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U.S. REITS Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.5%
  • 3M3.3%
  • 1Y8.9%
  • YTD9.1%

Over the last 7 days, the REITS industry has dropped 1.5%, driven by W. P. Carey declining 4.0%. This takes the industry's 12 month performance to a gain of 8.9%. 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
Tue, 07 Jul 2026US$35.7bUS$5.5bUS$697.8m44.3x51.1x6.5x
Thu, 04 Jun 2026US$35.5bUS$5.4bUS$711.7m42.3x49.8x6.5x
Sat, 02 May 2026US$44.2bUS$7.5b-US$63,565,621.0031.3x-695.7x5.9x
Mon, 30 Mar 2026US$38.1bUS$6.9b-US$97,584,385.0029.5x-390.6x5.5x
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
Price to Earnings Ratio

71.5x


Total Market Cap: US$84.1bTotal Earnings: US$1.2bTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. REITS Industry Price to Earnings3Y Average -14.1x202420252026
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 51.1x which is higher than its 3-year average PE of -14.1x.
  • 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 Market0.79%
Real Estate-0.90%
REITS-1.46%
Office REITs2.84%
Healthcare REITs1.55%
Residential REITs1.14%
Industrial REITs0.66%
Retail REITs-1.19%
Diversified REITs-1.46%
Specialized REITs-2.03%
Hotel and Resort REITs-4.24%
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 23.7%, which is lower than the prior year's growth of 30.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% 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
EPRT Essential Properties Realty TrustUS$30.881.2%
+US$77.8m		-2.0%PB1.5x
AAT American Assets TrustUS$25.161.3%
+US$19.6m		26.2%PB1.4x
GOOD Gladstone CommercialUS$12.722.5%
+US$15.0m		-11.0%PB3.8x
NXDT NexPoint Diversified Real Estate TrustUS$5.424.8%
+US$12.9m		17.8%PB0.4x
GNL Global Net LeaseUS$9.000.7%
+US$12.7m		18.3%PB1.2x

Latest News

AAT
US$25.16
American Assets Trust
7D
1.3%
1Y
26.2%
GNL
US$9.00
Global Net Lease
7D
0.7%
1Y
18.3%
AHRT
US$7.04
AH REALTY TRUST
7D
-1.9%
1Y
1.9%
Narrative Update • Jul 06

AHRT: Future Buybacks And Higher Margins May Support Rerating Potential

Analysts have nudged their fair value estimate for AH Realty Trust down from $9 to $8, citing a lower discount rate, weaker revenue growth assumptions, and a reduced future P/E of 11.64, partly offset by a higher projected profit margin of 26.05%. Analyst Commentary Recent Street research on AH Realty Trust and peers such as American Healthcare REIT points to a mix of caution on valuation and optimism around specific growth pipelines and earnings power.
BNL
US$21.09
Broadstone Net Lease
7D
-0.3%
1Y
31.4%
MDV
US$17.67
Modiv Industrial
7D
1.3%
1Y
20.2%
PINE
US$20.53
Alpine Income Property Trust
7D
-3.4%
1Y
41.3%
NXDT
US$5.42
NexPoint Diversified Real Estate Trust
7D
4.8%
1Y
17.8%
EPRT
US$30.88
Essential Properties Realty Trust
7D
1.2%
1Y
-2.0%
WPC
US$70.55
W. P. Carey
7D
-4.0%
1Y
12.6%
Seeking Alpha • Jun 28

W. P. Carey: 5% Yield, 11% AFFO Growth, And BBB+ Balance Sheet

Summary W. P. Carey offers a 5.1% yield and consistent dividend growth, supported by a diversified, industrial-focused portfolio. WPC's industrial-focused, diversified portfolio and disciplined acquisition pipeline support continued AFFO/share growth and dividend increases. Management raised full-year investment pipeline guidance to $1.5–$2.0 billion, reflecting confidence in ongoing accretive acquisitions. I maintain a 'Buy' rating on WPC for its attractive yield, strong balance sheet, and reasonable valuation versus peers. Read the full article on Seeking Alpha
GOOD
US$12.72
Gladstone Commercial
7D
2.5%
1Y
-11.0%
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$21.43
CTO Realty Growth
7D
-2.3%
1Y
23.7%
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.
SQFT
US$2.56
Presidio Property Trust
7D
6.0%
1Y
-48.6%
GIPR
US$0.17
Generation Income Properties
7D
4.8%
1Y
-88.8%