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U.S. REITS Industry Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.0%
  • 3M1.8%
  • 1Y-1.1%
  • YTD1.1%

Over the last 7 days, the REITS industry has dropped 1.0%, driven by Essential Properties Realty Trust declining 4.2%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026US$38.1bUS$6.9b-US$97,584,385.0029.5x-390.5x5.5x
Wed, 25 Feb 2026US$43.0bUS$7.5b-US$122,349,157.0028.4x-351.1x5.8x
Fri, 23 Jan 2026US$34.8bUS$7.5b-US$252,955,402.0031x-137.4x4.6x
Sun, 21 Dec 2025US$33.0bUS$6.0bUS$427.5m32.1x77.1x5.5x
Tue, 18 Nov 2025US$33.5bUS$6.0bUS$427.0m27.1x78.6x5.6x
Thu, 16 Oct 2025US$33.4bUS$6.1bUS$423.7m31.4x78.9x5.5x
Sat, 13 Sep 2025US$34.8bUS$6.1bUS$455.0m32.7x76.6x5.7x
Mon, 11 Aug 2025US$33.8bUS$6.2bUS$472.2m26.8x71.5x5.4x
Wed, 09 Jul 2025US$33.6bUS$6.3bUS$598.5m27x56.1x5.4x
Fri, 06 Jun 2025US$33.6bUS$6.3bUS$598.1m27.2x56.2x5.4x
Sun, 04 May 2025US$33.3bUS$6.3bUS$644.2m27.1x51.6x5.2x
Tue, 01 Apr 2025US$35.7bUS$7.0bUS$831.3m27.8x43x5.1x
Thu, 27 Feb 2025US$36.7bUS$6.9bUS$826.2m23.6x44.4x5.3x
Sat, 25 Jan 2025US$34.6bUS$7.0bUS$878.8m25.4x39.3x5x
Mon, 23 Dec 2024US$35.1bUS$7.0bUS$878.8m27.2x40x5x
Wed, 20 Nov 2024US$36.5bUS$7.0bUS$943.1m29.1x38.7x5.2x
Fri, 18 Oct 2024US$38.8bUS$7.0bUS$622.4m25.7x62.4x5.6x
Sun, 15 Sep 2024US$38.6bUS$6.8bUS$580.6m28.6x66.5x5.7x
Tue, 13 Aug 2024US$35.5bUS$6.9bUS$641.2m26.4x55.4x5.1x
Thu, 11 Jul 2024US$33.6bUS$6.8bUS$676.6m25.2x49.7x4.9x
Sat, 08 Jun 2024US$34.1bUS$6.9bUS$664.0m23.9x51.4x5x
Mon, 06 May 2024US$33.4bUS$6.7bUS$739.8m23.2x45.2x5x
Wed, 03 Apr 2024US$33.6bUS$6.6bUS$760.5m25.5x44.2x5.1x
Fri, 01 Mar 2024US$32.1bUS$6.5bUS$881.6m27.5x36.4x4.9x
Sun, 28 Jan 2024US$84.7bUS$21.2bUS$889.0m24.7x95.3x4x
Tue, 26 Dec 2023US$86.0bUS$21.3bUS$878.5m27.8x97.9x4x
Thu, 23 Nov 2023US$82.1bUS$21.3bUS$878.5m23.6x93.5x3.9x
Sat, 21 Oct 2023US$79.4bUS$21.1bUS$1.0b21.6x78.5x3.8x
Mon, 18 Sep 2023US$84.3bUS$21.1bUS$1.0b21.9x82.6x4x
Wed, 16 Aug 2023US$83.1bUS$21.1bUS$1.1b22x77.1x3.9x
Fri, 14 Jul 2023US$84.1bUS$20.9bUS$1.2b23.1x71.5x4x
Sun, 11 Jun 2023US$83.2bUS$12.2bUS$2.6b20.6x31.7x6.8x
Tue, 09 May 2023US$82.9bUS$12.2bUS$2.7b18.4x30.5x6.8x
Thu, 06 Apr 2023US$84.7bUS$12.2bUS$2.7b25.7x31.8x6.9x
Price to Earnings Ratio

31.8x


Total Market Cap: US$84.7bTotal Earnings: US$2.7bTotal Revenue: US$12.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -0.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
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-1.89%
Real Estate-0.94%
REITS-1.04%
Hotel and Resort REITs0.88%
Residential REITs-0.27%
Industrial REITs-0.31%
Healthcare REITs-0.44%
Diversified REITs-1.04%
Retail REITs-1.24%
Specialized REITs-1.77%
Office REITs-2.15%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 350x.
    • Analysts are expecting annual earnings growth of 27.7%, 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 17% 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$67.610.09%
+US$21.2m		7.8%PB1.8x
NXDT NexPoint Diversified Real Estate TrustUS$4.256.3%
+US$12.3m		12.7%PB0.3x
MDRR Medalist DiversifiedUS$11.411.9%
+US$304.4k		-11.9%PB1.7x
MDV Modiv IndustrialUS$14.12-0.4%
US$114.4k		-10.4%PB0.9x

Latest News

GOOD
US$10.99
Gladstone Commercial
7D
-6.1%
1Y
-26.2%

GOOD: High Occupancy And Extended Debt Maturities Will Support Upside Through 2027

Analysts have raised their 12-month price targets on Gladstone Commercial to a range of approximately $12.50 to $14, citing a higher estimated net asset value per share and a still stable, high-occupancy portfolio, while noting that higher refinancing costs and office exposure are weighing on expectations for per-share growth. Analyst Commentary Recent research points to a mixed but generally constructive stance on Gladstone Commercial, with analysts updating their models around net asset value, balance sheet moves, and the impact of refinancing and office exposure on future cash flows.
CTO
US$18.10
CTO Realty Growth
7D
-1.3%
1Y
-6.2%
EPRT
US$30.38
Essential Properties Realty Trust
7D
-4.2%
1Y
-6.8%
MDV
US$14.12
Modiv Industrial
7D
-0.4%
1Y
-10.4%
PINE
US$17.96
Alpine Income Property Trust
7D
-1.5%
1Y
8.1%

PINE: Strong Buy Rating And Dividend Yield Are Expected To Support Upside

Narrative Update The analyst price target for Alpine Income Property Trust is now $22. This reflects updated views on the stock's valuation following recent upgrades, including a Strong Buy rating and higher targets around $19.50 to $22 that are supported by comments on its P/E level and dividend yield.
AAT
US$18.18
American Assets Trust
7D
-0.8%
1Y
-9.3%

AAT: Peak Fundamentals And Sector Reset Will Likely Limit Near Term Upside

Narrative Update Analysts have nudged their price target on American Assets Trust higher by $1, citing a modestly lower discount rate, steady fair value at $18.0, and largely unchanged revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on American Assets Trust shows a mix of cautious and constructive views, with price targets and ratings adjusted as analysts reassess sector conditions and company specific risks and opportunities.
WPC
US$67.61
W. P. Carey
7D
0.09%
1Y
7.8%

WPC: Re Loaded Balance Sheet And Dividend Will Shape Future Risk Reward

Analysts lifted the W. P.
BNL
US$18.46
Broadstone Net Lease
7D
-1.0%
1Y
8.8%
AHRT
US$5.15
AH REALTY TRUST
7D
-9.8%
1Y
-31.3%

AHRT: Future Same Store NOI Execution Will Likely Drive Rerating Potential

Analysts cut AH Realty Trust's fair value estimate from $10.50 to $9.00 and lowered the price target to $9, citing more conservative revenue assumptions, a slightly higher discount rate, and a lower future P/E multiple, even though projected profit margins are higher. Analyst Commentary Recent Street research around AH Realty Trust and comparable healthcare focused REITs gives you a sense of how sentiment is splitting between caution and optimism.
GNL
US$9.17
Global Net Lease
7D
-0.5%
1Y
14.6%

GNL: Balance Sheet Progress And Dispositions Will Guide Future Risk Reward Balance

Narrative Update on Global Net Lease Analysts have lifted their price target on Global Net Lease to $10 from $9, citing quicker than expected balance sheet strengthening, lower leverage into 2025, and the use of asset sales to scale the business and repurchase shares. Analyst Commentary Recent research has highlighted both supportive and cautious views around Global Net Lease, with the current price target reset to US$10 helping frame how analysts see the balance between risk and reward.
NXDT
US$4.25
NexPoint Diversified Real Estate Trust
7D
6.3%
1Y
12.7%
MDRR
US$11.41
Medalist Diversified
7D
1.9%
1Y
-11.9%