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U.S. REITS Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies22
  • 7D-0.4%
  • 3M4.2%
  • 1Y5.5%
  • YTD3.4%

Over the last 7 days, the REITS industry has remained flat. The past year has been better, since the industry has gained 5.5% in that time. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026US$34.7bUS$7.5b-US$252,873,402.0030.4x-137.1x4.6x
Thu, 01 Jan 2026US$33.2bUS$7.5b-US$252,955,402.0032.5x-131.2x4.4x
Sat, 29 Nov 2025US$33.6bUS$6.0bUS$422.0m30.1x79.6x5.6x
Mon, 27 Oct 2025US$33.9bUS$6.1bUS$435.7m31.6x77.8x5.6x
Wed, 24 Sep 2025US$34.2bUS$6.1bUS$448.2m30.8x76.3x5.6x
Fri, 22 Aug 2025US$34.0bUS$6.1bUS$462.1m29.6x73.7x5.6x
Sun, 20 Jul 2025US$32.1bUS$6.3bUS$598.5m25.8x53.6x5.1x
Tue, 17 Jun 2025US$34.0bUS$6.3bUS$598.5m28.1x56.8x5.4x
Thu, 15 May 2025US$32.8bUS$6.2bUS$600.6m26.4x54.7x5.3x
Sat, 12 Apr 2025US$32.7bUS$7.1bUS$745.2m25.1x43.9x4.6x
Mon, 10 Mar 2025US$36.9bUS$7.0bUS$867.5m30x42.6x5.3x
Wed, 05 Feb 2025US$34.6bUS$7.0bUS$879.2m25.1x39.4x5x
Fri, 03 Jan 2025US$35.2bUS$7.0bUS$878.8m27.2x40x5.1x
Sun, 01 Dec 2024US$37.5bUS$7.0bUS$915.5m29.7x40.9x5.4x
Tue, 29 Oct 2024US$37.3bUS$7.0bUS$651.5m26x57.3x5.3x
Thu, 26 Sep 2024US$39.3bUS$7.0bUS$643.6m27x61x5.6x
Sat, 24 Aug 2024US$36.6bUS$6.8bUS$561.6m29.5x65.1x5.4x
Mon, 22 Jul 2024US$36.5bUS$6.8bUS$676.8m27.2x53.9x5.3x
Wed, 19 Jun 2024US$33.3bUS$6.9bUS$664.4m24.6x50.1x4.8x
Fri, 17 May 2024US$35.0bUS$6.9bUS$666.7m24.4x52.4x5.1x
Sun, 14 Apr 2024US$32.7bUS$6.6bUS$759.3m25.1x43.1x5x
Tue, 12 Mar 2024US$33.1bUS$6.5bUS$881.4m27.6x37.5x5.1x
Thu, 08 Feb 2024US$33.6bUS$6.3bUS$1.0b26.3x32.1x5.3x
Sat, 06 Jan 2024US$85.5bUS$21.2bUS$876.1m25.3x97.6x4x
Mon, 04 Dec 2023US$84.7bUS$21.3bUS$878.5m25.9x96.4x4x
Wed, 01 Nov 2023US$79.6bUS$21.2bUS$1.0b21.8x78x3.8x
Fri, 29 Sep 2023US$80.8bUS$21.1bUS$1.0b21.7x79.1x3.8x
Sun, 27 Aug 2023US$82.5bUS$21.1bUS$1.0b23.5x80.7x3.9x
Tue, 25 Jul 2023US$85.3bUS$20.9bUS$1.2b23.5x73.4x4.1x
Thu, 22 Jun 2023US$81.9bUS$12.0bUS$2.6b20.3x31.4x6.8x
Sat, 20 May 2023US$81.7bUS$12.2bUS$2.6b19.6x31.2x6.7x
Mon, 17 Apr 2023US$84.4bUS$12.8bUS$2.1b24.6x41x6.6x
Wed, 15 Mar 2023US$1.3tUS$189.9bUS$38.8b24.6x32.4x6.6x
Fri, 10 Feb 2023US$1.3tUS$183.1bUS$42.7b25.9x31.5x7.4x
Price to Earnings Ratio

31.5x


Total Market Cap: US$1.3tTotal Earnings: US$42.7bTotal Revenue: US$183.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average 50.7x202420252026
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 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.6x.
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 65% per year, which is driving profits down.

Industry Trends

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

US Market-0.35%
Real Estate-0.47%
REITS-0.41%
Industrial REITs1.86%
Retail REITs1.41%
Healthcare REITs0.70%
Diversified REITs-0.41%
Specialized REITs-0.96%
Residential REITs-1.19%
Hotel and Resort REITs-1.41%
Office REITs-1.93%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 72.9x.
    • Analysts are expecting annual earnings decline of 21.6%, which is lower than the prior year's growth of 10.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 22% 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
GOOD Gladstone CommercialUS$11.612.7%
+US$14.5m		-28.0%PB3x
NXDT NexPoint Diversified Real Estate TrustUS$4.925.8%
+US$13.2m		-10.1%PB0.3x
AAT American Assets TrustUS$18.031.2%
+US$12.8m		-25.2%PB0.9x
ALEX Alexander & BaldwinUS$20.750.2%
+US$3.6m		15.5%PB1.5x
AHH Armada Hoffler PropertiesUS$6.910.6%
+US$3.2m		-28.5%PB1.2x

Latest News

GOOD
US$11.61
Gladstone Commercial
7D
2.7%
1Y
-28.0%
NXDT
US$4.92
NexPoint Diversified Real Estate Trust
7D
5.8%
1Y
-10.1%
AAT
US$18.03
American Assets Trust
7D
1.2%
1Y
-25.2%

AAT: Peak Occupancy And Sector Downgrades Are Expected To Balance Prospects

Narrative Update: American Assets Trust Analysts have trimmed their fair value estimate for American Assets Trust to $18.00 from $19.00, reflecting slightly higher discount rate inputs and a lower assumed future P/E multiple, following recent sector downgrades and reduced price targets for shopping center REITs. Analyst Commentary Recent research updates on American Assets Trust have focused on sector level shifts in shopping center REITs and how those feed into valuation assumptions for the stock. Bullish Takeaways Bullish analysts point to portfolio occupancy levels that are described as approaching or surpassing all time highs, which they see as supportive of current cash flow generation underlying fair value estimates.
WPC
US$68.37
W. P. Carey
7D
-0.3%
1Y
23.3%

WPC: Dividend Policy And Sector Positioning Will Shape Future Returns

Narrative Update The analyst price target for W. P.
SQFT
US$2.58
Presidio Property Trust
7D
-13.1%
1Y
-62.1%
CTO
US$17.77
CTO Realty Growth
7D
0.06%
1Y
-10.1%
BNL
US$18.30
Broadstone Net Lease
7D
-0.9%
1Y
17.1%

BNL: Higher FY25 Investments And Investor Day Will Shape Risk Balance

Analysts have lifted their price target range for Broadstone Net Lease by about $4 to roughly $19, citing higher planned FY25 investment volumes and noting that current 2026 assumptions could prove conservative if those trends continue. Analyst Commentary Even with the higher price target range and larger planned FY25 investment volumes, some bearish analysts are still urging caution.
PINE
US$17.66
Alpine Income Property Trust
7D
-0.2%
1Y
3.9%
AHH
US$6.91
Armada Hoffler Properties
7D
0.6%
1Y
-28.5%
GIPR
US$0.66
Generation Income Properties
7D
-11.0%
1Y
-61.9%
GNL
US$9.33
Global Net Lease
7D
-0.5%
1Y
31.8%
EPRT
US$30.12
Essential Properties Realty Trust
7D
-0.7%
1Y
-5.4%
ALEX
US$20.75
Alexander & Baldwin
7D
0.2%
1Y
15.5%

ALEX: Shopping Centers And Buyout Deal Will Offset REIT Fund Flow Headwinds

Analysts have modestly reduced their price target on Alexander & Baldwin by about $1 to approximately $21 per share. This reflects slightly lower fair value and profit margin expectations, even as projected revenue declines appear less severe and long term earnings multiples compress amid ongoing REIT fund flow headwinds.
MKZR
US$4.35
MacKenzie Realty Capital
7D
-8.1%
1Y
-81.3%