32
Alpine Income Property Trust
7D
-0.7%
1Y
24.1%

Alpine Income Property Trust: Too Much Risk Priced In For A High-Yield, High-Growth Story

Apr 27
WPC
US$72.66
W. P. Carey
7D
-1.5%
1Y
18.8%

WPC: Re Loaded Balance Sheet And Income Trust Raise Will Shape Fair Outlook

Analysts have nudged the W. P.
EPRT
US$31.35
Essential Properties Realty Trust
7D
-4.9%
1Y
-1.8%
AHRT
US$6.19
AH REALTY TRUST
7D
2.7%
1Y
-9.6%

AHRT: Rebrand And Funding Clarity Will Shape Future Confidence And Execution Risk

The analyst price target for AH REALTY TRUST has been trimmed by $0.50 to $7, as analysts point to lower expectations for same store net operating income growth relative to peers, reduced profit margin assumptions, and a desire for clearer visibility into funding and external growth, even as the fair value estimate remains unchanged at $6 and the assumed future P/E rises. Analyst Commentary Bearish analysts trimming the AH REALTY TRUST price target to $7 from $7.50 are signaling that they want more proof that the current valuation is backed by consistent operational delivery and a clearer funding plan.
GOOD
US$12.75
Gladstone Commercial
7D
1.4%
1Y
-9.8%
BNL
US$20.03
Broadstone Net Lease
7D
-0.5%
1Y
24.8%

BNL: Neutral UBS View Will Rely On Earnings And Margin Delivery

Analysts have inched up their price expectations for Broadstone Net Lease, with the consensus target moving from about $20.64 to roughly $20.91. This reflects updated views on discount rate, revenue growth, profit margin and future P/E assumptions, alongside a recent Street move that lifted one price target to $20.
MDV
US$16.27
Modiv Industrial
7D
2.7%
1Y
-2.0%
GIPR
US$0.26
Generation Income Properties
7D
-6.0%
1Y
-83.3%
CTO
US$19.70
CTO Realty Growth
7D
0.5%
1Y
8.4%
MKZR
US$3.11
MacKenzie Realty Capital
7D
-6.6%
1Y
-73.0%