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

U.S. REITS Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies21
  • 7D-1.9%
  • 3M5.5%
  • 1Y3.8%
  • YTD5.6%

Over the last 7 days, the REITS industry has dropped 1.9%, driven by declines in Essential Properties Realty Trust and W. P. Carey of 4.1% and 1.5%, respectively. This takes the industry's 12 month performance to a gain of 3.8%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026US$40.2bUS$7.0b-US$80,008,385.0029.5x-502.3x5.8x
Mon, 09 Feb 2026US$41.6bUS$7.5b-US$256,823,402.0031.4x-162.1x5.5x
Wed, 07 Jan 2026US$32.9bUS$7.5b-US$252,955,402.0032.8x-130x4.4x
Fri, 05 Dec 2025US$33.5bUS$6.0bUS$422.0m31.4x79.4x5.6x
Sun, 02 Nov 2025US$33.0bUS$6.1bUS$435.5m30.2x75.7x5.4x
Tue, 30 Sep 2025US$34.4bUS$6.1bUS$448.2m31.3x76.7x5.6x
Thu, 28 Aug 2025US$34.4bUS$6.1bUS$462.1m29.8x74.5x5.6x
Sat, 26 Jul 2025US$33.5bUS$6.3bUS$621.7m25.6x53.9x5.3x
Mon, 23 Jun 2025US$34.1bUS$6.3bUS$598.5m28.1x57x5.4x
Wed, 21 May 2025US$33.3bUS$6.2bUS$591.6m26.7x56.4x5.4x
Fri, 18 Apr 2025US$34.5bUS$7.1bUS$745.2m25.1x46.3x4.9x
Sun, 16 Mar 2025US$35.8bUS$7.0bUS$871.7m28.4x41x5.1x
Tue, 11 Feb 2025US$34.7bUS$7.0bUS$876.4m24.2x39.6x5x
Thu, 09 Jan 2025US$34.8bUS$7.0bUS$878.8m25.4x39.6x5x
Sat, 07 Dec 2024US$36.6bUS$6.9bUS$847.8m29.1x43.2x5.3x
Mon, 04 Nov 2024US$36.2bUS$7.0bUS$628.9m25.5x57.6x5.2x
Wed, 02 Oct 2024US$38.8bUS$7.0bUS$628.7m26.4x61.7x5.5x
Fri, 30 Aug 2024US$37.5bUS$6.8bUS$565.4m29.8x66.3x5.5x
Sun, 28 Jul 2024US$37.4bUS$6.8bUS$670.4m27.6x55.8x5.5x
Tue, 25 Jun 2024US$33.0bUS$6.8bUS$676.6m24.6x48.8x4.8x
Thu, 23 May 2024US$34.8bUS$6.9bUS$664.0m24.1x52.4x5.1x
Sat, 20 Apr 2024US$31.9bUS$6.7bUS$818.1m24.3x39x4.8x
Mon, 18 Mar 2024US$32.7bUS$6.5bUS$887.0m27x36.9x5x
Wed, 14 Feb 2024US$32.4bUS$6.3bUS$974.4m26.2x33.3x5.1x
Fri, 12 Jan 2024US$86.4bUS$21.2bUS$876.1m25.6x98.6x4.1x
Sun, 10 Dec 2023US$82.6bUS$21.3bUS$878.5m26.4x94.1x3.9x
Tue, 07 Nov 2023US$81.8bUS$21.3bUS$1.0b26.2x80.8x3.8x
Thu, 05 Oct 2023US$80.3bUS$21.1bUS$1.0b21.2x78.7x3.8x
Sat, 02 Sep 2023US$83.3bUS$21.1bUS$1.0b24.2x81.4x3.9x
Mon, 31 Jul 2023US$84.4bUS$21.0bUS$1.2b23x70.5x4x
Wed, 28 Jun 2023US$148.1bUS$20.9bUS$1.2b22.1x125.9x7.1x
Fri, 26 May 2023US$81.5bUS$12.2bUS$2.6b19.6x31.1x6.7x
Sun, 23 Apr 2023US$85.2bUS$12.8bUS$2.1b25x41.3x6.7x
Tue, 21 Mar 2023US$86.2bUS$12.2bUS$2.7b25.9x32.4x7.1x
Price to Earnings Ratio

32.4x


Total Market Cap: US$86.2bTotal Earnings: US$2.7bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 6.6x202420252026
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 5.8x.
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 17% per year, which is driving profits down.

Industry Trends

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

US Market-1.64%
Real Estate-1.76%
REITS-1.91%
Healthcare REITs0.93%
Diversified REITs-1.91%
Retail REITs-2.25%
Industrial REITs-2.34%
Office REITs-3.04%
Specialized REITs-3.45%
Residential REITs-4.30%
Hotel and Resort REITs-4.98%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 340x.
    • Analysts are expecting annual earnings growth of 27.9%, 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 Office REITs industry is expected to see its earnings decline by 18% 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
BNL Broadstone Net LeaseUS$19.310.8%
+US$30.6m		13.2%PB1.3x
GNL Global Net LeaseUS$9.391.4%
+US$27.8m		16.5%PB1.2x
MDRR Medalist DiversifiedUS$11.601.6%
+US$264.3k		-6.1%PB1.8x
MKZR MacKenzie Realty CapitalUS$3.763.0%
+US$216.3k		-79.9%PB0.1x

Latest News

WPC
US$71.49
W. P. Carey
7D
-1.5%
1Y
14.1%
EPRT
US$32.94
Essential Properties Realty Trust
7D
-4.1%
1Y
3.9%
GOOD
US$12.05
Gladstone Commercial
7D
-2.5%
1Y
-19.1%

GOOD: Office Risks And Refinancing Costs Will Balance Occupancy Strength Through 2027

Analysts have nudged their fair value estimate for Gladstone Commercial to $13.38 from $13.13. This reflects higher price targets backed by a larger 12 month forward NAV per share estimate and balance sheet moves that extend debt maturities while limiting near term refinancing risk.
AAT
US$18.78
American Assets Trust
7D
-1.6%
1Y
-6.7%

AAT: Peak Occupancy And Sector Reset Will Likely Cap Near Term Upside

Narrative Update on American Assets Trust Analysts trimmed their price target on American Assets Trust by $2 to $19, citing a sector-wide reset in expectations for shopping center REITs, as occupancy levels are viewed as close to all-time highs and fundamentals are seen as peaking. Analyst Commentary Recent research on American Assets Trust has centered on valuation reset and sector positioning, rather than company specific execution issues.
PINE
US$18.44
Alpine Income Property Trust
7D
-5.6%
1Y
14.0%

PINE: Dividend Increase And Aspen Lease Are Expected To Support Balanced Returns

Our analyst price target for Alpine Income Property Trust increases slightly to about $20.91 per share from roughly $20.68, reflecting updated assumptions around the discount rate, fair value inputs, and future P/E that are consistent with recent price target increases from analysts at major firms. Analyst Commentary Recent Street research around Alpine Income Property Trust has centered on modest price target adjustments and a fresh initiation that collectively frame expectations around execution, risk, and valuation.
AHRT
US$5.47
AH REALTY TRUST
7D
-12.1%
1Y
-27.9%
MKZR
US$3.76
MacKenzie Realty Capital
7D
3.0%
1Y
-79.9%
NXDT
US$4.46
NexPoint Diversified Real Estate Trust
7D
-2.8%
1Y
4.0%
BNL
US$19.31
Broadstone Net Lease
7D
0.8%
1Y
13.2%

BNL: Development Pipeline And Dividend Policy Will Shape Balanced Forward Outlook

Analysts are maintaining a $19.00 price target for Broadstone Net Lease, with the updated view reflecting slightly higher discount rate assumptions, more conservative revenue growth and profit margin expectations, and a higher future P/E multiple to align with current earnings projections. What's in the News Broadstone Net Lease added two new build-to-suit development projects to its investment pipeline with an aggregate estimated total project investment of about $62.1 million, including an SSD industrial warehouse and distribution center in Sarasota, FL, and a retail development in Magnolia, TX, a suburb of Houston, TX (Key Developments).
GNL
US$9.39
Global Net Lease
7D
1.4%
1Y
16.5%
CTO
US$18.72
CTO Realty Growth
7D
-5.3%
1Y
0.7%
MDRR
US$11.60
Medalist Diversified
7D
1.6%
1Y
-6.1%