Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. REITS Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies19
  • 7D3.6%
  • 3M9.8%
  • 1Y10.4%
  • YTD11.1%

In the last week, the REITS industry is up 3.6%, with W. P. Carey up 3.7%. In the last 12 months, the industry was up 10%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026US$35.6bUS$5.5bUS$697.8m44.7x50.9x6.5x
Mon, 25 May 2026US$35.8bUS$5.4bUS$711.7m42.7x50.4x6.6x
Wed, 22 Apr 2026US$41.3bUS$6.9b-US$133,289,621.0031.1x-310.1x6x
Fri, 20 Mar 2026US$39.6bUS$6.9b-US$85,923,385.0029.9x-460.8x5.7x
Sun, 15 Feb 2026US$42.7bUS$7.6b-US$142,922,402.0030.7x-299.1x5.6x
Tue, 13 Jan 2026US$33.6bUS$7.5b-US$252,955,402.0032.2x-132.8x4.4x
Thu, 11 Dec 2025US$33.6bUS$6.0bUS$422.0m32.7x79.6x5.6x
Sat, 08 Nov 2025US$32.9bUS$6.0bUS$433.6m28.9x75.9x5.5x
Mon, 06 Oct 2025US$34.3bUS$6.1bUS$423.7m31.4x81.1x5.7x
Wed, 03 Sep 2025US$34.8bUS$6.1bUS$462.1m29.4x75.3x5.7x
Fri, 01 Aug 2025US$33.1bUS$6.4bUS$483.7m24.4x68.4x5.2x
Sun, 29 Jun 2025US$33.1bUS$6.3bUS$598.5m27.5x55.3x5.3x
Tue, 27 May 2025US$32.9bUS$6.3bUS$598.1m25x55x5.2x
Thu, 24 Apr 2025US$34.8bUS$7.1bUS$745.2m25.3x46.8x4.9x
Sat, 22 Mar 2025US$35.7bUS$7.0bUS$871.7m28.2x40.9x5.1x
Mon, 17 Feb 2025US$35.4bUS$7.0bUS$779.1m27.9x45.4x5.1x
Wed, 15 Jan 2025US$34.2bUS$7.0bUS$878.8m25.8x38.9x4.9x
Fri, 13 Dec 2024US$36.7bUS$7.0bUS$878.8m28.9x41.7x5.3x
Sun, 10 Nov 2024US$37.5bUS$7.1bUS$764.7m29.4x49x5.3x
Tue, 08 Oct 2024US$38.3bUS$7.0bUS$628.7m25.6x61x5.5x
Thu, 05 Sep 2024US$37.7bUS$6.8bUS$565.4m29.9x66.8x5.5x
Sat, 03 Aug 2024US$36.2bUS$6.8bUS$643.8m27x56.3x5.3x
Mon, 01 Jul 2024US$33.5bUS$6.8bUS$676.6m25x49.5x4.9x
Wed, 29 May 2024US$33.6bUS$6.9bUS$664.0m23.4x50.6x4.9x
Fri, 26 Apr 2024US$32.6bUS$6.7bUS$817.8m23.2x39.9x4.9x
Sun, 24 Mar 2024US$32.9bUS$6.5bUS$903.8m25.4x36.5x5.1x
Tue, 20 Feb 2024US$33.2bUS$6.3bUS$988.2m26.6x33.6x5.3x
Thu, 18 Jan 2024US$85.5bUS$21.2bUS$876.1m24.7x97.6x4x
Sat, 16 Dec 2023US$85.8bUS$21.3bUS$878.5m28.2x97.6x4x
Mon, 13 Nov 2023US$80.7bUS$21.3bUS$863.0m25x93.5x3.8x
Wed, 11 Oct 2023US$80.0bUS$21.1bUS$1.0b21.5x78.3x3.8x
Fri, 08 Sep 2023US$82.9bUS$21.1bUS$1.0b23.6x81.1x3.9x
Sun, 06 Aug 2023US$84.1bUS$21.1bUS$1.2b21.3x72.7x4x
Tue, 04 Jul 2023US$148.7bUS$20.9bUS$1.2b22.4x126.4x7.1x
Price to Earnings Ratio

126.4x


Total Market Cap: US$148.7bTotal Earnings: US$1.2bTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -13.5x202420252026
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 50.9x which is higher than its 3-year average PE of -13.5x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 16% per year over the last three years,
  • Revenues have also declined 36% 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 Market-2.65%
Real Estate4.05%
REITS3.58%
Healthcare REITs9.21%
Residential REITs6.80%
Retail REITs5.95%
Specialized REITs4.20%
Diversified REITs3.58%
Hotel and Resort REITs1.90%
Industrial REITs1.18%
Office REITs-0.99%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 373x.
    • Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Residential REITs industry is expected to see its earnings decline by 13% 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
WPC W. P. CareyUS$73.863.7%
+US$588.0m		17.5%PB2x
EPRT Essential Properties Realty TrustUS$30.624.3%
+US$272.5m		-4.1%PB1.5x
BNL Broadstone Net LeaseUS$21.213.1%
+US$120.8m		31.3%PB1.4x
AAT American Assets TrustUS$25.184.7%
+US$69.4m		26.9%PB1.4x
CTO CTO Realty GrowthUS$21.745.5%
+US$38.5m		25.6%PB1.3x

Latest News

AAT
US$25.18
American Assets Trust
7D
4.7%
1Y
26.9%
Narrative Update • Jun 26

AAT: Elevated P E And Insider Euphoria Will Test Margin Assumptions

Analysts have lifted their price target on American Assets Trust from $19.00 to $20.50, citing updated assumptions for slightly higher revenue growth, a wider profit margin, a lower discount rate, and a revised future P/E multiple. What’s in the News for American Assets Trust Executive Chairman Ernest S.
GOOD
US$12.49
Gladstone Commercial
7D
3.5%
1Y
-12.5%
Narrative Update • Jun 25

GOOD: Stable Cash Flows And Portfolio Quality Will Support Future Upside Potential

Analysts kept their $13.88 price target for Gladstone Commercial unchanged, citing a steady fair value estimate, along with only marginal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News for Gladstone Commercial No recent news stories, periodical coverage, or key developments were provided for Gladstone Commercial in the available sources.
CTO
US$21.74
CTO Realty Growth
7D
5.5%
1Y
25.6%
Narrative Update • Jun 25

CTO: Steady Fair Value And 2026 Guidance Will Shape Future Returns

Analysts kept their fair value estimate for CTO Realty Growth steady at $23.00, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin, and future P/E in their updated price target work. What’s in the News for CTO Realty Growth Reported completion of a share repurchase program announced on September 24, 2025, with a total of 307,563 shares bought back, representing 0.94% of shares, for US$5 million.
PINE
US$20.79
Alpine Income Property Trust
7D
8.7%
1Y
40.7%
EPRT
US$30.62
Essential Properties Realty Trust
7D
4.3%
1Y
-4.1%
Narrative Update • Jun 24

EPRT: Peer-Leading Investment Spreads Expected To Support Future Acquisitions

Analysts have trimmed the fair value estimate for Essential Properties Realty Trust slightly to $37.05 from $37.13. This reflects updated assumptions around discount rates, growth, and margins, while still indicating what they view as an attractive entry point supported by earnings growth potential and investment spreads relative to other REITs. Analyst Commentary Recent Street research on Essential Properties Realty Trust reflects a mix of optimism around earnings power and caution around macro and interest rate risk, which is feeding directly into how analysts think about valuation and price targets.
BNL
US$21.21
Broadstone Net Lease
7D
3.1%
1Y
31.3%
WPC
US$73.86
W. P. Carey
7D
3.7%
1Y
17.5%
Narrative Update • Jun 23

WPC: Portfolio Simplification And Credit Risks Will Shape Balanced Forward Outlook

Analysts have nudged their average price target on W. P.
GNL
US$9.00
Global Net Lease
7D
-2.4%
1Y
19.8%
AHRT
US$7.12
AH REALTY TRUST
7D
6.7%
1Y
1.6%
Narrative Update • Jun 22

AHRT: Share Repurchases And Leasing Progress Will Support Future Margin Stability

The analyst price target for AH Realty Trust has shifted to $7.00 from $7.88 as analysts factor in a lower fair value estimate, along with adjustments to the discount rate, revenue growth, profit margin expectations, and future P/E assumptions informed by recent sector-wide REIT valuation updates. Analyst Commentary Recent research on AH Realty Trust reflects a mixed but generally balanced view, with price targets and ratings signaling both optimism about execution and caution around valuation for a smaller REIT in a sector seeing broad recalibrations.
MDV
US$17.64
Modiv Industrial
7D
-1.8%
1Y
22.6%
SQFT
US$2.48
Presidio Property Trust
7D
-7.5%
1Y
-49.3%
GIPR
US$0.17
Generation Income Properties
7D
-0.3%
1Y
-88.3%
MKZR
US$1.69
MacKenzie Realty Capital
7D
-0.3%
1Y
-74.7%